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Paypal Now Offering Instant Transfer To Bank For $0.25

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Pillar of the Community
edweather's Avatar
United States
7375 Posts
 Posted 12/18/2017  1:08 pm Show Profile   Bookmark this topic Add edweather to your friends list Get a Link to this Message Number of Subscribers
I still don't mind waiting a day for free, but .25 isn't a bad deal if you need the money in your bank now. Anybody else see this?
Valued Member
crazyglue's Avatar
United States
467 Posts
 Posted 12/18/2017  1:30 pm  Show Profile   Bookmark this reply Add crazyglue to your friends list Get a Link to this Reply

I saw this. I like the option even though I generally would not use it.

My bank does this when I take a picture of deposits. They charge 50 cents if you don't want to wait for the standard check to clear time. I haven't used it yet, but it is nice to know it is there.

Bedrock of the Community
Coinfrog's Avatar
United States
94367 Posts
 Posted 12/18/2017  2:04 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
First I've heard about it, thanks.
Bedrock of the Community
basebal21's Avatar
13014 Posts
 Posted 12/18/2017  2:46 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply
Would be nicer if it was just instant as it really should be in this day and age, but it is nice that they have finally added the option.
Forum Dad
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bobby131313's Avatar
United States
24175 Posts
 Posted 12/18/2017  2:57 pm  Show Profile   Bookmark this reply Add bobby131313 to your friends list Get a Link to this Reply
Paypal can't contol how fast it shows up in your bank. Some banks will not be instant even if you pay the fee.
Rest in Peace
moxking's Avatar
United States
17900 Posts
 Posted 12/18/2017  2:59 pm  Show Profile   Bookmark this reply Add moxking to your friends list Get a Link to this Reply
An interesting offer but it's only a couple days for a normal transfer. I suppose if I needed cash fast it might be an option.
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 12/18/2017  4:16 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
If I needed cash that fast, I'd have a Paypal debit card. Charging me a fee to move my money around, when it's all electronic and instantaneous if you program it that way? I don't think so.

Of course, I get Paypal transfers to bank overnight, so I can afford to take the high road.
Forum Dad
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bobby131313's Avatar
United States
24175 Posts
 Posted 12/18/2017  4:26 pm  Show Profile   Bookmark this reply Add bobby131313 to your friends list Get a Link to this Reply

Quote:
Charging me a fee to move my money around, when it's all electronic and instantaneous if you program it that way? I don't think so.


That was very BiggFreddish.
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jbuck's Avatar
United States
189502 Posts
Pillar of the Community
edweather's Avatar
United States
7375 Posts
 Posted 12/18/2017  5:26 pm  Show Profile   Bookmark this reply Add edweather to your friends list Get a Link to this Reply
I agree, if they can do it, why charge. Might try it once sometime, just to see how "instant" it really is. Btw, have you ever tried to transfer money from your bank to your paypal account....it takes about 3 days, at least it did for me last month. The money disappeared from my bank account, but didn't appear right away in my paypal account. So I called paypal and they said it was "processing."
Pillar of the Community
paxbrit's Avatar
United States
992 Posts
 Posted 12/18/2017  5:28 pm  Show Profile   Bookmark this reply Add paxbrit to your friends list Get a Link to this Reply
Save a quarter and just plan ahead three days.
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jbuck's Avatar
United States
189502 Posts
 Posted 12/18/2017  5:34 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
For some reason, when you say it like that, it sounds like spending the quarter would be better.
New Member
DrEagle's Avatar
United States
22 Posts
 Posted 12/30/2017  1:54 pm  Show Profile   Bookmark this reply Add DrEagle to your friends list Get a Link to this Reply
I tried it and it works really cool even with my small community bank. But consider, they only offer this service for private accounts. I also do have a business account with Paypal and there is no option for that.
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jbuck's Avatar
United States
189502 Posts
Pillar of the Community
USSID18's Avatar
5464 Posts
 Posted 03/31/2018  5:03 pm  Show Profile   Bookmark this reply Add USSID18 to your friends list Get a Link to this Reply
This may or may not be related. How about depositing/transferring from your back into PayPal account? There seems to be a very long waiting period (4 or 5 days), that the funds are pending. It's probably a scam PayPal is playing with their customer. I would think that money should/would be immediately accessible after an electronic transfer. PayPal is holding the (your) money and making interest on it!
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