Who could withdraw your money in Paypal in case you die?

Paypal, paypal money - Paypal withdrawal and receive money.
Philippines
January 11, 2010 10:42am CST
I am thinking of this if you have an account in Paypal and you die suddenly in an accident or in any unforseen events out of your control. Is their any way your beloved could withdraw your money in Paypal? Do you know if Paypal would allow you to authorized a 2nd party/person to withdraw your accounts to Paypal in case you die? Kindly shares you knowledge if you have some information about this inquiry of mine. Thank you. 1-11-10
13 people like this
42 responses
@kun2349 (23475)
• Singapore
12 Jan 10
Well, i dunno about that though.. BUt if one has got the password to their paypal account, anybody can withdraw the money from it.. hehe ^_^ It does not really matter who withdraws the money, because everything will go thru the bank account.. And for someone whom tries to 'steal' the money, it's gonna be hard work as well.. haha =D
• Philippines
12 Jan 10
hi kun, yeah, access to your email and password could be the remedy. How about you, do anyone in your household know your password? If in an instances it so sudden that no one ever know that you have a paypal then it all mean quits and paypal would be the only one to benefits from your saving which is very unfair..somehow..I know their may be other available option which i am going to ask through their representatives they could give me more a clearer solution on my inquiry to avoid confusion. So in case some unfortunate things happen then you would no longer worry as you authorize someone in your family to claim the remaining balance as long as the documentaries documents proceeding are completed. thanks.
1 person likes this
@kun2349 (23475)
• Singapore
13 Jan 10
U'r here ckyera!! haha =D Well, none of my family members knows that i have got paypal account.. haha =D But even if i were to pass away one day, i guess they will be able to know i have got an account here.. Because i have written everything down, in a notebook.. haha =D As such, my username and password are all there.. hehe ^_^ And ckyera, maybe i will share my password with u, provided u share your username with me.. lol =D
@ckyera (17261)
• Philippines
13 Jan 10
i told you! haha and see i use that words... i'm back! really? so you have the notebook? hmmm what else is written there? hehe haha, sure... but in exchange, you should also share your username as well as your password to me!
• Boston, Massachusetts
12 Jan 10
Hi Neel, It's my husband that i will allow to withdraw my paypal money. i am confident that he will wisely spend the money and for our kids needs. honey, be ready i am working on for this. this is cool!
@ckyera (17261)
• Philippines
12 Jan 10
same here msfrancisco... i will also entrust my password and everything to my husband, and he will be the one who can transact in behalf of me... i have good faith on him, and besides we are husband & wife and so i don't see anything wrong if i share my paypal information to him or even my bank account info!
• Boston, Massachusetts
12 Jan 10
Hi CK, wow new look. see what friendship's suggestions can do?! nice pick...nice choice. i just noticed one thing common to your old avatar--it is still fuchsia pink LOL. well, i married my husband because i know he is the person i can entrust not only material things but even my life. we share everything and there will be no problem with me giving him my account number and pin number.
@ckyera (17261)
• Philippines
12 Jan 10
haha...well this is my very first avatar! hehe yeah, i just like the color...to pictures only but not on clothes! and another common is the heart, but in my eyes avatar, the heart is black & small! very true msfrancisco and i agree with that, coz that's also how i feel about my husband, that i can entrust him my future, my life and my everything! trust is something that every couple should have aside from love & respect...
@Lakota12 (42684)
• United States
12 Jan 10
my daughter and I are on the same account. its set up like a bussiness acount!
• Philippines
12 Jan 10
hi lakota, Yup, that better and you have your daughter in charge as the eligible claimant.
2 people like this
@Lakota12 (42684)
• United States
12 Jan 10
yup for when I order things thru there it comes in her name! altho the money I spend comes out of my bank account!
• Philippines
13 Jan 10
Ok , that would be alright as long as she know your password with your permission their would be no problem
1 person likes this
@zed_k4 (17627)
• Singapore
12 Jan 10
Actually you are right. No one really knows my Paypal password and information except for myself, and that includes my banking information too. So in any event, I think if it could be stated on the will all these personal details or something, that can be an option just in case of a demise.
