Opening Bank Accounts? - 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.

Thread Tools
Old 12-19-2009
Junior Member
Join Date: Aug 2008
Posts: 88
Thanks: 0
Thanked 1 Time in 1 Post
Activity: 0%
Longevity: 89%
iTrader: (0)
Default Opening Bank Accounts?

I have been using US Bank and Bank of America for accounts to use with Paypal. I first did it with Bank of America. Then I used US Bank, since I already had an account with them. It was a lot easier doing it with a bank that I already have an account with. Then I opened another with Bank of America.

The problem is, it takes about a week to get the account set up, sign the papers, and then get the account number. Then I have to do the Paypal verification thing. I was thinking about setting up a couple Paypal accounts now and then using them for eBay when I need them.

Several people posted that Bank of America will let you create 10 accounts. After that, you get an error since you have opened too many. Since I have 2, that gives me 8 more to go. Can I open all 8 at once or would that look suspicious? What about with US Bank?

Would I be better off opening 1 or 2 accounts with 4 different banks?
Reply With Quote
The Following User Says Thank You to ibanez13 For This Useful Post:
OfficialGenius (12-20-2009)
The complete step-by-step guide to get back to selling today!

Old 12-19-2009
lakeman's Avatar
Senior Member
Join Date: Jan 2009
Posts: 1,865
Thanks: 580
Thanked 411 Times in 233 Posts
Activity: 0%
Longevity: 87%
iTrader: (114)
Send a message via AIM to lakeman Send a message via MSN to lakeman Send a message via Yahoo to lakeman

I have opened all except for my first BOA account online. It's very easy, takes about 4 clicks, 3 minutes, and no papers to sign. The account number takes around 2 business days before it shows up.

There is no 10 account limit with BOA. I recommend you don't go over 10, I would aim for 5 or 6 at the most, to be safe. Yes it's better to split the accounts between a couple banks. No don't open them all at once.
Reply With Quote
The Following User Says Thank You to lakeman For This Useful Post:
OfficialGenius (12-20-2009)

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
Opening LOTS of bank accounts can get you banned from opening ANY accounts! yougotit Paypal Limited 41 07-08-2011 07:13 PM
Doesn't opening new bank accounts hurt your credit score? aejacks8 Credit Card Alternatives 11 05-13-2010 06:23 PM
Opening and Closing bank accounts kobedakid PayPal Talk 17 10-24-2009 12:12 AM
Opening up 2-3 bank accounts each month red flag? spookycloud Subscriber Discussions 6 05-17-2009 05:27 PM
Opening a new bank account braxtonmarley PayPal Talk 10 08-27-2008 12:41 PM

Aspkin Group

All times are GMT -5. The time now is 12:17 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 - 2022, 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