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What Bank Does PayPal use?

What Bank Does PayPal use?

Postby MasterBlaster on Wed Nov 30, 2011 7:10 am

I'm trying to find out what bank PayPal checks are drawn on, I need to withdraw funds and need to know if there's a branch near me to cash check and yes I do know there are other ways to withdraw :D
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Re: Whay Bank Does PayPal use?

Postby Double3 on Wed Nov 30, 2011 7:15 am

Why can't you cash it at your bank?

Or do you not have a bank?
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Re: Whay Bank Does PayPal use?

Postby DoctorMetal on Wed Nov 30, 2011 7:23 am

I think the name of the bank is GE Money Bank. At least that's who calls me when I miss a payment :oops: I do not think they have but a single branch in the USA, but from my experience (at least electronically), they work real well with BoFA.
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Re: Whay Bank Does PayPal use?

Postby pmbug on Wed Nov 30, 2011 8:21 am

I can't find any info with a quick search, but I did find this:

http://www.freeopenbook.com/paypal-hack ... ECT-8.html

I might also suggest you can buy gold/silver using the PayPal account and then sell the gold/silver at your local coin shop which will likely issue a check drawn on a local bank.
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Re: What Bank Does PayPal use?

Postby natsb88 on Wed Nov 30, 2011 12:25 pm

MasterBlaster wrote:I'm trying to find out what bank PayPal checks are drawn on, I need to withdraw funds and need to know if there's a branch near me to cash check and yes I do know there are other ways to withdraw :D

The only thing I could find is that the paper checks they send in India seem to be through Citi :lol:

Why would you need to go the issuing bank to cash it? Any bank can cash it. If you don't have an account there it might cost $10 - $15 though (and I know of at least one locally that takes a thumb print if you don't have an account :shock: )
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Re: What Bank Does PayPal use?

Postby MasterBlaster on Wed Nov 30, 2011 2:56 pm

Thanks for the replies, I called PP and they use multiple banks, I guess the PP Debit Card might be best for my situation, if anyone has had a problem with their debit card please speak up :D For those BS members with "inquiring minds" it's nice being secretive is it? ;)
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Re: What Bank Does PayPal use?

Postby Kutzy on Wed Nov 30, 2011 3:04 pm

MasterBlaster wrote:Thanks for the replies, I called PP and they use multiple banks, I guess the PP Debit Card might be best for my situation, if anyone has had a problem with their debit card please speak up :D For those BS members with "inquiring minds" it's nice being secretive is it? ;)



I used their debit card for about 6 months, but found paying the $3 surcharge to get cash through the ATM, not worth it. Its nice to use for purchases, but I had no banks around here that gave me free fees on the card.

This was about 6 years ago as well...
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Re: What Bank Does PayPal use?

Postby Classiczcar on Fri Dec 02, 2011 12:10 am

The Paypal debit card is great! Use it like a credit card and get 1% back on whatever you buy.

You can use it at the ATM to get cash. But as someone mentioned you have to pay the ATM fees about 3 bucks.
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