Adding a New Bank account to existing PP acct - 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 > Marketplace Discussions > PayPal Talk

PayPal Talk PayPal Forums. General issues related to PayPal.

Reply
 
Thread Tools
  #1  
Old 01-15-2017
Junior Member
 
Join Date: Nov 2013
Posts: 7
Thanks: 0
Thanked 0 Times in 0 Posts
Activity: 0%
Longevity: 45%
iTrader: (0)
Default Adding a New Bank account to existing PP acct

Gents, been reading this site for a while now, and would like to start by thanking the members for all the contributions that helped get me out of a bad situation on eb/pp a few years ago.

Currently I'm using an eb and pp account that has been open for 11 years.

It was originally my father's account, using his real name, and real bank account info, and real address, social etc.

My father died a few years ago, and I still use the account. Please don't call me evil for doing this. I have a business and need to sell my things

My question is about the bank account tied to PP account. It's a BofA account. The bank account will be closed very shortly by the IRS.

I am wondering if I was to just go to any other bank, such as Citibank, or Wells Fargo, or Chase, or BofA, and open an account under my real name, can I then add that info to this PP account and use it to withdraw funds to it?

Or does PP look at the name of the person whose bank account is being linked to the PP account, and compare the names to see if they are the same?

Regards,
Reply With Quote
The complete step-by-step guide to get back to selling today!

  #2  
Old 01-15-2017
Senior Member
 
Join Date: Dec 2016
Posts: 83
Thanks: 46
Thanked 3 Times in 3 Posts
Activity: 2%
Longevity: 21%
iTrader: (0)
Default Re: Adding a New Bank account to existing PP acct

i am not experienced member as others .. but can tell you if you do some digging here in this forum you will find the answer from experienced members here
1 - paypal can not read bank ACC info .. so you can easy link your real bank account to PP .

2 - some banks works fine with mismatch name so you can withdraw from paypal to your real bank account ...

may members here confirm which banks you can use

- can i ask you a question : you said your father died a few years ago , so how you handle tax report all last yrs ?
Reply With Quote
  #3  
Old 01-15-2017
GreenBean's Avatar
Executive [VIP]
 
Join Date: Sep 2007
Posts: 41,969
Thanks: 5,467
Thanked 8,998 Times in 7,022 Posts
Activity: 0%
Longevity: 95%
iTrader: (6)
Default Re: Adding a New Bank account to existing PP acct

Quote:
Originally Posted by sunny day View Post
i am not experienced member as others .. but can tell you if you do some digging here in this forum you will find the answer from experienced members here
1 - paypal can not read bank ACC info .. so you can easy link your real bank account to PP .

2 - some banks works fine with mismatch name so you can withdraw from paypal to your real bank account ...

may members here confirm which banks you can use

- can i ask you a question : you said your father died a few years ago , so how you handle tax report all last yrs ?
Why do you persist on handing out inaccurate info.

Reply With Quote
  #4  
Old 01-15-2017
Junior Member
Threadstarter  
 
Join Date: Nov 2013
Posts: 7
Thanks: 0
Thanked 0 Times in 0 Posts
Activity: 0%
Longevity: 45%
iTrader: (0)
Default Re: Adding a New Bank account to existing PP acct

Quote:
Originally Posted by GreenBean View Post
Why do you persist on handing out inaccurate info.

With respect, would you please correct the previous poster's incorrect information? If it's true that PP cannot match the name of a bank account (it's been so long since I set up a PP account, literally the last time I did it was on the first day PP was created, that I don't recall if they ask you the name of the bank account holder as a step in the bank account addition/linking process on the PP website), then I can go to any bank, create an account with my name, and use that account to add to my PP

Is that correct GreenBean?

Regards,
Reply With Quote
  #5  
Old 01-15-2017
rsot's Avatar
Executive [VIP]
 
Join Date: Dec 2009
Posts: 58,213
Thanks: 4,615
Thanked 7,100 Times in 6,467 Posts
Activity: 100%
Longevity: 77%
iTrader: (7)
Default Re: Adding a New Bank account to existing PP acct

@sva, what you do is when you add the bank account, you KEEP the name as the stealth name of the pp account.

