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  #1  
Old 03-27-2012
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Default paypal made a withdrawal after making bank verify deposits

i just checked my bank account on line and paypal withdrew the 2 small deposits after depositing them....same day! NEVER had this happen before. something new? what happens when name doesn't match?

i am going to bank today to see if this can be blocked.
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Old 03-27-2012
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Been several reports of this happening.

No the bank will not block it as its a reciprocal agreement you have with p/p for depositing and withdrawing funds from your account.

Its what you signed up for

As for what happens when the names don't match......your busted!
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Last edited by NoneOther; 03-27-2012 at 12:24 PM.
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Old 03-27-2012
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Welcome to the forums. As NoneOther stated, this has been happening with some of the bank accounts registered to PP account.

Which bank is it? You cant block it on your bank's name.

All the best as you read through the site.
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Old 03-27-2012
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This happened to me on the last two accounts I made.

So far so good.

They are trying to see if the bank shares the name etc.
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Old 03-27-2012
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This has happened to me on every PayPal account I have ever made. They always list it as "auto-sweep" or "recovery-sweep" or something similar. It has not adversely affected any of my stealth accounts.
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Old 03-28-2012
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Over the last 3 weeks, paypal has been going into my bank acts, and has been trying to "test" each act. When they try to withdraw, it comes up bad act, and I have to reverify with new bank info.

Its been a pain.
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Old 03-28-2012
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@Jedi, that kind of bad action could cause problems later. Hmm seems to be that PP might be doing not just to get back cash but also to weed out the microdeposit VBAs.
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hows this work if the bank name and paypal name doesnt match?
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Old 03-28-2012
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Quote:
Originally Posted by rsot View Post
@Jedi, that kind of bad action could cause problems later. Hmm seems to be that PP might be doing not just to get back cash but also to weed out the microdeposit VBAs.
I think you right. That was my thought exactly..
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Is this just a U.S thing or happend in UK also?
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Quote:
Originally Posted by NoneOther View Post
As for what happens when the names don't match......your busted!
That's only a speculation. This is not confirmed.
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Old 03-29-2012
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Quote:
Originally Posted by FrankR View Post
Is this just a U.S thing or happend in UK also?
Cross your fingers.

Hope Man City win the League this year.

Not reported as happening in the UK....yet
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Old 03-29-2012
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not gonna happen
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Old 03-29-2012
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Quote:
Originally Posted by Jedi_At_Night View Post
Over the last 3 weeks, paypal has been going into my bank acts, and has been trying to "test" each act. When they try to withdraw, it comes up bad act, and I have to reverify with new bank info.

Its been a pain.
Why is that happening? Is it because paypal can't access the funds on those bank accounts? Do you enter in the same bank info and then you can continue withdrawing to those banks again?
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This just happened to me also. Does this mean that paypal knows the real name of my ally bank accounts now? Does ally bank share names with paypal when these verification deposits are debited? Will this affect my paypal withdrawals?
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Old 04-03-2012
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When money is sent FROM a bank to another service, a receipt is always generated with the ACCOUNT HOLDER'S NAME...it's a field in the financial receipt.

That being said - does PP have your real name now? Likely so - or whatever name was on the bank account. Will it cause you problems? I don't think so but only time will confirm.
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Quote:
Originally Posted by GreenBean™ View Post
Cross your fingers.

Hope Man City win the League this year.

Not reported as happening in the UK....yet
Think that may have something to do with how the DD Guarantee works
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Old 04-08-2012
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I just had one paypal account limited and they are asking me to verify my new ally bank account, which I already verified via deposit method. The reps I spoke with can't tell me why this is happening. I guess they can verify some bank account owner names now.
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Old 04-08-2012
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maybe they want bank statement

it happens
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Old 04-08-2012
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God I hope this doesnt happen to me in Uk I just bank verified my account but my names like a few letters extra (as per Stealth Book) :P
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Old 04-12-2012
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Just happened to me, they deposited money into my account to verify it and then they withdraw the amount like 4 minutes later. I am now wary of withdrawing money out of that account, although I'm not certain I much of a choice. Either way, I don't think this being done to verify account holder names but rather to get back the micro deposits, which probably add up to a couple grand a month with so many people signing up.

Quote:
Originally Posted by JohnPublic View Post
I just had one paypal account limited and they are asking me to verify my new ally bank account, which I already verified via deposit method. The reps I spoke with can't tell me why this is happening. I guess they can verify some bank account owner names now.
Was this a brand new paypal account that you verified or was it an older account?

Last edited by Ballsack; 04-12-2012 at 02:25 AM.
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Old 04-12-2012
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Also depends on the bank involved.
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