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View Full Version : Tip: How to get free withdrawls from Paypal via ATM (YMMV)


Proz
03-18-2003, 09:14 PM
This might not apply to everyone, but I've been doing this for about 9 months now /w no penalty ATM fees and I've never seen a mention of this before.

Typically, if you have the Paypal debit card, you would be charged the amount taken + ATM fee + $1 from Paypal. If you don't have a Paypal debit card, just sign up for a Premiere Business Account, make it an active account then sign up for the account.

Now, if you use Washington Mutual ATM machines (you don't need to have an account with them) which has about 1800 locations nationwide. While withdrawing from the ATM, pick checking account. Go through the process and have your money instantly. This is helpful if you're a professional e-bayer like me and you need some quick money while on the road. It beats having the money deposited into your bank account while waiting 3-5 days. You can only withdrawal up to $400 a day from ATMs but that should be sufficient. It's quick cash and your account won't be charged any fees except what you?ve withdrawn.

Don't reply back if you loathe Paypal or hate all the hidden fees they throw in. This is just meant for a quick tip to anyone who regularly uses a Paypal account like I do for a lot of my transactions.

dethman
03-18-2003, 09:28 PM
interesting. good tip for withdrawing paypal funds quick and easy.

Rupster
03-18-2003, 09:29 PM
Thank you for the post. The only thing I haven't liked about paypal payments is difficulty actually getting the money from the account.

iambiotech
03-18-2003, 09:40 PM
So Paypal isn't charging you the $1 even though you're using an ATM? Sure beats going to the drug store to buy a chocolate bar and asking for $100 cash back!

chynkboi
03-18-2003, 09:40 PM
hmm, very interesting... too bad i don't notice too many of those ATM's around here...

jlee
03-18-2003, 09:47 PM
You can probably get cash back from any supermarket without any paypal fees...I can do that from Publix, anyways =)

Heretik
03-18-2003, 09:55 PM
Originally posted by: CadetLee
You can probably get cash back from any supermarket without any paypal fees...I can do that from Publix, anyways =)

That's how I usually do it. Buy something for $2 - $3 and get $20 - $40 cashback.......no fees :)

ReiAyanami
03-18-2003, 10:03 PM
but then u'll miss out on the ATM muggings!

ZloyChuvak
03-18-2003, 10:19 PM

ai42
03-18-2003, 10:31 PM
Curious I use Washington Mutal for my regular banking anyway. I'll have to try this out. FYI I love PayPals 1.5% cashback thing, I mean why would you use it as a debt card I always charge stuff so I get the 1.5% back, and there appears to be no cap (like credit cards with cash back features). I've even used PayPal debt card as a charge transaction to purchase something off ebay using Paypal!

DealMonkey
03-18-2003, 10:33 PM
I dunno, it's free to transfer PayPal $ to your checking account (i.e. electronic deposit). Why is this method any better?

- dm

dethman
03-18-2003, 10:34 PM
Originally posted by: DealMonkey
I dunno, it's free to transfer PayPal $ to your checking account (i.e. electronic deposit). Why is this method any better?

- dm


quote:
It beats having the money deposited into your bank account while waiting 3-5 days

jlee
03-18-2003, 10:36 PM
Originally posted by: DealMonkey
I dunno, it's free to transfer PayPal $ to your checking account (i.e. electronic deposit). Why is this method any better?

- dm

Because I can have it *now*. :D

Devistater
03-18-2003, 10:47 PM
Interesting

Banana
03-18-2003, 10:50 PM
I wonder if the free ATM is because Paypal has some kind of relationship with Wa Mutual? Like maybe that's where Paypal deposits some of its zillions?

Oh, BTW, I (in robotic voice) "loathe Paypal or hate all the hidden fees they throw in." :P

Gnurb
03-18-2003, 11:27 PM
good god, don't leave money in your paypal account.

QuicknDirty
03-19-2003, 12:20 AM
I ALWAYS use my Paypal ATM, irregardless of if I pay fees to pull it out or not...typically the day I get a payment of any decent amount in there. It's the safest and quickest way to insure I'll actually see the cash.

