Paypal bank deposit with bank of america

hangten · #1 01-04-2010

Ok a few days ago I set up a ebay account and paypal account with ⊗⊗⊗⊗ names. I added my savings to paypal to deposit and confirm my BOA (real name). But 5 days later I still havent received the 2 small deposits. Is anyone else having this same problem?

I also noticed that for a BOA savings account there is 2 different routing numbers one for paper and electronic transfers and one for wires transfer. I added the paper/electronic routing number to paypal. Should I have done the wires routing number?

Also I noticed that there is a nickname option for BOA accounts. I beleive that I changed that to the name on ebay and paypal.

Any info would be great, Thanks guys.

lakeman · #2 01-04-2010

The electronic routing number is the right one. What day did you add the account to paypal? Very likely it was delayed because of the holidays and now the weekend.

Just make sure you have the account number and routing number correct in paypal, if you do, the deposits will more then likely show up.

hangten · #3 01-04-2010

Hey dood! Yeah I do beleive that it may have been delayed because of the holidays then the weekend. But I thought that all those things were all automated?

I also have online banking with them and I could had done the instant verification, but I was a bit leary because I had done that with a paypal that has been suspended? In the future would it be wise to avoid doing that ever again with paypal? Or maybe changing my bank ID and password would help?

Thanks again man!

lakeman · #4 01-04-2010

They are automated, but still on Holidays and weekends most banks are closed.

There are several threads discussing the instant verification. Use the search button, read the threads, and you decide if you want to take the risk or not.

hangten · #5 01-04-2010

Yes indeed lakeman you were right!!!

I checked this morning and sure enough they were there!!

Thanks for your helpful info as always lakeman.

doombot1 · #6 12-08-2010

Quote:

Originally Posted by hangten

Yes indeed lakeman you were right!!!

I checked this morning and sure enough they were there!!

Thanks for your helpful info as always lakeman.

so i think bank of america is one of the banks that does not do name verifiaction for deposits from paypal. is this true for the checking and savings accounts? it seemed to work for you on the savings account but i am curious if it is the same for checking.

also any benefits to using savings instead of checking account. thanks - oh yeah congrats on the transfer going through

First Edition · #7 12-08-2010

Yes, it's the same for checking and savings with bank of america.

inthezone · #8 12-08-2010

Quote:

Originally Posted by doombot1

so i think bank of america is one of the banks that does not do name verifiaction for deposits from paypal. is this true for the checking and savings accounts? it seemed to work for you on the savings account but i am curious if it is the same for checking.

also any benefits to using savings instead of checking account. thanks - oh yeah congrats on the transfer going through

Yeah in one of my accounts, I use a completely different name, and it's been working just fine. BOA is awesome.

First Edition · #9 12-08-2010

I currently have 41 ebanking checking accounts open with them. The approval process for opening online is way faster than it was this time last year.

**SaiJin** · #10 12-08-2010

41?? That's a bit much, don't you think

First Edition · #11 12-08-2010

No. That's only with bank of america. Not including ING, Chase, Suntrust, US bank, and several local banks. That's also personal bank accounts also...I have lots more business bank accounts.

inthezone · #12 12-08-2010

How do you keep up with all this stuff while also dealing with the ebay/PP accounts you create/verify/sell??? Just wow!

First Edition · #13 12-08-2010

employees

inthezone · #14 12-08-2010

Quote:

Originally Posted by First Edition

employees

^ okay, boss.

what's your title? CEO? :D

First Edition · #15 12-08-2010

Titles mean nothing.

It's all about the account balance(s).

inthezone · #16 12-08-2010

Quote:

Originally Posted by First Edition

Titles mean nothing.

It's all about the account balance(s).

yeah... that's true...

brettvonstap · #17 01-03-2011

How long will these deposits take with bank of ameica? I just sent them through this afternoon.

The reason I ask is because I am waiting to take in payment from someone and want this confirmed ASAP.

Thanks!

Bretton

lakeman · #18 01-03-2011

They take 2-3 business days.

First Edition · #19 01-03-2011

Quote:

Originally Posted by brettvonstap

How long will these deposits take with bank of ameica? I just sent them through this afternoon.

The reason I ask is because I am waiting to take in payment from someone and want this confirmed ASAP.

Thanks!

Bretton

Operating in a rush with paypal will get you shut down quicker than anything else.

Be patient.