Paypal CAN take money out of your bank account - eBay Suspended & PayPal Limited Forums
eBay Suspension & PayPal Limited Forums  
Join Today
Register Subscribe
     

Registration is fast, simple and absolutely free so please, join our community today!


Go Back   Home > Platform Discussions > PayPal Talk

PayPal Talk PayPal Forums. General issues related to PayPal.

Reply
 
Thread Tools
  #1  
Old 12-02-2009
NZT's Avatar
NZT NZT is offline
Executive [VIP]
 
Join Date: Sep 2008
Posts: 733
Thanks: 128
Thanked 92 Times in 69 Posts
Activity: 0%
Longevity: 90%
iTrader: (0)
Default Paypal CAN take money out of your bank account

I have just discovered that Paypal have tried to WITHDRAW money from my bank account.

As you know we all have to complete the direct debit mandate when we sign up for Paypal as part of confirming the Bank Account that what put on file with them.

Part of this confirmation involves completing a direct debit form.

Anyway I removed my bank account so it was NOT EVEN on file with them. The Paypal account fell into a negative balance, and they sent me emails asking me to add funds, which I ignored. They limited my account so I figured they could wait for their money.

Anyway got this email today:

Dear Mr *****

On , we attempted to transfer from your bank account, ending in . This transfer was returned by your bank on for the reason below:

There was a bank processing error.

As a result, this bank account has been removed from your PayPal account. Please contact your bank for more information or add a new bank account. Please do not contact PayPal because this is entirely an issue between the account holder and their bank.

Yours sincerely,

PayPal

N.B I had already removed the account and then cancelled the account. If I had not cancelled it then I assume that they would have debited funds.

The other email I got from the prior to this was:

Dear Mr ******

The mandate from your bank account, ending in 7686, was returned by your bank on 26 Nov 2009 for the reason below:

The bank is disputing the Direct Debit Instruction (DDI).

So they tried unsuccessfully to remove funds.

The moral to the story is 1 Paypal account, 1 Bank Account. If you lose the Paypal account, cancel the bank account.

This is my first experience that they try to remove funds without your authorisation, but then when you think about it I guess that is the whole point of the direct debit.
Reply With Quote
The complete step-by-step guide to get back to selling today!

  #2  
Old 12-02-2009
Senior Member
 
Join Date: Sep 2009
Posts: 187
Thanks: 12
Thanked 14 Times in 12 Posts
Activity: 0%
Longevity: 84%
iTrader: (1)
Default

paypals reach in just what they will do gives me the creeps!

I know when I transfer to bank from paypal, as soon as it hits I move it into an account not tied to paypal in any way. Of course this doesnt protect me from like what they attempted to do with you.
Reply With Quote
  #3  
Old 12-03-2009
NZT's Avatar
NZT NZT is offline
Executive [VIP]
Threadstarter  
 
Join Date: Sep 2008
Posts: 733
Thanks: 128
Thanked 92 Times in 69 Posts
Activity: 0%
Longevity: 90%
iTrader: (0)
Default

This is the first time that this has happened to me. I have another bank account that I was going to keep. (I removed it from Paypal) but after this I think it is important to stay disciplined and "have 1 bank account for 1 Paypal account"

It is easy to get attached to a bank account though. They take time to set up and to cancel them if you think you can use them again is a cop out.

But again, not worth the risk. Paypals claws get longer and longer.
Reply With Quote
  #4  
Old 12-03-2009
GreenBean's Avatar
Executive [VIP]
 
Join Date: Sep 2007
Posts: 42,343
Thanks: 5,612
Thanked 9,142 Times in 7,106 Posts
Activity: 0%
Longevity: 96%
iTrader: (6)
Default

paypal has always had the ability to 'touch' a bank account if one is attached to a paypal account. Part of the horror is that they do it without advising a user. When I used paypal australia they did that x4 times to bank accounts. After that I completely changed approach to my funds.

