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Bank Account for PayPal
 

Hey guys new member to this forum and section. Just picked up both books and will start reading them tonight.

Before I get too deep, I'd like to prepare myself by getting some ideas on the best banks to use for a stealth PP account.

I am seeing some say VBA which I assume means virtual bank account. If so what are some the best banks to use?

I believe many are using PNC Bank and TD Bank? Sad thing about TD is that I do not have one locally, but there are a lot of PNC banks in my area.

Thanks guys and look forward to learning more.

Re: Bank Account for PayPal
 

VBA are supplied in the marketplace here.

Bare in mind that a VBA cannot be used to withdraw, just to verify the account. A real bank account will still be needed :thumb:

Re: Bank Account for PayPal
 

Correct. I was planning to use a VBA to verify the account. Once all setup and ready to go and I actually have money in the account, then I'd withdraw to my actual checking account.

Which then leads to my next issue and that is I believe PNC is a good option as far as my bank that allows no matching name deposits?

Re: Bank Account for PayPal
 

If you can stick with BofA and Chase. Ive had mixed results with PNC, never with Chase or BofA.

Re: Bank Account for PayPal
 

Currently have Chase and BoA. I was actually looking for another alternative instead of opening multiple accounts at the same bank. I already have a couple accounts at each BoA and Chase.

Re: Bank Account for PayPal
 

PNC has worked fine for me for the last 6 months or so with mismatched names, though I don't receive a ton of deposits.

Other banks to consider are Wells Fargo and Citi. You can open accounts online if there are no branches near you.

Re: Bank Account for PayPal
 

Welcome to the forums OP - you can also open TD via calling them up. Docs will need to be submitted however.

Re: Bank Account for PayPal
 

I have PNC Virtual Wallet. It is 3 accounts in 1. I have had no issues at all with mismatch deposits.

Upside to Virtual Wallet - you do everything without branch/teller assistance.

Downside to Virtual Wallet - you do everything without branch/teller assistance.