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-   -   '*' Withdrawing from PP to Bank - ACH Error (https://www.aspkin.com/forums/paypal-talk/56645-withdrawing-pp-bank-ach-error.html)

Allurre07 02-14-2013 04:56 AM

'*' Withdrawing from PP to Bank - ACH Error
 
Hey guys,

Tried to withdraw money from PP account to bank (different names) a couple days ago.

Received this message today:



An electronic funds transfer from your PayPal account to your bank account was rejected today for this reason:

Invalid Bank Account Information




What could be the reasons?

Is the bank denying it?

Ukdirect 02-14-2013 05:26 AM

What kind of Bank account is it you have used?

Have you already validated the account with PayPal?

Allurre07 02-14-2013 05:36 AM

@UKDirect

Savings account. Paypal has already been verified long ago. It's however been permanently limited so I'm withdrawing the money out of it.

oompaloompa 02-14-2013 05:47 AM

bank issue, maybe, did it receive money from this attached paypal before or has it never been used?

GreenBean 02-14-2013 05:51 AM

Quote:

Originally Posted by Allurre07 (Post 421143)
Hey guys,

Tried to withdraw money from PP account to bank (different names) a couple days ago.

Invalid Bank Account Information

What could be the reasons?

Is the bank denying it?


What country's paypal and bank are involved?

:spy:

Allurre07 02-14-2013 07:08 AM

@Oompaloopma - Never made a withdraw with this account before.

@GreenBean - Thailand. Thai Bank - Kasikorn

GreenBean 02-14-2013 07:12 AM

Could be a bank issue.

Below is an older thread. But that bank was reported as not accepting mis-match of names. Reports were mixed.
http://www.aspkin.com/forums/all-oth...lth-banks.html

:ranger:

trustywatchguy 02-16-2013 08:57 AM

Hi Green Bean & All

I was wondering if we always need to have the Paypal Name and Bank Account Name to tally 100% before we can withdraw funds???

I have read the Ebay Stealth and it says some banks do not check at all and its the Routing Code and Bank Account Number that they use. I am based in Singapore and will like to ask if any can answer my Noob question

Thanks.

Roscoe 02-16-2013 12:37 PM

You answered your own question.

Now you need to find a bank in Singapore that accepts deposits in different names.

rsot 02-17-2013 03:54 AM

Quote:

Originally Posted by trustywatchguy (Post 421949)
Hi Green Bean & All

I was wondering if we always need to have the Paypal Name and Bank Account Name to tally 100% before we can withdraw funds???

I have read the Ebay Stealth and it says some banks do not check at all and its the Routing Code and Bank Account Number that they use. I am based in Singapore and will like to ask if any can answer my Noob question

Thanks.

Just make sure the bank will accept deposit in different names.

Most of the name, they will

GreenBean 02-17-2013 05:00 AM

Quote:

Originally Posted by rsot (Post 422252)
Just make sure the bank will accept deposit in different names.

Most of the name, they will

today's typo?

Poor poor hamster.

That wheel turns sooo fast

:ranger:


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