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20 bank accounts for 20 accounts?
 

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?

Re: 20 bank accounts for 20 accounts?
 

Yep.
I have 35 bank account myself spread among 7 banks. Opened over time its not a problem.

Re: 20 bank accounts for 20 accounts?
 

I'd suggest not telling bankers you have accounts at other banks... And not to send money from one bank to another. I'd withdraw the cash and deposit.

Re: 20 bank accounts for 20 accounts?
 

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.

Re: 20 bank accounts for 20 accounts?
 

Or use the balance to pay one big fat credit card bill electronically.

Re: 20 bank accounts for 20 accounts?
 

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?

Re: 20 bank accounts for 20 accounts?
 

Ein is free to get. Make one a day for a month online and have them ready to go. Can only make one a day.

Re: 20 bank accounts for 20 accounts?
 

Doesn't the EIN need to be for an existing business though? Who or what are the EINs being assigned to?

Re: 20 bank accounts for 20 accounts?
 

You open the ein's with your real ssn on the IRS website

Re: 20 bank accounts for 20 accounts?
 

So an individual can conceivably have innumerable EINs assigned to them?

Yes. Getting an ein should be 0% of your concern when operating stealth. Takes 1 minute online haha

Re: 20 bank accounts for 20 accounts?
 

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?

Re: 20 bank accounts for 20 accounts?
 

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?

Is this just for personal or for business only?

Re: 20 bank accounts for 20 accounts?
 

PNC for one. Personal. They give you a 3-for, one checking two savings. Each one has it's own number.

Re: 20 bank accounts for 20 accounts?
 

I never use more than 4 Accounts total at one Bank and I'm always sure to get an even balance of 2 Checking and 2 Savings.

I never close an account until it's been opened for a while and I love using Banks that don't use ChexSystems so I don't leave a trail.

Re: 20 bank accounts for 20 accounts?
 

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?

Re: 20 bank accounts for 20 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.

Re: 20 bank accounts for 20 accounts?
 

+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

Re: 20 bank accounts for 20 accounts?
 

how many checking/savings accounts are you allowed w/ pnc?

Re: 20 bank accounts for 20 accounts?
 

what banks do you recommend?

Re: 20 bank accounts for 20 accounts?
 

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.

Re: 20 bank accounts for 20 accounts?
 

When you open a portfolio, you get one chequing, one growth (savings), and one reserve (savings as well) - very nice for stealth

Re: 20 bank accounts for 20 accounts?
 

First time I hear this. Always used a visa gift card instead.

Is this possible? Anyone?

Re: 20 bank accounts for 20 accounts?
 

Yes.

In the UK its quite easy to open a bank account (over a period of time) with, say, 5 banks and then have 4 or 5 savings accounts at a time with each bank. Can easily have 25 bank accounts at a time.

Re: 20 bank accounts for 20 accounts?
 

So you guys with 10+ bank accounts and/or accounts w/ different banks - do you funnel into one main account or do you leave the cash spread out? I'm not sure if I want to look like I'm doing laundry or if I want to have to keep my banking straight or not sure if banks even care.

Re: 20 bank accounts for 20 accounts?
 

Mate, they would record the color and consistency of your stools if only they could. Probably someone at facebook is already thinking on an engaging way to do it as we speak.




Have you ever seen your credit report? Aren't all your banks and all your accounts there?



ChexSystems... Great. Another domestic spy agency. Why isn't there a ChexSystems where we can see which when and how companies are nosey, or leakey, or sneaky?

Re: 20 bank accounts for 20 accounts?
 

In the USA bank accounts have nothing to do with your credit report. We are not socialist UK.

Check Systems is actually a really easy negative balance/bouced check monitoring kinda like a credit system for checking accounts. IF you have a problem, you pay your debt and instantly, it is cleared. Really no big deal. Also, MANY banks and credit unions dont use CheckSystems but they also wont cover overdraft and offer less services.

Re: 20 bank accounts for 20 accounts?
 

Ok, less bad.

But here we don't associate these kind of activities with a socialist government. (Good) socialists put individual citizens on the same footing as moneyed organisations. I don't see what example you usually associate with socialist but we tend to call these fascist.