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PAYPAL INST XFER ACH Entry memo posted today. Why does my bank statement say this and a charge for

New Community Member

PAYPAL INST XFER ACH Entry memo posted today. Why does my bank statement say this and a charge for

I checked my bank statement today and I now have an overdraft fee because of this: PAYPAL INST XFER ACH Entry Memo Posted today for $20.41.  What is this and why is it there??

1 REPLY
Volunteer Advisor

Re: PAYPAL INST XFER ACH Entry memo posted today. Why does my bank statement say this and a charge

You paid for something and paypal took it out of your bank account.