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Linking a bank account to paypal

  • 28-05-2020 03:30PM
    #1
    billyhead
    Registered Users, Registered Users 2 Posts: 11,139 ✭✭✭✭


    I want to get a sum of money in my PayPal account transferred to my bank account. PayPal have requested that I set up a SEPA Direct Debit Mandate and they withdraw 2 sums of money from my account as s security measure. Does anyone know how much they withdraw and also I presume they refund the amounts once they realise my bank account is legit. Also does anyone know how long it will take before I can transfer the PayPal account sum to my bank account?


Comments

  • #2
    billyhead
    Registered Users, Registered Users 2 Posts: 11,139 ✭✭✭✭billyhead


    billyhead wrote: »
    I want to get a sum of money in my PayPal account transferred to my bank account. PayPal have requested that I set up a SEPA Direct Debit Mandate and they withdraw 2 sums of money from my account as s security measure. Does anyone know how much they withdraw and also I presume they refund the amounts once they realise my bank account is legit. Also does anyone know how long it will take before I can transfer the PayPal account sum to my bank account?

    Anyone?


  • #3
    Davy
    Registered Users, Registered Users 2 Posts: 19,301 CMod ✭✭✭✭Davy


    billyhead wrote: »
    I want to get a sum of money in my PayPal account transferred to my bank account. PayPal have requested that I set up a SEPA Direct Debit Mandate and they withdraw 2 sums of money from my account as s security measure. Does anyone know how much they withdraw and also I presume they refund the amounts once they realise my bank account is legit. Also does anyone know how long it will take before I can transfer the PayPal account sum to my bank account?

    I cant remember but I think its only a small amount (€5 or less). You use it then as part of a payment when buying something.


  • #4
    Maxx355
    Registered Users, Registered Users 2 Posts: 106 ✭✭Maxx355


    billyhead wrote: »
    I want to get a sum of money in my PayPal account transferred to my bank account. PayPal have requested that I set up a SEPA Direct Debit Mandate and they withdraw 2 sums of money from my account as s security measure. Does anyone know how much they withdraw and also I presume they refund the amounts once they realise my bank account is legit. Also does anyone know how long it will take before I can transfer the PayPal account sum to my bank account?

    You may have it sorted now but it's normally 0.05 cent. You confirm same by a code they give you with the transaction.


  • #5
    muffler
    Registered Users, Registered Users 2 Posts: 47,203 ✭✭✭✭muffler


    Had to do this ages ago myself and while I cant recall the amount thats involved in the transaction it is very small as stated above. From memory that small amount is deducted and paid back into the bank account the same day. Once you see the credit from PayPal going back into the account you can then proceed to withdraw the money from your PP account.


  • #6
    Darc19
    Registered Users, Registered Users 2 Posts: 3,814 ✭✭✭Darc19


    It's a random amount and usually under €1

    It just makes sure that you entered the correct details.


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