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Bank keeping funds due to mismatched names
 

had my account closed was told 10 days i would get a check with remaining funds . waited 3 weeks called in was told that the funds coming in to my account was not mine and i had to contact the ppl to have them come and get their funds back i assured them it was payments to me but the lady said ther is nothing i can do about it i would just have to contace the "stealth" ppl to claim their funds . so anything i can do or they just going to stick me for 700 bucks .. i thought banks couldnt just keep your money

Re: Bank keeping funds due to mismatched names
 

Tell them to send it back to paypal, call them everyday until they send it back to the paypal account.

Re: Bank keeping funds due to mismatched names
 

i was told once it was in bank they cant send it back to anywhere ??

Re: Bank keeping funds due to mismatched names
 

Thats not true at all. In fact, most banks would send it back to paypal as opposed to keeping it. What bank was this, so we know who to avoid?

Re: Bank keeping funds due to mismatched names
 

bbt bank this one is a real piece

Re: Bank keeping funds due to mismatched names
 

just called in they wont even let me talk to the lady that closed my account only do a 3rd party call were i tell the lady on the phone my side then she calls the risk dept then returns a few seconds later saying she talked to the lady that closed my account and she advised she already informed me that that this was not my money and i can not have it ..
I even had cash deposited in as a rent payment to me every month they are holding that money as well . just like i am a crook . i asked her you say i can not get my money out and there is no bank in cali for anyone to go in so yall are jsut going to keep my money , she said no i dont think we just keep the money it would seem like it would have to be returned to someone . i m supposed to call back tomorrow . the lady said she was going to try and contact someone else but the lady that closed my account . i agreed that every message i got from her was like she was mad at me and i dont like being called a crook . if they are worried about me stealing someones money then return it to them and i will invoice them direct .. jsut kills me everyone else gets a check in 10days i instead get sorry buddy 21 days later

Re: Bank keeping funds due to mismatched names
 

Was this a personal or business bank account?

Re: Bank keeping funds due to mismatched names
 

personal account bank and pp

Re: Bank keeping funds due to mismatched names
 

From talking to bankers this year this seems lots of banks are cracking down on personal bank accounts. Have you looked or asked about a business bank account.

Re: Bank keeping funds due to mismatched names
 

Not another one of these threads! :(

Made a post couple weeks ago about these becoming more frequent.

Here we go again with another one :(

Keep trying and keep calling or doing whatever you have to do to get your money back. Goodluck. These threads make me worried.

Re: Bank keeping funds due to mismatched names
 

Nothing to worry about loopie, get business accounts, problem solved.

Re: Bank keeping funds due to mismatched names
 

And to get such a rude response from the bank its not your money so we cant give it to you has me worrying

Re: Bank keeping funds due to mismatched names
 

under review i dont think it would been any difference if bank account was a biz account if the incoming deposits was not in the biz name

Re: Bank keeping funds due to mismatched names
 

You have to think like a business person who has a business account.

The bank will know that lots of deposits are going to be in other names so business accounts are less looked at when it comes to that.

The bankers I have talked with told me that. But you will need to get more paper work to open a business account and inquire more expenses but in the long run its worth it.

And while I am at it, open up more types of accounts with that bank, like an investment account, get a business credit card with them or other banking services (small loan). And use the business debit card more often than the personal debit card.

Re: Bank keeping funds due to mismatched names
 

Did you speak to the bank manager? Maybe make amends - think of viable solution

Re: Bank keeping funds due to mismatched names
 

I never use personal accounts.

Re: Bank keeping funds due to mismatched names
 

Hurry up and open a business name or DBA under the name the funds were coming from. Show the bank your business name /license that matches the name.


That would give them something to think about

Re: Bank keeping funds due to mismatched names
 

So which one is it? Are they keeping the money or returning it 21 days or later?

Re: Bank keeping funds due to mismatched names
 

Yep this ^^

Wait until you know your ebay is solid, get a business account and you can use any name you want but make sure the ebay/paypal matches the same name after you upgrade it to a business seller and paypal aacount

Re: Bank keeping funds due to mismatched names
 

i called the lady back today she said she hasnt heard for the risk dept but since the deposits was not in my name then she didnt know what will happen to the funds .. the only way they can return the money to the senders is if there is a full amount like 800 in and they return 800 but all of my funds was moved to main account and none of the sub accounts have more than 10 in it so they cant just reverse the payment .. this is really starting to sux :(

Re: Bank keeping funds due to mismatched names
 

Got a call back today lady said she was going to reverse the payment that was connected to main account for 600 i had a balance of 614. and they are sending back a payment made for 600 .. NOW i look to see what account pp was linked to this account and lo and behold the bank has been removed from pp because they tried to deposit and was rejected by the bank . will the bank still be able send money back to the paypal account without the pp having the bank linked ? Hope that makes sense . when i go to pp it just says link a bank and has nothing listed . pp is still working but has the request for tx info number so just matter time before it locks up . if there is anyone still reading this please any insite would be great

Re: Bank keeping funds due to mismatched names
 

I doubt anyone here has been in your situation. I think you have a 50/50 chance. The money might go back into your paypal, or paypal might reject it and send it back to the bank who refuses to deal with you.

