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A comment on Tell HN: Do not store any funds in PayPal or use them for anything critical. Parent comment

Re:Tell HN: Do not store any funds in PayPal or use them for... by quickthrower2 on Thursday February 23, 2023 @04:23PM (#34916669)
Can US bank accounts get overdrawn? If they can the intermediary doesn’t help it just gives you debt and bank charges.
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Re:Tell HN: Do not store any funds in PayPal or use them for... by larsrc on Thursday February 23, 2023 @04:37PM (#34916858)
Oh, boy, can they ever! And the fees can be hefty. Even with a credit union back in the early 2000s, we were talking $10 _per day_, I don't expect it has gotten any cheaper.
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Re:Tell HN: Do not store any funds in PayPal or use them for... by prirun on Thursday February 23, 2023 @04:54PM (#34917102)
Yes, and banks routinely charge $35 for each transaction on an overdrawn account. This is particularly easy to do if multiple people share a bank account with a low balance.
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Re:Tell HN: Do not store any funds in PayPal or use them for... by AlexandrB on Thursday February 23, 2023 @05:04PM (#34917231)
They also sometimes sequence transactions largest to smallest when settling to maximize the number of charges[1].

[1] https://www.forbes.com/sites/halahtouryalai/2013/06/11/yes-b...

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Re:Tell HN: Do not store any funds in PayPal or use them for... by bombcar on Thursday February 23, 2023 @10:09PM (#34920284)
The law was changed to forbid this, though that's not to say they don't sometimes still "allow" it to happen.
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