This is a really late update. Last Thursday (1st November), I received a sorry note from PosLaju. The only thing I was expecting to receive is my Public Bank Visa Electron debit card. Since my debit card application was only processed a week ago, I wasn’t too optimistic about it. However, I was hoping that it was my debit card waiting for me.
I quickly drove to the PosLaju office to pickup my letter. I was delighted to receive an envelope with the words “Public Bank Berhad” printed below my address. I knew it must be my debit card in it.
So, it does take about seven working days to get a Public Bank debit card approved. Well, it is true if you do not include the time your application sit helplessly in a corner in the Public Bank office waiting to be picked up and processed.
Anyway, I tried to add my new visa debit card into my PayPal account. Unfortunately, I was hit by an error message indicating that I couldn’t add the card into the system. I was furious and disappointed. I got the error message below.
This credit card has been denied by the bank that issued your credit card. For details on why your card was denied, please contact your credit card issuer’s customer service department. Or, you may want to try adding a different credit card.
I tried searching for a solution at Google and found LiewCF’s article on his Public Bank Visa Electron Debit Card. That was when I realized that I had to transfer more than the initial RM25 into my debit card because PayPal will charge a small fee (about US$1) to add my debit card.
I immediately rushed to a nearby Public Bank to bank in RM50 into the card using the cash deposit machine. If you would like to transfer funds into your debit card through a cash deposit machine, remember to select the option “Credit Card Payment”. Insert your debit card number and check to make sure it is your name on the screen.
After transferring the money, I went home and tried to add my Public Bank debit card into PayPal again. This time, it worked. I can now start to withdraw my hard earned PayPal funds and touch real cash.
I have read some others advising us not to immediately withdraw a large sum of money or else PayPal may become suspicious and put our accounts on hold. After considering this matter for a while, I decided to withdraw the maximum allowed (US$500) instead. If PayPal does put my account on hold, I guess I will just have to go through the trouble to verify myself by sending in some documents. I am willing to take the risk rather than waste $5 for every extra transaction that I will do by making smaller withdrawals.
I wonder if anyone else has made a large withdrawal (eg $500) from PayPal successfully without raising the alarm. Have you?
I will be making the withdrawal right after this. Wish me luck!