• Philippines
12 Jan 10
hi zed, So you're one of those who are very cautious when it comes to your private thing you would not entrust it to anyone unless you know him/her well. Well, that a good ideas though it would not be applicable to those who have no will of testament ready unless the other option is offer by the Paypal itself for their clients benefits. I would still research on my inquiry and would ask directly the Paypal on their stand about this matter for better clarification. As i read all their guidelines and it is not mention and that is why i comes out with this inquiry hoping to find some information.
2 people like this
@zed_k4 (17627)
• Singapore
14 Jan 10
And that is a very well thought out question, Neelia.. I am curious as to what the staff would answer on this. Perhaps there is already a solution that we do not know yet..
• Philippines
15 Jan 10
yeah, and that is the one question which i am going to ask to paypal the next time around i log in my account... that would gonna be part 2 follow up of my inquiry...
1 person likes this
@Cutie18f (9563)
• Philippines
12 Jan 10
If your loved ones who are left behind know that you have such an account and you give them the details, then they can easily withdraw that money thru your ATM. That's how one withdraws paypal money, right? So all one has to know are the details necessary to make such a withdrawal.
• Singapore
12 Jan 10
They can, but they must do it before your bank account is closed to avoid inconvenience.
• Philippines
13 Jan 10
hi cutie, yeah, that the best way to to tell them in advance and not to keep as a secret as the troubles ensues when you never tell it to anyone and unexpected things happen then eventually all of your hard earn online would only be forfeited by paypal in their favor.
• United States
12 Jan 10
If somebody had a high amount on money in there account you think they would write there password down and put it in a safe place. That only there closest loved ones knew about incase such a thing did happen.
• Philippines
13 Jan 10
hi washingtonmark, Some never trust even their closer relatives who may be tempted to withdraw all the money and some as you mention would not even write it down as their may be endanger the information would be accessible to anyone who could secure of your private information. While other suggest to includes your password in your freewill if you have in case of unexpected events beyond your control.
@whyaskq (7532)
• Singapore
12 Jan 10
LOL. Pardon me for being aloof. I would not be bothered because I would not keep money in paypal. Even if there is, it may just be a few dollars. It may cost more for the beneficiary to withdraw money from it. Not even sure if a will helps protect the money from being pilfered.
• Philippines
13 Jan 10
hi whyaskq, Yup, that would be less to worry in your side as you prefer to have less money in your Paypal accounts and this only applies to those who have business or premier accounts which involves a lot of activities either for the buyer or merchants which could be an important matter to consider as it part of their business which may be risky if the finances is not properly delegated.
@cream97 (29166)
• United States
12 Jan 10
Hi, neelianoscet. I don't think that anyone would be able to get my money. Me and my husband don't share the same accounts. He don't even know my password at all. This is all hidden. It may just stay in my account, until someone claims it or Paypal may have to decide what they will do with it themselves.
• Philippines
13 Jan 10
hi cream, well, you need to tell them to whoever the person whom you could trust as their are unexpected events which out of anyone control and it may be hard to know you may have saving which your loved ones could not benefit unless you share some information while other suggest that it may be a good option to includes all your password or other transaction listed in your freewill if you happen to have one for the ensuring that your online earning would also goes to the right beneficiary in case some thing happen to you just for claimants benefits otherwise.
• United States
12 Jan 10
I have no idea. But I'm sure there has to be a way. There's a way to do it thru other places you do business with so why not this one?
• Philippines
12 Jan 10
hi 3snugglebunnies, Yeah, i think too and i would look to research on that and have to contact the paypal itself about this inquiry. It is a good things to have an option where the account owner could have a joint accounts like in a partner so in case of emergency their still other option where one could get her remaining money without being forfeit by paypal.
• Philippines
12 Jan 10
I think the only solution to it is, while we are still alive we share our paypal money to person we truly trusted. Like me, since my older sister is matured and have a knowledge about my earnings, I will teach her on how to withdraw money from my paypal account, so that if there is anything happen to me , she can get the money. We should prepared ourselves on this, because our family can use our paypal money regardless of the amount when we die. That is really a great cause, we already gone but still we can be able to help our family.
