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Australia eBay & Paypal General discussions about eBay.com.au Suspensions and Paypal.com.au limited accounts. This forum is geared towards AU.

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Old 10-29-2008
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Default Aus Bank account for PP

I need to apply a new bank accout for verifying PP account. I have already registered with EntroPay. Just need an OZ bank account.

Any recommendation for OZ bank?

Thanks
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So long as you have 100 points of ID, then any bank that accepts Direct Debit will be OK. You may want to pick a bank depending on which state you live.
I use Bendigo most happily because of business reasons.
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Thanks GreenBean. I find ANZ has a basic account with only $2 monthly fee... Seems not bad~
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Be careful which account you use. ANZ has more than one basic type.
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Is it possible to link an online saving account to paypal,such as ING max ,NAB online saving? which is only allow to make deposit but paypal cannot withdraw any money from the bank.

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So long as you have 100 points of ID, then any bank that accepts Direct Debit will be OK. You may want to pick a bank depending on which state you live.
I use Bendigo most happily because of business reasons.
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i dont think an online saving account like ING would work.
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I was wondering the same. Has anyone actually tried it out before?
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I use Suncorp, you have to open one account at a branch and then you can logon to your internet banking and open and close as many account as you like and they get approved within 2 days (even weekends in my experience). The fee is $3 a month or you can get the e-options account which is free and has 5% interest PA.
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Originally Posted by jamesmct View Post
I use Suncorp, you have to open one account at a branch and then you can logon to your internet banking and open and close as many account as you like and they get approved within 2 days (even weekends in my experience). The fee is $3 a month or you can get the e-options account which is free and has 5% interest PA.
Thanks James, very helpful. You can open 11 accounts within 2 days. You can have 9 sub accounts linked to your main account plus an e-account.

Does anybody know anywhere else that offers a similar service of being able to open and close multiple accounts with this much ease?
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Old 10-28-2009
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hi there, I think every bank offer the same service. In commonwealth< I can open as many account as I want online and then close it. The problem is, sometimes they ask/try to investigate you when you try to close it.

How the suncorp bank closing account process? DO we need to call suncorp or go tho the branch to close it?

Can we go online and choose option to shut it down?
Thanks
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Quote:
Originally Posted by skyichigo View Post
hi there, I think every bank offer the same service. In commonwealth< I can open as many account as I want online and then close it. The problem is, sometimes they ask/try to investigate you when you try to close it.

How the suncorp bank closing account process? DO we need to call suncorp or go tho the branch to close it?

Can we go online and choose option to shut it down?
Thanks
No, none of the major banks offer this. I've found a couplke of other banks that do a similar thing though. With Suncorp you can open 10 accounts with one application. To open 10 accounts at the commonwealth you would need almost 10 applications.

You have to go into the branch to close the accounts but its a simple, hassle free process. You can't close them online, unfortunately
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Old 11-02-2009
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hi empty, i know this is strange, but what you told them when you want to close your account, especially if every week I need to go there and close 5 accounts.

I am sure that they are going to keep eyes on me..and ask me lot of strange questions.
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They rarely ask why, just say you no longer need them. If you are going to close 5 a week you may want to use various branches, so you don't keep running into the same tellers.
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If you are closing 5 accounts a week, then you are not using paypal correctly. Work out what to do instead of opening/closing bank accounts.
Your name will be on record & one fine day you will get asked wth you are doing
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Quote:
Originally Posted by skyichigo View Post
hi empty, i know this is strange, but what you told them when you want to close your account, especially if every week I need to go there and close 5 accounts.

I am sure that they are going to keep eyes on me..and ask me lot of strange questions.
There's no need to keep closing accounts if you have some verified Paypal accounts.
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gosh that's a burn rate of 260 paypal accounts a year..... whatcha doing with them all....

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