Withdraw paypal funds to check? - eBay Suspended & PayPal Limited Forums
eBay Suspension & PayPal Limited Forums  
Join Today
Register Subscribe
     

Registration is fast, simple and absolutely free so please, join our community today!


Go Back   Home > Marketplace Discussions > PayPal Talk

PayPal Talk PayPal Forums. General issues related to PayPal.

Reply
 
Thread Tools
  #1  
Old 02-20-2011
Junior Member
 
Join Date: Aug 2010
Posts: 52
Thanks: 0
Thanked 4 Times in 3 Posts
Activity: 0%
Longevity: 72%
iTrader: (1)
Default Withdraw paypal funds to check?

If i withdraw my paypal funds to a check, will it be cashable at any bank or just at the bank i used to verify my paypal?
Reply With Quote
The complete step-by-step guide to get back to selling today!

  #2  
Old 02-22-2011
Omgoozle's Avatar
Senior Member
 
Join Date: Nov 2010
Posts: 811
Thanks: 141
Thanked 201 Times in 131 Posts
Activity: 0%
Longevity: 70%
iTrader: (0)
Default

Quote:
Originally Posted by rikahs19 View Post
If i withdraw my paypal funds to a check, will it be cashable at any bank or just at the bank i used to verify my paypal?
I'm pretty sure a check is only cashable at the bank that provides the check... so if PP sends you a Chase Bank check, it'd only be cashable at Chase.

However, this varies with different bank's policies.
Reply With Quote
  #3  
Old 02-22-2011
TGMT's Avatar
Administrator
 
Join Date: Jul 2008
Posts: 3,056
Thanks: 645
Thanked 1,451 Times in 793 Posts
Activity: 28%
Longevity: 88%
iTrader: (3)
Default

Quote:
Originally Posted by rikahs19 View Post
If i withdraw my paypal funds to a check, will it be cashable at any bank or just at the bank i used to verify my paypal?
You would be able to cash it at any bank you have a account at.

Disclaimer: If the names do not match, you may have some issues. Also, if the check is large you will probably have to deposit it and wait for the funds to clear which is usually 5 business days.
Reply With Quote
  #4  
Old 02-22-2011
Junior Member
Threadstarter  
 
Join Date: Aug 2010
Posts: 52
Thanks: 0
Thanked 4 Times in 3 Posts
Activity: 0%
Longevity: 72%
iTrader: (1)
Default

Quote:
Originally Posted by TGMT View Post
You would be able to cash it at any bank you have a account at.

Disclaimer: If the names do not match, you may have some issues. Also, if the check is large you will probably have to deposit it and wait for the funds to clear which is usually 5 business days.
Are you sure?
Reply With Quote
  #5  
Old 02-22-2011
Melissa1971's Avatar
Senior Member
 
Join Date: Sep 2010
Posts: 1,051
Thanks: 132
Thanked 87 Times in 77 Posts
Activity: 0%
Longevity: 71%
iTrader: (0)
Default

Like TGMT says, you can cash it at any bank you have an account atays or at the bank the check was drawn off of.

Yet there is often a fee now to cash the check at the bank the check is drawn from, so it may be worth it to pay the 10% or so fee to cash it at a check cashing business, depending on the size of the check.

I'd plan on handing over my drivers license as ID knowing they will compare names no matter where you cash it.
Reply With Quote
  #6  
Old 02-22-2011
Omgoozle's Avatar
Senior Member
 
Join Date: Nov 2010
Posts: 811
Thanks: 141
Thanked 201 Times in 131 Posts
Activity: 0%
Longevity: 70%
iTrader: (0)
Default

Quote:
Originally Posted by Melissa1971 View Post
Like TGMT says, you can cash it at any bank you have an account atays or at the bank the check was drawn off of.
This is correct, but to clarify you will only be able to cash the check at a bank that you have an account at and you currently have funds to cover the amount of the check in case it bounces.

If you have $4.99 in your account and you try to cash a $5 check, they won't let you.

Edit: If you know anyone with an Asian passport they can cash just about anything anywhere. They hand over the passport written in Mandarin/Japanese/Korean and there's no way to compare the names.
Reply With Quote
  #7  
Old 02-23-2011
Junior Member
Threadstarter  
 
Join Date: Aug 2010
Posts: 52
Thanks: 0
Thanked 4 Times in 3 Posts
Activity: 0%
Longevity: 72%
iTrader: (1)
Default

Quote:
Originally Posted by Omgoozle View Post
This is correct, but to clarify you will only be able to cash the check at a bank that you have an account at and you currently have funds to cover the amount of the check in case it bounces.

If you have $4.99 in your account and you try to cash a $5 check, they won't let you.

