Bank Accounts

[menaice]

Ok i have read through the stealth guide and i have learned alot. What still is kinda up in the air for me is bank accounts. Say i want to make 5 stealth ebay/paypal accounts ... do i need 1 bank account for each stealth account? When i sit back and think about it... its like wow thats alot of bank accounts to have open. Is there another option to this... or is this just how it is normally done?

[rsot]

To withdraw you need each one to have separate bank account. IF you read around the forums, you will see the concept of a vir tu al ba nk account (VBA) for verification purposes...

[menaice]

thanks for your response, i think i am going to use a forum members service for both vcc and vba

[rsot]

That's a good start - reliable service here.

[cvcmarketing]

Menaice.... i have 12 real working savings accounts in my name alone and some in family members. I spread my sales over many differen't accounts so the dollar amounts i withdraw are not huge per each account. Many banks allow incoming ach deposits not matching the name on the bank account... also being creative helps too..:D

[Suliena]

Hi, does having multiply accounds affect you credit profile?!?!

[lagoonclub]

Some banks do a hard credit check when they open your account. Ally does it the first time.

Other banks do a soft credit check, which doesn't affect your score.

Still, other banks simply use Chexsystems, which also doesn't affect your score.

Banks Do Hard Credit Inquiries On Checking Accounts | Sweating The Big Stuff

[jeffweico]

A credit inquiry (hard pull) WILL drop your score by a couple of points, but it is very minor. Having a lot of inquires would be more problematic.

But in my experience it really does not matter much to the credit grantors. There are legitimate reasons that a person could have several bank accounts. My father had a personal checking account, personal savings, business operating account, business tax account, personal tax account, capital expenditures account, vacation account and a couple of others for properties he owned. And this was all before the dawn of the internet.

[Suliena]

Thanks! can anyone recommend good UK bank with "soft" credit checking? I've got very good credit score...and don't want some extra 10+ accounts ruin everything i've done!

[menaice]

Does BOA do soft credit checking?

[youniverseonline]

I had BOA turn me down for online banking and they wouldn't tell me why,
I don't have any kind of debt or a bad credit score,
So i tried Suntrust and HSBC online and both approved no issues,
I would recommend them 2 i mentioned if you are in need of new banks,
Thanks

[jeffweico]

Originally Posted by youniverseonline

I had BOA turn me down for online banking and they wouldn't tell me why,
I don't have any kind of debt or a bad credit score,
So i tried Suntrust and HSBC online and both approved no issues,
I would recommend them 2 i mentioned if you are in need of new banks,
Thanks

B of A owns a lot of cards that are not branded as B of A. And they have taken over a lot of other banks. The thing with them is (and I am NOT saying this applies in your particular case) that if you have defaulted, or otherwise left anyhting unpaid with them or any subsidiary - NO MATTER HOW LONG AGO IT WAS - they are VERY unforgiving about it. Credit Bureaus are only allowed to report 7 years of history, but B of A internal records last forever....

[meVebay]

Suliena, you can apply for the Halifax Easycash online.

There are no credit checks, just ID checks (electoral roll etc)

Perfect for eBay/PP!