PayPal sent me an email on Jan 10 regarding this. Here's what it said: PayPal is updating its Direct Deposit routing number Nothing to do here. Just letting you know that we're changing our routing number. We'll email you when we make the updates. What does this update mean? It simply means PayPal will have a new routing number for your Direct Deposits. Your unique account number will remain the same. You can think of this as PayPal updating its address. I've never used PayPal Direct Deposit, why am I receiving this email stating that PayPal Direct Deposit has a new routing number? You're receiving this email because you may have enrolled in PayPal Direct Deposit or were provisioned with Direct Deposit account and routing numbers when you were approved for a PayPal Debit Mastercard® but have never provided the information to an employer or payer. We want to let you know about this change as we hope you may decide to try out PayPal Direct Deposit in the future. How do I get the new routing number? You don't need to do anything. We'll automatically update your Direct Deposit info in your PayPal account. What will happen to any direct deposits I have set up with the existing routing number? Any existing Direct Deposits you set up with the existing routing number will continue to work. You don't need to do a thing as we automatically update it for you and notify your payer's bank on your behalf. We'll continue to monitor any Direct Deposits to make sure they're made available to your PayPal Balance account. Just make sure you use the new routing number when setting up future Direct Deposits. You're all set. How Direct Deposit works Early access depends on when we get payment instructions from the payer. When we get them before the scheduled payment date, your money can be made available up to 2 days sooner. Availability and timing can vary based on the payer and when we get payment instructions. It can take up to 2 pay cycles for Direct Deposit to begin. We review each transfer—if there are any issues, such as fraud, it may be delayed, frozen, or removed. A PayPal Balance account might not receive Direct Deposit payments if it has a limitation. Still have questions? Visit our Help Center to see our FAQs.
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