PayPal is really pushing their instant transfer of funds from your PayPal account to your eligible debit card in 30 minutes for just $0.25. If you need the money that quickly I'm sure you're willing to pay it. I, however, am not and while there was a reference to their free transfer, the default is to charge you the quarter. It took calling them to find out that the way to transfer the balance to your bank without charge is to click on the drop-down arrow in the "Transfer To" box. Your debit card will be shown in the box, but when you click on the down arrow, you'll see your linked bank accounts. If you select your bank account, then there is no charge and you'll receive your funds in approximately 24 hours (subject to review).
I made a transfer of $300 on Thursday around 5:15 PM and it still hasn't came through. I didn't use the speedy transfer option but in the past it was only a 24 hour process, often times an 8 hour process. Wonder if they're going to start delaying transfers as a push towards the $0.25 or if it was a fluke... I didn't need the money but wanted to pad my travel budget just in case. Still watching to see if it makes it through to my bank.
Thank you, but this thread addresses the new issue that the $0.25 is now the DEFAULT setting for transfer to your linked debit card, and it's not necessarily intuitive on how to use the free transfer to your bank account. If you look back, you'll see that I posted on the original thread. I believe this thread has a different purpose.
my checking acct earns interest so all my $$ goes in there. then i spend $$ using various cc that earn rewards which in turn can be deposited back into checking acct w.xtra bonus $$ by bank for doing so.