Forum

Limitation & Bank problems together
 

I woke up the morning to find my business account limited...what else is new?

But there was a different message " we noticed unusual activity involving the bank accounts"

This account has been opened about 3 months, took in around $1000.00 in four payments, had one dispute and refunded, canceled the transaction. Withdrew $125 went through fine, tried to withdraw another $100 limited instantly...

SO I got fed up and I emailed the big guy.. He actually wrote me back! I was surprised.. but he apologized for the trouble and said he fowarded my complaints to his executive office.. Im think yeah right, Ill never hear from them... Within an hour I got an email from them explaining everything in detail.. she said she had searched for my website and or brick and mortor business and was unable to find anything .. and also told me exactly what I needed to send to them in detail to take care of all this. Then she called me on the phone and assured me that everything would be taken care of today.

So I sent everything and im still waiting to hear.

But the fishy part is I tried to log into my bank online and all my accounts have been closed ... so I called the bank, they said that someone had reported me to chexsystems and with that on my file I couldnt have an account with their bank... Im trying to figure out who reported me to Chexsystems being that I have NO bad accounts out there... Possible that I was reported for having to many?

Its just really strange though that my PP goes down due to suspicious bank activity and then all my accounts are gone in the same day...

what bank do you use?

Emigrant Direct

You had the same name on your bank account and PayPal? Hopefully..

If you tried to withdraw, the names were different this could be a problem and could have caused the limitation, and closed bank account.

Online banks want matching or similar names for deposits.

I thought many people mentioned that paypal CAN'T see the name on the Bank account so It wouldn't matter if paypal and bank name are different. Has things changed now?

They can't.. but some 'ONLINE' banks can see your PayPal name, the name attached to your deposits, and if it mismatches they reject the payment, this lets PayPal know there are issues with your Bank, and they'll limit your account.

With online banks its good to use a similar name for both PayPal and your bank account.

For example if you name was bob Marley.. use Robert Marley on PayPal, or Bobby.

I'm sure most banks see the name deposits come in with.. but it seems online banks are strict to only accept same name deposits or similar names.

The names were totally different... I have had over 15 accounts at the same time with Emigrant , all linked to stealth PP accounts and this is the first time anything happened... Perhaps they checked the name on the deposit when reviewing my accounts...