PayPal now saying they are making instant transfers to bank accounts
By snowy
@snowy22315 (169993)
United States
December 10, 2018 4:39pm CST
I use a PayPal debit card so I always have my money instantly, but there are times it might come in handy to have the money directly in the bank account. I think you have to furnish them a bank debit card or eligible credit card in order to do this. I think you would still have to be the one to initiate the transfer. I like the way the system is now..but I might like the option of putting it in the bank immediately. What say you?
12 people like this
13 responses
@cintol (11261)
• United States
11 Dec 18
I like my money in Paypal that way when I order things online I don't have to use my debit number, I just put in the order and it comes straight from Paypal to the person I purchased from. Its a lot safer that way, if I want the money in my acct I just tell them and they transfer it.
1 person likes this
@cintol (11261)
• United States
11 Dec 18
@snowy22315 I have one but have never used it.
1 person likes this
@snowy22315 (169993)
• United States
11 Dec 18
@cintol I find it quite convenient.
1 person likes this
@ScribbledAdNauseum (104632)
• United States
10 Dec 18
I say I do. I use it now, not all the time, but it's not bad. There is a fee but it's usually marginally small. I like that, if need be, I can transfer from my paypal to my bank whilst out.
1 person likes this
@snowy22315 (169993)
• United States
10 Dec 18
hmmm, not sure I like the fee idea. I think I would only be up for it if it was free.
@ScribbledAdNauseum (104632)
• United States
10 Dec 18
@snowy22315 It's like a 1% fee I think. It used to be a quarter for every instant transfer.
1 person likes this
@marguicha (215461)
• Chile
10 Dec 18
Some options mean that Paypal will ask for more money to transfer elsewhere. Check before.
1 person likes this
@snowy22315 (169993)
• United States
10 Dec 18
Well here in the US, I don't think we would get charged but others in other countries have to pay fees sometimes I think
1 person likes this
@marguicha (215461)
• Chile
11 Dec 18
@snowy22315 I have to pay a fee to withdraw to my credit card. That´s why I do it once a year.
1 person likes this
@snowy22315 (169993)
• United States
11 Dec 18
@marguicha are you eligible for the PP debit card there?
1 person likes this
@JohnRoberts (109857)
• Los Angeles, California
11 Dec 18
They have always had the option to make direct deposits to bank account.
1 person likes this
@snowy22315 (169993)
• United States
11 Dec 18
Of course but not instant payments.
1 person likes this
@snowy22315 (169993)
• United States
11 Dec 18
I just use the cards..if I want to put some of it in my bank account I can, but usually I just withdraw cash off the cards if I need it, although it isn't always the most convenient. I will think about it..it might be nice to have the option to put it in the bank right away at least once in awhile.
1 person likes this
@nela13 (55700)
• Portugal
11 Dec 18
@snowy22315 I use the money I have in my paypal to shop online.
@snowy22315 (169993)
• United States
10 Dec 18
I think it might work out well..but I would like to keep the option of the debit cards too.
1 person likes this
@snowy22315 (169993)
• United States
10 Dec 18
@Courage7 The debit cards can be a bit of a hassle though..as I have two PP for two accounts and I always have to make sure I am using the right one, as the balance varies on each.This is in addition to other bank and credit cards.
1 person likes this
@Courage7 (19633)
• United States
10 Dec 18
@snowy22315 Oh yes always keep the other options
1 person likes this
@Sreekala (34312)
• India
11 Dec 18
It is long time time, Indians receive money instantly from paypal. I mean paypal transfer the money instantly on daily basis to bank by themselves. Earlier it was on our hands, we can accumulate money in paypal and transfer the money on our wish. But it is history now.
1 person likes this
@allknowing (130064)
• India
10 Dec 18
India has been getting this facility since long In your case it will still be dollars but ours get converted to Indian Rupees
1 person likes this
@snowy22315 (169993)
• United States
10 Dec 18
Not instant..that is a fairly new development. The usual transfer used to take a day or two. I haven't done it for years though. I use the cards.
