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Old 08-20-2012
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Default Bank Manager wants to know why PayPal $ coming in for a different name?

Log into my bank where I have 4 newish accounts and it says I have a -$399,990.00 balance. I get on chat and they said the accounts are all on hold, something about ID theft?

So when they Branch Manager asks me why the disbursements from PayPal are coming in for another name what's the work around?

Thanks

Last edited by JJGold; 08-20-2012 at 01:59 PM.
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Old 08-20-2012
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Which bank is this?

Regardless, you're most likely screwed no matter what excuse you come up with. They most likely will ask you to provide the SSN/ID for the third party if you use any "realistic" excuses such as the person being your business partner.

"Unrealistic" excuses such as saying it being your alias name will get you into deeper trouble.
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Old 08-20-2012
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How much $ are we talking about here is my first question - how much $ have gone in?
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Old 08-20-2012
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your DBAs? Sounds bad, I take it you are dealing with smaller banks and not the big guys.
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Old 08-20-2012
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What bank, and how much money was going in there.
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Old 08-20-2012
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I don't know if this would work for UK banks but Ive had US Banks ask me the same question.

I use the following Answer: I tell them that the person's name in the deposit(s) is my employer OR fellow business partner and that person pays me through Paypal, also that that person pays me this way because it's faster.

It's worked every time I've been asked, Also note that they might ask for that person's info...Full Name, Address, Phone, etc...so have that info ready if you do try it.
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Old 08-20-2012
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MM is right on the ball as usual and I would also say that you called in when you setup the account and let the operator know this and they said they put a note in the system
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Quote:
Originally Posted by MM78 View Post
I don't know if this would work for UK banks but Ive had US Banks ask me the same question.

I use the following Answer: I tell them that the person's name in the deposit(s) is my employer OR fellow business partner and that person pays me through Paypal, also that that person pays me this way because it's faster.

It's worked every time I've been asked, Also note that they might ask for that person's info...Full Name, Address, Phone, etc...so have that info ready if you do try it.
I would see this working if you had one stealth with one bank account that you were using but if you have multiple I dont think that excuse will work.
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Old 08-20-2012
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Quote:
Originally Posted by JJGold View Post
Log into my bank where I have 4 newish accounts and it says I have a -$399,990.00 balance. I get on chat and they said the accounts are all on hold, something about ID theft?

So when they Branch Manager asks me why the disbursements from PayPal are coming in for another name what's the work around?

Thanks
You allege you have a balance of minus -$399,990 and you want advise about what to say?

This is beyond the forum. For that amount of money to be moving around the cyberworld you should have had iron clad companies created AND a tax professional sweating it for you.
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