Funds paid to SA bank

Karenleroux5
Contributor
Contributor
Hi Can funds be paid over to Discovery account? I inserted the details and the status on Paypal shows transfer to bank successful but I haven’t received the funds. Its been 4 days.
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kernowlass
Esteemed Advisor
Esteemed Advisor

@Karenleroux5 

 

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.



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Kudos / Solution appreciated.
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Karenleroux5
Contributor
Contributor

Thank you for this. I see this refers specifically to FNB. Do you know if it is the same for Discovery bank?

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kernowlass
Esteemed Advisor
Esteemed Advisor

@Karenleroux5 

 

I put the word eligible in BOLD as that is the only bank you can add in S.A.


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Kudos / Solution appreciated.
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Karenleroux5
Contributor
Contributor
Oh thank you. Any advise on what to do now? The app shows the funds have been transferred to my account but if it can’t go to a Discovery account what will happen? Sorry really new to this. Have never used Paypal before
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