Users must watch what is happening with funds when a bank account is operative and there are problems.
__________________
REAP WHAT YOU SOW. LIFE IS SO NOT FAIR.
Reply With Quote
  #5  
Old 12-03-2009
Senior Member
 
Join Date: Jul 2009
Posts: 920
Thanks: 25
Thanked 121 Times in 117 Posts
Activity: 0%
Longevity: 85%
iTrader: (0)
Default

Did it twice to me and it was very fast.... buyer dispute initiated, account went into negative balance and funds were gone from my bank account before I even had chance to work out what the deal was.

Cancelling the DD instruction is sufficient to prevent any further dipping if you don't want to close the bank account and the PP account is lost.

CaptainJack
Reply With Quote
  #6  
Old 12-25-2009
Junior Member
 
Join Date: Dec 2009
Posts: 40
Thanks: 0
Thanked 0 Times in 0 Posts
Activity: 0%
Longevity: 83%
iTrader: (0)
Default

did you just remove ur account from PP or did you cacnel ur bank account?

or did u do both?

Quote:
Originally Posted by Neo View Post
This is the first time that this has happened to me. I have another bank account that I was going to keep. (I removed it from Paypal) but after this I think it is important to stay disciplined and "have 1 bank account for 1 Paypal account"

It is easy to get attached to a bank account though. They take time to set up and to cancel them if you think you can use them again is a cop out.

But again, not worth the risk. Paypals claws get longer and longer.
Reply With Quote
  #7  
Old 12-25-2009
NZT's Avatar
NZT NZT is offline
Executive [VIP]
Threadstarter  
 
Join Date: Sep 2008
Posts: 733
Thanks: 128
Thanked 92 Times in 69 Posts
Activity: 0%
Longevity: 90%
iTrader: (0)
Default

Following my initial post. I could have been a bit hasty. When I got those emails from Paypal I ASSUMED that they HAD tried to access and withdraw funds from my bank account.

However on replection it could simply have been that as I either cancelled the bank account or removed the Direct Debit Instruction then it was a notification to that effect.

I believe they CANNOT just withdraw money without your APPROVAL despite regular updates to their user agreement.

Still the way I feel is that I would rather cancel a bank account than run the risk of any chance of funds being debited somewhere down the line.
Reply With Quote
  #8  
Old 12-25-2009
Junior Member
 
Join Date: Jan 2008
Posts: 1,143
Thanks: 0
Thanked 16 Times in 10 Posts
Activity: 0%
Longevity: 94%
iTrader: (0)
Default

Doesn't the direct debit agreement state that they can withdraw from your account?

Isn't that the whole point in agreeing to the direct debit mandate?
Reply With Quote
  #9  
Old 12-25-2009
Senior Member
 
Join Date: Jul 2009
Posts: 920
Thanks: 25
Thanked 121 Times in 117 Posts
Activity: 0%
Longevity: 85%
iTrader: (0)
Default

Yes if the DD mandate is in place PP are able to take funds from your bank account as they see fit (though of course you have the right to dispute it with your bank under the DD guarantee if you feel they have taken funds unjustly).

As soon as you cancel the DD with your bank they will no longer be able to take money from you. And Paypal do indeed send out an email notifying you that the DD instruction has been cancelled.

CaptainJack

CaptainJack
Reply With Quote
  #10  
Old 12-25-2009
oompaloompa's Avatar
Executive [VIP]
 
Join Date: Jul 2008
Posts: 9,590
Thanks: 503
Thanked 1,484 Times in 1,192 Posts
Activity: 0%
Longevity: 91%
iTrader: (7)
Default

Quote:
Originally Posted by GreenBean View Post
paypal has always had the ability to 'touch' a bank account if one is attached to a paypal account. Part of the horror is that they do it without advising a user. When I used paypal australia they did that x4 times to bank accounts. After that I completely changed approach to my funds.

Users must watch what is happening with funds when a bank account is operative and there are problems.

