HUGE fee for transferring money FROM bank INTO PayPal Wallet?

[homtardy]

Hi there! I've been using PayPal for many many many years now, but have NEVER experienced this before. Is this new / did PayPal change something/did I transfer incorrectly somehow??

On 5/6/22, I transferred $100.00 from my bank (linked to PayPal obviously) INTO my PayPal Wallet so I would have funds easily available in PP for use later. When I logged into my bank today (5/9/22), I have TWO PayPal debits:

(1) the $100.00 I initiated listed as "TRANSFER PAYPAL", and

(2) a $48.74 debit listed as "INST XFER PAYPAL".

A $50 fee on a $100 transfer?!?

First of all, I thought you could only do "instant transfers" with a processing fee if you were transferring money OUT of PayPal and TO your bank, so this is my first point of confusion. 

Secondly, how is it possible that I have a $48 fee on a $100 transfer?? From my bank account INTO paypal nonetheless? 

This has never happened before and both debits are specifically from PayPal (not a bank fee, which I've also never had anyway). Can someone advise? Is it possible this second debit of $48 will disappear once the funds have posted to my PayPal account ("expected 5/11" per PayPal activity)?

Thank you!

[sharpiemarker]

@homtardy 

Are you sure you didn’t buy something or sent money with your bank account with instant transfer option because that is what $48.74 INST XFER PAYPAL seems to indicate.

Review your PayPal account history.

It doesn’t cost anything to add money from bank acct to PayPal as far as I’m aware and as per this: “It usually takes 3-5 business days for the transfer to go through. You can do it at any time and at no cost. We'll email you each time a transfer is complete.”

Read this article about what Inst Xfer PayPal means, there’s 2 main definitions (withdrawing and sending money/purchases):

https://howchimp.com/paypal-inst-xfer/