For anyone struggling for more bank accounts

getaroundebay · #1 08-13-2009

For anyone struggling for a bank account, whether you have exhausted all possible accounts, or for credit reasons, google "think banking".

Will give you the account number/sort code straight away.

It costs £25 to set up and £12.50 a month, so a little expensive, although they will take the set up fee and 1st months payment from your first deposit.

If you are on the electoral register, no need for any docs, they can verify you electronically and the card comes in less than a week. No credit checks, just ID check.

If anyone else knows of any of these sort of products, post here.

I have just bought a tuxedo card (£10), they offer direct debits, but you have to send the form you sign on paypal to them....

Just hoping they will accept an electronic instruction!

captainjack1980 · #2 08-13-2009

Very interesting on the tuxedo card.... I have been looking for something like that for a while, thanks. Please let us know how you get on.

Think banking and their ilk are a waste of time in my opinion.... they are designed to help people with poor money management skills and conversly this makes it more difficult to manage your money how YOU want.

Captainjack

getaroundebay · #3 08-13-2009

Yeah, I know what you mean with Think.

digzz · #4 08-13-2009

(I have just bought a tuxedo card (£10), they offer direct debits, but you have to send the form you sign on paypal to them....

Just hoping they will accept an electronic instruction! )

I doubt that will work. As I've been on there website and you have to fill out a form.

getaroundebay · #5 08-14-2009

No harm in trying though!

idiotbay · #6 08-18-2009

I have been looking for virtual bank accounts for ages, anyone had any success with the above

thanks

crazed_ebayer · #7 08-18-2009

The first option with THINK is probably the best .
There are a few bank accounts online that can be rented monthly .
Strangely they all cost the same , £25 or £ 30 to open and then £12.50 or £ 15 every month.

I will be using one of these accounts for my next PP account .

One question though , do THINK accept dd and the 2 small depositis from Paypal ??

captainjack1980 · #8 08-18-2009

Good luck with them.

I hung up half way through the initial call with my money 'manager'. Waste of time.

They do accept DD though....

CaptainJack

idiotbay · #9 08-19-2009

crazed_ebayer, if u do try it and it works, please let us all no. As this would be brill

getaroundebay · #10 08-19-2009

Yes I can confirm, THINK BANKING does accept the paypal deposits.

One thing to be careful on, you get 2 account numbers, one is your billing, and one is your salary. You have to use the right one. They will explain it all on the phone, a 15 minute phone call is all it takes. They will even call you back to save your phone bill!!!

You get a Mastercard with the account, and PayPal deposits take 4 working days to clear, ie before 4.30pm Monday will be in your account Friday! You get a txt at 6am in the morning everytime you get money paid in and the amount.

getaroundebay · #11 08-19-2009

Also, crazed ebayer, you mention they are a few. I know of One banking, and Think, do you know of anymore?

idiotbay · #12 08-20-2009

so for paypal which account number would u use ?

Also are there any limitations, like its just like a savings account right , u can put money in and take money out, direct debit etc

also what age must one be ?

thanks

idiotbay · #13 08-26-2009

anyone got the answers to my ?s above , ^^^^^

webguy · #14 08-26-2009

If you need to verify Paypal in a hurry with no money upfront, the quickest way I have found is with AccountNow.

After you've signed up for an account they give you your routing number and account number immediately.

You can then use those numbers to verify your paypal in 2-3 days and in 5-7 days you will receive your card in the mail.

As far as a reliable real bank account in which I have not had any problems with so far Bank Of America is a good choice. You can open an online account for free. The only requirement is that you deposit money in the account within 30 days.

One more debit card that is good for verifying paypal, especially if you need one with a bank account other than MetaBank, Rushcard is a good one to use. They send you a card with routing and account number free.

All of the above mentioned are free to start.

Ebayorbust · #15 08-27-2009

Quote:

Originally Posted by webguy

If you need to verify Paypal in a hurry with no money upfront, the quickest way I have found is with AccountNow.

After you've signed up for an account they give you your routing number and account number immediately.

You can then use those numbers to verify your paypal in 2-3 days and in 5-7 days you will receive your card in the mail.

As far as a reliable real bank account in which I have not had any problems with so far Bank Of America is a good choice. You can open an online account for free. The only requirement is that you deposit money in the account within 30 days.

One more debit card that is good for verifying paypal, especially if you need one with a bank account other than MetaBank, Rushcard is a good one to use. They send you a card with routing and account number free.

All of the above mentioned are free to start.

None of this is of any use for people setting up UK Paypal accounts.

ivonnewun · #16 09-03-2009

So has anyone used Think or One Banking for Paypal ?

idiotbay · #17 09-03-2009

not sure about think, but i used one banking , they dont do direct debit, so one banking wont work

uk_making_chatters_disapp · #18 09-09-2009

If you dont want to be paying a monthly sum for a bank account in uk

go to halifax and open the standard account...all you will have to do is pay 100 pounds into to start it off and to get the card and then its active and then you can use 100 pounds as soon as u get the card etc simple lol

ivonnewun · #19 09-10-2009

i know you can go to the halifax, but the question is will it draw any more attention to yourself if you have more than 1 or 2 accounts in the same bank

oompaloompa · #20 09-10-2009

I cannot see why anyone would want to pay those charges, when they can just have to get a free bank account. When you say draw attention to yourself, attention from whom? the bank? or paypal? either way not an issue, Ive got more than one with a few banks...

Just dont go ott, opening a stack of accounts in one go with one or more banks will red flag you, in terms of the banking system itself (probably think you are a money launderer)

crazed_ebayer · #21 09-14-2009

Quote:

Originally Posted by oompaloompa

I cannot see why anyone would want to pay those charges, when they can just have to get a free bank account. When you say draw attention to yourself, attention from whom? the bank? or paypal? either way not an issue, Ive got more than one with a few banks...

Just dont go ott, opening a stack of accounts in one go with one or more banks will red flag you, in terms of the banking system itself (probably think you are a money launderer)

Here you have answered your own question , if you open up to many accounts with one bank then they do get suspicious .

You are allowed to open up as many current accounts with your bank as you want IN THEORY however as soon as you open more than 2 or so the bank gets suspicious .
Yes , they think you need the accounts for criminal purposes like money laundering.

The banking issue in the UK is a real challenge for UK Paypal accounts...