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-   -   Are there Banks that allow Multiple savings accounts under one checking account (https://www.aspkin.com/forums/subscriber-discussions/9638-there-banks-allow-multiple-savings-accounts-under-one-checking-account.html)

rond100 02-20-2009 10:23 AM

Are there Banks that allow Multiple savings accounts under one checking account
 
I had a ING checking account. With this checking account you can open up to 30 savings accounts at any giving time

I used this to open over 100 paypal accounts over several months.

I was recently contacted by ING, because of the paypal deposits coming in under different names.

They closed the bank account. I never actually use the paypal accounts I only use it you open a verified paypal account to sell on eBay. I bill customers in other ways.

Are there other banks that allow you to open sub accounts besides ING?

Thanks in advance.

foster 02-20-2009 10:43 AM

Another option would be a single savings account with multiple checking accounts. That's what I'm using. Each checking account gives you a different account number for verifying, etc. This is also what they talk about when firewalling your savings account.

Just make sure it's a checking account that doesn't require a minimum balance and doesn't automatically move money from savings to cover and charges.

aspkin 02-20-2009 02:53 PM

Which bank account is that foster?

I've heard of another account like ING rond100, but I can't think of it now.

I'll look around.

foster 02-20-2009 03:17 PM

Quote:

Originally Posted by aspkin (Post 76439)
Which bank account is that foster?

I've heard of another account like ING rond100, but I can't think of it now.

I'll look around.

It's a just a local credit union.


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