Forum

Bank account clarification question
 

Hi, sorry for starting a new thread about this, I've seen this talked about in many other threads, however I just want to clarify if I can withdraw money from my Amazon.uk account into a bank account with a different name that hasn't been used before.

Would I have to go through any sort of verification for the new bank account?

Basically, Amazon has been holding all my money from the past 6 weeks and are releasing it in a 5 days. It would save me money (around 4-5%) if I can have it sent to a different bank account than what is currently set up and verified.

Any help with answering this question would be very much appreciated.

Re: Bank account clarification question
 

New bank will be either HSBC or Natwest personal current account.

Re: Bank account clarification question
 

I am just a question- Why to take the risk for 4-5% ?
You're also burning , new bank account if you planned to use it for further account.

Re: Bank account clarification question
 

4-5% is quite significant, as Amazon held all the money made from beginning of December till first week of January, which consists heavily of non-discounted last minute Christmas purchases and FBA sales.

Re: Bank account clarification question
 

I wouldn't risk that money, specifically since you're saying its a big amount for that.
Just so you know , Your account will probably go through the eyes of verification once changing the bank account on it.

Re: Bank account clarification question
 

Yeah, maybe you're right, it's not worth having the account suspended and having the money locked up for another 90 days.