Invisible Privacy | Online Privacy

The following quote is from Elsy in New York. She sent it to me as a post on the Q&A page of my forum (#6660). This was such an ingenious solution that I am passing it on to readers of this blog.

"I purchased Invisible Money when it first came out. A friend was in trouble with the IRS and could not deposit his money in his own bank until he could work out a payment plan with the IRS.

"In Invisible Money Mr Luna discusses older bank accounts. We brainstormed and came up with several ways to acquire an old bank account. My friend started looking for businesses for sale at dirt cheap prices. He really did not want the business, he wanted the business bank account. He found a one-man lawn service business looking to sell his client list.

"He purchased the business (client list) for approximately $3000. Included in the purchase was the business bank account which was opened in 1966. No social security number attached. Just a tax ID number.

"He sold the business client list for his purchased price minus the bank accounts."

Labels: invisible bank account, nominee for bank account.how to buy a bank account, secret bank account

When a PI is hired (usually by a law firm) to locate your bank account, he will start by running a database search to get a history of your addresses. He will also check civil records filings in the county court houses where those addresses are located because they may reveal the name of your bank.

If he fails to find your bank account near your current residence, he will then search banks and court records near your former addresses and expand from there in concentric circles. Because it is a time consuming and expensive effort, he will probably stop searching after the first bank account is found. (Most PI's charge a separate fee for each bank account located.)

Another possibility is that the PI will hire a confederate to pick up your garbage. (Yes, some people still just tear up bank statements rather than shred them!) He may also pull up your credit report, which can be a trove of banking information.There are many more ways that an unusually smart (or crooked) PI can track down your bank account.

To reduce the chances that your account will be found, close your present account. Then open a new one in a state far from where you live, and bank by mail. Do not use a credit card tied in to that account. Then, if you wish to keep extra savings in a secure location, open a second secret bank account in Canada. Bulletproof security!

More information, along with step-by-step instructions about how to open hidden bank accounts in both the U.S. and Canada, is contained in Invisible Money.

Labels: hidden bank account, invisible money, keep your assets, secret bank account, shred bank statements. tracking a bank account

If you’ve not yet heard about this case, here are the facts:

Nazita and her husband David have a joint account at a Chase branch in Kew Gardens, Queens, along with a custodial one for their three children. But Nazita also had a bank account of $800,000—money that was apparently hers alone. Unbelievable though it seems, the suit alleges that a bank employee at Chase called her husband David to encourage him to move some of that $800,000 in his wife’s secret bank account into other investments with Chase. David, it seems, knew nothing about that account until the phone call came in.

Had Nazita read either my book How to Be Invisible, or my e-book Invisible Money, this sad affair could have been avoided. Here is what she should have done:

1. Given a ghost address when she opened the account, along with:

2. A secret voice mail number that only she could access.

Do you have a secret bank account? If so, does the banker have your true address and telephone number? If so, move that account to another bank!

Labels: Chase bank, ghost address, nazita, secret phone number, secret bank account