Confirming a Bank Acct

Brits_Ahoy
New Community Member

I received an email saying that my bank acct had been recognized, there were two deposits in it from Pay Pal. But paypal still says I am not recognized. It has been sevral days now. Is this system really reliable?

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sandypurins
Advisor
Advisor

What do you mean by "not recognized"... are you referring to the "verified" account status which happens once a bank account is linked and confirmed? If yes, here's PayPal's Help Center information on that subject...

 

How do I link a bank account to my PayPal account?

You can link your bank account, enter your bank information (we’ll keep this private) by following these steps:

 

  1. Log in to your PayPal account.
  2. Click Profile at the top of the page.
  3. Click Bank Accounts under Financial Information.
  4. Click Add Bank and enter your information.

Then just confirm your bank account to complete the process. If you bank online, you can usually do this instantly. If you don’t have online access to your bank account, it’ll take a few days.

 

 

Confirming your bank account

After you’ve linked a bank account to your PayPal account, here’s how to confirm it: 

 

  1. Log in to your PayPal account.  
  2. Click Profile at the top of the page.
  3. Click Bank Accounts  in the Financial Information column.
  4. Click Confirm.

There are 2 ways to confirm your bank account.


Option 1: Confirm instantly


If you do online banking, you can usually confirm your account in a few minutes.


 Option 2: Confirm in 2-3 days


 If you don’t bank online or don’t wish to enter your online banking details, there’s another way to confirm your bank account. Here’s how it works:


We’ll deposit 2 small amounts (less than $1.00 USD each) into your bank account. They’ll show up on your bank statement 2-3 business days later. Note the 2 exact amounts and then:

 

  1. Log in to your PayPal account. 
  2. Click Profile at the top of the page.
  3. Click Bank Accounts  in the Financial Information column.
  4. Click Confirm.
  5. Enter the two amounts in the boxes provided.
  6. Click Submit.
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