ACH Transfer

[bmariconda]

So I use Chase Bank with my paypal to forward money once a month. Chase requires an ACH to waive fees for me. Does anyone know if a Paypal cash transfer to my Chase Checking account is an ACH transaction?? Chase has been no help in answering this and Paypal has a rather Byzantine phone system.

Thanks! Bonnie

[Whac-A-Mole]

Paypal bank transfer in USA,uses the slowest but free form of ACH,there are 4 levels,ours is the lowest but free.

so you are sending money from Paypal to chase account,why is chase charging you?

[Whac-A-Mole]

or is it the other way around,from Chase to Paypal?

same deal,slow and free.

but these banks ,dont they count this as withdrawal and we are allowed x number of withdrawals per month Else WE PAY A FEE?

[bmariconda]

I want to withdraw cash from my Paypal account then deposit electronically to Chase. One way. I don't need to move any money from Chase to Paypal. Chase claims that the incoming transfer from Paypal is not considered a "direct deposit" unless it is payroll (obviously not). I am getting very frustrated by the run around.

[bmariconda]

Sorry I read your second message before the first. No Chase is not charging me a fee per se on Paypal. What they want is a monthly fee for the checking account unless I have a monthly ACH/Direct Deposit to qualify for a waiver. I am guessing it would be easier to just meet their minimum daily balance instead of ripping my hair out in aggravation. 

[Whac-A-Mole]

yes,I have Chase,Paypal transfer is no direct deposit,but your paycheck or ss chck would be.

but dont they have a checking account which is free if you keep so much there.

[bmariconda · Accepted solution]

Yes - honestly I am just being rather cheap about things. Chase wants me to keep $1500 in the checking and I would rather park it somewhere like Etrade that does not require a minimum to avoid fees. Thank you all for the help.