posted on January 7, 2002 09:24:37 AM new
I started a funds transfer from my Checking account ino my PP account. Because some miscalculations and some fees I wasn't expecting, the balance on my checking account wasn't what I expected and the transfer was unsuccesful. Now, what I didn't knew is that when this happens it counts like a NSF check, and a $25.00 NSF fee was applied to my account. PayPal emailed me telling me that the transfer was going to be re-submitted in a few days, and since I'm currently far from home and cannot fund my account properly, I'm afraid another $25.00 NSF fee will incur. I emailed PP customer service about this, and they say this resubmission can not be cancelled. What can be done? I don't want to lose another $25.00 because PayPal cannot cancel this!
Am I wrong by thinking the $25.00 fee was because of this? I always thought that when a funds transfer is usuccesful, it would fizzle like when you try to withdraw more money than you have on your account on an ATM.
Resubmission will be in 2 days, according to the PP representative.
Any advise can be appreciated.
posted on January 7, 2002 09:57:53 AM new
You can place a stop payment with your bank. It usually costs 5-10 dollars. That way the payment shouldn't be able to go through and you most likely won't incurr the NSF fee.
posted on January 7, 2002 10:55:57 AM new
my bank charges 15 for stop payment,i guess it is the lesser devil??
i fyou are on good standing with your bank,you may talk your way out if this second withdrawal/transfer.
in this case,it pays to know your personal banker.
