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Florida Topic Wells Fargo Bank vs Paypal

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PaulBrooks3
Contributor

Florida Topic Wells Fargo Bank vs Paypal

My question is why is Wells Fargo Bank showing up in my Paypals gmail account? Is Paypal using Wells Fargo Bank for some transactions?
1 ACCEPTED SOLUTION

Accepted Solutions
sharpiemarker
Esteemed Advisor

Re: Florida Topic Wells Fargo Bank vs Paypal

@PaulBrooks3 

 

If you use direct deposit, its a Wells Fargo account do essentially Wells Fargo holds your PayPal balance. And the pass-through FDIC insurance.

https://www.paypal.com/myaccount/bundle/terms

 


Kudos & Solved are greatly appreciated. 🙂

View solution in original post

2 REPLIES 2
sharpiemarker
Esteemed Advisor

Re: Florida Topic Wells Fargo Bank vs Paypal

@PaulBrooks3 

 

If you use direct deposit, its a Wells Fargo account do essentially Wells Fargo holds your PayPal balance. And the pass-through FDIC insurance.

https://www.paypal.com/myaccount/bundle/terms

 


Kudos & Solved are greatly appreciated. 🙂

View solution in original post

PaulBrooks3
Contributor

Re: Florida Topic Wells Fargo Bank vs Paypal

Thanks Sharpie for clarification on what Could've been some mistakes with Paypal on Bancorp bank and Wells Fargo as direct deposits.