Bank Withdrawal On Hold

lukew4017
Contributor
Contributor

I have just tried to make a withdrawal into my bank. Normally this is done within seconds, however this time it has said it will be on hold due to security reasons and it need to be reviewed.

 

I normally only withdraw up to £50 at a time. This time I have done close to £2000. I need the money in my account by the morning as need it to pay for things.

 

Has anyone experienced this before?

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Anonymous_User
Not applicable

Hello lukew4017,

Withdrawals can take anything from 2 – 72 hrs to complete. Generally, they'll complete within 2 hours however occasionally hold a withdrawal for further review. This is to ensure that someone else has gained assess to your account and trying to get away with your money, so it's just for your own safety.

This type of review can happen for various reasons. For example, you may have received a higher-than-usual amount of money into your account, you may be logging in from an unsecured network or you may have made changes to your account Settings recently.

Once the review has finished your withdrawal will show as ‘completed’ and will be processed to your bank account.


Thank you for being part of the PayPal community.
Sincerely,
Johand

If you see a helpful post or comment, please accept it as a solution or give the author kudos. Thanks!

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3 REPLIES 3

kernowlass
Esteemed Advisor
Esteemed Advisor

@lukew4017

 

Random security hold we all get now and again.

 

Withdrawals are 2-72 hours in the U.K.
https://www.paypal.com/gb/selfhelp/article/why-is-my-withdrawal-on-hold-faq2990

 


Advice is voluntary.
Kudos / Solution appreciated.
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Solved

Anonymous_User
Not applicable

Hello lukew4017,

Withdrawals can take anything from 2 – 72 hrs to complete. Generally, they'll complete within 2 hours however occasionally hold a withdrawal for further review. This is to ensure that someone else has gained assess to your account and trying to get away with your money, so it's just for your own safety.

This type of review can happen for various reasons. For example, you may have received a higher-than-usual amount of money into your account, you may be logging in from an unsecured network or you may have made changes to your account Settings recently.

Once the review has finished your withdrawal will show as ‘completed’ and will be processed to your bank account.


Thank you for being part of the PayPal community.
Sincerely,
Johand

If you see a helpful post or comment, please accept it as a solution or give the author kudos. Thanks!

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Slide71
Contributor
Contributor

I understand the need for security but this is my money in my account.  I notice that Paypal get their share of the payment immediately yet I can't access my money until they have done a "review"!  What exactly is the review, who carries it out and why is it taking so long?

 

By all means carry out the review but be quick about it. 

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