FNB PayPal withdrawal.

46Female

Expert Member
Joined
Apr 20, 2021
Messages
1,751
after 3-4 weeks of trying to setup
free FNB online PayPal
I was told from FNB I have a little bit of money in my investment account from 20 years ago.
that its will take 21 working days to close the account
so for now my only option is to get the cheapest bank account they have to withdraw my PayPal money.

which I have now done gotten the R4 a month bank account
 

46Female

Expert Member
Joined
Apr 20, 2021
Messages
1,751
they guy in FNB helped me with the withdrawal but he was very quick
I don't think I remember how to withdraw the money again
and also he said it was a gift but it wasn't it was for my work
im a freelancer do you think it will be declined because it said the wrong thing?
 

Pho3nix

The Legend
Joined
Jul 31, 2009
Messages
29,294
they guy in FNB helped me with the withdrawal but he was very quick
I don't think I remember how to withdraw the money again
and also he said it was a gift but it wasn't it was for my work
im a freelancer do you think it will be declined because it said the wrong thing?

No, it won't be declined. If it's for work, speak to a Tax oak to get the actual code you should be using for the transfers
 

Pho3nix

The Legend
Joined
Jul 31, 2009
Messages
29,294
Actually checked my statement and the most I've paid is R250ish for a largish transfer
 

rvZA

Executive Member
Joined
Jan 3, 2021
Messages
7,682
it usually takes like 3 business days for the money to reflect in my account

Mine usually on the second business day. As example, if I transfer on any Friday, Saturday or Sunday, the funds are in my account on Tuesday. If I transfer on a Monday, the funds are in my account on Wednesday. On a Thursday, and the funds are cleared on Monday.

It is the rare exception, and it happened to me only twice the past 5 years, where there was a delay and the funds cleared on the third or fourth business day.
 

Pho3nix

The Legend
Joined
Jul 31, 2009
Messages
29,294
Anyone struggling with transfers from Wise?

Sent some funds last Wed and still haven't received them.
Issue seems to be Exchange4Free not releasing the funds at the moment even though I've done the 2022 Reporting Mandate.

@RedViking

@NeonNinja
 

RedViking

Nord of the South
Joined
Feb 23, 2012
Messages
43,501
Anyone struggling with transfers from Wise?

Sent some funds last Wed and still haven't received them.
Issue seems to be Exchange4Free not releasing the funds at the moment even though I've done the 2022 Reporting Mandate.

@RedViking

@NeonNinja
I haven't received the 2022 forms yet. Last transfer was end December.
 

Pho3nix

The Legend
Joined
Jul 31, 2009
Messages
29,294
Where does exchange4free come into the mix. Can't you send straight from wise to Standard?

Wise uses Exchange4Free as their intermediary for the transfers. Been like this for a year or two now.
 
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