Re: 'Unlimited stealth accounts' = A Myth? Quote:
Originally Posted by Lucarious30 Even if this case though, is it not worrying that you will only have 5 chances before having to shift elsewhere? | There are 6,799 banks and 5,757 credit unions in the USA for us to choose from and 99% of them work for stealth accounts. 12,556 x 5 = 62,780 stealth account withdrawal options.
So to specifically answer your question here, no, it's really not worrying at all. Most financial institutions in the US will let you open as many checking/savings accounts as you want, because more open accounts looks better on their balance sheets. In the worst case, if a bank does get tired of your stealth activity and decides to close your account, that's not a big deal in the US. It doesn't negatively impact you in any way unless you leave the bank with a negative balance. We can simply walk out of the bank, walk to the next bank or CU on main street in any given US town, and start the process over again. My understanding is your credit score gets impacted in the UK if a bank closes your account - but that doesn't happen here.
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