Cancel a Pending Bank Transfer

Ajster1989
Contributor
Contributor

Hello I have relitives that are in town from another country, and they sent money to my Paypal from their forien bank account so that I could move it to my bank and give it to them for their travels. 

I went to transfer money from my account to my Key Bank account, and I'm 1000% positive that I selected the account, and verified it on the next screen, and my wife sat over my sholder as I did it, but when the confirmation screen came up it showed my old Chase Bank account that I have not used for almost 6 months. I had a very bad falling out with that bank and due to Paypal being funny I wasn't able to remove them from my account for the longest time so I just let it go.

Now do to some internal error what's going to happen to my money? How can I cancel this transaction???

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3 REPLIES 3

DPCreations
Frequent Advisor
Frequent Advisor

You can't cancel a transaction you initiated.

 

Assuming the old bank account is still open, the transfer will go through smoothly and complete in 3-5 business days.  You will then need to decide what to do with it.

If the old bank acocunt is closed it would likely return to PayPal within 30 days.

You could phoen Chase bank to figure out what to do.  Chase will be able to see any indication of funds coming until they arrive.

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Whac-A-Mole
Frequent Advisor
Frequent Advisor

if the status does not say 'completed',you can try calling Paypal and ask if they can cancel it for you,blame it on them for allowing chase to pop up 

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Whac-A-Mole
Frequent Advisor
Frequent Advisor

where is the foreign bank and how long ago is the payment transferred to your Paypal account?

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