Today I sent some $ from one of my accounts to my bank and found new interest option - withdraw instant for 1%. When I clicked there I found new menu "add bank account".
Is this some new option? Should I tie 1 more bank acc for this option?
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This has been a feature on USA Paypal for a year or so now. At first Paypal started allowing us to withdraw instantly to certain debit cards for a 1% fee. Then they added the option to also withdraw to your attached bank account instantly for a 1% fee.
Now the withdraw options on US PP are:
- instant debit card withdrawal for 1% fee
- instant bank account withdrawal for 1% fee
- standard 1-2 day bank account withdrawal for free
Sounds like they're starting to roll this same thing out in Europe. I don't see why you'd need to attach a new bank account to use the instant withdraw feature, unless your current bank just doesn't support whatever protocol PP is using for instant bank withdrawals.
I know it all ends up in the same place,but in USA,cards do not use the same infrastructure as the banks,banks clear thru central bank,cards do not.
may be UK is different.