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Florida Topic Wells Fargo Bank vs Paypal

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PaulBrooks3
Contributor
Posted on
My question is why is Wells Fargo Bank showing up in my Paypals gmail account? Is Paypal using Wells Fargo Bank for some transactions?
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Florida Topic Wells Fargo Bank vs Paypal

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sharpiemarker
Esteemed Advisor

@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. 🙂

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Florida Topic Wells Fargo Bank vs Paypal

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Go to solution
sharpiemarker
Esteemed Advisor

@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. 🙂

Florida Topic Wells Fargo Bank vs Paypal

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PaulBrooks3
Contributor
Thanks Sharpie for clarification on what Could've been some mistakes with Paypal on Bancorp bank and Wells Fargo as direct deposits.

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