I have a question for people who have more than 10 ebay accounts ,how do you manage to withdraw money from paypal .do you guys have 10+ bank accounts for every ebay account?
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For that many bank accounts, are they connected to stealth Paypal accounts? I thought Paypal required a SSN or EIN once the 200/$20,000 treshhold is fulfilled. So what is done about that?
Don't you still need a unique mailing address for each Paypal account? I imagine you would start by using a stealth Paypal account and legitimize it by converting it into a business account with EIN?
Sometimes you can open several savings under a checking, or sub-accounts. If you have 3-4 per bank opened over time it's not a problem.
I keep seeing this but have never come across it with any of the main banks I've worked with in my area (BOA WF TD etc). Which banks do this?
When you're at the branch submitting paperwork for this type of setup, are you officially only opening one account? And the 'sub-accounts' that come along are standard sub-accounts each with their own account #s?
ChexSystems, what banks don't use this and how does it effect me if they do?
Also what banks are the best for sub accounts?
For example, Huntington. You can open sub-accounts but I thought it is not safe to use them for a stealth eb account if the main account is linked to a different eb account. I guess, I was wrong.
+1 for PNC Virtual Wallet. You immediately get 3 accounts and it takes minutes to setup online. I believe they also don't charge to use their debit card at any ATM
You would only need 10 accts for 20 paypals, 10 checking accts and 10 debit cards attached to those, debit cards have a different number than the attached checking acct. I have 4 paypals attached to 2 checking accts and 2 debit cards.