Can I open a new paypal account with Savings account number?

[jenupy2j]

I have already used the current account with another paypal.

I want to use savings account number of the same bank for my new paypal. Is it possible? Has anyone done this?

Thanks

[GrannyT]

This can be done if it's done properly

Use the search button

[slokor]

When you enter your bank account info it asks you if its a checking or savings account.
Ive never had an issue using either one in the past.

[GrannyT]

Do not say savings account!!!!!!

[GrannyT]

Not in the UK anyway

[GrannyT]

And do some more research before doing it

[GreenBean]

Originally Posted by slokor

When you enter your bank account info it asks you if its a checking or savings account.
Ive never had an issue using either one in the past.

Rather different matter in the UK...

Using a savings account requires careful selection of them. (Some are good, some are horrid )

[Elijah]

It will works for verification... but the problem is that if you get the account verified with the savings account, it may be removed some time later as the direct debit mandate may be rejected by the bank. In that case, the PayPal account can still be used with a second (brand new) savings account to withdraw; you would just leave the bank account unconfirmed and withdraw.

If verification is not important to you at all, then just add the account and leave it unconfirmed. Then you can withdraw to it without any worry of it being removed at some point in time.

[jenupy2j]

I am opening a new sealth paypal for my new sealth Ebay.

So, I need to confirm bank account and add a VCC to raise withdrawal limit.

Can I still use the savings account number?

[jenupy2j]

Originally Posted by GrannyT

Do not say savings account!!!!!!

Why not........?

[jenupy2j]

Originally Posted by Elijah

It will works for verification... but the problem is that if you get the account verified with the savings account, it may be removed some time later as the direct debit mandate may be rejected by the bank. In that case, the PayPal account can still be used with a second (brand new) savings account to withdraw; you would just leave the bank account unconfirmed and withdraw.

If verification is not important to you at all, then just add the account and leave it unconfirmed. Then you can withdraw to it without any worry of it being removed at some point in time.

If I don't confirm my bank account, what is the difference? why will the direct debit mandate be rejected?

[GrannyT]

Oh come on - Paypal do not like savings accounts because of the level of security. DON'T do this without knowing what you are doing or it will end in tears before bedtime.

You have been warned

Research - research - research

And then you will be fine

[jenupy2j]

Originally Posted by GrannyT

Oh come on - Paypal do not like savings accounts because of the level of security. DON'T do this without knowing what you are doing or it will end in tears before bedtime.

You have been warned

Research - research - research

And then you will be fine

Right, so if I enter the account as "current" although its savings, I should be fine?

[GrannyT]

jenupy2j - research - research - research - suggest you check out TizWoz posts

[Elijah]

Originally Posted by jenupy2j

If I don't confirm my bank account, what is the difference? why will the direct debit mandate be rejected?

If you don't confirm it, no direct debit mandate has been submitted. Therefore there is nothing to reject, and consequently no removal of account days/weeks/months/years/whatever later.

If the direct debit mandate is rejected, it is because these accounts were never designed for that purpose in the first class. Banks have current/basic accounts for that, so they see no reason to allow it for savings accounts.

[jenupy2j]

Originally Posted by GrannyT

jenupy2j - research - research - research - suggest you check out TizWoz posts

Can you please provide me the link to this post?

Thanks

[jenupy2j]

Originally Posted by Elijah

If you don't confirm it, no direct debit mandate has been submitted. Therefore there is nothing to reject, and consequently no removal of account days/weeks/months/years/whatever later.

If the direct debit mandate is rejected, it is because these accounts were never designed for that purpose in the first class. Banks have current/basic accounts for that, so they see no reason to allow it for savings accounts.

So what if I choose "current account" and enter the savings account number? Will paypal still find out that its savings account?

[GrannyT]

It's late - I have to be up at 6.00 am to deal with poultry so this is my last posting tonight

You cannot use Savers because of the DD issue. But you can if you work it right,

Forget about not confirming it.

You do confirm it.

Now, go to the members list, look for TizWoz and read his posts.

That's called research

Spoon feeding finished ages ago and we do not like to put too much info on open forum

Strangely we expect you to do a little bit of work yourself.

The info is there - go and get it

Good Night

[GrannyT]

One last thing

Despite what you have been advised by others you need to confirm the account to get your Paypal account verified

[Elijah]

I am guessing that "others" refers to me... strange as I am just one guy. I already pointed that part out in my first post. So despite what? I said that if verification was not important, just leave it unconfirmed and bypass this Direct Debit issue altogether and just use it for withdrawals. That would avoid any potential headache. Or use the first savings account to get verified and use a second one to withdraw if the first gets removed.

[download3000]

Heres what i do, about 80% of my accounts are savings so when you go to paypal just click its a checking account and it still works even though you use a savings. I transfer money in and have zero problems. Plus they cant ever take any money from accounts if there are saving accounts.

[oge]

^^^^^^ This is not good. Doing this will limit your account in the USA. You will get the message about bank being linked to suspicious activities never to be able to lift this limitation. You've been warned.