Transferring money from paypal to bank.. need info..
By dilip_naik11
@dilip_naik11 (261)
India
May 17, 2009 2:55pm CST
I just opened a new bank account.. This is obviously my first encounter wit financial transactions n al that so.. Can anyone help me with this? Can i use paypal or any other online account to transfer money to my bank account WITHOUT notifying about the transaction to my bank staff? Is it ok if i just give all details regarding my bank and account number in paypal profile n send money? I am not that happy with the way the bank staff are cuz they are always busy n ders just no enquiry person to ask for these things.. Sure i know the ifsc code of the branch and will get my account number soon. Just wanna know if the transaction can be done without consent to bank.. Will the money be transferred directly this way?
3 responses
@jwfarrimond (4473)
•
17 May 09
In a word - Yes. PayPal will need to verify your bank account first. They do this by depositing two small sums to your account - a matter of a few cents, you will need to find out what those amounts are, and then, using the link in the email that PP will send to you, you enter the amounts into the PP verification page.
Then you will be able to transfir the money. There is no need to inform the bank of the transaction, it should go directly into your account. Of course though, the banks in your country might require you to inform them. I only know that it's not necessary to inform the bank here in the UK.
@seewhatyouthink (81)
• United States
17 May 09
In addition, all the above information is available within the paypal setup instructions. It is really quite easy. Just take the time reading it. It is probably a little scary the first time you do it online but it really works very smoothly once setup.
@sunstar402 (676)
• India
18 May 09
Ya sure you can transfer your money to any bank account over the world that too without consent to your bank staff.
Just add you bank account details in your concerned paypal acount and also the credit card details and you r on your way to transfer.
@scififan43 (2434)
• United States
18 May 09
I belive you can trasfer money to your palpal accont to your bank account with no problem. You should be able to link your bank accont to paypal as well. all you have to do is go to the paypal site and and follow their instuctios.
