| |
| Elijah | 08-30-2012 05:30 AM |
Quote:
Originally Posted by jenupy2j
(Post 372136)
So is there any way I can add a confirmed bank account? Not even Cash ISA account?
| Of course nothing stops you from following the workarounds to hopefully get the savings account to stay. Also, confirming your bank account will verify your PayPal. Therefore there is no such thing as having an confirmed bank on an unverified PayPal.
ISAs are not ideal, Due to the limit of one per tax year, the limited amount of cash that you can deposit, and the fact that there have been reports of stealth deposits being rejected/PayPal being provided with the owner's real name. They also still have the same problem as any other savings account... you would still need the workaround. It would be a better option to withdraw to a more "normal" account and then manually deposit the cash into the IS, if you really want that tax-free allowance. |
| GrannyT | 08-30-2012 05:34 AM |
Cash ISAs can be VERY VERY problematic. Would definitely advise against using these |
| jenupy2j | 08-30-2012 05:50 AM |
Quote:
Originally Posted by Elijah
(Post 372142)
Of course nothing stops you from following the workarounds to opefully get the savings account to stay. Also, confirming your bank account will verify your PayPal. Therefore there is no such thing as having an confirmed bank on an unverified PayPal.
ISAs are not ideal, Due to the limit of one per tax year, the limited amount of cash that you can deposit, and the fact that there have been reports of stealth deposits being rejected/PayPal being provided with the owner's real name. They also still have the same problem as any other savings account... you would still need the workaround. It would be a better option to withdraw to a more "normal" account and then manually deposit the cash into the IS, if you really want that tax-free allowance.
| I need to withdraw more than 650 a year, how can I do it with the savings account? what bank account do I add after confirming & removing with savings account? |
| GrannyT | 08-30-2012 06:43 AM |
If you add the saver - get it confirmed and remove it as it needs to be done - then add the saver back when you need to withdraw and then leave it you SHOULD be OK.
No guarantees with Paypal I'm afraid.
Alternately add a second saver and do not confirm and just leave it
Once again there are no guarantees with Paypal. Basic bank account is always better.
You really should look at that. Saver accounts are a bit 'desperation' tactics in my view and it's just one more risk that really doesn't need to be taken |
| Ebayorbust | 08-30-2012 08:44 AM |
Quote:
Originally Posted by GrannyT
(Post 372164)
If you add the saver - get it confirmed and remove it as it needs to be done - then add the saver back when you need to withdraw and then leave it you SHOULD be OK.
No guarantees with Paypal I'm afraid.
Alternately add a second saver and do not confirm and just leave it
Once again there are no guarantees with Paypal. Basic bank account is always better.
You really should look at that. Saver accounts are a bit 'desperation' tactics in my view and it's just one more risk that really doesn't need to be taken
| OP, this is great advice from GrannyT.
I do use savers on a few paypal accounts but would never contemplate only using savings accounts. Use them only as a last resort ie you get declined for a basic bank account. |
| jenupy2j | 08-30-2012 10:46 AM |
Quote:
Originally Posted by GrannyT
(Post 372164)
If you add the saver - get it confirmed and remove it as it needs to be done - then add the saver back when you need to withdraw and then leave it you SHOULD be OK.
No guarantees with Paypal I'm afraid.
Alternately add a second saver and do not confirm and just leave it
Once again there are no guarantees with Paypal. Basic bank account is always better.
You really should look at that. Saver accounts are a bit 'desperation' tactics in my view and it's just one more risk that really doesn't need to be taken
| Thank you for the advice.
Say if i added the saver, sent the deposits and confirmed the deposits and remove it immedietely. After 10 days If I add the saver back to withdraw, Can I only withdraw a maximum of 650 for the year? |
| Ebayorbust | 08-30-2012 10:56 AM |
Quote:
Originally Posted by jenupy2j
(Post 372221)
Thank you for the advice.
Say if i added the saver, sent the deposits and confirmed the deposits and remove it immedietely. After 10 days If I add the saver back to withdraw, Can I only withdraw a maximum of 650 for the year?
| The paypal would be verified so there would be no withdrawal limit. |
| Stigger | 08-30-2012 11:43 AM |
Quote:
Originally Posted by Elijah
(Post 372124)
I have heard of some basic accounts having a credit check but never credit scoring. There wouldn't be any point in them existing if they did... they would be just the same as any other current account.
| Got your stuff mixed up again.
Credit score do not incure a charge for the bank and are easier to pass than a credit check which dig deeper and involve a charge, for example HX Easy Cash do a credit score not check, however a full current account with the same bank invloves a credit check. |
| Stigger | 08-30-2012 11:50 AM |
Quote:
Originally Posted by jenupy2j
(Post 372221)
Thank you for the advice.
Say if i added the saver, sent the deposits and confirmed the deposits and remove it immedietely. After 10 days If I add the saver back to withdraw, Can I only withdraw a maximum of 650 for the year?
| the impotant bit is to watch your bank for the micro deposits and add them to PP as soon as you seen then in your bnk account and then remove the bnk account from pp
When you add it back is up to you, i wait untill i need to withdraw and if you add the bnk account back via the withdraw option you will not be asked to re add the mandate.
its how i add all my accounts savers or not. |
| GrannyT | 08-30-2012 11:54 AM |
The OP might not quite get that TW
What TW is saying is do not add the account to Paypal - Withdraw and then when it asks you where to at that point add the saver account back
Is that correct TW? |
| Stigger | 08-30-2012 12:38 PM |
Yup :thumb: |
| Callidus | 08-30-2012 01:26 PM |
Quote:
Originally Posted by TizWoz
(Post 372232)
the impotant bit is to watch your bank for the micro deposits and add them to PP as soon as you seen then in your bnk account and then remove the bnk account from pp
When you add it back is up to you, i wait untill i need to withdraw and if you add the bnk account back via the withdraw option you will not be asked to re add the mandate.
its how i add all my accounts savers or not.
| Both this an GrannyT's posts are the most helpful I have seen round here in a long time for ALL users |
| jenupy2j | 08-31-2012 05:07 AM |
Quote:
Originally Posted by TizWoz
(Post 372232)
the impotant bit is to watch your bank for the micro deposits and add them to PP as soon as you seen then in your bnk account and then remove the bnk account from pp
When you add it back is up to you, i wait untill i need to withdraw and if you add the bnk account back via the withdraw option you will not be asked to re add the mandate.
its how i add all my accounts savers or not.
| Okay, after I add the savers for withdrawing, do I leave it there or shall I remove it again and re-add for the next time im withdrawing and keep doing the same again and again ? |
| Callidus | 08-31-2012 07:16 AM |
Quote:
Originally Posted by jenupy2j
(Post 372438)
Okay, after I add the savers for withdrawing, do I leave it there or shall I remove it again and re-add for the next time im withdrawing and keep doing the same again and again ?
| You should be OK to leave it there, I have done and dont seem to have experienced any issues |
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