Money Transfer to Bank on 4th of July?

Alisend
Contributor
Contributor

I recently transferred my money yesterday to my bank account, will the money be here today or be put off until tomorrow?

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18 REPLIES 18

JimmyPA
Contributor
Contributor

I came here with the same question. I initiated a deposit from my paypal into my bank account YESTERDAY, July 3rd around 8AM, and as of 2:30PM July 4th it is still "pending", which is very unusual. Is this because of the holiday weekend?!

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DPCreations
Frequent Advisor
Frequent Advisor

It takes 3-5 BUSINESS days for the transfer to complete into your bank account.

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Alisend
Contributor
Contributor

For me, it's only supposed to be 1 business day.

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DPCreations
Frequent Advisor
Frequent Advisor

Just expressing reality:  3-5 business days.  What is supposed to be is not relevant; reality is.

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Alisend
Contributor
Contributor
It explicitly states when I make the withdrawal and transfer that it will only take 1 business day. Every-time I have previously done this, it has taken 1 business day.
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JimmyPA
Contributor
Contributor
Yup, me too. It says it takes 1 business day, and that's how long it has always taken. 3-5 was old school. These days it's 1 day. Also, it was always one day for it to move out of "pending" status. It was just that *BANKS* used to take longer to process direct deposits, which is why the 3-5 days. Now banks don't take as long. It was never paypal that extended the length.
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DPCreations
Frequent Advisor
Frequent Advisor

OK.  Then then all is fine.  What's the problem?

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JimmyPA
Contributor
Contributor
... the problem, for me at least, is that I initiated the deposit 8AM July 3rd, and under normal circumstances that deposit would appear in my bank the next morning, but it is now nearly 3PM on July 4th and the deposit is still listed as "pending" in my paypal account. Which I already stated.
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DPCreations
Frequent Advisor
Frequent Advisor

Welcome to reality.

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