mattytman | 04-28-2011 07:06 AM | New Members/Readers: BANK ACCOUNTS I have read and re-read the same few questions about attaching bank accounts to PayPal. For everyone just entering the world of Stealth the following three point must be remembered when attaching a bank account to PayPal. 1, YOU CANNOT AND SHOULD NOT ATTEMPT TO OPEN A BANK ACCOUNT IN SOMEONE ELSE'S NAME. THIS IS ILLEGAL. WHEN OPENING A BANK ACCOUNT ONLY EVER USE YOUR OWN GENUINE DETAILS. 2, PAYPAL DO NOT SEE THE NAME ATTACHED TO YOUR BANK ACCOUNT. THIS IS WHY IT IS LARGELY OK TO USE MANY OF THE HIGH STREET BANKS IN CONJUNCTION WITH PAYPAL. 3, MOST SAVINGS/E-Saver ACCOUNTS DO NOT WORK BECAUSE THEY DO NOT ACCEPT DIRECT DEBIT MANDATE. IT MAY APPEAR THAT THEY WORK TO VERIFY YOUR ACCOUNT...BUT 1 DAY, 1 WEEK, 1 MONTH DOWN THE LINE PAYPAL WILL REMOVE CERTAIN SAVINGS ACCOUNTS FROM YOUR PAYPAL ACCOUNT. THIS RAISES FURTHER RED FLAGS TO YOUR STEALTH PAYPAL ACCOUNT AND PUTS YOU IN DANGER OF AN UNWANTED LIMITATION. IF YOU SEARCH THROUGH THE FORUMS HERE YOU WILL FIND OUT WHICH BANKS ARE THE BEST TO USE (AND WHICH TO AVOID).
All the information you need to get started with bank accounts is contained in the above three points. |