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| Personal Finance and Forex Share tips of the trade or ask questions regarding the best way to manage your personal accounts and savings. Where should you have your funds allocated in terms of liquidity, dollar leverage (against inflation) and retirement planning. |
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Should i add my savings account to Paypal?
Im 15 turning 16 in a couple months. I have a savings account that i use very regularly. My dad is the overseer becasue im not 18. I have about 4300$ in savings, and i have about 20$ in my paypal account for selling something but im unverified. I want to get that money out via a check. If i add my savings account, would that be verification to withdraw my funds? I cant take it out becaue i dont have a creditcard/debit card to register it with. Once i register, i just want to withdraw the funds and after i get my check, i want to delete my paypal account. MY question is 1) can i do this? 2) When i delete my paypal account, when im 18 or 19, can i re-register?
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I'm sure you could but I wouldn't. It would be too easy for you to get in to the habit to spend it. Just keep it as savings and have your dad help set up a student checking account for you. Then just keep the maximum amount that you want to spend in it. That way you never get those " well it's only five dollars more" habits.
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