I had the same issue too. I checked my Paypal and noticed that my linked bank account is 'Checking'. I could have sworn I entered 'Savings' but I guess, like you said, it automatically assigns the account type to 'Checking'. Could this be just ok on the Paypal side because maybe it's one of their policies for 'Withdraw Funds' transactions? Maybe it has to be 'Checking' to do this? That would be why there is no button to edit the bank account type? But then we don't know because there's no info in Paypal about this (!) Anyone from Paypal reading this: PLEASE HELP. We need to withdraw funds (!)
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