UK eBay & PaypalGeneral discussions about eBay.co.uk Suspensions and Paypal.co.uk limited accounts. This forum is geared towards UK eBay & Paypal sellers.
The key to success with multiple accounts with one banking group is not how many you have but how they are used.
Been mentioned before that you need to be seen to use them as 'normal' accounts.
If all they do is receive funds from p/p in a mismatched name then the bank will start to take a closer look at all your accounts. They have a legal obligation to monitor all customer accounts for unusual activity that may indicate money laundering.
All very true. Let me be an example to everyone. Don't just go opening a ****load of bank accounts and thinking it'll be OK. Some poeple get away with it, some don't. The best advice I've seen given here is: open bank accounts when you actually need them.
The Following User Says Thank You to derbydave For This Useful Post:
as above, opening and closing accounts with the same bank all the is not good try not to stick to the same banks all the time.
It helps if you try and understand, what banks check what when you apply
also it helps to try and understand the process, for example it helps to know which banks check first and last names (Lloyd's) which banks check only last names (santander) and which banks only check account number and sort code (no names) when money is been transfered.
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^The above is from a u.k point of view^
I wouldn't make a habit of always applying for current accounts as don't forget these type of accounts are the ones that do the credit check. Try searching for an account that only do a basic ID search or look at some type of savers.
Quick question to all of those who recommended NatWest. Do their saver accounts work in the same way as their current/basic or should these be avoided? I've opened one purely as a saver anyway, but since it's given a new account number and sort code thought I would ask! Thanks in advance
People have recommended Halifax and The Bank of Scotland on this thread but they are owned by Lloyds which is specifically not recommended. Just wondering what peoples thoughts are on this as I bank with The Bank of Scotland.
The Following User Says Thank You to sweetie For This Useful Post:
Never an issue because I stopped using both in early 2006.
They allowed paypal to 'touch' my funds despite having a written cancellation of the DD mandate at two different branches (two paypals at different banks were limited).
These days, I notice they tend to be lower on the list.
Never an issue because I stopped using both in early 2006.
They allowed paypal to 'touch' my funds despite having a written cancellation of the DD mandate at two different branches (two paypals at different banks were limited).
These days, I notice they tend to be lower on the list.
I'm having trouble re adding halifax savers when it's time to withdraw from PayPal. This is currently the case on two 100% stealth paypals. Both banks have already been confirmed, and removed.
Anyone having any similar issues? The message I get says "we're sorry, but we weren't able to confirm your identity and can't let you link a bank account at this time".
