Action required: Verify your Amazon seller bank account information

peterjones · #89 05-09-2023

Quote:

Originally Posted by timbo

for the members who have already attempted...

Any recent developments here?
Successes and failures regarding being creative?

Bank: Wells

- i have mismatched bank account name that has been receiving deposits for over 2 years no issues.

- changed pdf bank statement to match amazon's specific name request

- changed address on pdf to match address on file with amazon.

About ready to pull the trigger and submit.

let us know how it goes!

alekov · #90 05-09-2023

Quick question for those getting creative with bank statements - I noticed many people talking in regards to address change to match. Why not simply go to your profile info on your bank account and change the address to the matching account entity address? Most banks are super simple as far as address change and you can put whatever you want on there. Previous statements unfortunately will still show the old address on file, but if you wait a few days for the new monthly statement to come available for download, it will have the new address you entered that is matching your account address?

I just did on Chase and it went through fine. The only thing I can't change is the name instead of mine to show the name of the LLC. I tried everything lol, even adding additional account owner and used the LLC name - it didn't go through.

So I guess I will just download the May .pdf statement with the correct address when it's available and I'll simply change my name to the LLC on file and see if it goes through?

timbo · #91 05-09-2023

Quote:

Originally Posted by alekov

Quick question for those getting creative with bank statements - I noticed many people talking in regards to address change to match. Why not simply go to your profile info on your bank account and change the address to the matching account entity address? Most banks are super simple as far as address change and you can put whatever you want on there. Previous statements unfortunately will still show the old address on file, but if you wait a few days for the new monthly statement to come available for download, it will have the new address you entered that is matching your account address?

I just did on Chase and it went through fine. The only thing I can't change is the name instead of mine to show the name of the LLC. I tried everything lol, even adding additional account owner and used the LLC name - it didn't go through.

So I guess I will just download the May .pdf statement with the correct address when it's available and I'll simply change my name to the LLC on file and see if it goes through?

Waiting for the latest statement, this would be fine. The part that is getting me, is that the email from Amazon said I had 7 days. Anyone else?

Porsche032 · #92 05-09-2023

Quote:

Originally Posted by alekov

Quick question for those getting creative with bank statements - I noticed many people talking in regards to address change to match. Why not simply go to your profile info on your bank account and change the address to the matching account entity address? Most banks are super simple as far as address change and you can put whatever you want on there. Previous statements unfortunately will still show the old address on file, but if you wait a few days for the new monthly statement to come available for download, it will have the new address you entered that is matching your account address?

I just did on Chase and it went through fine. The only thing I can't change is the name instead of mine to show the name of the LLC. I tried everything lol, even adding additional account owner and used the LLC name - it didn't go through.

So I guess I will just download the May .pdf statement with the correct address when it's available and I'll simply change my name to the LLC on file and see if it goes through?

What was the original bank account when the account was created? Payoneer?

timbo · #93 05-09-2023

Quote:

Originally Posted by Porsche032

What was the original bank account when the account was created? Payoneer?

Edit: Replied to wrong post. Apologies

VerificationSeller · #94 05-09-2023

Quote:

Originally Posted by Porsche032

From what I read online the IRS is forcing all marketplace sellers with LLCs to use their personal SSN instead. Check this article

https://www.valueaddedresource.net/a...count-id-info/

All these verifications are because of this INFORM act that they passed.

OKay, I am nit from US, but I own a single member LLC and I used LLC's EIN.
I don't have SSN just because I am not US citizen. So, there is no way to operate SM LLC for foreign persons, only way to run a Corp?

alekov · #95 05-10-2023

Quote:

Originally Posted by Porsche032

What was the original bank account when the account was created? Payoneer?

No I never use Payoneer. Only use large Banks with my own info (mismatched). I believe this account was setup as Chase personal checking from the get go. Now I just changed the address from my home address to the LLC address that's on file with Amazon. So the only thing I need to edit is LLC name instead of my name on it. Hm, I just have to look at what the statement says, maybe it says "Personal" instead of "Business" somewhere, so I might have to change that as well?

**SaiJin** · #96 05-10-2023

Quote:

Originally Posted by alekov

No I never use Payoneer. Only use large Banks with my own info (mismatched). I believe this account was setup as Chase personal checking from the get go. Now I just changed the address from my home address to the LLC address that's on file with Amazon. So the only thing I need to edit is LLC name instead of my name on it. Hm, I just have to look at what the statement says, maybe it says "Personal" instead of "Business" somewhere, so I might have to change that as well?

Good! Large banks are the way to go.

