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ING - Appears good again
 

As an attempt to test, I created a brand new PP account last night and used ING as the bank account to verify. It was taking PP 5-10 minutes to limit accounts using ING for bank account. This new account is still up and running 14 hours after I opened it. I am waiting on the 2 small deposits to verify.

I doubt they limit any accounts linked to a specific bank anyways.

regarding ING
they took the savings account that I misspelled IGN ( honest !!! it was a mistake !)
they denied the checking that I tried to add so it looks touch and go on ING

And ING does indeed still provide the capability to open (additional) savings sub-accounts on the fly?

Hey,i will be waitting here for your news.please let us know if your paypal gets veirfied.Thanks!

ING deposits showed up. PP account is verified.

I don't know if this is of any help to anyone, but the branch manager at my local bank of america told me that I can open and close as many checking and savings account as I like. Once you have the first account setup online it is really easy to go in and create additional accounts whenever you want to. I haven't created a new account with them yet other than my business and personal, but it can be done.

Also, if you setup the My Access checking account online there aren't any monthly fees. So if I understand correctly you can have unlimited free checking accounts as long as you open them online.

That's good news... and you named the bank ING on Paypal?

unlimited checking
 

everyone who has a checking account with their local banks or online banks may have unlimited amount of checking accounts. But a quick question, when transferring money from paypal to your checking account, does your bank see the name associated with the paypal account. My paypal is not my name, but can the bank see that the deposits coming in is not under my account name. Just curious if anyone knows.

Happy to hear the good news zymo. Will try today and give updates in 2-3 business days.

That must only be true for larger banks because the smaller local banks only allow one personal account and one business account per business name. The will allow multiple saving accounts, but not multiple checking. This is why I drive 25 miles to the nearest town with a bank of america and do most of my banking online.

Yes, ING account on paypal created saturday and as of today the paypal account is still fine.

Interesting...

I wondered about Wamu on this. Didn't want to go crazy with the number of accounts with them. I now have two checking/savings combos. I wanted to see how difficult it'd be to create the second set, and it wasn't difficult at all. PRetty straightforward, since they already have you confirmed with the first set. The initial deposit delays, of course, are a nuisance, which is why ING's sub-account feature is king, but it's cool to hear that one can have an unlimited amount of accounts with Wamu in general.

Someone mentioned that BofA now offers sub-accounts as well?

Yes.
In the past the My Access checking was only free if you had a direct deposit into it each month. But as of a few months ago the My Access checking is free with no direct deposit requirement as long as you open it online. If you are already signed up for online banking then you can open a new account with just a few mouse clicks. When I did this for my business account it was a little more involved since it was for a business, but it was still a short simple process. The only difference was I had to fax in my business docs. (I do have fees for the business account, but I can open as many free My Access accounts as I want)

Here a link to more info:
Bank of America | Please Select Your State

i just got an Orange Savings account up an running with ING. But how do you get another account number through them. Do i have to call them up or is everything done online. thanks

Everything is done online with ING. Once you are logged-in to your first/main account, you can create another account w/a nickname. Although you log-in with ING using 1 account & 1 account number, the other accounts appear under the main with different account numbers.

so ing is a go again for pp ????

I created a new eb and pp account last Thursdat using ING and as of today no problems, verified fine for me so far. Two deposit went ok and so far its a go. Can change anytime but we all know that.

As Obama said ...Change Is Coming!

How many accounts does ING let you open?

i think as many as u want