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Will my bank get suspicious?
 

Made my stealth account 10 days ago. Added a bank to pp to get verified. PP sent 2 different amounts to my bank account so then i can verify them on pp. I have Bank of america checking account. It is under my real name, but when paypal inserted the 2 amounts of change into my acc the title of these payments from pp said ( "my ⊗⊗⊗⊗ name, PP verify"). Will my bank think this is suspicious? Im sure many of you seen this before.

No, not for BoA...THERE IS HOWEVER A LIST OF NON WORKING BANKS (if your name is different).

http://www.aspkin.com/forums/subscri...-end-list.html

And just to be clear... ALL bank accounts will work. however, some require the name to be the same on the incoming deposit. Bank of america is not one of these. I use it all the time, and it works quite well.

sounds good, thanks for the reply guys.

If for some reason your bank asks why the money is coming in under another name, don't lie to them. Out right that is anyway. Tell them you sell stuff on ebay and you use a separate name for security because the internet is a crazy place. Not unreasonable.

If you try dancing around the issue it will just make them nervous about what you are up to

And they likely wont ask anyway

You could also say you have partners that sell with you and you handle the money.

I think that banks will only ask questions if you don't pay your fees and eB / PP contacts your bank.

Then most likely that'll cause your bank accounts to be shut down and you'll get a negative credit report.

What I like to do with multiple bank accounts in one bank is to take bit of money and invest with bank - builds solid relationship with them and then when you have 6-10 accounts, you are more secure. Be proper with the bank - they can be allies.

Invest with bank eh... hmm.. that's interesting.
but on what?

That's very good advice actually rsot. When a bank has a stronger relationship with you they value your business more and can ease back on you in some cases and go the extra mile in others.

You just dump some money into their offered mutual funds - you can go for high risk-high return or just diversify. Some bonds, etc. too - build a decent portfolio.

A good relationship will save you @ss dealing with stealth.

Ha First Ed. - or get you @ss...kind of seeing this bank teller right now ha anyhow...

Yes, stealth income aside, building good relationship with your bank also makes a lot of opportunities available for side endeavours outside the Net

correction - your

Was on my mobile :)

+1 for your spelling.

Thanks for the replies guys, great info.