I signed up for an online bank account using psuedonym. They didn't ask for ID. Regretting this, what do I do?

Question

I have had the bank for 6 months now, I've only had about 100 dollars in it, all of which was legal money. They have never had any reason to suspect, but when the send in my name to the IRS, the IRS will "bounce" my name.

Answer 1

Unless you earn at least $10 interest, they will not issue a 1099-INT. That is the ONLY form they would sent to the IRS. I would just close the account and request the balance be sent to your real name.

Answer 2

I'd withdraw the money, and close the account. By the way, the IRS will only see it if the account earns interest.