Linking a standard bank (South Afrca) to our PayPal account

[SAAJA]

We are experiencing problems trying to link our Standard Bank account to Pay Pal.  We are advised to visit FNB and follow the prompts.  When i do this, FNB tells me I do not have a linked bank, and I must go to PayPal to link a bank first.  When i go to Paypal, my Standardbank bank card is linked, if i try link a bank, i am only given the option to link an American Bank.  Please help.  Hair all pulled out!  😞

[kernowlass · Accepted solution]

@SAAJA

From paypals help pages...............

How can I transfer funds from my PayPal account to my bank account in South Africa?

Transferring funds from your PayPal account directly to your eligible First National Bank of South Africa (ETF) bank account is easy and secure.

To transfer funds, you must first link your PayPal account to your bank account.

To link your PayPal account to your ETF account, follow these steps:

Log in to your FNB account at www.fnb.co.za.
Click on PayPal Services and then on Link PayPal Profile.
Follow the instructions to link your accounts. You will need to sign in to your PayPal account to confirm that you are the account holder.

After linking your PayPal account to your ETF account, follow these steps to transfer funds to your ETF bank account from your PayPal account:

Log in to your FNB account at www.fnb.co.za.
Click on PayPal Services and then on Withdraw from PayPal.
Enter the transfer amount in USD dollars. (Please check that your PayPal balance is sufficient to make the transfer.)
Follow the instructions to confirm the exchange rate, the Rand amount you will receive, and the Transaction Terms and Conditions.
You will be directed to PayPal to sign in and verify the amount you are transferring to your ETF account.
Then you will be redirected to the FNB site. Your funds will be transferred to your bank account within 3 to 6 business days.

[SAAJA]

Here-in lies the problem.  We Do Not have an FNB account, but a Standard Bank account.  FNB assure me that we can channel our Paypal account through their system to accept funds and send it on to us at our Standard Bank account.  they assure me that I do not need to apply for FNB account....  

[kernowlass]

@SAAJA

As far as i am aware you can't use a standard bank with paypal.

[SAAJA]

Thanks Kernowlass,  That rule changed in 2016, where FNB opened transactions to enable other SA banks to channel through FNB bank without those account holders owning an FNB bank account.

If I discover how to do it, i will send you the instructions for future.  

Thank you very much.

Lynda (SAAJA)