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0 pointsbombcar3y ago0 comments

The point is to have a bank account with nearly no balance, so PayPal can't drain it, or if they do they don't get much. Then you can transfer cash from PayPal to that account, and then from that account to your real bank.

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3 comments · 1 top-level

dotancohen3y ago· 2 in thread

But if that intermediary bank account has a negative balance, you cannot just ignore it. The bank _will_ come after you for their money. So far what does it protect you?

KatrKat3y ago

When PayPal goes to make the withdrawal, the bank doesn't have to let them and give the account a negative balance. Usually you can turn off overdraft and withdrawals will bounce if the funds aren't there.

This doesn't stop PayPal from reversing a previous inbound transfer they decide shouldn't have happened, but it ought to stop PayPal unilaterally deciding they would like some of your money.

dotancohen3y ago

So why not turn off overdraft from one's main bank account?

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