Bank Transfer to VBA possible?

phenam · #1 11-28-2017

I'm looking for a VBA that can accept bank transfers. Funds going into the VBA. If possible, I'd like to know what/where to buy it. Thanks.

JamesNorth101 · #2 11-28-2017

It's not possible

rsot · #3 11-28-2017

Why can't you get legit bank accounts OP? You in the US?

phenam · #4 11-28-2017

Quote:

Originally Posted by rsot

Why can't you get legit bank accounts OP? You in the US?

I live in US. I'm not comfortable providing my account# & routing#.

JamesNorth101 · #5 11-28-2017

Why is that?

phenam · #6 11-28-2017

Quote:

Originally Posted by JamesNorth101

Why is that?

I spoke to my Chase bank agent about this, and the agent told me it's unsafe to provide account# and routing# (that's why Chase offers Quickpay instead). Like in a scenario if I dropped a paper on the street with my account# and routing#, someone can use it to make transactions. I was told that some merchants use account# and routing# to accept payments. Don't know if all this is true.

slokor · #7 11-28-2017

Quote:

Originally Posted by phenam

I spoke to my Chase bank agent about this, and the agent told me it's unsafe to provide account# and routing# (that's why Chase offers Quickpay instead). Like in a scenario if I dropped a paper on the street with my account# and routing#, someone can use it to make transactions. I was told that some merchants use account# and routing# to accept payments. Don't know if all this is true.

Huh?
What youre saying makes absolutely no sense. According to that logic anyone who provides his bank info to paypal has his information out there for anyone to use to steal his identity. That is the weakest logic Ive ever heard.
Complete and utter nonsense.
Providing your banking info to paypal on a stealth account 100% safe. Paypal cannot see the name of the bank account holder and it is actually the safest way to withdraw your funds.
The ONLY reason you would have for concern is if youre involved in some VERY shady and illegal scams in which case the account number can be investigated and with the proper court orders (which would cost a pretty penny in legal fees) could lead back to you. If youre just a normal stealther you have absolutely NOTHING to fear by providing your bank account info to paypal.

JamesNorth101 · #8 11-28-2017

Quote:

Originally Posted by phenam

I spoke to my Chase bank agent about this, and the agent told me it's unsafe to provide account# and routing# (that's why Chase offers Quickpay instead). Like in a scenario if I dropped a paper on the street with my account# and routing#, someone can use it to make transactions. I was told that some merchants use account# and routing# to accept payments. Don't know if all this is true.

What does that have to do with inputting the account details into PayPal?

phenam · #9 11-28-2017

Quote:

Originally Posted by slokor

Huh?
What youre saying makes absolutely no sense. According to that logic anyone who provides his bank info to paypal has his information out there for anyone to use to steal his identity. That is the weakest logic Ive ever heard.
Complete and utter nonsense.
Providing your banking info to paypal on a stealth account 100% safe. Paypal cannot see the name of the bank account holder and it is actually the safest way to withdraw your funds.
The ONLY reason you would have for concern is if youre involved in some VERY shady and illegal scams in which case the account number can be investigated and with the proper court orders (which would cost a pretty penny in legal fees) could lead back to you. If youre just a normal stealther you have absolutely NOTHING to fear by providing your bank account info to paypal.

Quote:

Originally Posted by JamesNorth101

What does that have to do with inputting the account details into PayPal?

This was not about Paypal. It's along the lines of currency exchange: I pay bitcoin and get at least 110% ROI in cash via bank transfer. I was willing to risk a small trade, but my concern is about handing over my bank info.

slokor · #10 11-28-2017

If you cannot trust the party youre dealing with dont do business with them.
Problem solved.

technokidd1 · #11 03-12-2018

Or maybe he do trust the party but wants the VBA in anothers name for other purposes. Anonymous identity, Avoiding taxation, etc.

GreenBean · #12 03-12-2018

Quote:

Originally Posted by technokidd1

Or maybe he do trust the party but wants the VBA in anothers name for other purposes. Anonymous identity, Avoiding taxation, etc.

Yeah, maybe he thought that back in 2017
OP has not been back since 2017 to share any of life’s mysteries.

jamescarson3000 · #13 03-12-2018

Quote:

Originally Posted by phenam

I spoke to my Chase bank agent about this, and the agent told me it's unsafe to provide account# and routing# (that's why Chase offers Quickpay instead). Like in a scenario if I dropped a paper on the street with my account# and routing#, someone can use it to make transactions. I was told that some merchants use account# and routing# to accept payments. Don't know if all this is true.

I understand it would be great method "IF" selling foo foo items but your not saying that.

But you just want a extra layer of protection against a possible "SLIM CHANCE" of a paypal hack of the papyal system or something.

I remember back in the late 90's Ebay shut down from a Worm Attack those *******ized people at ebay didn't refund me the selling fees for ebay being shut down SUCK!

Urinbits · #14 03-13-2018

I transfer between my actual real bank account and my virtual bank account all the time and vice versa.

Revolut. Does anyone else use this app?

JamesNorth101 · #15 03-13-2018

That isn't a virtual bank account

Its just a bank account you can get via an APP

Slightly different things

Urinbits · #16 03-13-2018

What's a pure virtual bank account?

I assumed virtual meant that there wasn't a physical location I could go and visit the bank at which is what Revolut is.

Revolut bank accounts are surely ideal for adding to paypal anyway? What other similar apps provide a similar service do you know? I know of TIDE but are there others?

Ebayorbust · #17 03-13-2018

There is actually no such thing as a virtual bank account.

It's a turn of phrase that is incorrectly used.

People selling VBAs are actually opening real bank accounts. Once the verification deposits are supplied to the customer the account is then closed down which is why everyone says you can't withdraw to a VBA.

JamesNorth101 · #18 03-13-2018

Quote:

Originally Posted by Urinbits

What's a pure virtual bank account?

I assumed virtual meant that there wasn't a physical location I could go and visit the bank at which is what Revolut is.

Revolut bank accounts are surely ideal for adding to paypal anyway? What other similar apps provide a similar service do you know? I know of TIDE but are there others?

Really for the purpose of PayPal and having something that will last a long time I would stick to a real high street bank

Things like Uaccount and lots of other new bank accounts, they tend to have an issue with the amount of money going into the accounts in mismatching names long term