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Withdrawing money to banks and transferring funds
 

Hi guys I have a question about the banks linked to my various paypal accounts.

Obviously the funds from each paypal account are withdrawn into separate bank accounts, but when taking the money out of the banks, do I need to go to each of those banks to get my money in my hands? Or can I transfer the funds from each bank to one "master" bank account and withdraw my money from that one bank account?

Is this going to raise any flags with my financial institutions having money from multiple bank accounts transferring into one "main" bank account?

I'd like to be able to transfer the funds in this manner because it makes it easier rather than having to go to each bank with my account numbers in order to withdraw my money.

Please let me know what you guys suggest. Thanks!

Re: Withdrawing money to banks and transferring funds
 

What type of accounts do you have?

Do they not allow internet banking?

:spy:

Re: Withdrawing money to banks and transferring funds
 

The accounts I have are with Capital One, Bank of America, HSBC, and TD so far. They all have internet banking capabilities. It would be super easy to transfer funds online, I just want to make sure this is a safe practice.

Re: Withdrawing money to banks and transferring funds
 

Bank transfer to bank transfer is fine.

Re: Withdrawing money to banks and transferring funds
 

I have not had any problems with transferring funds to my main bank I have a few different banks I use and transfer to my main bank.

Re: Withdrawing money to banks and transferring funds
 

How do you transfer money when your accounts are bogus?

Re: Withdrawing money to banks and transferring funds
 

What do you mean by this?

Bank accounts are not bogus

Re: Withdrawing money to banks and transferring funds
 

Not bogus, different names.

Withdrawing money to banks and transferring funds
 

I'd be interesting in knowing if jholl99 was successful at creating bank accounts in a different name, other than your own? Ive had accounts that consisted of a slight variation (maiden name, etc) but that's it.. Didn't think it was possible otherwise? Perhaps I'm wrong. As for the OP, even prior to being in this sort of business, I used to have 8+ bank accounts at different institutions and used to make transfers all the time between all of them. No problems, ever. I always had to budget the bills between my accounts, my (now ex) husbands accounts, and our joint accounts. Transfers should be fine.

Re: Withdrawing money to banks and transferring funds
 

You use your real detail for bank accounts. Need to read a lot more of the forum.

Make sure your bank accepts mismatching name withdrawals.

Re: Withdrawing money to banks and transferring funds
 

Forum has many posts with the names of banks that work for stealth & mis-match names.

:juggle:

Re: Withdrawing money to banks and transferring funds
 

Why bother transferring between accounts? Fees....wasted fees

Re: Withdrawing money to banks and transferring funds
 

agreed, if there are fees, then why bother? you can pay your bills using any bank and you can always change which one you use

Re: Withdrawing money to banks and transferring funds
 

And buy good stuff :thumb:

Re: Withdrawing money to banks and transferring funds
 

What everyone is alluding to is simple. A bank account MUST have your real information. ALWAYS. This is mainly due to the Patriot Act. If you mess with that then you are seriously asking for trouble. The proper way to set up your accounts is to have pp accounts that have incorrect names (called mismatch names), not your bank account. Never your bank account/s. Certain banks allow funds from mismatch names. In other words, they don't care who is depositing money into their bank. The more the merrier.

Re: Withdrawing money to banks and transferring funds
 

True but OP just wants to send money between his OWN bank accounts - not really an issue but...fees ugh