Using PayPal Account funds to open a new checking account.

Samantha4
New Community Member

I need to open a new checking account at Wells Fargo, but there is a required minimum $25 deposit.  All of my money is in my PayPal account.  The funding sources I am allowed to use at Wells Fargo to open a new account are:  existing checking/savings account, debit/credit card, or send money to them in the mail in the form of a cashier's check or money order.  I can't add the Wells Fargo account to PayPal to transfer money because it isn't create yet (needs to be funded first to open).  I could have PayPal send me a cashier's check in the mail, but it will take 1 to 2 weeks to arrive.  Does anyone know how to press the "Easy Button" on this one?

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DPCreations
Frequent Advisor
Frequent Advisor

The simplest method is to follow the rules, and it is quite easy.  Request a check from PayPal, drive to the local bank branch and deposit the money.  It won't be fast, but it is easy.

It's up to you to find the cash to open the bank account.  Perhaps wait for your next paycheck.

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