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Old 05-20-2016
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Default Withdrawl to BOA Savings Possible

I recently had a stealth paypal limited with my main BOA checking account attached. On my new stealth, I was wondering if it is possible to withdrawal funds directly to my BOA savings account.
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Old 05-20-2016
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Default Re: Withdrawl to BOA Savings Possible

if i am understanding your question correctly ...you never want to add same bank account to more than one pp account . Now if you have a Boa savings account number that has NEVER been used in pp than yes you can attach your unused savings account to your new stealth pp to with draw funds ..
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Old 05-20-2016
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Default Re: Withdrawl to BOA Savings Possible

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Originally Posted by bluegrass1 View Post
if i am understanding your question correctly ...you never want to add same bank account to more than one pp account . Now if you have a Boa savings account number that has NEVER been used in pp than yes you can attach your unused savings account to your new stealth pp to with draw funds ..
The savings account has never been used on any paypal. The account also has a completely different account number. Only the routing number would be the same.
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Default Re: Withdrawl to BOA Savings Possible

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Originally Posted by Mystical View Post
The savings account has never been used on any paypal. The account also has a completely different account number. Only the routing number would be the same.

Yep you are fine use away
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Old 05-20-2016
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Default Re: Withdrawl to BOA Savings Possible

I use a BoA savings account. Never had an issue.
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Old 05-21-2016
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Default Re: Withdrawl to BOA Savings Possible

Withdrawing to a savings account is fine, but you should be aware that you're only allowed to transfer money from your savings account to your checking account 6 times per month. Before 2016 it was limited to 3x per month but the regulations were updated this year.

So I would recommend building up some money in your savings account before transferring to your checking account. If you transfer every deposit you get straight into your checking account, you'll quickly reach the monthly quota.
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Old 06-04-2016
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Default Re: Withdrawl to BOA Savings Possible

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Originally Posted by phaz0rz View Post
Withdrawing to a savings account is fine, but you should be aware that you're only allowed to transfer money from your savings account to your checking account 6 times per month. Before 2016 it was limited to 3x per month but the regulations were updated this year.

So I would recommend building up some money in your savings account before transferring to your checking account. If you transfer every deposit you get straight into your checking account, you'll quickly reach the monthly quota.
Awesome news to me, thank you very much as I utilize savings accounts all the time.
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Old 06-04-2016
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Default Re: Withdrawl to BOA Savings Possible

Quote:
Originally Posted by phaz0rz View Post
Withdrawing to a savings account is fine, but you should be aware that you're only allowed to transfer money from your savings account to your checking account 6 times per month. Before 2016 it was limited to 3x per month but the regulations were updated this year.

So I would recommend building up some money in your savings account before transferring to your checking account. If you transfer every deposit you get straight into your checking account, you'll quickly reach the monthly quota.
Does any one know if it's one savings account = 6 transfers per month? So I have 2 savings at b of a, = 12 transfers total, 6 transfers on each of those 2 accounts is that correct?
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Old 06-04-2016
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Default Re: Withdrawl to BOA Savings Possible

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Originally Posted by glacier922 View Post
Does any one know if it's one savings account = 6 transfers per month? So I have 2 savings at b of a, = 12 transfers total, 6 transfers on each of those 2 accounts is that correct?
Yes, that's correct. You can transfer from EACH savings account 6 times per month.
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Default Re: Withdrawl to BOA Savings Possible

BOA Savings works fine. You can receive unlimited transfers IN...however only 6 transfers OUT per month. I effed up last month and thought I had one more transfer left, but I had already used all 6....they charged me $25 for that 7th transfer OUT. Be careful.
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Old 06-06-2016
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Default Re: Withdrawl to BOA Savings Possible

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Originally Posted by wtfebay View Post
BOA Savings works fine. You can receive unlimited transfers IN...however only 6 transfers OUT per month. I effed up last month and thought I had one more transfer left, but I had already used all 6....they charged me $25 for that 7th transfer OUT. Be careful.

If you do it 2 more times they'll convert it to a checking account.
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Old 06-16-2016
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Default Re: Withdrawl to BOA Savings Possible

Yes it is ok because checking and saving account have different account#. BOA works with mismatch names. you are ok.
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