Adyen how now asked for a bank statement

[Lucynda]

A lot of people have asked if the business account will be necessary and to be honest I didn't know. This verification does not seem to involve anything from eBay or Ayden. According to the rep its a federally mandated kind of thing they are having to do now once you hit a certain threshold so if you're going to be keeping the account under 20k this may never be an issue for you. This particular account will be well over that. I got details for what they are looking for and this would honestly be easier for people to provide if they just open up an LLC and get a business account.

On the statement, they want to see
The Bank name
The Bank Logo
4 digits of the account number
The business name on the account

An address was not mentioned, but changing an address on an account is not an issue. You just walk into the bank and ask them to change it if you can't get a statement without an address.

[yankee]

Bank statements are no big deal at all.

The address is easiest, you can do it right from your phone.... Just dont do it with credit cards. That can mess up your credit report.

[agent006140]

they could also ask for retail license.
having company name on your check may not be a problem,as the print shop will print whatever you give them.

[Lucynda]

Retail licenses aren't required in my state unless I have a physical location in a commercial area. Arkansas is pretty flexible about what they refer to as noninvasive businesses. never thought of using a print shop for that.

[agent006140]

when you order checks,they let you decide what to print on the check?

[Lucynda]

Originally Posted by agent006140

when you order checks, they let you decide what to print on the check?

I haven't used paper checks in years. I went down to the bank, told the teller what I needed and she printed out a letter on bank letterhead and she signed it. It could be easily ⊗⊗⊗⊗d even though it's actually legit but its got everything they asked for on it so hopefully, they will accept it. They also said they would have accepted a canceled check on the account too. Something to keep in mind I guess.

[phaz0rz]

Originally Posted by Lucynda

I haven't used paper checks in years. I went down to the bank, told the teller what I needed and she printed out a letter on bank letterhead and she signed it. It could be easily ⊗⊗⊗⊗d even though it's actually legit but its got everything they asked for on it so hopefully, they will accept it. They also said they would have accepted a canceled check on the account too. Something to keep in mind I guess.

I'm curious why you went that route instead of sending an actual account statement?

That wouldn't have been a problem since you have your transfers going to a business checking account matching your eBay LLC name, right?

[agent006140]

actual statement would have her real name and address

[Lucynda]

I just told the teller what I needed and that was what she gave me. It has everything on it they requested.

[Leader2dark]

So they just asked for this info out of nowhere? WTF is the point if they already verified the account?

[Lucynda]

Originally Posted by Leader2dark

So they just asked for this info out of nowhere? WTF is the point if they already verified the account?

I know, it's ridiculous. yeah, they just asked out of nowhere after depositing money into it for a couple of weeks now. But not as ridiculous as PayPal has gotten.

They did not accept the printed letter from the teller though and are asking me for more information. I guess i will be going back to the bank tomorrow.

[ebaystealth1974]

Has it been a great deal of money, or are you still taking it slow?

[Lucynda]

This is an existing account. Its 2 years old. They invited me to join and after the paypal was restricted for reasons that were never stated I decided to give it a shot. The letter the bank teller gave me could have been easily ⊗⊗⊗⊗d so i think that might be the issue.

[Lucynda]

On another note, we now know they aren't trying to verify anything with an actual bank because if they had they would have seen that the information was legit.

[phaz0rz]

Originally Posted by agent006140

actual statement would have her real name and address

No they wouldn't.

[phaz0rz]

I just double checked. Business checking account statement only has the LLC name it was created with.

If I were you I'd go into online banking, screenshot a recent statement, and submit it.

[Lucynda]

7

Originally Posted by phaz0rz

No they wouldn't.

I think it has my address, but will have my business name on it. I will have the address changed before I have them print it out though. I have online banking on my phone but it doesn't let me screenshot it. Getting it on my computer it a pain in the butt. Ironic that's its easier to set it up on a device that could be easily lost or stolen. I appreciate the offer though.

[phaz0rz]

Banks can be iffy about changing the address on your account. The last time I changed my address at WF they sent a test letter to the new address to make sure I really lived there before they made the change official on my account.

If things don't work out in your favor at the bank you could go through the hassle of opening online banking on a computer, then edit the part of the e-statement with Foxit PDF editor or a HTML editor (depending on what format your e-statement is) that has the wrong address. Just throwing that out there. Good luck!

[phaz0rz]

Case in point:



I just made myself Aspkin's holding corp in Beverly Hills in 2 minutes.

[Leader2dark]

Originally Posted by Lucynda

I know, it's ridiculous. yeah, they just asked out of nowhere after depositing money into it for a couple of weeks now. But not as ridiculous as PayPal has gotten.

They did not accept the printed letter from the teller though and are asking me for more information. I guess i will be going back to the bank tomorrow.

Why did they not accept the bank info you got from the teller? This Adyen is starting to sound like a nightmare.

[phaz0rz]

Originally Posted by Leader2dark

Why did they not accept the bank info you got from the teller? This Adyen is starting to sound like a nightmare.

They specifically asked for a bank statement and Lucynda provided something different that would have been harder to get. I wouldn't have accepted it either.

[Lucynda]

Originally Posted by phaz0rz

They specifically asked for a bank statement and Lucynda provided something different that would have been harder to get. I wouldn't have accepted it either.

The computer asked for a bank statement. The rep I spoke to told me I could send them something with the bank logo on it providing the info I wanted. Clearly, the rep was misinformed.