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Old 02-16-2009
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Default 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.
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Old 02-16-2009
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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.
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Old 02-16-2009
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Really didnt know about that...i will have to call and find out.
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Old 02-16-2009
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interesting.. wonder if BOFA does this
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Old 02-16-2009
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peoples told me that most banks will do it. Their main purpose for safe internet shopping. and paypal
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Old 02-16-2009
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you got peoples??? me too...
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Old 02-16-2009
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What I have done is told the bank(s) I want my monies protected from paypal. Banks want my business so they do it.
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Old 02-18-2009
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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.

Last edited by Burst; 02-18-2009 at 07:52 PM.
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