bank accounts on stealth paypal - eBay Suspended & PayPal Limited Forums
eBay Suspension & PayPal Limited Forums  
Join Today
Register Subscribe
     

Registration is fast, simple and absolutely free so please, join our community today!


Go Back   Home > Platform Discussions > PayPal Talk

PayPal Talk PayPal Forums. General issues related to PayPal.

Reply
 
Thread Tools
  #1  
Old 10-17-2016
Junior Member
 
Join Date: Mar 2011
Posts: 18
Thanks: 0
Thanked 0 Times in 0 Posts
Activity: 0%
Longevity: 76%
iTrader: (0)
Send a message via Skype™ to ishwri
Default bank accounts on stealth paypal

I have decided to open many bank accounts for my steath ebay/paypal accounts. My problem is that, I dont want to have WAY too many bank accounts opened, even if they were opened at different times. How many accounts opened at different banks considered TOO many? Ive heard of guys with 25 bank accounts. Would 40 bank accounts raise alarm? would CHEX be alerted?
Reply With Quote
The complete step-by-step guide to get back to selling today!

  #2  
Old 10-17-2016
phaz0rz's Avatar
Executive [VIP]
 
Join Date: Nov 2015
Posts: 10,832
Thanks: 2,076
Thanked 4,022 Times in 3,010 Posts
Activity: 0%
Longevity: 48%
iTrader: (2)
Send a message via ICQ to phaz0rz Send a message via AIM to phaz0rz Send a message via Yahoo to phaz0rz
Default Re: bank accounts on stealth paypal

I have 9 accounts spread between 5 institutions, and it's a struggle. I'm going to Suntrust at some point this week to close my business account with them because I don't need it.

All month I'm running across town trying to get ten swipes on each debit card to avoid account fees. Keep that in mind.
__________________
____________
_______
___
Reply With Quote
  #3  
Old 10-17-2016
rsot's Avatar
Executive [VIP]
 
Join Date: Dec 2009
Posts: 75,843
Thanks: 5,925
Thanked 8,908 Times in 8,201 Posts
Activity: 99%
Longevity: 83%
iTrader: (7)
Default Re: bank accounts on stealth paypal

Quote:
Originally Posted by phaz0rz View Post
All month I'm running across town trying to get ten swipes on each debit card to avoid account fees. Keep that in mind.
Too true about the fees adding up
Reply With Quote
  #4  
Old 10-17-2016
plumsake2's Avatar
Senior Member
 
Join Date: Apr 2013
Posts: 358
Thanks: 120
Thanked 178 Times in 126 Posts
Activity: 0%
Longevity: 64%
iTrader: (14)
Default Re: bank accounts on stealth paypal

"Too many" only really becomes a problem if it's done in rapid succession. There's a huge difference between 40 bank accounts spread across 10 years vs 40 accounts spread across 1 month, for example. You don't want a bank to think your identity has been stolen, which is what opening a ton of bank accounts quickly will look like.

I'm sure you have at least one bank account already opened right? I would look to open another account or two at that same bank. Many banks don't report to chexsystems if you are already a customer and are simply opening a sub account.

If you need a few bank accounts now, and you haven't opened any in a while then you don't really have anything to worry about. Just try to diversify and open them at different banks and don't open 15 or something on the same day.

If you need a few bank accounts now but you have already opened some lately then proceed with caution. Try business bank accounts and/or banks that do not report to chexsystems. There are also plenty of banks that either charges only a small monthly maintenance fee, or do not charge one at all so you shouldn't worry about that too much. I bank well over 10 different institutions and made sure they were banks that fit that bill.
Reply With Quote
  #5  
Old 10-18-2016
phaz0rz's Avatar
Executive [VIP]
 
Join Date: Nov 2015
Posts: 10,832
Thanks: 2,076
Thanked 4,022 Times in 3,010 Posts
Activity: 0%
Longevity: 48%
iTrader: (2)
Send a message via ICQ to phaz0rz Send a message via AIM to phaz0rz Send a message via Yahoo to phaz0rz
Default Re: bank accounts on stealth paypal

