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Old 07-23-2015
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Default How to explain to bank the mismatched name

If I have several account under my name, what shall I tell bank if they ask why I have different people send money from Paypal to my different account?

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Old 07-23-2015
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Default Re: How to explain to bank the mismatched name

I've told banks that the person in my deposits is my boss and they pay me with payPal via Deposits.
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Old 07-23-2015
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Default Re: How to explain to bank the mismatched name

I like to use banks that never ask anything about mismatched names, I just open them online

ive had no probs with chase, pnc, boa
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Old 07-24-2015
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Default Re: How to explain to bank the mismatched name

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Originally Posted by 123 View Post
I like to use banks that never ask anything about mismatched names, I just open them online

ive had no probs with chase, pnc, boa
Do you have one account with each bank or have several savings account with each bank?
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Old 07-24-2015
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Default Re: How to explain to bank the mismatched name

You really shouldn't use Savings, Stick to Checking Accounts.
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Old 07-24-2015
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Default Re: How to explain to bank the mismatched name

MOST small banks and credit unions are excellent as well.

You can use savings IF you dont plan on withdrawing or transferring from them often. If you need to use the money you withdraw then don't use savings accounts.
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Old 07-24-2015
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Default Re: How to explain to bank the mismatched name

I went to my bank first and told them I was in partnership with another guy on ebay and he would be giving me my profits from his paypal. They said that was cool.
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Old 07-24-2015
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Default Re: How to explain to bank the mismatched name

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Originally Posted by yankee View Post
MOST small banks and credit unions are excellent as well.

You can use savings IF you dont plan on withdrawing or transferring from them often. If you need to use the money you withdraw then don't use savings accounts.
I don't transfer out that often. Should be about once a month.
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Default Re: How to explain to bank the mismatched name

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Originally Posted by MM78 View Post
You really shouldn't use Savings, Stick to Checking Accounts.
Checking is more complicated, right? They will require direct deposit or minimum $1,500 balance in account. While savings only $300 balance required.
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Old 07-24-2015
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Default Re: How to explain to bank the mismatched name

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Originally Posted by wendychen2000us View Post
Checking is more complicated, right? They will require direct deposit or minimum $1,500 balance in account. While savings only $300 balance required.
100% Of my accounts have no balance requirements for personal or business. Savings have $5.00, $10 and $25.00 depending on the institution.

I deal with 13 banks and/or credit unions. I repeat, I don't have any accounts that require a minimum balance.
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Old 07-25-2015
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Default Re: How to explain to bank the mismatched name

if you're not doing anything illegal then it shouldn't be a big problem. i always just tell them i use stealth on paypal. but only if they ask. i've run into a few bank tellers that know paypal all too well and are completely understanding to me.
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