Heck, there's even a slim chance Paypal will reattach the bank account when they see money being sent from the formerly attached bank account. But I wouldn't get your hopes up..

:/

Re: Bank keeping funds due to mismatched names
 

grrrrrr my luck

Re: Bank keeping funds due to mismatched names
 

should i try to re add the bank ? even tho the bank will refuse the small deposits sent to verify account ?
The lady from the bank said they would reverse it today and should be back in a day or two . so maybe before pp sends their "small" deposits to verify account the funds will come back in and look as if i was funding my pp account ?? :peace:

Re: Bank keeping funds due to mismatched names
 

From what i understand you cannot 'reattach' a bank account.

Re: Bank keeping funds due to mismatched names
 

i havnt tried i didnt want to end up getting my pp limited because the bank refuses to accept the small deposits sent to verify account ...

Will pp accept a reverse payment from the bank if the bank is not attached to pp ?

Re: Bank keeping funds due to mismatched names
 

Dont submit the DD mandate or confirm and the bank wont receive the small deposits and the bank will still attach to paypal.

Re: Bank keeping funds due to mismatched names
 

you have to choose one or the other to attach the bank either let them do the small deposits or log into the bank how can you add a bank without doing one of the two?

Re: Bank keeping funds due to mismatched names
 

Many people have experienced this.
I believe that paypal has no option but to take the money back. It is not like the details are not there still. I may be mistaken but 80% sure I am not.


Search old threads from the begging of this forum.

Re: Bank keeping funds due to mismatched names
 

i have never heard of a bank not releasing funds. :(

Re: Bank keeping funds due to mismatched names
 

Which bank is it op?

Re: Bank keeping funds due to mismatched names
 

Question already been answered

Re: Bank keeping funds due to mismatched names
 

If your bank account was already verified by paypal, than it will no longer need to be verified again. You could detatch your bank yourself and anytime you add it again your paypal account will be verified, that process only needs tomhappen one time.

Now i realize paypal was the ones that detatched the account because the bank may have rejected another deposit, or it was dropped because payapal was pulling a payment and your account is frozen, i forget what u stated earlier, but either way it can be readded and you will not need to go thru verificatiin deposits again.

You will need to call paypal and get the account readded, just call and say you been using the account for whatever time, and your not sure why a transaction didnt go thru but everything id fine with the bank account, and in my experience they will add the bank account and your paypal will be verified again with no further verification.

Whether or not the bank will be able to return funds if your bank account is detatched from your paypal account i do not know, if i were you i would call paypal right away and get your bank added again, i have called to do this several times in the past and my bank would always be added manually with a simple call

Re: Bank keeping funds due to mismatched names
 

NOPE i still havnt gotten a refund from bank and i tried to readd the bank that pp removed and says this bank has been disabled please add a differnt bank .. So that didnt work .. I still dont know if bank has sent reversal and pp refused it or it is still pending

Re: Bank keeping funds due to mismatched names
 

I looked and looked and didnt find much of anything .. should there be a email from pp if money was refused ? This just makes me want to give up

UPDATE i have 614 in bank they are trying to reverse a payment of 600 back to pp .. OK i called bank today and says balance is 14.00 i checked withdraws and says 600 was debited from my account on the 27th leaving balance of 14.00
I just checked pp NO money in her Shouldnt it have gone through by now ?

Re: Bank keeping funds due to mismatched names
 

Did you wait 72 hours?

Re: Bank keeping funds due to mismatched names
 

I'd give it 3 or 4 days before you write it off as a total loss. All ACH transactions take a while to process.

If the money isn't back in your paypal by Monday, then I'd start freaking out.

Re: Bank keeping funds due to mismatched names
 

to finish the thread for anyone else searching in the future .. I DID get 600 sent back to the sending pp account .. the bank was hell bent on not giving it to me .. they still got like 80 i will stay on their butt

Re: Bank keeping funds due to mismatched names
 

congrats tc. heres some aspirin for the trouble.

Re: Bank keeping funds due to mismatched names
 

So how did paypal handle it? did they refund it back to you