Multiple stealth / multiple bank account question - eBay Suspended & PayPal Limited Forums
eBay Suspension & PayPal Limited Forums  
Join Today
Register Subscribe
     

Registration is fast, simple and absolutely free so please, join our community today!


Go Back   Home > Stealth Topics > Bank Accounts

Bank Accounts General discussions on bank accounts, withdrawing funds, virtual bank accounts (VBAs) and more.

Reply
 
Thread Tools
  #1  
Old 12-01-2017
Junior Member
 
Join Date: Oct 2017
Posts: 120
Thanks: 44
Thanked 29 Times in 19 Posts
Activity: 0%
Longevity: 39%
iTrader: (0)
Default Multiple stealth / multiple bank account question

I have my first stealth eBay and PayPal up and going good, and contemplating getting a few others (5-10).

Question - if I had 5 stealth PayPal, does that mean I would need 5 separate bank accounts (1 for each)?

And if so, does that mean some of you veterans on here who have dozens of stealth PP have dozens of bank accounts (1 for each)?

Thanks in advance!
Reply With Quote
The complete step-by-step guide to get back to selling today!

  #2  
Old 12-01-2017
Senior Member
 
Join Date: Sep 2017
Posts: 3,205
Thanks: 955
Thanked 779 Times in 596 Posts
Activity: 0%
Longevity: 40%
iTrader: (0)
Default Re: Multiple stealth / multiple bank account question

1 bank account per PP account.
Reply With Quote
  #3  
Old 12-01-2017
Junior Member
Threadstarter  
 
Join Date: Oct 2017
Posts: 120
Thanks: 44
Thanked 29 Times in 19 Posts
Activity: 0%
Longevity: 39%
iTrader: (0)
Default Re: Multiple stealth / multiple bank account question

Thanks for the quick response 1974!

I kind of thought maybe that was the rule of thumb - but for someone who has 20+ stealth, wouldn't getting 20+ bank account seem strange from the banking establishments?
Reply With Quote
The Following User Says Thank You to ernest2449 For This Useful Post:
Lucynda (12-01-2017)
  #4  
Old 12-01-2017
phaz0rz's Avatar
Executive [VIP]
 
Join Date: Nov 2015
Posts: 10,840
Thanks: 2,084
Thanked 4,025 Times in 3,012 Posts
Activity: 0%
Longevity: 50%
iTrader: (2)
Send a message via ICQ to phaz0rz Send a message via AIM to phaz0rz Send a message via Yahoo to phaz0rz
Default Re: Multiple stealth / multiple bank account question

Banks want your business. One of any bank's main goals is to get more people to open accounts. As long as you don't have a bad credit report or Chexsystems report (you can get annual copies of both for free) most banks/credit unions are happy to let you open account(s), providing you have an opening deposit.

In my opinion the best setup for multiple PP's is to have multiple accounts at multiple institutions. Go out and open one checking and one savings account at Wells Fargo (or any other bank). Then next week request a 2nd checking and/or savings account for your "significant other" to use (doubtful they'll ask, but that's a good reason if they do). Then, in a month or two, go to another bank or credit union and repeat the process.

You can also mix in business accounts if you have a registered business.
__________________
____________
_______
___
Reply With Quote
The Following User Says Thank You to phaz0rz For This Useful Post:
ernest2449 (12-01-2017)
  #5  
Old 12-01-2017
MM78's Avatar
Executive [VIP]
 
Join Date: Sep 2010
Posts: 14,297
Thanks: 1,110
Thanked 4,934 Times in 3,399 Posts
Activity: 0%
Longevity: 79%
iTrader: (4)
Default Re: Multiple stealth / multiple bank account question

Quote:
Originally Posted by ernest2449 View Post
Thanks for the quick response 1974!

I kind of thought maybe that was the rule of thumb - but for someone who has 20+ stealth, wouldn't getting 20+ bank account seem strange from the banking establishments?
Just FYI, you don't have to open all your bank accounts at once, or all at the same bank. Open bank accounts as you go along. People assume that you have to open a ton of bank accounts all at once...no need for that.
Reply With Quote
The Following User Says Thank You to MM78 For This Useful Post:
ernest2449 (12-02-2017)
  #6  
Old 12-02-2017
Junior Member
Threadstarter  
 
Join Date: Oct 2017
Posts: 120
Thanks: 44
Thanked 29 Times in 19 Posts
Activity: 0%
Longevity: 39%
iTrader: (0)
Default Re: Multiple stealth / multiple bank account question

Quote:
Originally Posted by MM78 View Post
Just FYI, you don't have to open all your bank accounts at once, or all at the same bank. Open bank accounts as you go along. People assume that you have to open a ton of bank accounts all at once...no need for that.


Thanks for the follow up MM. And so when/if the day comes an eBay & PP go bad (hopefully never happens) do y'all recommend closing out that bank acct and getting a new one? Or still keep open and get a new one?
Reply With Quote
  #7  
Old 12-02-2017
GreenBean's Avatar
Executive [VIP]
 
Join Date: Sep 2007
Posts: 42,343
Thanks: 5,612
Thanked 9,143 Times in 7,106 Posts
Activity: 0%
Longevity: 96%
iTrader: (6)
Default Re: Multiple stealth / multiple bank account question

Quote:
Originally Posted by ernest2449 View Post
Thanks for the quick response 1974!

