Wrong Bank for withdrawal used

[EGYfromhell]

I have 2 US bank accounts in my PP i made a withdraw to the wrong bank, can I call pp and ask them to cancel it so I can withdraw to right bank account?

[GreenBean]

How do I cancel an add funds transfer?
Question :
Answer :
Once you have requested an add funds transfer unfortunately there is no way to cancel or stop our representation to your bank. This is an automatic process initiated when you confirm your request to add funds.


from the paypal us site. I've tried B4 and had no luck . Sorry for that news.

[EGYfromhell]

Do you have any idea what will happen when the money will come back to account coz the bank rejected to get it? I know they will disable this bank account, but what about the account is it going to be limited access? if not, can I withdraw on the second bank account that I have on PP and it also verified!!

[rsot]

Money will come back in - account should not go limited ONLY for this - if you have other issues, then it may be. I have had this happen once - did not affect the account of itself.

[EGYfromhell]

great thanks

[FandangoKango]

I doubt the account will be limited, but the money will come back. Im talking from personal experience.

[GreenBean]

Funds get 'credited' back to paypal. Keep an eye on your balance. Couple times I did the same there was no emails. (NOT that I ever like paypal addressed emails). Should be OK to transfer.

[Timmy]

You will be fine.

[GrannyT]

It's easily done - I did it last week. I had to cash out for someone I sell for so I sent him his chunk then went to download my miniscule % - sent it to him!!!

He'll be short next week!!

[clife]

Originally Posted by GreenBean™

How do I cancel an add funds transfer?
Question :
Answer :
Once you have requested an add funds transfer unfortunately there is no way to cancel or stop our representation to your bank. This is an automatic process initiated when you confirm your request to add funds.


from the paypal us site. I've tried B4 and had no luck . Sorry for that news.

GreenBean™ but this is the add funds from bank to Paypal option and not the withdraw funds to bank account....It happens the same on withdrawals?

[GreenBean]

I checked it 3 times before I posted. Checked US, UK & Australia sites too.

Transfers FROM paypal to a bank account are not stopable. Reverse is same. Few banks could cancel an eletronic transfer per se. (Other action would be needed)


And it stands to reason. ('Cept paypal has no reason). Electronic funds transfers are neither part of a paypal balance nor part of a bank account balance. The value has been removed

[GreenBean]

How do I cancel a withdrawal?
Question :
Answer :
Unfortunately, once you’ve requested a withdrawal from your PayPal account, it can’t be canceled.

Slighlty different wording. On paypal AU site.....downer if an error is made


It's typical paypal talk too. The words differ on each site. So when you try HELP (or lack of), it can be confusing to get a correct reply.

[clife]

Originally Posted by GreenBean™

I checked it 3 times before I posted. Checked US, UK & Australia sites too.

Transfers FROM paypal to a bank account are not stopable. Reverse is same. Few banks could cancel an eletronic transfer per se. (Other action would be needed)


And it stands to reason. ('Cept paypal has no reason). Electronic funds transfers are neither part of a paypal balance nor part of a bank account balance. The value has been removed

True...I knew it was almost impossible for banks to do it specially when the operation is concluded and not on the run. But i didn´t knew for Paypal....Anyway, a rejection from the bank could be because of a stealth name used for example? I say this because Paypal says that name has to be excatly the same regarding withdrawals....

[GreenBean]

Banks may reject on a name. When I worked in a clearing house, we never rejected a deposit on that basis. Usual practice was to 'reject' if an account had incorrect numbers.

But, regardless, the banks put those funds into suspense accounts AND take interest. Our prime concern was to balance the takings for that day. And to make sure funds were earning interest for the bank & shareholders.
Paypal does make the statement names must be correct. It's their contribution to go along with various regulations in force in the countries they operate.

I've mentioned elsewhere that my transfers are fequently in stoopid names. Was SO upset tnoone picked up the transfer in the name of The Cow Jumped over The Moon. I do that deliberately. As you know, it's not a branch that does the transactions. All other details are correct & the funds make it to my account.:D

[clife]

Originally Posted by GreenBean™

Banks may reject on a name. When I worked in a clearing house, we never rejected a deposit on that basis. Usual practice was to 'reject' if an account had incorrect numbers.

But, regardless, the banks put those funds into suspense accounts AND take interest. Our prime concern was to balance the takings for that day. And to make sure funds were earning interest for the bank & shareholders.
Paypal does make the statement names must be correct. It's their contribution to go along with various regulations in force in the countries they operate.

I've mentioned elsewhere that my transfers are fequently in stoopid names. Was SO upset tnoone picked up the transfer in the name of The Cow Jumped over The Moon. I do that deliberately. As you know, it's not a branch that does the transactions. All other details are correct & the funds make it to my account.:D

LOL i would be upset too...It´s a great name i´m envy!

Thanks for all the info man..really precious

[First Edition]

Originally Posted by EGYfromhell

Do you have any idea what will happen when the money will come back to account coz the bank rejected to get it? I know they will disable this bank account, but what about the account is it going to be limited access? if not, can I withdraw on the second bank account that I have on PP and it also verified!!

I've seen paypal limit the account permanently because of this.....

[Sandy D]

Now I know why I am so paranoid and check and double check before I click anything.

This could cost someone a ton of money.

Be careful for now on.

I am thinking it will come back and once you try to withdraw to the correct you will get the million questions before it lets you.

Hope not.