Bank removed after verification

Lwright
Member
Member

I used my Regions bank account - the now card - as my bank. I received the 2 payments and comfirmed them on Paypal. The next day my bank was removed and I got this weird email from "Synchrony Bank for your PAYPAL". I did not fill out the form because it's extremely basic and looks fishy.

 

Why did my bank get removed? Am I not verified anymore? I have the Paypal Business debit card as well and two visa debits connected to the account.

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sharpiemarker
Esteemed Advisor
Esteemed Advisor

Not with PayPal which is why Synchrony Bank sent you an application for probably an account to use with PayPal.  It has to be a bank account as in checking or savings. It can't be a reloadable card account that also accepts direct deposit.  The Now card is a banking solution and not even listed under Checking or Savings section on this page: https://www.regions.com/personal_banking/now_card.rf


Kudos & Solved are greatly appreciated. 🙂

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sharpiemarker
Esteemed Advisor
Esteemed Advisor

I looked up Regions bank and the now card. The Now card is a reloadable card, not a bank account.  You need an actual bank account number and a routing number.  Do you have a checking or savings account with Regions bank?


Kudos & Solved are greatly appreciated. 🙂
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Lwright
Member
Member

Yes I do but the Regions now card can accept direct deposits. I was using that until the Regions Business account was finished.

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sharpiemarker
Esteemed Advisor
Esteemed Advisor

Not with PayPal which is why Synchrony Bank sent you an application for probably an account to use with PayPal.  It has to be a bank account as in checking or savings. It can't be a reloadable card account that also accepts direct deposit.  The Now card is a banking solution and not even listed under Checking or Savings section on this page: https://www.regions.com/personal_banking/now_card.rf


Kudos & Solved are greatly appreciated. 🙂
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Lwright
Member
Member

Gotcha. Thank you

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sharpiemarker
Esteemed Advisor
Esteemed Advisor

You're welcome Smiley Happy


Kudos & Solved are greatly appreciated. 🙂
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sharpiemarker
Esteemed Advisor
Esteemed Advisor

If you go on this page: https://www.regions.com/personal_banking/everyday_banking.rf

 

Under "Now Banking & Cash solutions", it says, "Get the cash services you need, with or without a checking account."

 

So it is not a bank account in the same sense. Look at the Checking and Savings sections and the services provided there.  Those are the type of bank accounts you can add as a bank to PayPal.

 


Kudos & Solved are greatly appreciated. 🙂
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