I kind of thought maybe that was the rule of thumb - but for someone who has 20+ stealth, wouldn't getting 20+ bank account seem strange from the banking establishments?
info specific for the USA


Why not? If you create over a period of time, if you plan properly, then multiple bank accounts work.

The Big 4 of USA banks often offer a checking account and a savings account.

One bank application but two bank accounts.

I hope you see where I am going.

Going slowly and not opening/closing bank accounts is how you work. You try to never get your activity flagging your Credit score.
Another place of interest is a Credit Union. If you qualify for one, you have wonderful advantages.
Hope this helps.
__________________
REAP WHAT YOU SOW. LIFE IS SO NOT FAIR.

Last edited by GreenBean; 12-02-2017 at 02:35 AM.
Reply With Quote
The Following User Says Thank You to GreenBean For This Useful Post:
ernest2449 (12-02-2017)
  #8  
Old 12-02-2017
rsot's Avatar
Executive [VIP]
 
Join Date: Dec 2009
Posts: 77,592
Thanks: 6,066
Thanked 9,043 Times in 8,332 Posts
Activity: 100%
Longevity: 83%
iTrader: (7)
Default Re: Multiple stealth / multiple bank account question

Quote:
Originally Posted by ernest2449 View Post
Thanks for the follow up MM. And so when/if the day comes an eBay & PP go bad (hopefully never happens) do y'all recommend closing out that bank acct and getting a new one? Or still keep open and get a new one?
Can easily close that account - don't need it open unless 1) you are waiting for cash to hit it from PP or 2) you use it for other purposes like direct automatic debit payments
Reply With Quote
  #9  
Old 12-02-2017
Junior Member
Threadstarter  
 
Join Date: Oct 2017
Posts: 120
Thanks: 44
Thanked 29 Times in 19 Posts
Activity: 0%
Longevity: 39%
iTrader: (0)
Default Re: Multiple stealth / multiple bank account question

Yes GreenBean USA, and thanks.

Ahhh yes you are correct, each bank acct opening is essentially TWO more stealth opportunities (checking & saving). Didn't think about that aspect. And yes I think I will also keep in mind credit unions.
Reply With Quote
The Following User Says Thank You to ernest2449 For This Useful Post:
GreenBean (12-02-2017)
  #10  
Old 12-02-2017
GreenBean's Avatar
Executive [VIP]
 
Join Date: Sep 2007
Posts: 42,343
Thanks: 5,612
Thanked 9,143 Times in 7,106 Posts
Activity: 0%
Longevity: 96%
iTrader: (6)
Default Re: Multiple stealth / multiple bank account question

Quote:
Originally Posted by ernest2449 View Post
Yes GreenBean USA, and thanks.

Ahhh yes you are correct, each bank acct opening is essentially TWO more stealth opportunities (checking & saving). Didn't think about that aspect. And yes I think I will also keep in mind credit unions.
A pleasure.

For down the track, may I also make this suggestion?

If you have an issue with PayPal or eBay, try to ask here before maybe doing some damage to your account.
Quite often, we can help with a reasonable reply.

Good Luck with this stealth journey.

It is such fun to realise you are getting to beat PayPal/eBay and making money.

__________________
REAP WHAT YOU SOW. LIFE IS SO NOT FAIR.
Reply With Quote
The Following User Says Thank You to GreenBean For This Useful Post:
ernest2449 (12-02-2017)
  #11  
Old 12-02-2017
GreenBean's Avatar
Executive [VIP]
 
Join Date: Sep 2007
Posts: 42,343
Thanks: 5,612
Thanked 9,143 Times in 7,106 Posts
Activity: 0%
Longevity: 96%
iTrader: (6)
Default Re: Multiple stealth / multiple bank account question

Quote:
Originally Posted by ernest2449 View Post
Thanks for the follow up MM. And so when/if the day comes an eBay & PP go bad (hopefully never happens) do y'all recommend closing out that bank acct and getting a new one? Or still keep open and get a new one?
Well this is another part of ‘doing’ stealth.

If you get limited you want the bsnk still attached and open to get your funds out.

Closing it means adding a new bank account. That can be really a lot of trouble.

What can also consider doing, is paying your eBay fees by gift card.

Why? PayPal can never touch your bank account for fees.

__________________
REAP WHAT YOU SOW. LIFE IS SO NOT FAIR.
Reply With Quote
The Following User Says Thank You to GreenBean For This Useful Post:
ernest2449 (12-02-2017)
  #12  
Old 12-02-2017
Junior Member
Threadstarter  
 
Join Date: Oct 2017
Posts: 120
Thanks: 44
Thanked 29 Times in 19 Posts
Activity: 0%
Longevity: 39%
iTrader: (0)
Default Re: Multiple stealth / multiple bank account question

Quote:
Originally Posted by GreenBean View Post
A pleasure.



