Best U.S. bank to link?

harbor
Contributor
Contributor

I've found lots of complaints about linking banks, but no posts that have helped me figure out what bank to open an account with to give me the best chance of a smooth linking experience. I have an online bank which apparently never plays with with PayPal, so I'm ready to open a new account exclusively for this purpose. I am starting to do work online so need to receive money, not just send it. I am in the U.S. so I hope this shouldn't be too hard.

 

Can people simply post their bank name if they've never had any problem RECEIVING money from PayPal? 

 

Thank you!

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5 REPLIES 5

Whac-A-Mole
Frequent Advisor
Frequent Advisor

all the big money center banks should work fine,like BANK OF AMERICA,WELLS FARGO,CHASE,CITIBANK.

 

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DPCreations
Frequent Advisor
Frequent Advisor

Just select a local bank branch that has a walk-in branch and set up your account.  Most banks which operate across state lines will be fine as will most regional banks that have multiple local branches.

Online banks are generally NOT OK.

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Whac-A-Mole
Frequent Advisor
Frequent Advisor

INTERNET BANK,RURAL BANK WHICH HAS  a correponding relationship with a major bank,credit unions could give you problem.

Paypal uses the lowest,slowest but cheap form of ACH,so count 3-5 days to see your money in the bank .

if you want your paypal fund faster,apply for a business debit card from PAYPAL.   

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Whac-A-Mole
Frequent Advisor
Frequent Advisor

You must be aware of Paypal seller protection-for goods and services,you must ship the item with tracking,if $750 or more,signature confirmation.

digital goods ,real estate,auto,customs order,there is no protection. 

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sharpiemarker
Esteemed Advisor
Esteemed Advisor

PNC, TCF.

 

But pretty much any bank you see when you click add bank in the wallet page.


Kudos & Solved are greatly appreciated. 🙂
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