For the record, you're only reported to chex if you leave a bank with a negative balance or something else bad like that. Just having an account closed for "suspicious" activity will not get you reported. You can get a chex report for free from their site. I got one a few months ago because I was curious what my two bank account closures looked like, and to my surprise they weren't mentioned anywhere on the report. My report was blank.
__________________
____________
_______
___
Reply With Quote
  #6  
Old 10-19-2016
Junior Member
 
Join Date: Jul 2010
Posts: 97
Thanks: 3
Thanked 5 Times in 5 Posts
Activity: 0%
Longevity: 79%
iTrader: (0)
Default Re: bank accounts on stealth paypal

To Plumsake2, You stated "open another account or two at that same bank. Many banks don't report to chexsystems if you are already a customer and are simply opening a sub account." I thought it was good idea but how is possible open another acct if I already have PNC victual wallet acct (one check and 2 saving acct) with mismatch name. Can I open another PNC virtual wallet acct?
Reply With Quote
  #7  
Old 10-21-2016
Junior Member
Threadstarter  
 
Join Date: Mar 2011
Posts: 18
Thanks: 0
Thanked 0 Times in 0 Posts
Activity: 0%
Longevity: 76%
iTrader: (0)
Send a message via Skype™ to ishwri
Default Re: bank accounts on stealth paypal

i just found out i may be on chex, is it possible that bank of america can close my existing bank accounts?
Reply With Quote
  #8  
Old 10-21-2016
phaz0rz's Avatar
Executive [VIP]
 
Join Date: Nov 2015
Posts: 10,832
Thanks: 2,076
Thanked 4,022 Times in 3,010 Posts
Activity: 0%
Longevity: 48%
iTrader: (2)
Send a message via ICQ to phaz0rz Send a message via AIM to phaz0rz Send a message via Yahoo to phaz0rz
Default Re: bank accounts on stealth paypal

Quote:
Originally Posted by ishwri View Post
i just found out i may be on chex, is it possible that bank of america can close my existing bank accounts?
Of course you can. Just go into your local branch and tell them you want to close your accounts, and that's that.

You shouldn't have any doubt about whether or not you have entries on your Chex report. They will mail you a copy of your report for free. Just to go their website and request a copy.
__________________
____________
_______
___
Reply With Quote
  #9  
Old 10-21-2016
Senior Member
 
Join Date: Jun 2016
Posts: 121
Thanks: 23
Thanked 15 Times in 14 Posts
Activity: 0%
Longevity: 45%
iTrader: (0)
Default Re: bank accounts on stealth paypal

Theres a few banks that allow you to have many accounts... I have 10 accounts connected to one bank... I transfer all funds from pp to each account then move all funds to 1 account then withdraw or pay bills... bills bills billsl....lol
Reply With Quote
The Following User Says Thank You to kingpin100 For This Useful Post:
da5543 (10-21-2016)
Reply



Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Stealth Paypal/Bank Accounts/Taxes redsox9985 Subscriber Discussions 2 04-02-2014 02:42 PM
Bank Accounts & Paypal on Stealth, Please Help! TheRevolver Multiple eBay & PayPal Accounts 13 12-20-2012 06:53 AM
How much is TOO much transfers into your bank account from stealth paypal accounts Gman91189 PayPal Talk 1 12-11-2011 08:34 PM
stealth ebay and paypal accounts but real info for bank DucatiMan PayPal Talk 3 08-01-2011 11:28 AM
Paypal has disabled my bank accounts on my stealth accounts? help!!? cmman UK eBay & Paypal 5 12-20-2010 05:41 AM


Aspkin Group

All times are GMT -5. The time now is 08:01 AM.


Stop the guessing games and learn how you can quickly and easily get back on eBay today!
Read the best selling step-by-step eBay Suspension guide eBay Stealth!
Amazon Suspension? Read Amazon Ghost to get back on Amazon!
vBulletin® Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Ad Management by RedTyger
no new posts

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58