RDMustang1
03-19-2003, 12:47 AM
Thinking of getting a paypal debit card for the 1.5% cashback, but it says your auctions cannot list any forms of payment other than paypal.. how strict are they on that? I don't like listing an auction that only says I accept paypal...

ai42
03-19-2003, 01:00 AM
Thinking of getting a paypal debit card for the 1.5% cashback, but it says your auctions cannot list any forms of payment other than paypal.. how strict are they on that? I don't like listing an auction that only says I accept paypal...
I do ebay auctions all the time, curious I accept PP, C2it, MO, and it is clearly stated on my auctions and I have the debt card but I've had the debt card for some time so I may be under a grandfather clause or something. I mean paypal adds their junk to my auctions but thats no big deal.

MJGunn
03-19-2003, 01:35 AM
Damn, searched for one in NJ, apparently, the closest one is in Ohio :(

Would have been nice to save $2.75 everytime I want to get money. Last time I had to call my friend and have him paypal me 50 cents so I'd have enough money in there to cover the fees and still get an even amount of cash out :D

bjamm2
03-19-2003, 02:14 AM
the back of my paypal card that i just recieved this week says Issued by Bank one so it YMMV by the issued bank? As the first post mentioned Washington Mutual, but mine says bank one.

fr
03-19-2003, 02:25 AM
Originally posted by: ai42

Thinking of getting a paypal debit card for the 1.5% cashback, but it says your auctions cannot list any forms of payment other than paypal.. how strict are they on that? I don't like listing an auction that only says I accept paypal...
I do ebay auctions all the time, curious I accept PP, C2it, MO, and it is clearly stated on my auctions and I have the debt card but I've had the debt card for some time so I may be under a grandfather clause or something. I mean paypal adds their junk to my auctions but thats no big deal.

I've also had the debit card for a while (~18 months+). ONCE they sent me an e-mail about how I haven't sold anything on eBay for a while and I had to sell something within two weeks to keep my 1.5% cashback. I did nothing.

A few months later they sent me an e-mail that said my eBay ID was invalid. I checked and it wasn't. I removed it from my PayPal account and added it again. They haven't bothered me since and I still continue to get 1.5% cashback.

morkinva
03-19-2003, 02:41 AM
Originally posted by: DealMonkey
I dunno, it's free to transfer PayPal $ to your checking account (i.e. electronic deposit). Why is this method any better?

- dm

You don't want to link a checking account number with them. The reason being so they cannot grab money from it when there is a 'problem'. Screw them. They once held up a payment to me for over $2000 for about a month and it made me sick to my stomach. From other stuff I've read I was lucky to get the money at all.

I never leave anything substantial in there. When I link a credit card to the account, its a one-time use number. Haha!!

Proz
03-19-2003, 03:13 AM
Originally posted by: bjamm2
the back of my paypal card that i just recieved this week says Issued by Bank one so it YMMV by the issued bank? As the first post mentioned Washington Mutual, but mine says bank one.

Whom issued the card doesn't matter, you still get free ATM withdrawls as long as it's done through Washington Mutual.

Johneverd
03-19-2003, 04:23 AM
Originally posted by: Gnurb
good god, don't leave money in your paypal account.

Best advice possible regarding Paypal.

snooker
03-19-2003, 05:35 AM
so I guess paypal's accounts are with Washington Mutual?

udonoogen
03-19-2003, 05:41 AM
washington mutual has free ATM's for everybody. the buck fifty stops here. ;)

kami333
03-19-2003, 06:10 AM
I know Wawa (gas station chain in PA) has free ATMs.
Here are some other free ATMs (don't know if they work with paypal, I don't have their card):
Michigan Credit Union League (http://www.cu-village.com/shells/atmsearch1.php3)
ATM surcharges (http://www.atmsurcharges.com/)
Bankrate (http://www.bankrate.com/brm/news/atm/19991123a.asp)

Thump553
03-19-2003, 09:33 AM
Good tip! Given my past experiences with Washington Mutual (in home mortgages) I'm absolutely astonished they don't gouge you for every cent they can get ($60-150 charge for ordering mortgage payoff statements, for example)-someone there must have overlooked this loophole.


