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-   -   Questions about withdrawing high amount of money from limited paypal (https://www.aspkin.com/forums/subscriber-discussions/110313-questions-about-withdrawing-high-amount-money-limited-paypal.html)

mcmstar 09-07-2017 11:15 PM

Questions about withdrawing high amount of money from limited paypal
 
High guys,
High amount of money soon to be released from my canadian paypal.
I don't live there and I have two friends who are willing to help me. One of them is on tourist visa the other is Canadian.
I have couple questions:
1- Which friend to chose better idea? Canadian or non Canadian?
2- Bank account is not active on my pp account so can I add two different bank accounts or split the withdrawal into 3-4 times to the same new bank account?
3- Is it better idea taking check? If yes can I get split checks on my friends' name?
4- In the future could there be a tax problem for my friends?

Thanks.

rsot 09-07-2017 11:54 PM

Re: Questions about withdrawing high amount of money from limited paypal
 
1. That's your choice - either can get the bank account but are any of them truly "friends"?
2. Withdrawal 3-4 times to same bank account
3. Canadian pp doesn't do checks last time I checked.
4. That question depends on the amount and speaking to your friend...tell him/her to speak to an accountant or financial professional for proper advice

mcmstar 09-13-2017 08:41 AM

Re: Questions about withdrawing high amount of money from limited paypal
 
Ok my funds are released but I have more questions:
1- Can I add more than 1 bank account?
2- Can I add a bank account that is already linked to another paypal?
Thanks.


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