Switching Direct Deposit to different account?

[superballs63]

I'm having issues with PayPal (Big surprise, I know) and I am worried that they are going to attack my bank account trying to get money from some cheap-o who bought stuff from me and thinks I lied about the condition. So, in an effort to keep MY money secure I am going to close the account, as I only ever opened it to avoid fees from cashing my paychecks from a previous employer. Problem is that my UPS pay is Direct deposited into that account, so I plan on re-routing my DD to another account at the same bank. So does anyone know if it still takes 2 weeks to SWITCH the DD as it does to start it up?

Thanks,
Dan

 

[dannyboy]

I would say yes. This stuff always takes time. And if your request falls on the right day, it could even take longer.

There are some times when trying to be super frugal (cheap is another term) where it can really bite you hard. I find it interesting only he is the "cheap-o"?

Drain the money out as soon as it is deposited if you are really worried. As far as that action affecting your ability to sell again, that action will shoot yourself in the foot. So if you have a good reputation on the selling site, it might be better to arrange for a compromise instead. In the retail world, a good rep is priceless.

d

 

[superballs63]

The money is already out, but PayPal might try to reach in and take it. I tried to compromise with the guy but he's asking for more than he's deserved. I have a VERY good rep on the site but not everything can have a happy ending unfortunately

 

[barnyard]

I thought you could change your direct deposit via UPSer.com.

 

[UpstateNYUPSer(Ret)]

I thought you could change your direct deposit via UPSer.com.

You can:

Life and Career

Payroll

Direct Deposit

Takes about 2 weeks, depending upon which day you submit the change

 

[superballs63]

You can:

Life and Career

Payroll

Direct Deposit

Takes about 2 weeks, depending upon which day you submit the change

Tried that, but it doesn't want to let me add a new bank account

 

[bluehdmc]

Can you switch to a live check?
Paypal may still try to take the money from your old account, and your bank could charge you fees.
Has this person opened a dispute with paypal?
Paypal should contact you and let you have your say before they take the money from you.

 

[UpstateNYUPSer(Ret)]

Tried that, but it doesn't want to let me add a new bank account

You have to delete the current account and then add the new one. You cannot have more than one active account.

 

[menotyou]

You have to delete the current account and then add the new one. You cannot have more than one active account.

I didn't know that. Thanks for the tip.

 

[barnyard]

I have 2 active accounts, but had to go through payroll and have it done by hand. Plus, now that it is set up, I cannot change it online. Kind of a bummer.

 

[NJupser717]

I switched mine on a sunday night, that thursday I was handed a pay stub and not a pay check. To my understanding, and my experience, the change is immediate but if it's made after a pay check/deposit is made/issued, the change will take effect next pay period.

 

[packageguy]

That was very fast, i know guys it took 2 to 3 weeks. good for you.

 

[UpstateNYUPSer(Ret)]

I have 2 active accounts, but had to go through payroll and have it done by hand. Plus, now that it is set up, I cannot change it online. Kind of a bummer.

I stand corrected. How do your deposit(s) work? Is it 50/50 or do you have a predetermined amount going to one account and the balance to the other?

None of my business but wouldn't it be easier to have the direct deposit go to one account and then make the transfer to the other account yourself?

 

[brett636]

It does take 2-3 weeks for the switch to occur. When I switched my main bank account from my original brick and mortar bank to an online bank I switched the direct deposit of my paycheck. My next two paychecks came in on paper until the switch was complete.