We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

The MSE Forum Team would like to wish you all a Merry Christmas. However, we know this time of year can be difficult for some. If you're struggling during the festive period, here's a list of organisations that might be able to help
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Has MSE helped you to save or reclaim money this year? Share your 2025 MoneySaving success stories!

Paypal Question

Hi,

Firstly, apologies if this is a stupid question!

I was wondering if it's possible to overpay a mortgage via a paypal account? Or do you have to transfer the money to a bank account and overpay from there?
I've never had a paypal account, but will need to soon for bubblews and possibly swagbucks.
Old Mortgage: [STRIKE]2009:£78500 2010:£76951.71 2011:£74414.49 2012:£71961.35 2013:£67813.54 2014:£64375.16 Current: £55,480.27[/STRIKE]

New Mortgage: 2016: £92795 Current: £
87999.99

Comments

  • Hi,
    You'd have to request payment is sent to your bank first then pay from bank account��
    Starting balance £173,000 (Sept 2012) interest only so if we do nothing We will owe this at the end of the term😁😁
    Balance as of Sept 2014 £165,803
    Balance as of Feb 2015 £163,360
    Balance end of July 2015 £159,050
    Balance as of Jan 2017.... £138,033:j
  • Cariad71 wrote: »
    Hi,
    You'd have to request payment is sent to your bank first then pay from bank account��

    Thanks Cariad71. Do you know if there are any paypal charges?
    Old Mortgage: [STRIKE]2009:£78500 2010:£76951.71 2011:£74414.49 2012:£71961.35 2013:£67813.54 2014:£64375.16 Current: £55,480.27[/STRIKE]

    New Mortgage: 2016: £92795 Current: £
    87999.99
  • CathT
    CathT Posts: 7,135 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    There should be no charges to withdraw funds from PayPal into your bank account.
    Nov 2025 - part 1 - £13,878 part 2 - £20,953 Total - £34,832 24 months to go!
  • cb4fwh
    cb4fwh Posts: 165 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    But there are fees - these are removed at the point at which the money enters your Paypal account...
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.9K Banking & Borrowing
  • 253.9K Reduce Debt & Boost Income
  • 454.7K Spending & Discounts
  • 246K Work, Benefits & Business
  • 602.1K Mortgages, Homes & Bills
  • 177.8K Life & Family
  • 259.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.