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Sometimes is the answer. I had a savings account verified and part of that process is PayPal paying cash into the savings account. However, when I tried to pay money from PayPal to my account the transaction was reversed, which cost me 50 pence. I then added another savings account (I did not want to give access to my current account) and that one worked fine. The accounts are identical (only the account number differed) and I got no explanation and complaining was very, very, infuriating. I did contact the ombudsman and got my 50 pence back but no explanation.

So it is a random risk and PayPal say that they don't recommend using Savings Accounts. The Ombudsman don't seem worried at all as it is such a small charge but I wonder how many times PayPal take 50 pence as their systems have some random issue with some accounts.

Try it if you don't mind losing 50p.

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14y ago
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10y ago

Yes you can ! I have a deposit account with Santander (formerly Abbey) - and have been an Ebay & Paypal user since 2009.

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Q: Can a savings account be used with PayPal?
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