Ive aways known dd mandate allows them to do this, but some paypals HAVE to have bank attached eg. UK
So, GB - whats your new approach then?
__________________
https://youtu.be/bn4t0BuClbw
Reply With Quote
  #11  
Old 12-25-2009
MU
 
Join Date: Jul 2008
Posts: 2,938
Thanks: 307
Thanked 579 Times in 294 Posts
Activity: 0%
Longevity: 91%
iTrader: (32)
Send a message via AIM to First Edition Send a message via MSN to First Edition Send a message via Yahoo to First Edition Send a message via Skype™ to First Edition
Default

Dispute the withdrawal with your bank stating you did not give them permission to make the withdrawal. They will mail you an avidavit, and you sign it and send it back. You'll get your money back. If you closed the account, this wouldn't have happened.
Reply With Quote
  #12  
Old 12-26-2009
oompaloompa's Avatar
Executive [VIP]
 
Join Date: Jul 2008
Posts: 9,590
Thanks: 503
Thanked 1,484 Times in 1,192 Posts
Activity: 0%
Longevity: 91%
iTrader: (7)
Default

Quote:
Originally Posted by First Edition View Post
Dispute the withdrawal with your bank stating you did not give them permission to make the withdrawal. They will mail you an avidavit, and you sign it and send it back. You'll get your money back. If you closed the account, this wouldn't have happened.


good in theory, but you did give permission under their terms, do you know anyone who has successfully done this?
__________________
https://youtu.be/bn4t0BuClbw
Reply With Quote
  #13  
Old 12-26-2009
NZT's Avatar
NZT NZT is offline
Executive [VIP]
Threadstarter  
 
Join Date: Sep 2008
Posts: 733
Thanks: 128
Thanked 92 Times in 69 Posts
Activity: 0%
Longevity: 90%
iTrader: (0)
Default Removing DD Mandate

Some banks allow you to remove the DD on online banking, and some it does not appear.
Reply With Quote
  #14  
Old 12-27-2009
MU
 
Join Date: Jul 2008
Posts: 2,938
Thanks: 307
Thanked 579 Times in 294 Posts
Activity: 0%
Longevity: 91%
iTrader: (32)
Send a message via AIM to First Edition Send a message via MSN to First Edition Send a message via Yahoo to First Edition Send a message via Skype™ to First Edition
Default

Quote:
Originally Posted by oompaloompa View Post
good in theory, but you did give permission under their terms, do you know anyone who has successfully done this?
Under those same terms, you revoke the permission when you remove the bank account.
Reply With Quote
  #15  
Old 12-27-2009
MU
 
Join Date: Jul 2008
Posts: 2,938
Thanks: 307
Thanked 579 Times in 294 Posts
Activity: 0%
Longevity: 91%
iTrader: (32)
Send a message via AIM to First Edition Send a message via MSN to First Edition Send a message via Yahoo to First Edition Send a message via Skype™ to First Edition
Default

Yes, I have successfully done this. Most banks have three options to dispute and ACH withdrawal.

1. You never gave permission
2. You gave permission, but on _____ date you revoked the permission.
3. You gave permission, but for a different amount than what was withdrawn.



This is a standard dispute. You usually have 24 hours to dispute an ACH withdrawal. They will mail you an affidavit, already filled out. You sign it, then you mail it to the bank. You get your money back. It's all perfectly legal.
Reply With Quote
  #16  
Old 12-27-2009
GreenBean's Avatar
Executive [VIP]
 
Join Date: Sep 2007
Posts: 42,343
Thanks: 5,612
Thanked 9,142 Times in 7,106 Posts
Activity: 0%
Longevity: 96%
iTrader: (6)
Default

Might not be too successful in the UK. Banks there have different methods. There's no actual need to go as far as an affidavit IF a user takes charge of their own bank account.
__________________
REAP WHAT YOU SOW. LIFE IS SO NOT FAIR.
Reply With Quote
  #17  
Old 12-27-2009
MU
 
Join Date: Jul 2008
Posts: 2,938
Thanks: 307
Thanked 579 Times in 294 Posts
Activity: 0%
Longevity: 91%
iTrader: (32)
Send a message via AIM to First Edition Send a message via MSN to First Edition Send a message via Yahoo to First Edition Send a message via Skype™ to First Edition
Default

Quote:
Originally Posted by GreenBean View Post
Might not be too successful in the UK. Banks there have different methods. There's no actual need to go as far as an affidavit IF a user takes charge of their own bank account.
Yes, every bank is different, but I think all banks will have a way to dispute unauthorized transactions.

