Transfer

@akssah (118)
India
March 30, 2010 10:56am CST
Can i transfer money from paypal in my personal bank account if i have not verified my paypal account?
5 responses
sushie93
@sushie93 (1355)
• France
30 Mar 10
No. If you transfer your Paypal funds without being verified, you will lost your money and Paypal can't do nothing for that. So you must to verify your account first before doing transfer.
oindy54
@oindy54 (3445)
• India
1 Apr 10
There is no need to verify your account in order to transfer money successfully from Paypal to your bank account.Verification means lifting the limits from your account.For example,if you are a personal account holder and if you are not verified,you can withdraw only $500 per month maximum and not more than that.But if you are verified you can withdraw much more than that if it is there in your account.I am an unverified member and am withdrawing money every month so I can say with full confidence that you do not need to be verified to withdraw money to your bank account.Just that the minimum amount you withdraw has to be $10 or more. Regards.
liorohu
@liorohu (96)
• India
30 Mar 10
If you are from India then my answer to your question is no.you can verify your paypal account my either adding a credit card or bank account, if u want to verify by bank account then u need to put your bank name, account number and NEFT IFSC code of your bank.Banks that supported paypal transaction(paypal to Your bank)SBI, AXIS BANK, BANK OF INDIA, CANARA BANK, UNION BANK OF INDIA, HDFC BANK, ICICI BANK, ING VYSYA, STANDARD CHARTERED BANK, HSBC AND CITI BANK.
oindy54
@oindy54 (3445)
• India
30 Mar 10
Please read my post below.I am from India and I am withdrawing every month without verifying my account.I withdrew Rs.992 four days back.I am an unverified member.It is not compulsory to verify your account.However with the recent RBI regulations,it is necessary to enter a purpose when requesting your fund transfer. Regards.
user_786
@user_786 (1338)
•
1 Apr 10
i dont know the correct answer but maybe it varies country to country. check your countries paypal website and find it out from there
iharidh
@iharidh (308)
• Indonesia
30 Mar 10
As far as I know, you can transfer some amount of money to your bank account even though you're not verified yet, but with certain limitations. I don't remember exactly what are the limitation, but it seems that we have transfer amount limit if we're not verified. It means that when you reach the limit, you cannot transfer any amount until you become verified. But why don't you just verify it?
kar295rocks
@kar295rocks (2116)
• India
30 Mar 10
No, you have to verify your bank account to do that!