Forum

Bank of America
 

Just a quick, can you use any name/mismatch as the payee on BOA

Thanks

Re: Bank of America
 

Yes, BOA allows mismatched names

Re: Bank of America
 

Can you please clarify when you say BOA allows mismatched names ? Does it mean I can give a different name to the marketplace for a bank account number ? Then when the marketplace (Barnes and Noble in this case) makes a direct deposit to the BOA account, BOA will accept the payment even though the account name with BN is different ?

Is this also true for Wells Fargo ?

Thanks.

Re: Bank of America
 

When are you going to BOTHER to change your country flag.

INDIA is your country.

Not USA.

:mad:

Re: Bank of America
 

That is correct. On two of my stealth account I use BOA (saving & checking), both have mismatch name. The PayPal transfer also have the made up name show up in the BOA deposit transaction.

Re: Bank of America
 

I'm currently using two local credit union, BOA, US Banks and Citibank. I heard from someone while browsing the forum that Wells Fargo is more strict about mismatch name so I haven't try them yet. Might try them when I decide to create more stealth.

Re: Bank of America
 

I find it better to put the deposit in the name of the business in case they question it you could show them your EIN letter from IRS

Re: Bank of America
 

I would keep the amounts reasonable. If you start moving $5,000+ per month, they will look at the account more closely.

It is better to say that mismatched names will WORK with BOA. That isn't the same thing as ALLOWING them. If they look closely at the account, it could be closed. It has happened to other members. Having said that, I have had 5 accounts at BOA for about 4 years and I have had no issues.

Re: Bank of America
 

Wells Fargo is not so good. Avoid them.

BoA work provided the accounts are used sensibily.

Making transfers monthly to other banks is not suitable.

:heh:

Re: Bank of America
 

When has Wells Fargo been no good? I opened an account with then a few weeks ago, now it's shot?

Re: Bank of America
 

@glacier922

Please re-read what I said.

The bank is not so good. Customers have had issues with this bank.

Rather than have another thread go off topic, do a quick search for Wells Fargo to catch up on the info.

:mod:

Re: Bank of America
 

@greenie

Ok, sure thing. I could have sworn I read Wells Fargo was all good, so I opened one a couple of weeks ago. Now I see threads from 2011 that says they have problems.:noidea:

I just put in my Wells Fargo acct for the PayPal deposits literally 15 minutes ago. We'll see how it goes. Last bump on this topic for me.

Re: Bank of America
 

here a list I know that will take any name to deposit into a bank account
bofa
union bank
chase
citi bank
us bank

Re: Bank of America
 

You will have no problem with ach mismatched names. The automated clearing house will deposit the funds

Re: Bank of America
 

Good luck - keep the forum posted - Wells Fargo has caused some issues but hopefully it will go through for you without problems.

Re: Bank of America
 

used wellsfargo last week with mismatched.worked without issues.Ive heard as well it sometimes has issues.

Re: Bank of America
 

have had wellsfargo for almost 6 years and no issues. including opening/closing accounts

Re: Bank of America
 

thanks for the list :)