Is Natwest any good for stealth

[Bradd]

Im think of using my old natwest account and use a sub account to open a stealth paypal account are they ok in accepting deposits in a different name ect ect

[GreenBean]

I use Natwest for a business account without issues.


Hope that helps,

[Play]

Yup!, Been using Natwest personal accounts for a while. Works a treat.

[JamesNorth101]

It works really well

[aksalesonline]

Yeah I currently have 4 current accounts with them wit lh 4 savers and it's a pleasure to deal with.

[sax4]

Natwest not my favourite bank for various reasons but does the job for stealth

[vetus]

Would take Natwest over Halifax for sure - easy to open / close accounts at Natwest (slowly of course)

[sax4]

I didn't think you are able to close Natwest accounts online? but I know you can with Halifax

[rustypat]

Mine didn't work the bank rejected PayPals deposit

[mao]

just had a NatWest & saver closed, and RBS & savers closed for using the accounts as a business account.

[vetus]

That's why nowadays it's better to use business accounts.

[Trustfund]

Bank accepts all my deposits perfectly!

[spindoctor]

Originally Posted by vetus

That's why nowadays it's better to use business accounts.

This here, is the way forward.

[mao]

not everyone may be in a position to be accepted for a biz bank though.

[JamesNorth101]

Santander do a business account nearly anyone would be accepted for

[mao]

Originally Posted by JamesNorth101

Santander do a business account nearly anyone would be accepted for

Thanks james will have a look at it tomorrow

[UKGiftWarranty]

Legally speaking, you are under no obligation to use a business account- you simply have to ensure the personal/saver account is used exclusively for business. A bank may try to pressure you down the business route but you're under no obligation to use one.

[JamesNorth101]

That is right RE legalities but sometimes banks will have it in their T&Cs that you cannot use a personal account for a business and may shut you down if they catch you do this.

HSBC is one bank that does this quite a lot

[EbayAmazonBot]

I can vouch for this, had it happen to me with Lloyds Banking Group too.

Originally Posted by JamesNorth101

That is right RE legalities but sometimes banks will have it in their T&Cs that you cannot use a personal account for a business and may shut you down if they catch you do this.

HSBC is one bank that does this quite a lot

[blobby]

Originally Posted by JamesNorth101

That is right RE legalities but sometimes banks will have it in their T&Cs that you cannot use a personal account for a business and may shut you down if they catch you do this.

HSBC is one bank that does this quite a lot

Definitely some of the reasons why you shouldn't put all your eggs in one basket.

Have many stealth accounts with different banks so to spread your risk.