WOW!!! PayPal transfer to bank account overnight!!!

[Tag123]

I usually transfer large amounts (>$5k) from my PayPal account to my bank account (this is a legit account, sorta...) and it takes 24 hrs to go from Pending to Completed on PayPal's side and then another 24 hrs to show up in my account. 48 hrs is not bad. However, last night I transferred $110 to my bank from PayPal and it went to Completed in a matter of minutes and this morning it is already in my bank!!! FAST!!! This makes me believe that they ARE holding on to large amounts longer to fund their inner workings or something. Kinda shady on their part.......

[efo]

Here in the UK you withdraw the money and it's in the bank within seconds (assuming you're verified and have over 100 feedback).

Originally Posted by efo

Here in the UK you withdraw the money and it's in the bank within seconds (assuming you're verified and have over 100 feedback).

You dont need over 100 feedback. Not sure why you think that.

[Callidus]

Nothing to do with 100 feedback, I have an account with 11 feedback which goes in instantly...

[gosunsplease]

Originally Posted by Tag123

I usually transfer large amounts (>$5k) from my PayPal account to my bank account (this is a legit account, sorta...) and it takes 24 hrs to go from Pending to Completed on PayPal's side and then another 24 hrs to show up in my account. 48 hrs is not bad. However, last night I transferred $110 to my bank from PayPal and it went to Completed in a matter of minutes and this morning it is already in my bank!!! FAST!!! This makes me believe that they ARE holding on to large amounts longer to fund their inner workings or something. Kinda shady on their part.......

Noticed on one of my accounts if i transfer 500 (most i tried at one time) it takes like 5 days, anything less i get in 2 days.

Nice if you keep getting them in one day

[pokerpro]

In the U.S. the money goes thru a third party, so the paypal money goes to third party then to your bank...amazing that it even happen in 2 days to me..overnight is a real miracle!

[MM78]

I've actually had my bank deposits come through in 1 day as well, doesn't happen always.

[Tag123]

Nice that in the UK it is instant like that. PayPal must hate it, LOL!!!

I definitely think that it has to do with the amount being transferred. PayPal wants to hold on to the larger amount for 24 hours before they send it to ACH.

[Dmshark25]

That's awesome , I always need to wait two business's days and the last day to withdrawal is Wednesday if u want funds by Friday

Boa used to have Saturday deposits if u withdrew from paypal by 8-9am eastern time Thursday , but now that seems to be gone

I like the UK instant withdrawals , would be nice , especially when ur already waiting because of the paypal holds

[StealthAssassin]

Originally Posted by Tag123

I usually transfer large amounts (>$5k) from my PayPal account to my bank account (this is a legit account, sorta...) and it takes 24 hrs to go from Pending to Completed on PayPal's side and then another 24 hrs to show up in my account. 48 hrs is not bad. However, last night I transferred $110 to my bank from PayPal and it went to Completed in a matter of minutes and this morning it is already in my bank!!! FAST!!! This makes me believe that they ARE holding on to large amounts longer to fund their inner workings or something. Kinda shady on their part.......

I've had this happen as well. I'm not sure what triggers it. On the accounts where this happened, the transfers were funds not related to ebay sales. As a matter of fact, I performed the transactions sometimes on Sunday and the money was in ym account Monday morning!

[jdav]

However, last night I transferred $110 to my bank from PayPal and it went to Completed in a matter of minutes and this morning it is already in my bank!!! FAST!!! This makes me believe that they ARE holding on to large amounts longer to fund their inner workings or something.

It's completely random. One week ago my 3,770,00$ withdrawal went from "Pending" to "Completed" in 14 minutes.

[GreenBean]

Originally Posted by efo

Here in the UK you withdraw the money and it's in the bank within seconds (assuming you're verified and have over 100 feedback).

It is a bank issue and that bank's relationship with paypal.

Nowt to do with ebay feedback.

[rsot]

I do have instant transfer up here (example) but sometimes there will be 4 days worth of withdrawal showing up in the bank account early the next week