Problems sending money from business account

kosiberu
Contributor
Contributor

I have a Paypal business account I opened in the US (without EIN or ITIN) since 2014 because I just came in briefly for vacation. I recently got an inflow into the account and I want to send it to my family but Paypal keeps asking me for tax docs. The bank account I opened then in 2014 was closed in 2016.

What are my options?

How do I send the money to family. Any ideas?

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kernowlass
Esteemed Advisor
Esteemed Advisor

@kosiberu 

 

Paypal is country specific so if you move countries you have to open another paypal account in the country you reside in and add an address / phone number / bank accounts / cards from within that country.

You should really withdraw any funds / resolve issues / remove cards and bank accounts / cancel any subscriptions and close the old Paypal account before you move countries. If you don't then you may have problems doing so once you have moved and may need to contact customer services for help to resolve things.

You can however add a U.S bank account (not card) to 'most' other countries paypal accounts. This is because paypal is a U.S company and so allows this.






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kernowlass
Esteemed Advisor
Esteemed Advisor

@kosiberu 

 

Paypal is country specific so if you move countries you have to open another paypal account in the country you reside in and add an address / phone number / bank accounts / cards from within that country.

You should really withdraw any funds / resolve issues / remove cards and bank accounts / cancel any subscriptions and close the old Paypal account before you move countries. If you don't then you may have problems doing so once you have moved and may need to contact customer services for help to resolve things.

You can however add a U.S bank account (not card) to 'most' other countries paypal accounts. This is because paypal is a U.S company and so allows this.






Advice is voluntary.
Kudos / Solution appreciated.
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