If your pp account name is John Doe and your name is Tim Smith....when you add the bank account and pp asks the name, you keep the name as John Doe (pp account name)
Reply With Quote
  #6  
Old 01-15-2017
GreenBean's Avatar
Executive [VIP]
 
Join Date: Sep 2007
Posts: 41,969
Thanks: 5,467
Thanked 8,998 Times in 7,022 Posts
Activity: 0%
Longevity: 95%
iTrader: (6)
Default Re: Adding a New Bank account to existing PP acct

Your issue is that of the IRS being aware of your tax situation.

You can not add another bank account safety.

My sincere advice at this point would be to see a tax accountant.

I hope you find suitable help there.

Reply With Quote
  #7  
Old 01-15-2017
Junior Member
Threadstarter  
 
Join Date: Nov 2013
Posts: 7
Thanks: 0
Thanked 0 Times in 0 Posts
Activity: 0%
Longevity: 45%
iTrader: (0)
Default Re: Adding a New Bank account to existing PP acct

Quote:
Originally Posted by GreenBean View Post
Your issue is that of the IRS being aware of your tax situation.

You can not add another bank account safety.

My sincere advice at this point would be to see a tax accountant.

I hope you find suitable help there.

The IRS is aware that I have a bank account, however I have never withdrawn any PP money into that account since my father died. It has just been sitting there idle, with a hundred dollars in it

I have always withdrawn my money with my PP debit card, which I just received another one of last week (a replacement for my previous card).

I guess I could keep withdrawing with my PP debit card, however there aren't that many banks that do not charge a fee for foreign (foreign to that bank) ATM withdrawals, and I would like to avoid constantly going to the ATM every day to withdraw $400 (the max limit of my PP debit card per day)

One additional note as it pertains to taxes. Using the info from this site, I was able to establish a Delaware corporation, and all tax information goes to the EIN of that corporation, not to my father's social

To formulate this post as a question, given that I don't normally use a bank account to withdraw from PP, and given that there is an EIN associated with the PP account, would the aforementioned method of adding a bank account with my real info, but putting the 'stealth' info into PP, work?

Last edited by sva50233; 01-15-2017 at 09:18 PM.
Reply With Quote
  #8  
Old 01-15-2017
Senior Member
 
Join Date: Dec 2016
Posts: 83
Thanks: 46
Thanked 3 Times in 3 Posts
Activity: 2%
Longevity: 21%
iTrader: (0)
Default Re: Adding a New Bank account to existing PP acct

Quote:
Originally Posted by GreenBean View Post
Why do you persist on handing out inaccurate info.

can i ask what us wrong info i wrote ?? ..
forget his special situation ...
what i wrote is 100% correct .... i red it 100"s times here in this forum
Reply With Quote
  #9  
Old 01-15-2017
GreenBean's Avatar
Executive [VIP]
 
Join Date: Sep 2007
Posts: 41,969
Thanks: 5,467
Thanked 8,998 Times in 7,022 Posts
Activity: 0%
Longevity: 95%
iTrader: (6)
Default Re: Adding a New Bank account to existing PP acct

Quote:
Originally Posted by sunny day View Post
can i ask what us wrong info i wrote ?? ..
forget his special situation ...
what i wrote is 100% correct .... i red it 100"s times here in this forum
Because you must pay attention to the situation, then give the advise to match.

Reply With Quote
  #10  
Old 01-15-2017
Senior Member
 
Join Date: Dec 2016
Posts: 83
Thanks: 46
Thanked 3 Times in 3 Posts
Activity: 2%
Longevity: 21%
iTrader: (0)
Default Re: Adding a New Bank account to existing PP acct

Quote:
Originally Posted by GreenBean View Post
Because you must pay attention to the situation, then give the advise to match.

by the way you are the big mouth in this forum ...
what i said what he exactly asked for .... his special situation is tax issue ..
please do not reply again ... enough
Reply With Quote
  #11  
Old 01-15-2017
MM78's Avatar
Executive [VIP]
 
Join Date: Sep 2010
Posts: 14,135
Thanks: 1,107
Thanked 4,807 Times in 3,329 Posts
Activity: 0%
Longevity: 71%
iTrader: (4)
Default Re: Adding a New Bank account to existing PP acct