The whole thing could have been avoided by closing the account.
Reply With Quote
  #18  
Old 12-27-2009
GreenBean's Avatar
Executive [VIP]
 
Join Date: Sep 2007
Posts: 42,343
Thanks: 5,612
Thanked 9,142 Times in 7,106 Posts
Activity: 0%
Longevity: 96%
iTrader: (6)
Default

^^^^^DING DING DING DING^^^^^

From my own experiences not even closing the account BUT removing paypal access to the bank account.

Agree 1000% with you First, by controlling what happens the user wins .If you have read earlier posts of mine I have always recommended taking charge of your own money. Simples
__________________
REAP WHAT YOU SOW. LIFE IS SO NOT FAIR.
Reply With Quote
  #19  
Old 12-28-2009
Junior Member
 
Join Date: Dec 2009
Posts: 40
Thanks: 0
Thanked 0 Times in 0 Posts
Activity: 0%
Longevity: 83%
iTrader: (0)
Default

so i should do 2 things right

1)remove my bank account on paypal
2)call my bank and tell them to cancel my direct debit from paypal

if i have done the above 2 things, i could choose not to close my bank account right?

thank u so much


Quote:
Originally Posted by GreenBean View Post
^^^^^DING DING DING DING^^^^^

From my own experiences not even closing the account BUT removing paypal access to the bank account.

Agree 1000% with you First, by controlling what happens the user wins .If you have read earlier posts of mine I have always recommended taking charge of your own money. Simples
Reply With Quote
  #20  
Old 12-28-2009
Senior Member
 
Join Date: Jul 2009
Posts: 920
Thanks: 25
Thanked 121 Times in 117 Posts
Activity: 0%
Longevity: 85%
iTrader: (0)
Default

yes that is correct

CaptainJack
Reply With Quote
  #21  
Old 12-29-2009
Junior Member
 
Join Date: Jan 2008
Posts: 1,143
Thanks: 0
Thanked 16 Times in 10 Posts
Activity: 0%
Longevity: 94%
iTrader: (0)
Default

Both Barclays and Abbey accounts in the UK (both work with PP) have the option to remove a DD online.
Reply With Quote
  #22  
Old 12-29-2009
now's Avatar
now now is offline
Junior Member
 
Join Date: Mar 2009
Posts: 79
Thanks: 3
Thanked 6 Times in 5 Posts
Activity: 0%
Longevity: 87%
iTrader: (0)
Default

If you remove your bank account how will you withdraw your balance left in your Paypal account when it frees up in six months? They allow withdrawal to the bank account on file.

In paypal there is a place where you authorize of REMOVE FUNDING SOURCES. The default is allowing them to withdraw from your bank. You can go in and remove your bank account as a funding source. Leaving just something like a Simon Card as your only funding source.
Reply With Quote
Reply



Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Will paypal take money out of my bank account mtkm123 PayPal Talk 22 10-24-2017 09:37 AM
Questions about new bank account,paypal & withdrawing money rubyjojo Paypal Limited 11 10-07-2009 02:34 AM
Will Paypal take money from my Bank Account with nil balance gbmack PayPal Talk 15 08-22-2009 08:15 PM
Taking Money Out of Paypal account w/o Bank acct upsidedown Subscriber Discussions 46 07-13-2009 11:50 AM
Paypal withdraw money from bank account lginsac PayPal Talk 11 12-30-2008 03:09 PM


Aspkin Group

All times are GMT -5. The time now is 03:52 AM.


Stop the guessing games and learn how you can quickly and easily get back on eBay today!
Read the best selling step-by-step eBay Suspension guide eBay Stealth!
Amazon Suspension? Read Amazon Ghost to get back on Amazon!
vBulletin® Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Ad Management by RedTyger
no new posts

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58