Hey Guys,
I just had my paypal check dishonored.
The withdrawal was requested on 26th Feb(due to RBI banning wire transfers) , check received on March 22nd. Check deposited on March 22. As there is no Citybank in my city so it was an out station check. Check bounced on April 2nd ....
I am sure that it could not have bounced due to insufficient funds in PayPal's Citibank Account.
As checks are valid for 6 months, so it can not be validity issue.
Also it can not bounce due to problem in name spelling as its all pre-typed. The bank account number was correct as I have been charged for bounced check.
So, I am wondering if its another problem with PayPal-RBI or is the effect of new policy that was imposed on paypal few days back that says:
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