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  #1  
Old 09-23-2014
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Default adding bank to paypal

Hi,

When it comes to adding your bank account to paypal. Do you just add the account number and sort code and click link? i just want to add my bank account to transfer the money ONLY.

After that can I transfer all the money to my account or is there a verification process.

UK paypal.

Cheers,
Andy.
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Old 09-23-2014
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Default Re: adding bank to paypal

In a nutshell yes that is it.

You will need to also input the verification code sent to you by PayPal

To stop PayPal trying to take money from your account add a VCC and remove the bank account as a approved payment method.
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Old 09-23-2014
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Default Re: adding bank to paypal

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Originally Posted by JamesNorth101 View Post
In a nutshell yes that is it.

You will need to also input the verification code sent to you by PayPal

To stop PayPal trying to take money from your account add a VCC and remove the bank account as a approved payment method.
Thank you for your help.
I already have a VCC added to the account, so all I do is remove my bank account from my paypal once adding it?
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Old 09-23-2014
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Default Re: adding bank to paypal

No, the bank account needs to remain on the PayPal, you need to remove the bank account as a pre-approved sourcing method for things like eBay fees to make sure they do not try to draw on the bank account if your PP funds do not cover the EB fees
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Old 09-23-2014
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Default Re: adding bank to paypal

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Originally Posted by JamesNorth101 View Post
No, the bank account needs to remain on the PayPal, you need to remove the bank account as a pre-approved sourcing method for things like eBay fees to make sure they do not try to draw on the bank account if your PP funds do not cover the EB fees
Oh I see. My stealth account has a different name to what's on my bank account, won't paypal think this is suspicious?

I really do appreciate your help.
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Old 09-23-2014
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Default Re: adding bank to paypal

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Originally Posted by andy4ever View Post
Oh I see. My stealth account has a different name to what's on my bank account, won't paypal think this is suspicious?

I really do appreciate your help.
You input the bank account as IF it is registered to the stealth name....PP can't see the true name.
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Old 09-23-2014
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Default Re: adding bank to paypal

Quote:
Originally Posted by andy4ever View Post
Oh I see. My stealth account has a different name to what's on my bank account, won't paypal think this is suspicious?

I really do appreciate your help.
PayPal will not know so long as they do not try to draw funds from the bank account
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Old 09-24-2014
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Default Re: adding bank to paypal

Ok so the logical next step is.. Will the bank see your name does not match, How do you find out what banks all ow this
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Old 09-24-2014
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Default Re: adding bank to paypal

Yes your bank will see that the name will not match. Most banks do not mind.

Search the forum to see if the bank has any known issues.
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