If by "dummy" you mean put under an assumed name and fake information than yes, VERY illegal. If youre talking about just a separate account for Paypal with your real information and everything than no....but than its not really a dummy account and your information, credit, and money is still at risk so theres really no point. Paypal is safe. Millions of people use it and trust it and statistically the safest way to pay for something online.
Do you live in the USA? If you're talking about creating a separate bank account to deposit income from your art business, that's not only 100% legal, but the IRS prefers it. Just don't use a dummy name. If you don't have a business name yet, call it something like YourFirstName's Art.
Using real details is fine, but the bank may not be exactly happy about someone having an account that is both inactive and with little to nothing in it most of the time. They might also get suspicious when you use it to transfer money. The best thing to do is talk to your bank about dealing with a fraud transaction instead of making a dummy account.
you can always get a card which you add money when you need it. I got it and use it here and there. there's a small fee but that's about as much as an interest on a credit card would be. and there's also some which have no fees and others which act more like a bank account. it is another option than opening another bank account.
If you don't want to have the money transferredf from PayPal to your own bank account, then you can always leave it in PayPal as an account balance. Otherwise, you will need to have a bank account into which you can transfer the money. I am curious as to why you wouldn't trust Paypal, though?
I get the reason - my father's spent a lot of time cramming the evil of paypal down my throat! xD Not sure how much of a real concern it is though.
Apparently there's something in the agreement that says they can freeze your BANK ACCOUNT if they see what they think is fraudulent activity in your paypal account, and I've heard they miss the mark and tag a number of activities fraudulent by mistake.
Have a second account by all means (and put whatever money you feel necessary into it from your main one) but don't put in fake details. If you use the word 'dummy' to describe it, that's probably why people are saying it's illegal; they assume you mean one under a fake name and address. It's not illegal to have multiple accounts though - I have three and I'm not in business or anything - just as long as the details are correct.
Why do you need to call a separate account a dummy? Lot's of people have separate accounts, like one for their business and one for their personal life, or even one for him and one for her and one for both of them if married. Nothing wrong with having two accounts or accounts in more than one bank.
It depends on where you are, laws vary. And whether by 'dummy' account you are talking about a bank account made in somebody elses name or false identity. Having bank accounts not in your own name tends to be the kind of thing than most legal systems crack down on because they can be used for tax evasion, money laundering and other activities that upset the authorities. You should be able to have as many back accounts as you want in your own name.
Aaahhh... That's what this one security guard told me. When I told him about making a dummy bank account, he simply said "Cannot. Otherwise you go to prison." And I didn't even say anything about using a fake name. I guess his English was too limited. Either that, or he couldn't explain things in English as he can only explain stuffs in Malay.
Maybe it's because you call it a dummy account? I don't know if it's actually called that in English (then, I'm sorry), but having multiply accounts for different reasons are okay as long you keep it in your name and all that.
I'm guessing that you mean you just want another account so you can have your money in one and have the other to do your paypal business with so you won't have to have all money in the same place if something goes wrong? Ask them about savings accounts or spare accounts or such instead and it might sound less like you want to get it in a fake name or whatever.