Payupal now depositing cash into your bank in 2 hours!

bollox71

Paypal have upgraded their service and you can now transfer money from your Paypal account into your bank account free in around 2 hours. It even works "out of hours" and on weekends.
Excellent!

hermum

Wow, when did that change?

bollox71

not sure, its worked for me for the last three days, I contacted Paypal about it and they confirmed its a new upgrade and will be announced soon.

RFW

It was announced back in May that it would be coming in 'some time after July', so given past track record, don't get too excited yet! I posted something about it on this thread https://forums.moneysavingexpert.com/discussion/3952001

bollox71

well its definitely here and now, its working fine today, cash in bank in just over an hour!

HeadAboveWater

And no charge for the speediness?

bollox71

for some unknown reason, its absolutely free

sham63

This must be a very new service because I requested a withdrawal last Wednesday and only received it today.

lovinituk

bollox71 wrote: »

for some unknown reason, its absolutely free

I'm sure its just utilising the Faster Payments system which is free between participating banks anyway.

sham63

lovinituk wrote: »

I'm sure its just utilising the Faster Payments system which is free between participating banks anyway.

My bank accepts faster payments but it still took 3 days.

GamerInfo

They are obviously rolling this out very slowly - because i dont have a speedy payments option in my paypal account - the only options i have are the standard 2-3 day withdrawal (free) and the slightly faster 1-2 day withdrawal (for which there is a £5.00 fee) - no 1-2hr option for me I can't wait until this is standard because the transfer time for money is one of the most annoying things with paypal....