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  #1  
Old 10-24-2014
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Default Checking and Savings account

Thanks to the knowledge I have obtained on this forum, I am successfully maintaining 7 stealth accounts. Though with these awesome benefits, I am out of bank accounts to link my stealth pp accounts to.

Are checking and savings accounts considered 2 separate accounts therefore able to use my savings account without getting linked?

I have searched the forums but it seem to have gone off topic and did not want to raise a post back from the dead.

Thank you in advance.
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Old 10-24-2014
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Default Re: Checking and Savings account

As long as they have two different account numbers (they should), then yes they are two separate accounts and can be used as such.
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Old 10-24-2014
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Default Re: Checking and Savings account

Can you verify your bank using a savings account rahter than a checking account?
If you have both a savings and checking account at one bank can you use the checking to verify one stealth account and the savings to verify a seperate stealth account?
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Old 10-24-2014
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Default Re: Checking and Savings account

Do you mean verify your Paypal account using a savings account? Yes you can.

And the answer to the second question is yes as well. Separate account numbers is all that's needed for them to be considered different accounts.
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Default Re: Checking and Savings account

yes, as long as they have different account numbers
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Old 10-24-2014
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Default Re: Checking and Savings account

If savings have direct deposit enabled then yes - which bank name?
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Default Re: Checking and Savings account

Wells Fargo
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Old 10-24-2014
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Default Re: Checking and Savings account

awesome. I have only used my checking accounts for BOA and Chase. I have 2 more accounts to draw funds into considering the savings account that is not in use.

Thanks again!
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Old 11-14-2014
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Default Re: Checking and Savings account

Great infos...but since the routing number for both account will be the same, could they still use this to link both accounts?
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Old 11-15-2014
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Default Re: Checking and Savings account

Using a lot of savings accounts for your stealths you may find issues down the line.

The reason why I say that is the government only allows us to transfer funds from savings to savings, or savings to checking 6 times per billing cycle.

If you transfer funds a lot between your accounts you made find your getting hit with a $15 dollar fee a lot. If that persists over time, the bank can close your savings accounts at their own discretion.
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Old 11-15-2014
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Default Re: Checking and Savings account

Quote:
Originally Posted by goldstealth View Post
Using a lot of savings accounts for your stealths you may find issues down the line.

The reason why I say that is the government only allows us to transfer funds from savings to savings, or savings to checking 6 times per billing cycle.

If you transfer funds a lot between your accounts you made find your getting hit with a $15 dollar fee a lot. If that persists over time, the bank can close your savings accounts at their own discretion.


You can withdraw cash at ATM (from savings) and deposit into checking.
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Old 11-16-2014
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Default Re: Checking and Savings account

Quote:
Originally Posted by pennslmmer View Post
Great infos...but since the routing number for both account will be the same, could they still use this to link both accounts?
No, there are thousands or perhaps even millions of people who use any given bank and its routing number. Some banks do have separate routing numbers for each state, but it's still not something you have to worry about being linked with. The account number is the important thing that needs to be new.

Quote:
Originally Posted by goldstealth View Post
Using a lot of savings accounts for your stealths you may find issues down the line.

The reason why I say that is the government only allows us to transfer funds from savings to savings, or savings to checking 6 times per billing cycle.

If you transfer funds a lot between your accounts you made find your getting hit with a $15 dollar fee a lot. If that persists over time, the bank can close your savings accounts at their own discretion.
True, you have withdrawal limits with savings accounts. It's important to note that this varies from bank to bank though. The maximum allowed by law is 6, but many banks only allow less than that. The over-the-limit fee varies as well, so it's important to know your bank's fee chart.

As long as you keep that in mind then savings can be great since they're cheaper than checking accounts. But if you're someone who makes a lot of withdrawals then yeah checking accounts are better.
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Old 11-16-2014
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Default Re: Checking and Savings account

I have one additional question. I am new with these stealth accounts. My recent stealth account worked perfectly even with only my Bank linked, no card or anything else verified. I was able to list a few items on ebay immediately. So a week later, I tried to create a new stealth account with the same process, but ebay immediately LIMITED my account ( I should have waited a bit until start selling..stupid me >.<) . So what I did was I removed my bank info from my paypal and CLOSED my Paypal account. My ebay account is in the process of closing (hopefully they'll close it). If I were to create a new Paypal account and an ebay account later with using the same Bank account #, can they also link them? thanks
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Old 11-17-2014
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Default Re: Checking and Savings account

No infomation can be reused. That includes bank accounts.
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Old 11-17-2014
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Default Re: Checking and Savings account

Quote:
Originally Posted by pennslmmer View Post
Great infos...but since the routing number for both account will be the same, could they still use this to link both accounts?
If the account is correctly made, then there should not be a problem.

I prefer to spread the banks where I can for my USA accounts.


When you get to the point of having new stealth accounts, you learn to make sure you use nothing to link you.

Keep on asking the great questions as they are helping you learn.

Dont make an account until you have worked out a plan though.

Good Luck (& Welcome)

Last edited by GreenBean; 11-17-2014 at 07:09 AM.
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  #16  
Old 11-17-2014
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Default Re: Checking and Savings account

@greenbean what banks can you use in usa? I have been denied by bao and chase I know that seems to be the main ones I have seen people use.
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Default Re: Checking and Savings account

dont open to many accounts in ONE bank!!!


instead open about 4 per bank.
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