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Mortgage Application - PayPal

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  • 17-12-2023 1:55pm
    #1
    DUBLINIRL
    Registered Users Posts: 187 ✭✭


    Did you have to provide the bank with any information relating to your PayPal account as part of your mortgage application?


    Did they ask about any other eWallets you have?



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    #2
    herbalplants
    Registered Users Posts: 1,215 ✭✭✭herbalplants


    Not PayPal but mortgage broker asked for Revolut statement.

    Living the life



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    #3
    Gregor Samsa
    Registered Users Posts: 9,018 ✭✭✭Gregor Samsa


    If you had cash regularly going out of your current/savings account into a PayPal account, they might ask about it to see what the money is then being spent on. I only use PayPal attached to my Credit Card, so the bank never asked (as it still shows the merchant soft descriptor after "PayPal*" on the statement, so they can tell where the money is being spent). I gave my Revolut statements up front, as I knew they'd want to see them (as it's topped up with cash from my current account).

    They basically want to see what you're spending your money on. If they can see that you're spending money on (or transferring money to) something, but they can't see exactly what it is, the'll ask. Same as the source of money coming into your account. If it's not your wages, they'll want to know what it is.

    Post edited by Gregor Samsa on


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    #4
    DUBLINIRL
    Registered Users Posts: 187 ✭✭DUBLINIRL


    Did they request the Revolut statements going back the usual 6 months or was it longer?



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    #5
    herbalplants
    Registered Users Posts: 1,215 ✭✭✭herbalplants


    https://www.boards.ie/discussion/comment/121507248#Comment_121507248

    6 months yes

    Living the life



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