@jules532 (38)
• United States
12 Jan 10
There is a website - www.legacylocker.com - that would be able to help with this. Its a service where you can go in and save all of you online account log-ins and passwords and select who can access that information if you are hurt or pass away. You can give access to certain digital assets or sites to certain people - its kind of like a will for your online persona. You can sign up for a trial account for free, pay a one time fee, or a monthly fee.
@sweetie1026 (1723)
• Philippines
12 Jan 10
If a member of the family knows all your account information and the savings account where you transfer the money from paypal, then it should not be a problem. They can withdraw your money from paypal thru your savings account.
• Philippines
12 Jan 10
hi sweetie, yeah, that right and the problem only exist when no one in your family know your email and password.
@allknowing (69320)
• India
12 Jan 10
Simple. Pass on your accounts information to whoever you wish to get your money in case you die. That you should do right now or keep that information secret in your will.
• Philippines
12 Jan 10
hi allknowing, yeah, that the best possible solution and it only become worries when you left suddenly without leaving your password on any person you fully trust. in case of the immediate departure then it would be too late to say those passwords unless paypal allow a joint accounts or if you left your password in your testament. Even though, many mention they never left higher amount in paypal but i know some still left higher amounts so it is really a waste of money if paypal freeze or forfeit your accounts and disapprove any claimants of your money. thanks
3 people like this
@Fulltank (2896)
• Philippines
11 Jan 10
If I die and no one know about my account, I'm sure Paypal would forfeit after some time. If someone in the family knew that account, then they can still use it as their account.
@nrn2003 (670)
• United States
11 Jan 10
I dont know who would withdraw mine. I probably wouldn't have any in there though because whenever I get money in my paypal account and immediately withdraw it and put it into my savings account. No one has any of my passwords or whatnot, but i dont accumulate enough in there at one time to worry about it.
• Philippines
12 Jan 10
hi nrn, Yeah, that the good things to do once you accumulated enough money in paypal to ensure it go down immediately and this inquiry appeal in case the person die without having to encash her money or never left her password to anyone whom he trust the money goes in favor of the paypal and the relatives could not make a claim unless it is included in the membership guidelines of the paypal. thanks
3 people like this
• United States
11 Jan 10
My daughter uses the paypal card to buy things now. I know if something were to happen to me. She would just continue to use it as she has done already. I am not sure about her going into my account and things.
• Philippines
11 Jan 10
It would only be okay as you trust your daughter but in case the person itself keep silent reamining her personal password as something confidential it is then the trouble start. especially when something happen and then how could the surviving beloved claim their rights to their relatives money which under settlement. i think it would be good if paypal have a joint account where two people could share the same account in case the other person meet an accident. thanks.
4 people like this
@DOLLYBABY (2536)
• United States
11 Jan 10
yes i think they can...if i was suppose to die i know my husband can withdraw the money out of my paypal cause he already have all access to my paypal information..password and everything...so that wouldn't be of any problem.i think anyone..like you lover or relatives can withdraw the money once they have the account information.
• Philippines
11 Jan 10
hi dollybaby, That good and as long as he got access on your personal password he could manage to withdraw it. The only problem which i could see is when the person itself never told anyone even to her closer relatives her password so the problem exist who would get the money all the saving would only go to Paypal with the absence of the claimants. thanks for sharing.
4 people like this
• United States
18 Jan 10
I know that my husband will have access to my account. He has all the information needed. He is on the card that we have linked to it. I think if you trust someone enough you should give this information to them. I had never thought about what if you die, but I added my husband because I love him and trust him. We share many other accounts and add each other to everything we have,
@aerous (13474)
• Philippines
15 Jan 10
hahaha...you make me laugh for this my friend. It seems that paypal is like an insurance that if something happen onto us we can have a beneficiaries... For me I don't think about it...
@jezzmay (1845)
• United States
15 Jan 10
I am not sure, but I think anyone with your e-mail and pass word can withdraw your funds. I do not know if they allow another person on your account. This is worth looking into. I have not thought about this. I guess we should prepare for that. Have a great day.