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  #1  
Old 12-12-2013
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Default Paypal UK - HSBC Saving Account

Hi Guys,

Can I use my HSBC saving account for my stealth Paypal? Thank you in advance.
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  #2  
Old 12-12-2013
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Default Re: Paypal UK - HSBC Saving Account

Savings account no... Basic bank account yes
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Old 12-12-2013
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Default Re: Paypal UK - HSBC Saving Account

Better off going with a current or basic account
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Old 12-12-2013
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Default Re: Paypal UK - HSBC Saving Account

just opened a HSBC basic acc.and taking forever..not have all info till next week so it will be over 2 weeks...ouch
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Old 12-12-2013
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Default Re: Paypal UK - HSBC Saving Account

Stealth takes time and patients for the best results.
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  #6  
Old 12-12-2013
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Default Re: Paypal UK - HSBC Saving Account

Some people are saying that they used saving accounts without problems and others say categorically no to it, so it's a bit 50/50 situation, I guess depends on personal experience. But thank you all for your comments, much appreciated.
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Old 12-13-2013
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Default Re: Paypal UK - HSBC Saving Account

halifax saving acc used to work, im not sure now, you can try them...
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Old 12-13-2013
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Default Re: Paypal UK - HSBC Saving Account

If your savings account can take the DD mandate then there is a good chance it could work although thats not to say there could be other issues or issues down the line.

I always use basic bank accounts, it eliminates any potential issue down the road as they are tried and tested and have all the functionality needed for stealth.
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Old 12-30-2013
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Default Re: Paypal UK - HSBC Saving Account

so saving account may won't work with stealth name ?
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Old 01-04-2014
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Default Re: Paypal UK - HSBC Saving Account

Rbs, natwest, barclays all good. Just try it, if no good add another diff saver
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Old 01-04-2014
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Default Re: Paypal UK - HSBC Saving Account

Here in US you can use HSBC checking or Saving account I use this bank myself with no problem...when I add a bank account to my paypal I always mark it as a checking account...even if it is saving account..it looks better when you mark as a checking account in my exp.
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Old 01-05-2014
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Default Re: Paypal UK - HSBC Saving Account

Hey ladyjane,

What does checking account means?
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  #13  
Old 01-06-2014
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Default Re: Paypal UK - HSBC Saving Account

Quote:
Originally Posted by zg00020 View Post
Hey ladyjane,



What does checking account means?

It is the US equivalent of a UK current account.
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  #14  
Old 01-06-2014
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Default Re: Paypal UK - HSBC Saving Account

I use HSBC current account for UK operations of mine - works well
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Old 01-07-2014
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Default Re: Paypal UK - HSBC Saving Account

Quote:
Originally Posted by aquariusvc View Post
so saving account may won't work with stealth name ?
i'm using a few at the moment with stealth names.
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  #16  
Old 01-07-2014
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Default Re: Paypal UK - HSBC Saving Account

The issue with savings accounts is that they will not accept the direct debit mandate, which can be a problem.
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Old 01-07-2014
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Default Re: Paypal UK - HSBC Saving Account

Put it through with Direct Debit then once verified remove the savers then add. The problem is that after a while it rejects the Direct Debit Mandate.

Proceed with caution on fresh PayPals as they like to let you call up to get it manually readded. Which is no issue really but a reason for them to look at your PayPal.
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Old 01-07-2014
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Default Re: Paypal UK - HSBC Saving Account

James is absolutely right, by default MOST high street saving accounts cannot accept a Direct Debit Mandate. They are not originally designed too. They are however some saver type accounts which are now beginning to accept direct debit payments (often online). Some of these providers are listed below:

TESCO Bank (multiple DDs allowed)
West Bromwich BS (selected accounts)
Egg (Yorkshire BS; allowing multiple DDs on same account)
Bank of Ireland Websave
BM Savings (existing accounts only)
GE Capital

The Savings providers below (which are most high street banks) dont have a Direct Debit feed:

- Barclays savings accounts
- Barnsley BS
- Cambridge BS
- Chelsea BS
- Coventry
- Derbyshire
- KRBS
- LLoyds savings accounts
- M&S Savings
- N&P
- National Counties
- Northern Rock
- Nottingham Building Society
- Saffron BS
- Sainsbury's Bank
- Skipton
- Yorkshire BS (except for old Egg accounts, it seems)

For best stealth results, pretty much everyone on here would recommend opening a basic current account. Afterall Its not any harder than opening a savers account so why go for cotton when you can have silk as the saying goes

Last edited by GreenBean; 01-15-2014 at 02:55 AM.
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  #19  
Old 01-07-2014
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Default Re: Paypal UK - HSBC Saving Account

Great list, but just to note that there are reposts that Tesco saver account cannot verify PP accounts, although it can be used to withdraw.

Last edited by JamesNorth101; 01-07-2014 at 03:15 PM.
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  #20  
Old 01-07-2014
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Default Re: Paypal UK - HSBC Saving Account

Quote:
Originally Posted by JamesNorth101 View Post
Great list, but just to note that there are reposts that Tesco bank cannot verify PP accounts, although it can be used to withdraw.
I've had no issues using TESCO to verify?
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  #21  
Old 01-07-2014
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Default Re: Paypal UK - HSBC Saving Account

Good news, not used it myself which is why I say there have been reports on the forum.

Thought it prudent to point out.

How long ago did you verify the PP using the Tesco account? And was it the savers account or the current account. That post was RE the saver account mentioned by tmastermind

Last edited by JamesNorth101; 01-07-2014 at 03:16 PM.
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  #22  
Old 01-07-2014
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Default Re: Paypal UK - HSBC Saving Account

Recently actually. I didn't know it had been spoke about on the forum that it wasn't a good choice - but it worked and have withdrawn as well.

Correct me if im wrong but isn't there talk of TESCO starting current accounts because they did so well in 2013? Thought I saw this on the news.
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