UK eBay & PaypalGeneral discussions about eBay.co.uk Suspensions and Paypal.co.uk limited accounts. This forum is geared towards UK eBay & Paypal sellers.
Bank of America offers this, as many businesspeople use different accounts to keep money segregated for tax purposes.
Once you have been approved, it should be no problem for get a couple of new accounts. A rep actually told me that one customer has over 100 accounts with BOA. They don't seem to think anything of it.
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I've heard halifax (think abbey also) allow online savers accounts that can be set up in a matter of minutes, you get the sort code and account number straight away, dont quote me though, cos its only something I heard!!
as a matter of fact its painfully slow with barclays as they require you to go down the branch with each additional account and re supply identifaction documents, not that this is a problem but an online option would be easier.
If you already have an account with Natwest and you have online banking, you can easily log on to your online banking and open up numerous savings accounts which work perfectly with paypal so you can verify it and withdraw money to it...!!!
They even tell you your sort code and account number on the last page of the savings account creation so you dont need to wait the 4-7 days for it to come in the post...!!
I believe there is a cooling off period for closing an account. This is to resolve any outstanding issues which *may* result related to transactions with the account.
Sounds alot like PP donit?
Still better to close an account than leave dead ones open.
Smile are the best in my opinion. No fuss, just straight with what you need.
I firstly opened a savings account thinking that I could use it as a bank account but as it doesn't accept direct debits I couldn't - Although it was still useful to link to my eBay.
Then with no hassle I opened a current account within the space of 24 hours. Sent me the documents through the post and even gave me an overdraft limit of £500 pounds. There is also option for other accounts such as a Smilemore Account and an ISA.