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Thread: paypal users pls help

  1. #1

    Default paypal users pls help

    i want to transfer my money from my paypal account directly into my posb sing $ account. how can i do it? in particularly, how can i find out the institutional code for posb, which is required by paypal to do such transfers.

    TIA

  2. #2
    Senior Member
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    Default Re: paypal users pls help

    paypal website has a list of all banks and branch codes in Singapore. But you need to be a merchant account to receive $ and link to your bank.

  3. #3
    Phildate
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    Default Re: paypal users pls help

    I called my banks and they understood what I was asking and gave me the numbers. I am not a merchant and successfully transfer money from PayPal to my DBS account every month.

  4. #4
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    Default Re: paypal users pls help

    PM me your email. I'll send you a list

  5. #5
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    Default Re: paypal users pls help

    Quote Originally Posted by Phildate
    I called my banks and they understood what I was asking and gave me the numbers. I am not a merchant and successfully transfer money from PayPal to my DBS account every month.
    is that right? I had to sign up as merchant in order to receive $$. but then again it was a long time ago, when they just started out.

  6. #6

    Default Re: paypal users pls help

    Quote Originally Posted by barracuda
    i want to transfer my money from my paypal account directly into my posb sing $ account. how can i do it? in particularly, how can i find out the institutional code for posb, which is required by paypal to do such transfers.

    TIA
    if you are a DBS customer, you can use the internet banking to get a lookup on the bank's code and branch code.

  7. #7
    Senior Member afbug's Avatar
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    Default Re: paypal users pls help

    Sorry for the bump!

    My account have a limit. If i want to increse my limit, i've to pay a US$1.95 fee? Anyone of you got to pay a fee?

    It says:

    'To lift this limit, please add a credit card and enroll in PayPal's Expanded Use Program.'

  8. #8
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    Default Re: paypal users pls help

    Quote Originally Posted by afbug
    Sorry for the bump!

    My account have a limit. If i want to increse my limit, i've to pay a US$1.95 fee? Anyone of you got to pay a fee?

    It says:

    'To lift this limit, please add a credit card and enroll in PayPal's Expanded Use Program.'
    You need to pay the US$1.95 fee by your credit card and after that check you statement for the 4 digit to lift the limit.

    You need the Bank code 4 digit and branch code 3 digit, account no inorder to withdraw money to your account. Take about 10 days intotal.

  9. #9
    Senior Member afbug's Avatar
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    Default Re: paypal users pls help

    Quote Originally Posted by soma
    You need to pay the US$1.95 fee by your credit card and after that check you statement for the 4 digit to lift the limit.

    You need the Bank code 4 digit and branch code 3 digit, account no inorder to withdraw money to your account. Take about 10 days intotal.
    Wow thanks for the quick reply. So i have to call my bank/branch? Or can i obtain them on the net?

  10. #10
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    Default Re: paypal users pls help

    Quote Originally Posted by afbug
    Wow thanks for the quick reply. So i have to call my bank/branch? Or can i obtain them on the net?
    better to double check with the bank, done that year ago wonder code got change or not. Can call or just go any branch to ask.

  11. #11
    Senior Member afbug's Avatar
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    Default Re: paypal users pls help

    Quote Originally Posted by soma
    better to double check with the bank, done that year ago wonder code got change or not. Can call or just go any branch to ask.
    Ok. The US$1.95 is a one time fee rite? Or i have to pay $1.95 everytime i want to top-up? Also, i need to input my bank account no besides the bank's code correct?

    Sorry man, 1st time user of paypal. A bit confusing and scary cos it involves $$$.

  12. #12
    Phildate
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    Default Re: paypal users pls help

    The US$1.95 fee is a one-off and unless I am mistaken, it is refunded as soon as you enter the four-digit pin that is part of the transaction on your credit card statement. I guess it is a form of protection for Paypal. Having become an extended user you can withdraw more than US$500 a month to the bank in Singapore. Very useful!

  13. #13
    Senior Member afbug's Avatar
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    Default Re: paypal users pls help

    Thank you. Thats cool. BTW, i need to input my bank account number in addition to the bank/branch code?

  14. #14

    Default Re: paypal users pls help

    Quote Originally Posted by soma
    You need to pay the US$1.95 fee by your credit card and after that check you statement for the 4 digit to lift the limit.

    You need the Bank code 4 digit and branch code 3 digit, account no inorder to withdraw money to your account. Take about 10 days intotal.
    I can only check the 4digit (expanded use no.) after they send mi the bill?

  15. #15

    Default Re: paypal users pls help

    another question ..
    when i want to send $ to a company in which I purchase goods from ..
    I see that I only need the company email to send $ over .. thats it ?

  16. #16
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    Default Re: paypal users pls help

    Quote Originally Posted by simon80
    another question ..
    when i want to send $ to a company in which I purchase goods from ..
    I see that I only need the company email to send $ over .. thats it ?
    Usually thats it..better if they could send you an invoice created thru paypal.

  17. #17

    Default Re: paypal users pls help

    tks

    ani help on the 4digit code?
    I can only know it after i got my CC bill ?

  18. #18
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    Default Re: paypal users pls help

    Quote Originally Posted by simon80
    tks

    ani help on the 4digit code?
    I can only know it after i got my CC bill ?
    You could check thru your internet banking under transcation history. Should be able to get the 4 digit after 3-4days.

  19. #19

    Default Re: paypal users pls help

    Quote Originally Posted by Phildate
    The US$1.95 fee is a one-off and unless I am mistaken, it is refunded as soon as you enter the four-digit pin that is part of the transaction on your credit card statement. I guess it is a form of protection for Paypal. Having become an extended user you can withdraw more than US$500 a month to the bank in Singapore. Very useful!
    it's not really one-off. everytime you change credit card, you need to pay US$1.95

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