Bank Problem

[lymbo70]

Hello,
Last year I tried to withdraw a large amount from my capital one bank branch which also receives my ebay deposits.
The manger was called and he saw an LLC name on the ebay deposits and actually froze my entire account!
I removed that bank account that same time. But now I have an emergency where I need to re-attach the same bank account for right now.
Does capital One still work with MP/mismatch names?

[lymbo70]

Anyone can reply or advise

[agent006140]

did you go to the branch or do it online?
What is the reason manager give you for closing your account?
does' freezing your account = closing your account?
Did you manage to withdraw your large sum from the frozen account?

I dont blame the manager,a personal account with incoming deposits totalling $200k,are you out of your mind?
For Christ sake,get a business account

see with paypal,you can have 5 email addresses so one for each seller account,but the money all go to one Paypal account and then you transfer them to the bank account,all you need is t o have your main paypal account name = bank account,no problem
But Ebay ditches Paypal

worse,the money going into his personal bank account are coming from many sources,some LLC ,some stealth names,thats why the manager combed thru the list with a magnifying glass,and close the account.
See,if Ebay still uses Paypal,you collect all these payments with your paypal account and you transfer one big lump sum to your personal banking account,all they see is one big sum from your Paypal account.
You can also transfer 30K one day,20K another,so on and so forth until it reaches 200K

Check with your bank,commercial checking account may have some requirements,there could be a monthly fee,and they could ask you for some documents in regard to your business

[mrsalexia]

yes it will work

[lymbo70]

I was personally in the real branch and asked to withdraw around 200K. The manager was called and he went over the entire account with a magnifying glass and saw mismatched names and LLC going into my personal checking.
He froze the account and I had to spend the rest of the day on the phone with high security department who miraculously released the account but warned me about not repeating this.
This happened last year.

Originally Posted by agent006140

did you go to the branch or do it online?
What is the reason manager give you for closing your account?
does' freezing your account = closing your account?
Did you manage to withdraw your large sum from the frozen account?

[rsot]

Originally Posted by lymbo70

I was personally in the real branch and asked to withdraw around 200K. The manager was called and he went over the entire account with a magnifying glass and saw mismatched names and LLC going into my personal checking.
He froze the account and I had to spend the rest of the day on the phone with high security department who miraculously released the account but warned me about not repeating this.
This happened last year.

agent is right about the amount of money going into your personal account...for this volume you need the business account

[lymbo70]

But will a new business account accept a mismatch names along with matching LLC deposits?

[rsot]

Originally Posted by lymbo70

But will a new business account accept a mismatch names along with matching LLC deposits?

Many banks with business accounts will accept mismatch definitely - and higher amounts are welcomed...only caveat is business accounts tend to have higher fee structure in place depending on bank