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Stealth PayPal name being different than bank account name
 

Of course my Stealth PayPal is not my real name, neither is it even a slight variation. Whereas my bank account is in my real name of course.

Now I'm about to finally open additional bank accounts (with RBC) so I can transfer my funds from my Stealth PP accounts to my bank.

I'm able to open the accounts online, and throughout the process of opening one, they ask a couple of questions. One of them is: Will this account be used by or on behalf of a Third Party ? - Do I say yes or no? Because when I have payments coming in from PayPal, the name is completely different and wouldn't that be seen by my bank as a "3rd party"? So if I said 'Yes' then they would let the mis-matching names slide. But if I said 'No', could they not accept it?

Hopefully you understand what I'm trying to say here. Thanks guys :yar:

Let's put it this way, if you say YES, they will most likely want that 3rd party info, possibly a co-signer.

Now you have the answer (read between the lines) if you want to have an account to withdraw money.

Put the account in the name of Jim Carey then.

Me, myself and I

Let's get rsot to confirm this type of arrangement.

:eek:

I died laughing!!!! :pound: :clap:

You ALWAYs say NO to third party behalf question. Point final.

If you click yes, bank will ask for you to come in with the third party for signature...effectively making the creation of accounts ONLINE a pointless step :(

Thanks very much!

Yes, it is one of those things areas with stealth. You want to do the manual confirmation on a bank acct. You also never want to add money from PayPal from your bank. From previous threads this gets lots of people in trouble if they are unwilling to keep a significant amount of reserves to cover both eBay fees and any potential charge-backs. It is hard to do on a brand new stealth but my personal philosophy has always been have 2x what you think you will ever need in PayPal reserves to cover everything. If you sell a bunch in a short period wait for the buyers to get their items feedback to possibly come in or any bitching to happen before you withdrawal. I understand some people need their cash but sometimes it is a sacrifice you have to make if you are a long term seller.