Is PayPal trying to steal my bank account details?
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So I'm supposed to sign up with PayPal but they asked me lots of info about my bank account details. So I printed out the PayPal website page and then I took it to my bank and then I showed it to my bank manager, and he said "There is NO WAY PayPal needs to ask you all those questions about your bank account details. PayPal is trying to steal info from you. They are trying to scam you." Is the bank manager correct? Or should I just enter all my bank details on the PayPal website ?? thank you!!!!!!
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Answer:
If you expect to use your bank account as a method of payment, they will need to know your name, your account number, and your bank's routing number. This is standard for ANY site that accepts payment from bank accounts. Did Paypal ask for anything more than that? If not, then your bank manager completely overreacted.
abcd at Yahoo! Answers Visit the source
Other answers
If you were actually on the PayPal website, the ONLY information it asked for is your routing number and account number. This is the MINIMUM information required to transfer funds back and forth between your PayPal account and your bank account. If you are being asked for more, you were NOT on the PayPal website.
STEVEN F
PayPal is a well known and well regarded payment facilitator. Of course they need to know a whole heap of info about your bank account and you to be able to set up the account. If you aren't happy or comfortable to provide the required information, simple, just don't sign up to use Paypal. To verify your account they will want more like your SSN and photo ID!
bron357
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