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Old 10-29-2019
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Default Instant withdrawal for 1% - new EU PP option?

Today I sent some $ from one of my accounts to my bank and found new interest option - withdraw instant for 1%. When I clicked there I found new menu "add bank account".
Is this some new option? Should I tie 1 more bank acc for this option?
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Default Re: Instant withdrawal for 1% - new EU PP option?

In USA,you can add a bank issued debit card and withdraw faster for a fee
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Default Re: Instant withdrawal for 1% - new EU PP option?

what is wrong with your existing bank account?
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Default Re: Instant withdrawal for 1% - new EU PP option?

Quote:
Originally Posted by agent006140 View Post
what is wrong with your existing bank account?
It is ok now. I do not know why paypal offered to me add new acc option.
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Old 10-29-2019
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Default Re: Instant withdrawal for 1% - new EU PP option?

This has been a feature on USA Paypal for a year or so now. At first Paypal started allowing us to withdraw instantly to certain debit cards for a 1% fee. Then they added the option to also withdraw to your attached bank account instantly for a 1% fee.

Now the withdraw options on US PP are:
- instant debit card withdrawal for 1% fee
- instant bank account withdrawal for 1% fee
- standard 1-2 day bank account withdrawal for free

Sounds like they're starting to roll this same thing out in Europe. I don't see why you'd need to attach a new bank account to use the instant withdraw feature, unless your current bank just doesn't support whatever protocol PP is using for instant bank withdrawals.
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Old 10-31-2019
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Default Re: Instant withdrawal for 1% - new EU PP option?

You can withdraw with no fee in 1 business day.
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Old 11-01-2019
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Default Re: Instant withdrawal for 1% - new EU PP option?

in the uk bank withdraws have always been instant and free for example
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Default Re: Instant withdrawal for 1% - new EU PP option?

Quote:
Originally Posted by Therulerz5 View Post
in the uk bank withdraws have always been instant and free for example
did you use a debit card?
as credit and debit card use a gateway and Paypal has to pay a fee,so it cant be free,
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Old 11-01-2019
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Default Re: Instant withdrawal for 1% - new EU PP option?

Quote:
Originally Posted by agent006140 View Post
did you use a debit card?
as credit and debit card use a gateway and Paypal has to pay a fee,so it cant be free,
You cannot withdraw to a card, it's the withdrawals to a UK bank account which are instant and free.
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Default Re: Instant withdrawal for 1% - new EU PP option?

not even a bank issued debit card??
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Default Re: Instant withdrawal for 1% - new EU PP option?

Quote:
Originally Posted by agent006140 View Post
not even a bank issued debit card??
A 'bank issued debit card' is a 'bank account with a debit card'....you simply withdraw to the latter using the cards 9 digit bank account number and 6 digit sort code. It all ends up in the same place.
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Default Re: Instant withdrawal for 1% - new EU PP option?

I know it all ends up in the same place,but in USA,cards do not use the same infrastructure as the banks,banks clear thru central bank,cards do not.
may be UK is different.
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