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  #1  
Old 02-23-2011
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Default Withdrawal will fail

My bank account has been closed (nothing to do with PP - it is another story) and I have withdrawn funds before I noticed this. The withdrawal still shows as Pending, but it will fail. How long does it usually takes to PayPal to consider the withdrawal as failed and how long will it take to have the funds back into my account? Thanks!
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Old 02-23-2011
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Figure about 10-14 days - faster if you're lucky.
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Old 02-23-2011
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I consider them lost. If they get returned, good then.
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Old 02-23-2011
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They will be returned if your bank is already closed.
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Old 02-24-2011
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Thanks for the advice!
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Old 02-24-2011
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I think paypal will charge you some money - only a little - as the withdrawal was returned.... not a major problem

I think they state this every time you goto withdraw - it does on my uk account.
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Old 02-24-2011
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Quote:
Originally Posted by alps View Post
I think paypal will charge you some money - only a little - as the withdrawal was returned.... not a major problem

I think they state this every time you goto withdraw - it does on my uk account.
Yes, I think that it's U$S 5 per failed withdrawal. I have two transfers still pending (which will fail), therefore I will lose U$S 10. No big deal.

I hope the money gets returned soon. So far it has been 24hs and nothing, but as it was said, it will take some more time. Patience.
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Old 02-25-2011
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Please help me. The withdrawals now show as "Completed", however the bank account has been closed. I have called to bank and they said that in one business day the withdrawals will be rejected and will be reflected in my PayPal balance. Is this possible even if the withdrawals now show as "Completed"?

Or is my money in the twilight zone?
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Old 02-25-2011
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This has happened - it will return to Pa yp al - just be patient. Completed does not mean the end of the world.
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Old 02-25-2011
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Thanks, Rsot. Your kindness and useful responses is always so well appreciated.
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Old 02-25-2011
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As an addendum: I had a recent transfer from my MB fail - took 14 days to get back into mb accounts. Sux but what can you do.
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Old 02-28-2011
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Could these three failed withdrawals (two made with minutes of difference and other within a couple of hours) cause a limitation on my account? I have already another (primary) bank account added since the beginning and my account has been in excellent standing for many many years. Could this "incident" mean the end of my PP account or the money will be returned, being a small fee charged for each withdrawal, and that's it? This is what it worries me most.

Last edited by kryunn; 02-28-2011 at 06:36 AM.
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  #13  
Old 02-28-2011
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Should be returned to your PP account in a week or less.
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  #14  
Old 02-28-2011
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Could - sure. But I would not worry too much about it if your account has been in good standing. I cannot say 100% for sure that all will be ok though =(
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Old 02-28-2011
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@rsot

Well, I finally got the funds reversed without any problems!

Thanks a lot for your help.

You have been great!
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