How many savings accounts can you have for one bank? - eBay Suspended & PayPal Limited Forums
eBay Suspension & PayPal Limited Forums  
Join Today
Register Subscribe
     

Registration is fast, simple and absolutely free so please, join our community today!


Go Back   Home > Marketplace Discussions > PayPal Talk

PayPal Talk PayPal Forums. General issues related to PayPal.

Reply
 
Thread Tools
  #1  
Old 01-24-2016
Senior Member
 
Join Date: Aug 2012
Posts: 183
Thanks: 25
Thanked 29 Times in 25 Posts
Activity: 0%
Longevity: 56%
iTrader: (1)
Default How many savings accounts can you have for one bank?

Hi everyone,

I got a good and helpful response on my last post so thank you and I was wondering how many savings accounts can I have for one UK bank?

I currently bank with Halifax and have 6 accounts and 4 accounts with Llyods. I use to bank with NatWest and opened about 6 or 7 accounts. I no longer used certain accounts so I would close them and then I was blocked from using the app and then followed by a letter in the post to say I can no longer bank with them and I don't want the same experience to happen to me again.

So any advice is much appreciated.
Reply With Quote
The complete step-by-step guide to get back to selling today!

  #2  
Old 01-25-2016
just_smile's Avatar
Executive [VIP]
 
Join Date: Aug 2012
Posts: 3,232
Thanks: 766
Thanked 949 Times in 703 Posts
Activity: 29%
Longevity: 56%
iTrader: (112)
Default Re: How many savings accounts can you have for one bank?

How quickly where you opening and closing them to be shut down?

Up to 5 accounts at any one bank is the amount the forum has always said is a good amount to have.
__________________
NO 21 DAY HOLDS HIGH LIMIT 1000 ITEMS EBAY+PAYPAL ACCOUNTS ENTER MY SHOP
***BUY 3 get 1 FREE on all VERIFIED ACCOUNTS!***
HIGH FEEDBACK ACCOUNTS IN STOCK!!
Reply With Quote
  #3  
Old 01-25-2016
GreenBean's Avatar
Executive [VIP]
 
Join Date: Sep 2007
Posts: 42,042
Thanks: 5,509
Thanked 9,024 Times in 7,037 Posts
Activity: 0%
Longevity: 95%
iTrader: (6)
Default Re: How many savings accounts can you have for one bank?

Why are you using lloyds?

__________________
Ever look at someone and think WhyTF has no one hit you with a shovel yet?
Reply With Quote
  #4  
Old 01-25-2016
Senior Member
Threadstarter  
 
Join Date: Aug 2012
Posts: 183
Thanks: 25
Thanked 29 Times in 25 Posts
Activity: 0%
Longevity: 56%
iTrader: (1)
Default Re: How many savings accounts can you have for one bank?

I opened 3 or 4 in one week and closed 2 with in 2 weeks so that is probably why they stopped me from banking with them.

I'm using Lloyds just because I wanted to see if I would get accepted and I was. I have noticed you can't change your PayPal name with Lloyds has to be your name but with Halifax you can so I will stick at my 6 accounts I have with them. Thanks for the help.
Reply With Quote
  #5  
Old 01-25-2016
JamesNorth101's Avatar
Super Moderator
 
Join Date: Apr 2013
Posts: 17,575
Thanks: 1,503
Thanked 4,461 Times in 3,452 Posts
Activity: 61%
Longevity: 51%
iTrader: (374)
Default Re: How many savings accounts can you have for one bank?

That would cause them to cease business with you

RE the 6 accounts you have with Halifax. That is on the high side of things
Reply With Quote
  #6  
Old 01-25-2016
Senior Member
Threadstarter  
 
Join Date: Aug 2012
Posts: 183
Thanks: 25
Thanked 29 Times in 25 Posts
Activity: 0%
Longevity: 56%
iTrader: (1)
Default Re: How many savings accounts can you have for one bank?

