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Old 05-12-2018
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Default paypal reversed bank transfer after 2 days

this was a limited account, that got a email eligible for withdrawl.

the money was successfully sent to my bank, then two days later it was reversed by paypal somehow. i got a email from paypal saying again your account has been limited we noticed some unusual activity with your bank account.

now three days later there is still 0 balance on my paypal account. wtf

how could they do that?

the bank didnt refuse it because I had it available for withdrawl for a few days but never have a seen a completed transfer reversed so i left it alone. then bam checked it today and gone.

what can i do?! im afraid to call paypal and ask them wtf

Last edited by iceman420; 05-12-2018 at 09:53 AM.
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Old 05-12-2018
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Default Re: paypal reversed bank transfer after 2 days

you might be able to call your bank and say you didn't authorize this, depending on your bank. Need to do this quickly though, like right NOW!

On a side note, was the withdrawal by a lot? how much did you have in there? Sometimes I get the verify your phone number screen, which in that case, it's basically saying you withdrawing too much. If that's the case, for limited account, I try withdrawing 25 dollars one day, a few days later, 25, then a few days later, 50, then 100, then maybe 150 until all your money is taken out of that limited acct.
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Default Re: paypal reversed bank transfer after 2 days

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Originally Posted by glacier922 View Post
you might be able to call your bank and say you didn't authorize this, depending on your bank. Need to do this quickly though, like right NOW!

On a side note, was the withdrawal by a lot? how much did you have in there? Sometimes I get the verify your phone number screen, which in that case, it's basically saying you withdrawing too much. If that's the case, for limited account, I try withdrawing 25 dollars one day, a few days later, 25, then a few days later, 50, then 100, then maybe 150 until all your money is taken out of that limited acct.
thanks for the quick reply, im wondering why would I call my bank and say i didnt authorize it? would that protect me from a suspicious bank activity report since it came from a stealth name or soemthing?

or are you saying to call and suggest I didnt authorize the paypal reversal? do they have the power to double reverse?

it was a little over 3 grand... so yea large amount

and what could I say to the bank if they ask about the mis matched name?

Last edited by iceman420; 05-12-2018 at 10:12 AM.
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Old 05-12-2018
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Default Re: paypal reversed bank transfer after 2 days

You'd have to be a little creative on what you say to the bank. You'd have to give this a shot, with my bank, they immediately reversed it and put the money in my bank, no questions asked, thank goodness.

Yes, you have to call your bank and say you didn't authorize the reversal. Yes, usually banks have the power to reverse the transaction, I have no idea how they do it, but they can do it. I've seen them do it before.

And yes, for future reference, for paypal limited accounts, especially with large amounts, you need to withdraw slowly at a time, I'd say 50 dollars if you have 3k. Then work your way to 100 to 150 dollars.

I once had a phone verification request because i tried to withdraw 550 dollars in one go. I was like sh*t. Then I tried to withdraw 10 dollars, that went through despite having the phone verification request within the same minute.

But yes, you need to call your bank ASAP and ask if they can reverse it, otherwise, your money is probably gone. I went through this with 1500 dollars in my account, thank goodness the bank reversed it. I never withdrew large amounts in one go ever again.
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Old 05-12-2018
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Default Re: paypal reversed bank transfer after 2 days

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Originally Posted by glacier922 View Post
You'd have to be a little creative on what you say to the bank. You'd have to give this a shot, with my bank, they immediately reversed it and put the money in my bank, no questions asked, thank goodness.

Yes, you have to call your bank and say you didn't authorize the reversal. Yes, usually banks have the power to reverse the transaction, I have no idea how they do it, but they can do it. I've seen them do it before.

And yes, for future reference, for paypal limited accounts, especially with large amounts, you need to withdraw slowly at a time, I'd say 50 dollars if you have 3k. Then work your way to 100 to 150 dollars.

I once had a phone verification request because i tried to withdraw 550 dollars in one go. I was like sh*t. Then I tried to withdraw 10 dollars, that went through despite having the phone verification request within the same minute.

But yes, you need to call your bank ASAP and ask if they can reverse it, otherwise, your money is probably gone. I went through this with 1500 dollars in my account, thank goodness the bank reversed it. I never withdrew large amounts in one go ever again.

