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'Transfer from bank account' - transfer started on July 24th

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New Community Member

'Transfer from bank account' - transfer started on July 24th

Hey all,

I've searched forums and answers to no avail to try and fix this issue so I'd hope I'd get a resolution here.

I made a bank transfer from my bank account to my PayPal account and have waited since the 24th of July. I'm getting really anxious that this money has effectively been 'lost'. I have since cancelled the transaction in a moment of hope that I'd get the money returned. I did this on the 3rd of August.

 

Any help is greatly appreciated,

Joe.

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Volunteer Advisor

Re: 'Transfer from bank account' - transfer started on July 24th

@JMChanning

 

Takes 5-7 working days so that means it would probably have cleared sometime up to midnight yesterday.

But if you have cancelled it then you may have to wait again for it to return.

 

You are aware you never need funds in your paypal account balance as a buyer aren't you?

As long as you have a linked funding source paypal will take direct from your funding source eg bank account / card.

Normally they credit the seller in advance and paypal take the wait for the funds to transfer, so you get your item more quickly.

4 REPLIES
Volunteer Advisor

Re: 'Transfer from bank account' - transfer started on July 24th

@JMChanning

 

Takes 5-7 working days so that means it would probably have cleared sometime up to midnight yesterday.

But if you have cancelled it then you may have to wait again for it to return.

 

You are aware you never need funds in your paypal account balance as a buyer aren't you?

As long as you have a linked funding source paypal will take direct from your funding source eg bank account / card.

Normally they credit the seller in advance and paypal take the wait for the funds to transfer, so you get your item more quickly.

New Community Member

Re: 'Transfer from bank account' - transfer started on July 24th

Do would I need to wait another 5 to 7 days for it to return?

New Community Member

Re: 'Transfer from bank account' - transfer started on July 24th

I found that you didn't need a balance after I attempted to transfer the funds.

Volunteer Advisor

Re: 'Transfer from bank account' - transfer started on July 24th

@JMChanning

 

Did you cancel it from your bank account side? If so you would need to ask your bank.