Which Bank To Use.??

[LisaG]

Hi all, im new on here so please go easy.:😆 just wondering which bank accounts some of you are using now we have to switch from PayPal to a bank account.?
Been looking for a basic online account don't want to use my Barclays current account. Ive been looking at reviews for Starling bank and Monzo. Anyone know if these are ok to use. Or if any one has any other suggestions, ive got 2 ebay accounts so need to get them charged soon as i keep getting the medsage on my selling page. Thanks guys. 😁👍

[Pandoras_box]

eBay says you have to add a business bank account, but members here have done fine using personal accounts.

If you've got the MP invite, then go for it.

Any bank is fine really if your accounts aren't stealth. Just be aware that banks want you to use a business account for business activities, but most will overlook it depending on your transactions' volume.

I would advise you to use a business account for Managed Payment and make sure it matches your business name on eBay even if you use a T/A name.
If you have trouble opening a business account in a brick and mortar bank, you may use an EMI. Starling is in profit, Monzo in losses so if it comes down to both, use Starling.


Welcome to the forum.

[LisaG]

Thank you very much for the information. Oh its all a bit mind boggling. 😜😜

[slokor]

Welcome to the forum friend.

[rsot]

Welcome to the forum - all the best as you master stealth

https://youtu.be/TLcuTISVs3s