Forum

Originally Posted by phaz0rz (Post 840419)

Haha, really? If your goal is tax evasion I would recommend against using any bank accounts at all. Very easy for the gov't to look into your banking activity regardless of the type of account you withdraw to.

If you mean "stealth bank account" as in giving false info to a financial institution, that's a very bad idea also.

Originally Posted by Dashawn (Post 842324)

What if my stealth pp goes negative will Paypal take the money from my bank ?

Originally Posted by tom191 (Post 840342)

Hello all.....

Just my two cents to the conversation here based on over ten years of doing this.

open SAVINGS ACCOUNTS!

Why?

There is so much less scrutiny at the bank level. They could care less how many you have and you can open and close them online at many banks.

I use BOA and Chase primarily and have never had a single issue.

I simply open a checking account and then open several savings account under it. I keep 5 to 10 dollars in them and the bank never says anything.

I attache the savings account to my PP and PP loves it!

Why is a Stealth PP still a Stealth PP after you attach a real bank account to it?

Because PP is not a bank and your bank BY LAW can not share any customer data with paypal. It can only confirm the amount on account similer to when you swipe your debit card at the gas pump shell dosn't get all your consumer information all they know is how much is in your account.

Ok well shell knows you have at lest 50 or 75 bucks in it because thats all they ask about... but you get the idea.

The only reason to have a stealth Bank Account is if you don't want to pay taxes!

There are simple ways to get this but it costs money and I would suggest you pay your taxes. One thing that will restrict your PP account faster then you can blink is a tax request to PP and since PP will k99 you after I think 10k now you eather stay under that or pay your taxes.

Hope some of this helps somebody.....

Originally Posted by yotano211 (Post 842404)

There is no such thing as stealth bank accounts in the US. Take that bad info somewhere else.

Originally Posted by yotano211 (Post 842404)

There is no such thing as stealth bank accounts in the US. Take that bad info somewhere else.

Originally Posted by MM78 (Post 842446)

Sure there is, it's called Identity Theft! lol.....