Beneficiary or Payable on Death (POD) option on savings account

DB1709
New Community Member

I can't find a way to name a beneficiary or set up Payable on Death (POD) option for my PayPal savings account.  This seems crazy because every bank or financial institutions has an option to name POD or beneficiary so the funds don't have to go through probate or escrow.  There are also potential tax consequences to be considered when POD or beneficiary is not designated.

Login to Me Too
0 REPLIES 0

Haven't Found your Answer?

It happens. Hit the "Login to Ask the community" button to create a question for the PayPal community.