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Old 08-27-2010
Bobbert Bobbert is offline
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Default Methods for withdrawing funds from PayPal

Okay, I am looking to withdraw funds from my PP account for the first time... Right now, my PP account is in my real name and everything, but it has never been verified and I do not have a bank account tied to it...

I was looking into PP sending me a check, but when I tried to put a PO box as an address it told me that before I could have a check sent to a PO box I needed to verify that I receive mail at the PO box... This sounds like a PITA to me, so right now I would rather pass on this option...

So, option number two is to link my bank account to my PP account... Is it as simple as giving them the account number and bank name, or is there a more in-depth process that needs to be followed? If I were to give them my bank account information today, how soon would I be able to move PP funds into it?

Also, right now I only have one bank account and it is a savings account... I am correct that PP can no longer automatically withdraw funds from a linked bank account should an issue arise? Would it be wise for me to create a checking account (something which I have been interested in doing anyways), and tie that to my PP account?

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