Yes and I don't want that to happen again. I will not be opening anymore savings accounts with Halifax Thank you for the great advice again I learn so much on this forum.
Reply With Quote
  #7  
Old 01-25-2016
JamesNorth101's Avatar
Super Moderator
 
Join Date: Apr 2013
Posts: 17,575
Thanks: 1,503
Thanked 4,461 Times in 3,452 Posts
Activity: 61%
Longevity: 51%
iTrader: (374)
Default Re: How many savings accounts can you have for one bank?

Have a look at Smile.com if you want to open another few accounts at some point

I have 3 with them without a problem
Reply With Quote
The Following User Says Thank You to JamesNorth101 For This Useful Post:
samspalace (01-25-2016)
  #8  
Old 01-25-2016
Senior Member
Threadstarter  
 
Join Date: Aug 2012
Posts: 183
Thanks: 25
Thanked 29 Times in 25 Posts
Activity: 0%
Longevity: 56%
iTrader: (1)
Default Re: How many savings accounts can you have for one bank?

I will have a look thanks

Can you use a different name for PayPal by adding a smile bank to it?
Reply With Quote
  #9  
Old 01-25-2016
JamesNorth101's Avatar
Super Moderator
 
Join Date: Apr 2013
Posts: 17,575
Thanks: 1,503
Thanked 4,461 Times in 3,452 Posts
Activity: 61%
Longevity: 51%
iTrader: (374)
Default Re: How many savings accounts can you have for one bank?

Its only really Lloyds that has issues with it
Reply With Quote
  #10  
Old 01-25-2016
Senior Member
Threadstarter  
 
Join Date: Aug 2012
Posts: 183
Thanks: 25
Thanked 29 Times in 25 Posts
Activity: 0%
Longevity: 56%
iTrader: (1)
Default Re: How many savings accounts can you have for one bank?

Oh that's interesting I never knew that looking forward to looking at the website given thank you James
Reply With Quote
  #11  
Old 01-25-2016
Banned
 
Join Date: Jul 2008
Posts: 827
Thanks: 43
Thanked 198 Times in 155 Posts
Activity: 0%
Longevity: 88%
iTrader: (27)
Default Re: How many savings accounts can you have for one bank?

Being a business customer at a bank and having a personal relationship in branch can really help.

If you're pushing lots of funds through savers consistently they will be asking questions. In this day and age basic / personal / savings accounts really are not made for business use. When they see that they have been used for business purposes they will have no hesitation of shutting the accounts you currently have open. It has happened and it will get worse.

Avoiding fees etc business accounts you can easily open a LOT at the same bank, more so as you have a legitimate reason to use multiple accounts for multiple business purposes
Reply With Quote
  #12  
Old 01-25-2016
Senior Member
Threadstarter  
 
Join Date: Aug 2012
Posts: 183
Thanks: 25
Thanked 29 Times in 25 Posts
Activity: 0%
Longevity: 56%
iTrader: (1)
Default Re: How many savings accounts can you have for one bank?

If I went into my Halifax branch and said I would like to open a business account they wouldn't close my savings accounts will they?

Would I be able to open more business accounts with Halifax as well as I didn't know that. I thought you can only have one business account for one bank is that not true then?
Reply With Quote
  #13  
Old 01-25-2016
JamesNorth101's Avatar
Super Moderator
 
Join Date: Apr 2013
Posts: 17,575
Thanks: 1,503
Thanked 4,461 Times in 3,452 Posts
Activity: 61%
Longevity: 51%
iTrader: (374)
Default Re: How many savings accounts can you have for one bank?

You can keep your personal savings accounts open while still having a business bank account. They are separate
Reply With Quote
  #14  
Old 01-25-2016
Senior Member
Threadstarter  
 
Join Date: Aug 2012
Posts: 183
Thanks: 25
Thanked 29 Times in 25 Posts
Activity: 0%
Longevity: 56%
iTrader: (1)
Default Re: How many savings accounts can you have for one bank?

