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A few questions: What are some recommended banks to use in the US? PO Box, or Mail box?

Discussion in 'Ebay' started by elanmars, May 13, 2015.

  1. elanmars

    elanmars Newbie

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    I have an ebay/paypal account a friend made for me, on the condition I change the bank information and address.

    What are some banks in the US that are recommended to use, that won't let paypal/ebay know my name?

    As for PO BOX or Mail box, is there one that's better than the other?

    Do I have to put it in my friend's name, or make up one?

    When changing address on paypal/ebay, should I also change my friend's name to something else or a made up one?

    Just want to make sure I'm doing this right so the account doesn't get flagged.

    Thanks a bunch.
     
  2. BassTrackerBoats

    BassTrackerBoats Super Moderator Staff Member Moderator Jr. VIP

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    I'm pretty sure that Homeland Security is not a fan of the no name bank account and instituted some kind of regulations there.

    Maybe there is a work around but screwing with the Federal Gov't's legal system can end up badly.
     
  3. elanmars

    elanmars Newbie

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    No, the bank account would have a name, either my friend's or mine. From reading a few threads, banks don't give out your name to paypal/ebay (the addresses just have to match), but I've also read about Capital One and Bank of America being problematic to some?

    So I'm just making sure, and double checking before changing anything.
     
    • Thanks Thanks x 1
  4. toml3030

    toml3030 Elite Member

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    I have had no problems linking stealth accounts to Bank of America, US Bank, Suntrust Bank, and Wells Fargo.
     
  5. elanmars

    elanmars Newbie

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    ^Awesome, thank you!

    In regards to address, between PO BOX and Mail Box, is one better than the other?
     
  6. toml3030

    toml3030 Elite Member

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    No difference. If you get a PO Box, remember than in US Post Offices you don't have to mention in the address that it's a PO Box; you can put the address of the post office as the address and the po box could be the Suite number or whatever.
     
  7. toml3030

    toml3030 Elite Member

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    A lot of times it's not the bank that's the issue, but how you move money. For example. I make it a point to never withdraw more than $800 at a time, because sometimes in situations like where the names don't match the branch manager has leeway, and in the bank I use for this paypal acct, the shift manager has authority to clear sub $1000 transactions by herself but anything more than $1000 has to be cleared by branch manager.
     
  8. archon10

    archon10 BANNED BANNED

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    My account is not fake, but PayPal has my old business name and I've never had an issue. But, the most I've transferred is $3500 from PayPal to my bank. In a month though I've probably done $8k some months.

    I've been flagged once and I'm not really sure why. I was trying to move $400 and they locked the account and I had to call in and fax them my DL and then something else. It was weird because I've moved thousands of dollars before then, and I slowed down and was only getting paid through PayPal for a few hundred dollars a month and they flagged me.
     
  9. jmt123

    jmt123 Regular Member

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    Correct, no US bank will give out your personal details to any 3rd party unless served with some sort of court order to do so. But the address does not have to match. If you use your real address to make a new Paypal account and you have a limited Paypal, you're going to easy link yourself that way. That's why you need an alternative address. You don't need to give your bank a new address. Or actually, you can't. You aren't supposed to use PO boxes or any similar mailboxes for banking, so you would need to use your real mailing address. But again they're not going to share your information.

    If you have a business Paypal account then your options are wide open. Any bank that offers business accounts would work, which is a great opportunity to use a local bank or credit union which may not charge any monthly fees. But if not, then you still have a lot of options. All of the big banks really are too big to care about the names not matching with incoming deposits. The only exception is for large deposits like mentioned already. You'll want to avoid large deposits anyway, because that can flag new stealth accounts so just stick to smaller ones and you'll avoid both problems.

    Bank of America works great for many people, myself included. Some people do have problems with them, but you can have problems with any bank if you push things too far. What I mean is you shouldn't have too many bank accounts open at one bank. Not just for stealth reasons, but just in general since you never want to put all your eggs in one basket. And avoid those high dollar withdrawals unless your name matches, or you have a business account where the business name matches and it wouldn't matter if a human looked at the withdrawal.

    UPS store boxes are overall better since you do get a real suite as your address but they're really expensive. For just having a new stealth address, it's not worth it in my opinion. Not unless it's for an old account that you know will last and is bringing in a lot of revenue. PO boxes are almost as good and you can actually turn them into two addresses, by using the actual PO Box address (like PO box 100), and by filling out a form to allow you to use the post office's address like a suite (so your address would be 123 post office street #100). PO boxes are so cheap, but sometimes you feel like you get what you paid for because even though they do accept mail from private carriers like UPS and Fedex, often times the packages gets lost for a few days and it's always fun trying to get them to find it when all you have is a fedex tracking number. Normally I would say this is just my post office being incompetent, but I'm pretty sure that describes the majority of post office workers.
     
  10. D4RK KNIGHT

    D4RK KNIGHT Regular Member

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    Almost all Banks that I have used accept mismatching names when transfering funds from PayPal to a Bank.

    Banks that I stay away from that require matching names are:

    Capital One
    ING Direct
    Wacovia
     
  11. elanmars

    elanmars Newbie

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    Lots of great info here! I don't do enough major business, just enough for extra on the side for bills, so PO box it is. Duly noted on so much here. Thanks a bunch. One thing, do I have to have my friend's name for when I sign up for the PO box? Just wonder if there's a way for ebay/paypal to track that it would be under my name, and not the account holder for ebay/paypal's name, if my question makes sense.