Quote:
Originally Posted by sunny day View Post
by the way you are the big mouth in this forum ...
what i said what he exactly asked for .... his special situation is tax issue ..
please do not reply again ... enough
Didn't know you made the rules on this forum....and just so you know, anyone can reply to pretty much anything.
Reply With Quote
  #12  
Old 01-16-2017
GreenBean's Avatar
Executive [VIP]
 
Join Date: Sep 2007
Posts: 41,969
Thanks: 5,467
Thanked 8,998 Times in 7,022 Posts
Activity: 0%
Longevity: 95%
iTrader: (6)
Default Re: Adding a New Bank account to existing PP acct

Quote:
Originally Posted by sunny day View Post
by the way you are the big mouth in this forum ...
what i said what he exactly asked for .... his special situation is tax issue ..
please do not reply again ... enough
Oh, and now you know ALL about USA tax issues.

Highly unlikely a BoA account closed by the IRS will see the customer allowed to open another account.
At least one of knows this
Shhh, grasshopper. Shhh.


Last edited by GreenBean; 01-16-2017 at 12:27 AM.
Reply With Quote
  #13  
Old 01-16-2017
Junior Member
 
Join Date: Dec 2016
Posts: 55
Thanks: 51
Thanked 5 Times in 5 Posts
Activity: 0%
Longevity: 21%
iTrader: (0)
Default Re: Adding a New Bank account to existing PP acct

im getting nervous. im not stealth yet but soon. my friend opened an account for pay pal and we used my bank info to verify. verify went in the day after adding bank info. so now pay pal is verified so we requested some money to my bank account 4 days ago getting nervous Im thinking we will have to add a different bank if the deposit gets sent back

Last edited by timetobarter; 01-16-2017 at 07:07 PM.
Reply With Quote
  #14  
Old 01-16-2017
Junior Member
 
Join Date: Jan 2017
Posts: 221
Thanks: 0
Thanked 22 Times in 21 Posts
Activity: 0%
Longevity: 21%
iTrader: (0)
Default Re: Adding a New Bank account to existing PP acct

This thread is funny.

Im not gonna give my opinions
Reply With Quote
  #15  
Old 01-21-2017
Junior Member
Threadstarter  
 
Join Date: Nov 2013
Posts: 7
Thanks: 0
Thanked 0 Times in 0 Posts
Activity: 0%
Longevity: 45%
iTrader: (0)
Default Re: Adding a New Bank account to existing PP acct

Quote:
Originally Posted by GreenBean View Post
Oh, and now you know ALL about USA tax issues.

Highly unlikely a BoA account closed by the IRS will see the customer allowed to open another account.
At least one of knows this
Shhh, grasshopper. Shhh.

Hello again GreenBean.

Please note, the bank account in question, which is currently linked to the PP account, has not yet been closed.

The question I have is, for this PP account, can I just add a bank account in my own name, and add it to the PP account, and manually remove the old account before it is shut down by IRS?

Correct me if I'm wrong, but all PP only asks for the routing number and checking acct #. Can't I just add a new bank account, and remove the old bank account, and begin withdrawing from the same old PP account? How would PP be aware of any tax situations if I manually remove the bank account in question before it gets shut down?

Regards,

Last edited by sva50233; 01-21-2017 at 01:55 AM.
Reply With Quote
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
Will adding a new bank acc to existing bank acc limit my paypal acc Welbs eBay Discussion! 1 10-30-2015 06:03 PM
adding 2nd bank acct automatically trigger acct review? blockhead PayPal Talk 12 08-31-2015 10:50 AM
Adding a new bank account to existing pay pal drphilly Australia eBay & Paypal 10 12-08-2014 08:15 PM
Adding A New Bank Account to An Existing Amazon Account Rellik3600 Amazon 10 05-20-2011 05:47 PM
Adding a new bank account to paypal with an existing one Neplusultra PayPal Talk 8 05-07-2011 07:14 PM


Aspkin Group

All times are GMT -5. The time now is 06:10 PM.


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 - 2019, Jelsoft Enterprises Ltd.
Ad Management by RedTyger
no new posts