does desjardins accept $ from stealth paypal account?

postmodern · #1 02-09-2011

hi!
i am thinking of opening a desjardins bank account (its right next to my house).. do they accept money transfers from stealth name paypal accounts?

thanks fellow canadians!

sonba · #2 02-09-2011

tried it twice, both times PP deposits was rejected, even if the 2nd time, PP name was same as desjardins account.
there are plenty other canadian banks who do the work, and over all you can apply for an account online (TD Canada trust, RBC,BMO, Scotia and ING)
ING needs to have names matching.
With all these banks you can open sub-accounts online too.

rsot · #3 02-09-2011

Whoa whoa - I use desjardins all the time - they are good =)

US account with desjardins won't work but chequing and savings do $.

Other banks work well too but sonba, can you elaborate on making sub-account? Seems like everytime you open an account with TD or CIBC online they NEED to check your credit history + SIN (on file) - this is not a sub-account at all since all these soft-checks DO appear on credit history....care to clarify?

sonba · #4 02-09-2011

Rsot,
When you open an account online with TD, RBC (As a NEW Custumer), or Scotia, they do need to check your credit history. but once the account is opened, you can open other saving or checking accounts online (Instant acceptance).

I have 5 accounts with RBC, 3 With ING direct and 4 with TD canada trust. When I talked to RBC representant about having multiple accounts, she told me that it's ok, as long as they're active and not getting with negative balance (Unpaid monthly fees, unpaid checks etc).

sonba · #5 02-09-2011

Rsot,
When you open an account online with TD, RBC (As a NEW Custumer), or Scotia, they do need to check your credit history. but once the account is opened, you can open other saving or checking accounts online (Instant acceptance).

I have 5 accounts with RBC, 3 With ING direct and 4 with TD canada trust. When I talked to RBC representant about having multiple accounts, she told me that it's ok, as long as they're active and not getting with negative balance (Unpaid monthly fees, unpaid checks etc).

rsot · #6 02-09-2011

I understand that it's instant opening sonba - yes just did with my CI BC but I think that each time you open the account online, you auto-consent to a soft check on your credit history.

When was the last time you looked at your credit history? I just pulled mine and, fair enough, the soft check is there. Does not affect your credit history at all but I am just saying that the record will show.

Edit: On a side note, had to go to CI BC during lunch time and the front desk rep had no idea about making account online and was trying to book me to take a meeting and open up another account in house. Ha ignorance.

sonba · #7 02-09-2011

Yes, there is no doubt about it. Every time you open an account, it's reported to the credit history.

I shared the point of openeing accounts online to the OP inorder to avoid him the pain of to a branch... Both ways give the same results, but I prefer doing this online from my sofa comfort :P

rsot · #8 02-09-2011

Yes I hear that ha.

As for the OP's problem, you have to report the Desjardins checking or savings number as the one written on your cheque - not the the numbers that come up on your statement. The cheque-written number is usually longer.

postmodern · #9 02-09-2011

Quote:

Originally Posted by rsot

Whoa whoa - I use desjardins all the time - they are good =)

US account with desjardins won't work but chequing and savings do $.

Other banks work well too but sonba, can you elaborate on making sub-account? Seems like everytime you open an account with TD or CIBC online they NEED to check your credit history + SIN (on file) - this is not a sub-account at all since all these soft-checks DO appear on credit history....care to clarify?

thanks rsot for the info. I don't plan on opening a us account, just a regular chequing.. thing is i have a stealth name in paypal.. so i want to make sure that desjardins will accept the payment..
btw i was checking the desjardins website's faq... this is what they say about paypal.. i dont know what the hell they are talking about..

"Q. How do I link my Paypal account to my Desjardins caisse account?
A. First of all we must inform you that Desjardins does not support the Paypal service.
We know, however, that the problem most frequently encountered by new Paypal users is that they haven't entered their entire folio number. Be sure to enter a 7-digit number that includes the check digit (located in the lower right portion of your cheques)."

rsot · #10 02-09-2011

They are saying what I said - you need to use the full chequing account numbers on the bottom of your cheque - not the six digit account given on your statement. The accounts work for Paypal - I have used 2 in the past.

postmodern · #11 02-09-2011

Quote:

Originally Posted by rsot

They are saying what I said - you need to use the full chequing account numbers on the bottom of your cheque - not the six digit account given on your statement. The accounts work for Paypal - I have used 2 in the past.

ok wait a sec-
paypal asks for:

bank name
institution number
transit number
account number

what do i put exactly in the account number? i don't usually order cheques. :S

rsot · #12 02-15-2011

You need the full account number that was printed on your application for bank account acceptance sheet that Des jar dins gives to you when you open account. They usually give you a few free cheques also...