Forum

firewall your bank account.
 

I just found out that most us. banks not just banks like ing will set up a "firewall" bank account for you. When I asked people's bank about it. They flat out told me it is to protect their customers from paypal. Banks and paypal are going head to head. So they want to protect customers against chargebacks and fraud.
ask your bank that you want a firewall bank account or accounts. All with different routing numbers.

So they setup a separate account for you... and funnel your funds from that account to your main account while keeping the firewall account with a low balance?

That's nifty..

I don't think ING does that though.

Really didnt know about that...i will have to call and find out.

interesting.. wonder if BOFA does this

peoples told me that most banks will do it. Their main purpose for safe internet shopping. and paypal

you got peoples??? me too...

What I have done is told the bank(s) I want my monies protected from paypal. Banks want my business so they do it.

Setting Up Buffer / Firewall Bank Accounts » My Money Blog

Good read

Could this be another way to get a new account number? Well, a new one enough to fool PP and eBay.