Thanks for the info. I was thinking about just telling them I was paid for crypto from person XYZ.


I cant believe paypal literally stole the money as the stealth balance is literally zero right now. unreal --- Ill call my bank and throw up a prayer


will update
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Default Re: paypal reversed bank transfer after 2 days

bank confirm paypal reversed the funds, not issue on bank end.

what bank do you use cause chase told me 10 days and they will send me a letter to sign then they may credit my account pending 'investigation' *cringe*

Last edited by iceman420; 05-12-2018 at 12:26 PM. Reason: add information
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Old 05-12-2018
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Default Re: paypal reversed bank transfer after 2 days

I use chase too but I've been with them a looooong time. Relationship with banks matter. Next time start off slowly by withdrawing 10-50 dollars then work your way up, 150-200 every couple of days, till all money is withdrawn
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Old 05-12-2018
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Default Re: paypal reversed bank transfer after 2 days

Geez, 3k in one go? No wonder PayPal revered the transaction.

Even with established accounts I try not to do more than 1k transfers in one go, $950 max.

I would be interested in hear the outcome when you have it.
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Default Re: paypal reversed bank transfer after 2 days

Quote:
Originally Posted by aspkin View Post
Geez, 3k in one go? No wonder PayPal revered the transaction.

Even with established accounts I try not to do more than 1k transfers in one go, $950 max.

I would be interested in hear the outcome when you have it.
thanks for chiming in big chief! thanks for the info i will keep under 950 henceforth, thanks for all the support community! will be updating with outcome, fingers crossed
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Old 05-12-2018
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Default Re: paypal reversed bank transfer after 2 days

was this a bank account that was attached to your paypal prior to being limited, or did you add the bank account after the 180 day limitation was up?
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Old 05-13-2018
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Default Re: paypal reversed bank transfer after 2 days

Quote:
Originally Posted by bjammin View Post
was this a bank account that was attached to your paypal prior to being limited, or did you add the bank account after the 180 day limitation was up?
added after 180 day, confirmed with deposits
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Old 05-13-2018
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Default Re: paypal reversed bank transfer after 2 days

Quote:
Originally Posted by aspkin View Post
Even with established accounts I try not to do more than 1k transfers in one go, $950 max.
Pfffttt... don't be scared! I can't remember the last time I withdrew less than 1k.
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Old 05-16-2018
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Default Re: paypal reversed bank transfer after 2 days

bank has 'temporarily' credited the money back to my account while its being investigated. im sure sure banks hate paypal and this credit hopefully rides true. thanks @glacier922 for informing me the bank can do this!
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Old 05-16-2018
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Default Re: paypal reversed bank transfer after 2 days

yea no prob. Just don't do it anymore, a second time, the banks not gonna trust you anymore. Just slow withdraw on limited accounts at time. I know I saw some threads where after paypal releases your money 180 days later, just withdraw all in one go. Not recommended at all.
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Old 05-16-2018
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Default Re: paypal reversed bank transfer after 2 days

That's awesome to hear, good stuff!
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Old 05-16-2018
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Default Re: paypal reversed bank transfer after 2 days

Quote:
Originally Posted by iceman420 View Post
bank has 'temporarily' credited the money back to my account while its being investigated. im sure sure banks hate paypal and this credit hopefully rides true. thanks @glacier922 for informing me the bank can do this!
That's is relatively good news
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Old 05-19-2018
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Default Re: paypal reversed bank transfer after 2 days

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That's is relatively good news
hell yea it is :D
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Old 05-20-2018
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Default Re: paypal reversed bank transfer after 2 days

Keep me updated on outcome. Curious to see what happens! Hope it turns out in your favor though.
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Default Re: paypal reversed bank transfer after 2 days

Hypothetical question: what would happen had you just withdrawn all the funds from the bank account before pp reversal?
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Old 05-22-2018
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Default Re: paypal reversed bank transfer after 2 days

Quote:
Originally Posted by Frodo View Post
Hypothetical question: what would happen had you just withdrawn all the funds from the bank account before pp reversal?
Idk but I would assume its -XXXX $ and then the bank would come after you for the amount then if you dont pay get hit with the chexx system
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