Business account money transfer to linked bank account issue

CosmicRetro3
Contributor
Contributor

I transferred money from my PayPal account to my linked bank account. PayPal notified me that the transaction was completed, but I didn't see the money transferred to my bank account. After contacting my domestic bank, they informed me that the recipient information was incorrect, so the transaction failed and the bank returned the money to the sender (in this case, my PayPal). Why, I still don't see that amount of money returned to my PayPal account?

And why was my information reported as incorrect? Was it because the name of my business did not match the name of my personal bank account name?

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1 REPLY 1

kernowlass
Esteemed Advisor
Esteemed Advisor

@CosmicRetro3 

 

Name on paypal account has to match name on bank account.

Allow 5-7 days for the funds to bounce back to  your balance.


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