What should i tell the bank?

A

Ash_105

Newbie

Aug 3, 2017

17

0

• Dec 17, 2017

• #1

I have been making deposits to my bank accounts from my paypal stealth accounts which are in a different name. I'm just wondering, what is best to tell them if they ask why are there deposits to your bank account in a different name than yours?

Any help would be great! thanks

 

M

MisterF

Repeat Selling Out MP - Doxxing - Harass Comps.

Nov 29, 2009

28,936

43,777

• Dec 17, 2017

• #2

Not sure what you're asking exactly here, but banks won't question deposits made into your account from other people.

It's only when you start doing big amounts on a regular basis that could be looked upon as money laundering, they might take an interest.

 

A

awesomewebsites

Elite Member

Jr. Executive VIP

Jr. VIP

Nov 16, 2011

19,814

11,285

• Dec 17, 2017

• #3

Make accounts in multiple banks or better open some accounts in name of family members and deposit there.

 

A

Ash_105

Newbie

Aug 3, 2017

17

0

• Dec 17, 2017
• Thread Starter Thread Starter

• #4

I do, I use 3 different bank accounts in the UK. All with savings accounts attached. So when I withdraw money from my stealth paypal to my bank accounts, I'm wondering if they might see / ask why have i got several savings accounts with money coming in from different paypal names. Then i would need a reasonable explanation. I don't do large amounts, just a 150 every week but to each account.

 

Tank

Junior Member

Jul 30, 2014

160

22

• Dec 17, 2017

• #5

I would blame it all on PayPal and that the error is on their end and that you will work to resolve the issue (you wont, but its good to say). But like others mentioned banks will not ask. Just dont transfer drug lord amounts of money, and the banks will never question it.

 

eduxpress

Newbie

Nov 4, 2013

17

4

• Dec 17, 2017

• #6

What if you were to sell your marketing expertise in an outsourcing platform that accepts Paypal payments? Then you can send the money to a merchant account, prepaid card, your bank or even your main PayPal account.

 

djw1606

Power Member

Jan 24, 2014

654

390

• Dec 17, 2017

• #7

I doubt they will care. The tax man, on the other hand...