When PayPal verifies a bank account using ACH deposits and withdrawals, can they also view the account’s balance?

Asked Nov 3, 2012· 1 answer

Faisal KhanAnswered Nov 3, 2012

No.

By law that is not allowed. The only information they will know is if the amount they are submitting for a debit charge was NSF or not.

ACH Payment Infrastructure Account-to-Account Payments Payment Clearing

Related in Domestic Payment Rails, National Switches and Clearing Systems

Do you think an ACH can be rejected (incurring reject fees) if we verify the balance ahead of time?1 ans Is there a compiled list of retailers that accept ACH eChecks (not PayPal)?1 ans What are the requirements to become an ACH processor?1 ans Why can’t ACH transfers be processed instantly?1 ans