Temporary Address vs Permanent Address with Banks – Need Some Insight

[LetsCleanItTogether]

Hey,

I was in the middle of setting up my business and assigning a correspondence address, and a thought hit me. When dealing with banks — like opening accounts or receiving official mail — what’s thereal difference between a temporary and permanent address in their eyes?

If I’m trying to avoid linking anything to my residential address (for privacy, of course), can I just use a temporary address or do I need to go with the correspondence address I set for the biz? Looking for answers that aren’t exactly… in the handbook, if you catch my drift.

 

[tyson88]

From a blackhat perspective, banks generally want a “residential address” on file for KYC (Know Your Customer) — that’s what they report to regulators. But the trick is: they usually don’t verify it deeply beyond ID + proof of address (like a bill).


What people sometimes do is “borrow” an address from a buddy, Airbnb, or co-working space — slap it on the docs, use it once, and never again. As long as your mail doesn’t go there, you’re golden.

 

[staticdog]

Hey,

I was in the middle of setting up my business and assigning a correspondence address, and a thought hit me. When dealing with banks — like opening accounts or receiving official mail — what’s thereal difference between a temporary and permanent address in their eyes?

If I’m trying to avoid linking anything to my residential address (for privacy, of course), can I just use a temporary address or do I need to go with the correspondence address I set for the biz? Looking for answers that aren’t exactly… in the handbook, if you catch my drift.

Big banks = strict. Neobanks and fintechs? Way more chill. I’ve opened biz accounts with virtual addresses labeled as “suite” or “office” numbers. Use a virtual mailbox service like iPostal1, EarthClassMail, etc. as your correspondence address, and keep a burner address for KYC.


Banks rarely cross-check the two unless flagged.

 

[tyson88]

Big banks = strict. Neobanks and fintechs? Way more chill. I’ve opened biz accounts with virtual addresses labeled as “suite” or “office” numbers. Use a virtual mailbox service like iPostal1, EarthClassMail, etc. as your correspondence address, and keep a burner address for KYC.


Banks rarely cross-check the two unless flagged.

Exactly. And if they ever do question it, say you moved and forgot to update it. Unless you’re getting flagged for fraud or laundering, no one’s looking too close.

 

[LetsCleanItTogether]

Big banks = strict. Neobanks and fintechs? Way more chill. I’ve opened biz accounts with virtual addresses labeled as “suite” or “office” numbers. Use a virtual mailbox service like iPostal1, EarthClassMail, etc. as your correspondence address, and keep a burner address for KYC.


Banks rarely cross-check the two unless flagged.

Got it, understood

 

[Steven Cohen]

Pro tip: if you’re running stealth setups, always split the addresses. Permanent address = somewhere you control (but isn’t your home), temporary = virtual or rotating. Banks only care about what’s on paper unless you trigger a compliance check.

 

[Labrat88]

Hey,

I was in the middle of setting up my business and assigning a correspondence address, and a thought hit me. When dealing with banks — like opening accounts or receiving official mail — what’s thereal difference between a temporary and permanent address in their eyes?

If I’m trying to avoid linking anything to my residential address (for privacy, of course), can I just use a temporary address or do I need to go with the correspondence address I set for the biz? Looking for answers that aren’t exactly… in the handbook, if you catch my drift.

The key is that the permanent address is for compliance — like IRS, AML laws, etc. — and the correspondence one is just for mail. But if your business address is a rented mailbox and you call it an office, they don’t question it unless you do something dumb like get mail bounced.

 

[tyson88]

The key is that the permanent address is for compliance — like IRS, AML laws, etc. — and the correspondence one is just for mail. But if your business address is a rented mailbox and you call it an office, they don’t question it unless you do something dumb like get mail bounced.

I’ve literally used hotels and temp rentals. Open the account, get the card, reroute the mail, and dip. Just don’t forget to kill the trail behind you.

 

[Horkos]

Hey,

I was in the middle of setting up my business and assigning a correspondence address, and a thought hit me. When dealing with banks — like opening accounts or receiving official mail — what’s thereal difference between a temporary and permanent address in their eyes?

If I’m trying to avoid linking anything to my residential address (for privacy, of course), can I just use a temporary address or do I need to go with the correspondence address I set for the biz? Looking for answers that aren’t exactly… in the handbook, if you catch my drift.

Use a solid virtual address for business, throwaway for banks if you need to dodge scrutiny. Just make sure one of them can actually receive stuff, or you’ll get locked out when they send verification mail.