Edit: If you know anyone with an Asian passport they can cash just about anything anywhere. They hand over the passport written in Mandarin/Japanese/Korean and there's no way to compare the names.
THat is FReaking awesome lol!...too bad i can only speak japanese and not write it...and im american....and black so it'd be kinda weird to see a 25 year old black guy holding a japanese passport in an American chase bank with an american accent. LOL
Reply With Quote
  #8  
Old 02-23-2011
Melissa1971's Avatar
Senior Member
 
Join Date: Sep 2010
Posts: 1,051
Thanks: 132
Thanked 87 Times in 77 Posts
Activity: 0%
Longevity: 71%
iTrader: (0)
Default

Quote:
Originally Posted by Omgoozle View Post
This is correct, but to clarify you will only be able to cash the check at a bank that you have an account at and you currently have funds to cover the amount of the check in case it bounces.

If you have $4.99 in your account and you try to cash a $5 check, they won't let you.

Edit: If you know anyone with an Asian passport they can cash just about anything anywhere. They hand over the passport written in Mandarin/Japanese/Korean and there's no way to compare the names.
Interesting....I didn't know that. How sad
Reply With Quote
  #9  
Old 02-23-2011
Omgoozle's Avatar
Senior Member
 
Join Date: Nov 2010
Posts: 811
Thanks: 141
Thanked 201 Times in 131 Posts
Activity: 0%
Longevity: 70%
iTrader: (0)
Default

Quote:
Originally Posted by Melissa1971 View Post
Interesting....I didn't know that. How sad
Keep in mind that "cashing" is different than "depositing."

Cashing is when you hand them the signed check and they hand you money. Depositing makes you wait a few days. The policy makes sense since the bank may not know if the check will clear for several business days after you cash it.

Also note, there is something like a PP "hold" on your funds at the bank after you cash a check.

If you have $200 in an account and cash a $180 check and then go to withdraw $40 your transaction will be denied due to a pending hold on the $180.
Reply With Quote
  #10  
Old 10-31-2012
Junior Member
 
Join Date: May 2011
Posts: 23
Thanks: 5
Thanked 1 Time in 1 Post
Activity: 0%
Longevity: 66%
iTrader: (0)
Default

ok this is wat i do
i add an address to the paypal

address 1: my name
address 2: 1234 street name
city:
state
zip

so i put my name and my address or an address where i can get a hold of the mail
then i request checks to the new address
so what happens is they write u a check and there will be two names on the check
the name on paypal and your name
how are u gonna cash it?
u gotta go to ur local liqour store where they know u well
they will cash it since your name is on it too
they usually charge me 3% to cash it
irs wont come after u for all this money because the check is actually written under the ⊗⊗⊗⊗ paypal name
Reply With Quote
  #11  
Old 10-31-2012
slim jim's Avatar
Executive [VIP]
 
Join Date: May 2011
Posts: 1,790
Thanks: 376
Thanked 440 Times in 349 Posts
Activity: 0%
Longevity: 66%
iTrader: (0)
Default

I'm not sure how that is possible as you can't endorse checks over to someone else anymore???
Reply With Quote
  #12  
Old 10-31-2012
MM78's Avatar
Executive [VIP]
 
Join Date: Sep 2010
Posts: 14,134
Thanks: 1,107
Thanked 4,821 Times in 3,332 Posts
Activity: 2%
Longevity: 71%
iTrader: (4)
Default

Quote:
Originally Posted by smohsin586 View Post
ok this is wat i do
i add an address to the paypal

address 1: my name
address 2: 1234 street name
city:
state
zip

so i put my name and my address or an address where i can get a hold of the mail
then i request checks to the new address
so what happens is they write u a check and there will be two names on the check
the name on paypal and your name
how are u gonna cash it?
u gotta go to ur local liqour store where they know u well
they will cash it since your name is on it too
they usually charge me 3% to cash it
irs wont come after u for all this money because the check is actually written under the ⊗⊗⊗⊗ paypal name
I honestly find your method too risky and would not recommend anyone try it.
Reply With Quote
  #13  
Old 10-31-2012
rsot's Avatar
Executive [VIP]
 
Join Date: Dec 2009
Posts: 59,172
Thanks: 4,671
Thanked 7,192 Times in 6,556 Posts
Activity: 100%
Longevity: 77%
iTrader: (7)
Default

Some banks still take it - depends on relationship, etc.
Reply With Quote
  #14  
Old 10-31-2012
Executive [VIP]
 
Join Date: Dec 2010
Posts: 3,390
Thanks: 238
Thanked 770 Times in 567 Posts
Activity: 3%
Longevity: 69%
iTrader: (0)
Default

This is what I do, I sign the person's name on the back top, stealth name, and right under that name I sign my name. This is called a "3rd party check".

I go to my bank's atm and "deposit" the check, I dont cash it, I deposit. I dont need the money right there and now so I only deposit the check. I wait until it clears, 3-4 days, withdraw money and send it on buzz, chicks, drugs, and mail order bridges from Russia.

Hardly anywhere will accept a third party check because of the high risk of fraud. But banks can because they already confirmed your identity, have all your real info and all other things of stuff. But the normal transaction time is slightly increased for the check to clear.