If I keep my savings accounts open which I want to as I don't want to lose them won't they be at risk of being closed down with large amounts of payments going into them?
Reply With Quote
  #15  
Old 01-25-2016
JamesNorth101's Avatar
Super Moderator
 
Join Date: Apr 2013
Posts: 17,575
Thanks: 1,503
Thanked 4,461 Times in 3,452 Posts
Activity: 61%
Longevity: 51%
iTrader: (374)
Default Re: How many savings accounts can you have for one bank?

Well savings accounts are not perfect for exactly that reason.

A few hundred a week I have never had an issue with so long as most the money stays in the savings accounts
Reply With Quote
  #16  
Old 01-25-2016
Senior Member
Threadstarter  
 
Join Date: Aug 2012
Posts: 183
Thanks: 25
Thanked 29 Times in 25 Posts
Activity: 0%
Longevity: 56%
iTrader: (1)
Default Re: How many savings accounts can you have for one bank?

I open savings accounts for stealth accounts and I don't receive any saving cards for the accounts opened so I just transfer it to my main account and withdrawal it but because I have lost my Natwest accounts I'm worried I might lose my Halifax accounts :(

So do you think I should open a business account with Halifax? Can you have more than 1 business account with Halifax?
Reply With Quote
  #17  
Old 01-25-2016
JamesNorth101's Avatar
Super Moderator
 
Join Date: Apr 2013
Posts: 17,575
Thanks: 1,503
Thanked 4,461 Times in 3,452 Posts
Activity: 61%
Longevity: 51%
iTrader: (374)
Default Re: How many savings accounts can you have for one bank?

Yer that really is not great as a long term plan

If you don't need to use the money then keep it in the Halifax savings account.

If you keep getting money into the account and withdrawing it that is what often causes banks to look at the savings accounts and close them down
Reply With Quote
  #18  
Old 01-25-2016
Senior Member
Threadstarter  
 
Join Date: Aug 2012
Posts: 183
Thanks: 25
Thanked 29 Times in 25 Posts
Activity: 0%
Longevity: 56%
iTrader: (1)
Default Re: How many savings accounts can you have for one bank?

It's not your right and it's making me worried as so many of my stealth accounts have a savings account to it but not a lot of money is going in them. My main PayPal account has my current account attached to it not a business account but current account is that ok to keep bringing the larger payments into? Is that good business practice?
Reply With Quote
  #19  
Old 01-25-2016
JamesNorth101's Avatar
Super Moderator
 
Join Date: Apr 2013
Posts: 17,575
Thanks: 1,503
Thanked 4,461 Times in 3,452 Posts
Activity: 61%
Longevity: 51%
iTrader: (374)
Default Re: How many savings accounts can you have for one bank?

It depends how large your large payments are

Banks know that people sell on PayPal using their current accounts.
Reply With Quote
  #20  
Old 01-25-2016
Senior Member
Threadstarter  
 
Join Date: Aug 2012
Posts: 183
Thanks: 25
Thanked 29 Times in 25 Posts
Activity: 0%
Longevity: 56%
iTrader: (1)
Default Re: How many savings accounts can you have for one bank?

A few grand a month. I was hoping to do the same on my other accounts as well but being savings accounts probably best not to now.
Reply With Quote
Reply



Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
How many UK savings accounts can you have for one bank samspalace eBay Discussion! 0 01-23-2016 08:37 PM
Too many bank/savings accounts? medway30 UK eBay & Paypal 18 01-13-2015 01:28 PM
bank / savings accounts ooooo.halo Subscriber Discussions 2 10-29-2014 06:41 AM
Multiple Savings accounts at same bank boxcutters PayPal Talk 3 07-07-2010 02:26 AM
how many savings accounts can you open at one time with a new bank? ms. pickle Credit Card Alternatives 0 05-25-2010 06:09 PM


Aspkin Group

All times are GMT -5. The time now is 09:51 PM.


Stop the guessing games and learn how you can quickly and easily get back on eBay today!
Read the best selling step-by-step eBay Suspension guide eBay Stealth!
Amazon Suspension? Read Amazon Ghost to get back on Amazon!
vBulletin® Copyright ©2000 - 2019, Jelsoft Enterprises Ltd.
Ad Management by RedTyger
no new posts