Excellent point about not linking Paypal to a checking account, although a simpler practice for frequent paypal sellers may be to link it to an account that you regularly sweep to a minimal balance and have your primary checking account elsewhere.

sync
03-19-2003, 11:11 AM
Originally posted by: morkinva

Originally posted by: DealMonkey
I dunno, it's free to transfer PayPal $ to your checking account (i.e. electronic deposit). Why is this method any better?

- dm

You don't want to link a checking account number with them. The reason being so they cannot grab money from it when there is a 'problem'. Screw them. They once held up a payment to me for over $2000 for about a month and it made me sick to my stomach. From other stuff I've read I was lucky to get the money at all.

I never leave anything substantial in there. When I link a credit card to the account, its a one-time use number. Haha!!

I know someone who is very diligent about using strong passwords. His PayPal account was hacked. Several thousand dolars were withdrawn from his bank account and several thousand more charged to his credit card. The credit card company won't make him pay but he doesn't know if he'll get the money back from his bank account. I've heard several stories of people having problems with PayPal and they go for months without hearing from them about their problem.

nnnyyy
03-19-2003, 11:34 AM
You don't want to link a checking account number with them.

Don't you have to link a checking account in order to get a debit card?

Packy
03-19-2003, 11:55 AM
I might try this. If it works, I'll remove my checking account from my paypal account, for extra security.

Thanks for the tip!

morkinva
03-19-2003, 12:37 PM
Yes it may be true you need a linked checking to get a debit card; but I guess I unlinked my account after I got the card.

Also, I've taken money out by using Wawa's atm, and I was still charged $1 for the transaction by paypal - sooooo, I don't understand why you can use WM's atm and not get charged.

DurocShark
03-19-2003, 12:42 PM
Originally posted by: iambiotech
So Paypal isn't charging you the $1 even though you're using an ATM? Sure beats going to the drug store to buy a chocolate bar and asking for $100 cash back!

Ryland
03-19-2003, 02:14 PM
I love the Bank of Wallymart :)

MJGunn
03-19-2003, 02:21 PM
Originally posted by: morkinva
Yes it may be true you need a linked checking to get a debit card; but I guess I unlinked my account after I got the card.


I did the same. The only problem is, I long ago reached my sending limit (what is it.....$1000...or $2000?), so now my account is only useful for getting money. I'm planning on opening a second checking account at one of those banks that offer totally free checking, no fees for anything, no minimum balance, leaving it pretty much empty, and linking it to my paypal account.

El Jefe de la Mafia
04-03-2003, 03:54 AM
I have a quick question that is somewhat related:

Can you use Paypal to move money from your credit card into your checking account (avoiding the crazy fees for cash withdrawal from your credit card company)?

If so, how is this done? Do you have to create 2 seperate account and send the money from one account to the other?

Thanks in advance for the helps guys.

OrlandoTiger
04-03-2003, 07:25 AM
Originally posted by: sync

Originally posted by: morkinva

Originally posted by: DealMonkey
I dunno, it's free to transfer PayPal $ to your checking account (i.e. electronic deposit). Why is this method any better?

- dm

You don't want to link a checking account number with them. The reason being so they cannot grab money from it when there is a 'problem'. Screw them. They once held up a payment to me for over $2000 for about a month and it made me sick to my stomach. From other stuff I've read I was lucky to get the money at all.

I never leave anything substantial in there. When I link a credit card to the account, its a one-time use number. Haha!!

I know someone who is very diligent about using strong passwords. His PayPal account was hacked. Several thousand dolars were withdrawn from his bank account and several thousand more charged to his credit card. The credit card company won't make him pay but he doesn't know if he'll get the money back from his bank account.
Thats one paypal horror story I havent heard. Thanks for the info :(

LuNoTiCK
04-03-2003, 04:32 PM
Thats some good info. So it's a good idea to get an atm card from paypal and use it at washington mutual.