Last edited by yotano211; 10-31-2012 at 01:24 PM.
Reply With Quote
The Following User Says Thank You to yotano211 For This Useful Post:
smohsin586 (11-01-2012)
  #15  
Old 10-31-2012
rsot's Avatar
Executive [VIP]
 
Join Date: Dec 2009
Posts: 59,172
Thanks: 4,671
Thanked 7,192 Times in 6,556 Posts
Activity: 100%
Longevity: 77%
iTrader: (7)
Default

Ha yotano - yeah deposit is right - many banks still dont like 3rd party endorsement BUT some do...just have to play the game right
Reply With Quote
  #16  
Old 10-31-2012
Executive [VIP]
 
Join Date: Dec 2010
Posts: 3,390
Thanks: 238
Thanked 770 Times in 567 Posts
Activity: 3%
Longevity: 69%
iTrader: (0)
Default

Quote:
Originally Posted by rsot View Post
Ha yotano - yeah deposit is right - many banks still dont like 3rd party endorsement BUT some do...just have to play the game right
I have deposited some 3rd party checks at a credit union I only had for 2 weeks. But it really depends on the bank, not on the bank relationship. But I have yet to find a bank that denied my 3rd party check.
Reply With Quote
  #17  
Old 10-31-2012
sidebetz's Avatar
Subscribed [VIP]
 
Join Date: Nov 2011
Posts: 130
Thanks: 1
Thanked 8 Times in 7 Posts
Activity: 0%
Longevity: 62%
iTrader: (0)
Send a message via Skype™ to sidebetz
Default

are you planning on withdrawing much? maybe you can withdraw it buy transfering it through a gambling site.
Reply With Quote
  #18  
Old 10-31-2012
Junior Member
 
Join Date: Oct 2012
Posts: 4
Thanks: 0
Thanked 3 Times in 2 Posts
Activity: 0%
Longevity: 55%
iTrader: (2)
Default

If you're an American, I know for fact that if you have a business banking account with most of the banks, they don't care about names on the check matching the name on the account.

If you've got a bank that has ATM check deposit, you can deposit them to the account without much of a problem.

As long as the check is a good check, you'll be alright. Of course, I've yet to do this with any amount over $2,500 and expect a few days wait to have your funds available.

I've done this with Paypal and a few other processors with no problem.
Reply With Quote
The Following User Says Thank You to vinbux For This Useful Post:
smohsin586 (11-01-2012)
  #19  
Old 11-01-2012
rsot's Avatar
Executive [VIP]
 
Join Date: Dec 2009
Posts: 59,172
Thanks: 4,671
Thanked 7,192 Times in 6,556 Posts
Activity: 100%
Longevity: 77%
iTrader: (7)
Default

It also depends a lot on how much you are putting through and how often. Some banks will play the 3rd party game, some wont. In US you have a lot of banks to try so all the best. Canada is bit tougher but thats just a side note
Reply With Quote
  #20  
Old 11-01-2012
Junior Member
 
Join Date: May 2011
Posts: 23
Thanks: 5
Thanked 1 Time in 1 Post
Activity: 0%
Longevity: 66%
iTrader: (0)
Default

your right i did it for pnc business checking for a while but
they caught on to me
because i was depositing like $4000+ check everyday
if u have small checks u should be able to do it with no problem

but then again i dont prefer banks
liqour stores are the best
build good relationship explain to them what ur doing
as long as they know ur not shady they will cash anything u give them





Quote:
Originally Posted by vinbux View Post
If you're an American, I know for fact that if you have a business banking account with most of the banks, they don't care about names on the check matching the name on the account.

If you've got a bank that has ATM check deposit, you can deposit them to the account without much of a problem.

As long as the check is a good check, you'll be alright. Of course, I've yet to do this with any amount over $2,500 and expect a few days wait to have your funds available.

I've done this with Paypal and a few other processors with no problem.
Reply With Quote
  #21  
Old 11-01-2012
Junior Member
 
Join Date: May 2011
Posts: 23
Thanks: 5
Thanked 1 Time in 1 Post
Activity: 0%
Longevity: 66%
iTrader: (0)
Default

and i recommend u to try it first
and then thank me





Quote:
Originally Posted by MM78 View Post
I honestly find your method too risky and would not recommend anyone try it.
Reply With Quote
Reply



Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Need help with Paypal withdraw funds. 12patron Paypal Limited 4 02-19-2011 08:30 AM
Paypal 180days funds withdraw 12patron PayPal Talk 0 01-16-2011 01:20 PM
has anyone ever used withdraw funds by check? ms. pickle PayPal Talk 11 06-04-2010 06:44 AM
Paypal ; withdraw funds .. ciboulette0612 Subscriber Discussions 5 01-24-2008 05:15 PM


Aspkin Group

All times are GMT -5. The time now is 01:10 PM.


Stop the guessing games and learn how you can quickly and easily get back on eBay today!
Read the best selling step-by-step eBay Suspension guide eBay Stealth!
Amazon Suspension? Read Amazon Ghost to get back on Amazon!
vBulletin® Copyright ©2000 - 2019, Jelsoft Enterprises Ltd.
Ad Management by RedTyger
no new posts