If the account is personal it'll ask for personal info and vice versa.

hhh1504 · #97 05-10-2023

Quote:

Originally Posted by Porsche032

Did they immediately link them? or after you were successfully verified? I've successfully verified 3 Chase accounts

How long did it take to get your account verified after submitting the bank statement?

Porsche032 · #98 05-11-2023

Quote:

Originally Posted by hhh1504

How long did it take to get your account verified after submitting the bank statement?

24-48 hours

**SaiJin** · #99 05-11-2023

Quote:

Originally Posted by hhh1504

How long did it take to get your account verified after submitting the bank statement?

on average a day .

alekov · #**100** 05-11-2023

What happens if we fail verification process? Do they suspend the account? Keep our FBA inventory and cash?

Also are they asking for the Social Security/EIN of the Business Entity/Owner currently on the account? One of my stealth accounts just has a person's name and I don't have anything on them - no social, no EIN, no ID, nothing! And the Seller that sold it to me here on Aspkin is no longer around and doesn't respond to messages.

hhh1504 · #**101** 05-11-2023

Quote:

Originally Posted by alekov

What happens if we fail verification process? Do they suspend the account? Keep our FBA inventory and cash?

Also are they asking for the Social Security/EIN of the Business Entity/Owner currently on the account? One of my stealth accounts just has a person's name and I don't have anything on them - no social, no EIN, no ID, nothing! And the Seller that sold it to me here on Aspkin is no longer around and doesn't respond to messages.

From what I have read, there are two different types of verification. One is just a bank account verification, the second is a video verification.

alekov · #**102** 05-11-2023

Here is a link to a good article with Sellers complaining regarding the issues they are having with the Bank Verification:

https://www.valueaddedresource.net/a...count-id-info/

Sounds to me like the name and address on the bank statement must be EXACT match to the registered entity you entered on Amazon Seller Central. So if it's a person's name, it has to be on the statement, if it's an LLC, that's what needs to be on there or it won't pass.

hhh1504 · #**103** 05-11-2023

Quote:

Originally Posted by alekov

Here is a link to a good article with Sellers complaining regarding the issues they are having with the Bank Verification:

https://www.valueaddedresource.net/a...count-id-info/

Sounds to me like the name and address on the bank statement must be EXACT match to the registered entity you entered on Amazon Seller Central. So if it's a person's name, it has to be on the statement, if it's an LLC, that's what needs to be on there or it won't pass.

Thanks. Have you submitted your verification yet?

timbo · #**104** 05-12-2023

Recap and Update:

- Wells Fargo
- Mismatched name and receiving funds for 2 years NP
- Amazon asked for statement with point of contact name (NOT legal entity, biz name, etc)
- Got creative with bank statement, changed name, address
- Cleaned pdf metadata and uploaded
- Approved within 24 hours.

**SaiJin** · #**105** 05-12-2023

Quote:

Originally Posted by alekov

Here is a link to a good article with Sellers complaining regarding the issues they are having with the Bank Verification:

https://www.valueaddedresource.net/a...count-id-info/

Sounds to me like the name and address on the bank statement must be EXACT match to the registered entity you entered on Amazon Seller Central. So if it's a person's name, it has to be on the statement, if it's an LLC, that's what needs to be on there or it won't pass.

Nope you don't have to have the bank name registerested to get it to pass

Kingcookie · #**106** 05-12-2023

Had anyone tried changing their bank?

I changed my bank, they emailed me saying mandatory security hold for 3 days funds will be held email they send everyone when bank changes

It’s been 5 days and hold not removed, is this normal? Or are we not allowed to change banks or something

atrulz10 · #**107** 05-15-2023

has anyone book successful with changing details on a UK bank account for an Amazon US pro seller account

alekov · #**108** 05-15-2023

Quote:

Originally Posted by SaiJin

Nope you don't have to have the bank name registerested to get it to pass

What do you mean? The name could be mismatched and still passes? I think everyone seems to be saying that you need to get creative and ensure that name and address on bank statement matches the one listed in your Amazon account?

**SaiJin** · #**109** 05-15-2023

Quote:

Originally Posted by Kingcookie

Had anyone tried changing their bank?

I changed my bank, they emailed me saying mandatory security hold for 3 days funds will be held email they send everyone when bank changes

It’s been 5 days and hold not removed, is this normal? Or are we not allowed to change banks or something

it's usually 3-5 days. Sometimes earlier.

**SaiJin** · #**110** 05-15-2023

Quote:

Originally Posted by alekov

What do you mean? The name could be mismatched and still passes? I think everyone seems to be saying that you need to get creative and ensure that name and address on bank statement matches the one listed in your Amazon account?

Yep, My bank is name A, my accounts are named B, C, D....

Mismatched bank name don't matter