paypal & HSBC in the UK

[Alps_a somewhatlegend]

I recently did a transfer to my hsbc bank savers account. I paid the fiver to pp for faster withdrawal.

It went through all good but about 2 weeks later, I got a printed 1 page letter from hsbc saying that my transfer went through ok.

They then went on to say who the beneficiary was and listed my stealth name and address!!!



My hsbc is obviously in my name and address but pp is in stealth.

The only way hsbc were able to get the beneficiary details can only be through pp.



Therefor my conclusion is pp does share info with banks or how else would my hsbc got my stealth details?

Just wanted to mention what happened - thanks



Oh..... also on the same account, when I do normal withdrawals from pp (not paying the fiver for faster) then no letter comes.

My eb, pp and hsbc are still working fine.

[Imakemoney]

Hi mate not seen you in a while where you been?

As for the paypal sharing your info - the simple fact is that some banks do not care about what name the debit is being received from.

HSBC can be troublesome - so try stick to the other banks such as Natwest, RBS, Cooperative for example.

Im not sure why it only does it with the faster withdrawal though

[Alps_a somewhatlegend]

Hi. I been hiding under my duvet - life done my head in for a bit! - ha ha.

I had to give away my 305bhp rx7 twin turbo for free coz my mommy said I am not allowed 2 cars and a motorbike and if I did not get rid of I would get kicked out... mmmm. I grabbed some guy from the high road who had a crap car and told him its his lucky day!

Anyway...peeps say dont bother with the faster withdrawals and they are correct - at the same time I did the faster withdrawal, I also did a normal one to my other hsbc.... and guess what.... the normal transfer arrived in the morning but the one I paid an extra fiver for came in the evening!

hsbc have been good to me and I have had no probs so far with my 4 months with them but as you say they can be a pain - I got lucky maybe

[Imakemoney]

when opening new banks I would still advise looking at banks easier to work with in regards stealth dude.

Haha going to say not seen you around for a good few weeks, thought you'd deserted us!

Faster withdrawals suck yeah as I keep telling people but some people still insist on using them even though it makes no difference to when you get your cash.

[rsot]

Of course pa yp al will communicate the info of the DEPOSITOR to your bank - yes your bank will have details. Many banks look the other way but if you deposit a lot of $ and bank decides to look at details, yes they can see.

Vice-versa also: Bank to pp...

This is the way the financial world works.

[Imakemoney]

But the key is that a lot of banks simply dont care - I have friends in banking who can confirm this.

So the best way around it is to add banks that dont mind what name the monies debited from as previously stated

[stickmade]

Originally Posted by Alps_a somewhatlegend

I recently did a transfer to my hsbc bank savers account. I paid the fiver to pp for faster withdrawal.

It went through all good but about 2 weeks later, I got a printed 1 page letter from hsbc saying that my transfer went through ok.

They then went on to say who the beneficiary was and listed my stealth name and address!!!



My hsbc is obviously in my name and address but pp is in stealth.

The only way hsbc were able to get the beneficiary details can only be through pp.



Therefor my conclusion is pp does share info with banks or how else would my hsbc got my stealth details?

Just wanted to mention what happened - thanks



Oh..... also on the same account, when I do normal withdrawals from pp (not paying the fiver for faster) then no letter comes.

My eb, pp and hsbc are still working fine.

mmm the exactly same thing applies with santander. I do a fast transfer and i get a little invoice in a few weeks later, on the invoice, my PP stealth name & address. I was gobsmacked at first but soon thought to myself if they are allowing me to do it then fudge it.

[GreenBean]

For successful stealth, for less stressful stealth try the following:

Dont pay that fiver. It's odds on to be slower than a cricket match

'Special' transfers get held in the chain of moving money. Bank covers themselves by making sure everything is kosher. (after all if a customer is moving that £300 of money laundering, then the bank is going to keep tabs on the transaction.)

Avoid some banks. There's a tried & working list of 'nice' banks.
It's a cat & mouse game. Play with as sharp a lot of claws as you can

[cherrqell]

Originally Posted by Imakemoney

But the key is that a lot of banks simply dont care - I have friends in banking who can confirm this.

So the best way around it is to add banks that dont mind what name the monies debited from as previously stated

Banks just want your money, and to make money. As long as they are not breaking any laws, and submitting to the banking regulations, they will usually just leave you alone, unless you do something really suspisious, or the Feds start snooping around.

[oompaloompa]

I have not come across a bank so far, inc HSBC that has shared info to my knowledge.

[Imakemoney]

It just seems to happen when you use the faster option withdrawal from what i can gather so stay away from it and everything should be fine - doesnt seem to get your money any quicker anyway

[rsot]

They don't actively share but when you move money around, receipts with info are generated.