Payment method Bank still pending , not possible to set this method as preferred

[Krambude]

I added a bank to my PayPal account (the displayed status is now "Confirmed"). However, "Checking" is still displayed for the payment method menu, and it is not possible to set the new payment method as preferred. What could be the problem?

[kernowlass]

@Krambude 

Well is it a checking account or a savings account?