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Temporary bank account

unlucky67
unlucky67 Posts: 120 Forumite
Part of the Furniture 10 Posts Combo Breaker
edited 10 September 2024 at 9:19PM in Budgeting & bank accounts
I've just discovered that I now need to give ebay my bank account details to sell on their site- I do rarely sell anything on there and I suspect this is just something I have 'missed' ...
I really don't want to give them my main bank account details - which is tied in with my and my children's saving accounts. (I don't use my debit card online for similar reasons)
Does anyone know of a work around? I am thinking I might need to open some kind of temporary/little used account (or find another selling site!)
Any recommendations?  Or other ideas?
Thanks 
Actually if anyone has a similar recommendation for a small charity too that would be handy...(I have meaning to look into this - someone has just done a fundraiser for us using Wonderful.org -which is great except now our main account is filled up with £5 donations/transactions - reconciling it is going to be a pain...)
Thanks again

Comments

  • lr1277
    lr1277 Posts: 2,118 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    You could open a 2nd account with your current provider.
    I think this means no need for credit searches etc.
    At one point I had 3 accounts with 'my' bank, each used for a different purpose. One of those accounts had zero overdraft as I didn't want any chance of going overdrawn on that account.
  • Rob5342
    Rob5342 Posts: 2,401 Forumite
    1,000 Posts Third Anniversary Name Dropper
    I can't see why it's any different to giving your bank details when you do your annual energy switch or phone upgrade. 

    If you want a separate account then just open one, there are loads around. Monzo and Starling are nice modern banks. 
  • Nasqueron
    Nasqueron Posts: 10,613 Forumite
    Tenth Anniversary 10,000 Posts Photogenic Name Dropper
    I don't see the problem with this - how else could they transfer the money from your sale to you without your bank details? It also verifies your ID and that you are a legitimate seller.

    As above, setup a new account if you want one just for ebay, I would add Kroo to the list as they pay interest on your current account, a little more than starling offer.

    Sam Vimes' Boots Theory of Socioeconomic Unfairness: 

    People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.

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