Transferring money

sarahokayy
Contributor
Contributor
I currently transferred money to my PayPal account from my bank account. I noticed that it took money from my bank account but it’s not in my PayPal balance, it still says that it’s pending until next week and I’m not sure if this is normal.
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kernowlass
Esteemed Advisor
Esteemed Advisor

@sarahokayy 

 

Transfers from bank accounts are never instant, that is why when you buy something paypal credit the seller upfront for you and paypal take the wait for the funds to transfer to pay them back again, this is so you get your item without delay.

 

BUT if you choose to 'add funds' yourself OR pay with an echeque then you are the one that takes the wait for the funds transfer.

Takes 5-7 working days to transfer as Paypal use the slowest (cheapest) transfer option BUT funds normally leave your bank account from a few hours up to a few days later.



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kernowlass
Esteemed Advisor
Esteemed Advisor

@sarahokayy 

 

Transfers from bank accounts are never instant, that is why when you buy something paypal credit the seller upfront for you and paypal take the wait for the funds to transfer to pay them back again, this is so you get your item without delay.

 

BUT if you choose to 'add funds' yourself OR pay with an echeque then you are the one that takes the wait for the funds transfer.

Takes 5-7 working days to transfer as Paypal use the slowest (cheapest) transfer option BUT funds normally leave your bank account from a few hours up to a few days later.



Advice is voluntary.
Kudos / Solution appreciated.
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