For down the track, may I also make this suggestion?



If you have an issue with PayPal or eBay, try to ask here before maybe doing some damage to your account.

Quite often, we can help with a reasonable reply.



Good Luck with this stealth journey.



It is such fun to realise you are getting to beat PayPal/eBay and making money.





My friend, I cannot tell you how much you exactly echo my thoughts!

Initially in getting on here, I initially felt like I don't want to be "that guy" who overasks or overposts. Then I thought, (exactly as you are saying), better to ask and have knowledge before than to make a mistake. And that is what I have been doing. And, fingers crossed, has been working beautifully. Haven't had any issues, because I always drop in here first to check with you guys who have been doing this longer than me.

Yes on my initial main 11 yr old eBay acct shutdown a couple months back, thought I was dead in the water - would never make a sale again. But alas, this community exists. A literal life-changer for me. Forever indebted to everyone on here.

Hopefully I will be in the position to pay it forward with knowledge one day
Reply With Quote
The Following User Says Thank You to ernest2449 For This Useful Post:
GreenBean (12-02-2017)
  #13  
Old 12-02-2017
Junior Member
Threadstarter  
 
Join Date: Oct 2017
Posts: 120
Thanks: 44
Thanked 29 Times in 19 Posts
Activity: 0%
Longevity: 39%
iTrader: (0)
Default Re: Multiple stealth / multiple bank account question

Ahhh I see. Hadn't even thought about using gift card for fees. Brilliant. That was actually going to be a question I posed soon enough, before my first billing cycle hits.

I guess the same gift card theory would apply for paying for eBay shipping labels?
Reply With Quote
  #14  
Old 12-02-2017
phaz0rz's Avatar
Executive [VIP]
 
Join Date: Nov 2015
Posts: 10,840
Thanks: 2,084
Thanked 4,025 Times in 3,012 Posts
Activity: 0%
Longevity: 50%
iTrader: (2)
Send a message via ICQ to phaz0rz Send a message via AIM to phaz0rz Send a message via Yahoo to phaz0rz
Default Re: Multiple stealth / multiple bank account question

Quote:
Originally Posted by ernest2449 View Post
Ahhh I see. Hadn't even thought about using gift card for fees. Brilliant. That was actually going to be a question I posed soon enough, before my first billing cycle hits.

I guess the same gift card theory would apply for paying for eBay shipping labels?
Yes. But it's SOOO much easier to just leave enough funds in your Paypal account to cover your shipping costs + selling fees. That way you aren't always having to spend money on new gift cards.
__________________
____________
_______
___
Reply With Quote
  #15  
Old 12-02-2017
Junior Member
Threadstarter  
 
Join Date: Oct 2017
Posts: 120
Thanks: 44
Thanked 29 Times in 19 Posts
Activity: 0%
Longevity: 39%
iTrader: (0)
Default Re: Multiple stealth / multiple bank account question

I see, yes that makes sense.

So is the general consensus (from both those that use PP balance and those that use gift card/prepaid card) that IF you were going to use PP for shipping fees and selling fees to just make sure to always have more than enough funds in your PP balance to cover, in an effort to not let PP dip into your bank acct?

Please folks from both opposing methods weigh in.
Reply With Quote
  #16  
Old 01-18-2018
Junior Member
 
Join Date: Aug 2017
Posts: 8
Thanks: 0
Thanked 2 Times in 1 Post
Activity: 0%
Longevity: 41%
iTrader: (0)
Default Re: Multiple stealth / multiple bank account question

Hi, there was a lot of useful information in this post. Thank to everyone who contributed. I'm currently being super cautious, and only have 1 bank checking attached to 1 stealth pp, but i have several other pp accounts I would like to withdraw from.

I would like some feedback from anyone who had any experience with using the checking account on 1 stealth pp and the savings account on a separate stealth pp under the same bank application/account.

I have a few saving account that is not attached but would like to use them for other stealth pp i currently do not have a real back account attached too.
Reply With Quote
Reply



Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
eBay Stealth multiple accounts question labtek Subscriber Discussions 7 06-16-2014 11:32 AM
Here's a question for multiple stealth accounts...its a good one livelifewild Amazon 3 08-30-2012 05:58 AM
Withdrawing Multiple Stealth Accounts with Bank Account Marahaja Subscriber Discussions 2 04-27-2011 04:19 AM
Using same bank account to withdraw money from multiple PP Stealth accounts? Solutions eBay Discussion! 3 02-09-2011 11:47 AM
Do multiple ebay/ppal a/c's need multiple bank a/c's? lucy Subscriber Discussions 4 04-29-2008 09:15 PM


Aspkin Group

All times are GMT -5. The time now is 04:06 AM.


Stop the guessing games and learn how you can quickly and easily get back on eBay today!
Read the best selling step-by-step eBay Suspension guide eBay Stealth!
Amazon Suspension? Read Amazon Ghost to get back on Amazon!
vBulletin® Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Ad Management by RedTyger
no new posts

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58