Forum

Withdrawing to a UK Bank Account from Paypal - Do bank details have to match ?
 

It says on paypal, that the name on your bank account must match the name thats on paypal when you add the bank or your withdraw will fail?

Is this true?

Or do none of the details on paypal have to match the details on the bank account, except for sort code, and account number ?

Does the above apply to all banks? Or will some banks tell paypal the name etc?
What banks does everyone use?

Banking
 

Obviously the account number and sort code have to match otherwise the funds transfer would'nt go throught .
However the name does NOT have to much , otherwise people would'nt becreating paypal accounts in stealth details.
The bank does not see the stealth name on your paypal account , this would be an invasion of privacy .
I have withdrawn money into my bank account many times under an alias name from stealth account details and it has allways worked .

:thumb:

Yep, crazed is correct. BUT there are banks in the UK that are known to share info with paypal & it is best not to use them. Lloyds TCS is one such bank. :ranger:

TSB :)

CaptainJack

are there any other banks we should be wary of?

Be very aware of using alias names on your paypal accounts to withdraw money to your bank accounts, I got called into the bank last year with the threat of closing my account, the reason, they can see all the different alias names that the money goes into the bank on, the bank manager even showed me the details, which according to him they see "before" the money is transfered, so in theory if you piss them off with too many alias' the bank can refuse the transaction and the money will get kicked back to paypal, as we know this is never a good thing!

How many transactions did you do? Yes bank manager can always check but your account must have been flagged for manual review.

i don't want to do this anymore

I did about 5 or 6 transactions before I got the phone call to go see the bank manager, he basically said we cant have money coming into your account under different names as it could be perceived as fraud, there is no problem now as I found a nice little loophole within paypal :bounce:

Jason357, What bank was this ?I refer to the bank that called you in?
Also, tell us about this loophole

The loophole goes round with a circle in the middle.

Best bet is to turn PayPal account into your bank account and use with PayPal Credit Card.

YES!

loophole yes, ie a hole in paypals system!

Yeah, a big loophole! What a funny reponse.

trouble is you can't get uk paypal credit cards anymore....:-(

is there any alternative to withdrawing to a bank account in the UK at the moment ?

Just dug this post up as I also need to add an account with different name, has anybody done this recently? PP are telling me this cannot be done, this is copied from the site -

How else can I get my money out of paypal? Especially where a stealth account is concerned which is not in my name

What bank are you with?

Halifax, Natwest, HSBC or Lloyds

Halifax and Natwest are fine for stealthing - names dont need to match.

HSBC was okay for me but is not reccommended by some people.

I would not advising using Lloyds for reasons previously discussed in the thread by GB.

Ok thanks for that. So the script I copied from paypal is not true? Or when I enter the bank account details I use the stealth name instead of the bank account name?

Use ONLY stealth name, input NOTHING in your real suspended details.

works for me :D