Forum

Withdrawing to New Bank Account
 

Currently have a confirmed bank account on Paypal...want to withdraw funds to a new account, so of course I have to add new bank account. Does it need to be confirmed (with 2 deposits) before I am able to withdraw more than $500, or can I withdraw any amount since there is already a confirmed account listed? Example, if you do not confirm / verify your bank account, your withdrawal limit is $500...therefore, will you still be confined to that $500 until you confirm the new bank account, or will you be able to withdraw over $500 without confirming?

Re: Withdrawing to New Bank Account
 

To lift the $500 monthly withdraw limit you must fulfill 2 of 3 conditions:
Add yoùr SSN not an option for most.
Add a bank account or VBA And have it verified.
Add and link/confirm your credit or debit card (or VCC).
Once two of those are completed the withdraw limit is removed.

Re: Withdrawing to New Bank Account
 

I am quite aware of what it takes to remove the 500 withdrawal limit. I already have a confirmed bank account added and already have the 500 dollar withdrawl limit lifted. I am wanting to withdraw to a new bank account, so what I am saying is...am I able to withdraw over 500 to the new account or must I confirm that account first with the 2 deposits?

Re: Withdrawing to New Bank Account
 

Verify the bank account - looks much better - and don't withdraw a big amount on the first try - go small and slowly withdraw more

Re: Withdrawing to New Bank Account
 

Only have to verify bank if you are using it to buy or pay for things. Withdraw to an unconfirmed bank is OK and especially if you are already verified.

Re: Withdrawing to New Bank Account
 

But how do you become verified without verifying the bank account? The only other way if Im not mistaken is to add your SSN. Unless youre suggesting adding 2 bank accounts - one of which will be verified.

Re: Withdrawing to New Bank Account
 

Yes that's what he said he has 1 bank and added a 2nd bank and if he has t confirm 2nd bank.

Re: Withdrawing to New Bank Account
 

The paypal account is already verified. The bank account attached is already confirmed. I am talking about adding a SECOND bank account and withdrawing to it. Whether or not I need to confirm that second account to withdraw more than 500 or not. I suppose it doesnt really natter, its only a couple days before the micro deposits show up. But just wondering.