You cannot withdraw directly into a local bank account (yet??) If you are based in Kenya then you have to get a US bank account to get your money. Kelvin www.likechapaa.com <http://www.dukapress.com>www.dukapress.org -------------------------------------------------------------------------------------------- We help make your website a success. -------------------------------------------------------------------------------------------- On Thu, Feb 3, 2011 at 7:47 PM, Steve Obbayi <steve@sobbayi.com> wrote:
Cool, Am not sure about Equity, I have been based in the USA for a while so am not exactly sure, but a few months ago I was on phone with someone from Paypal and I asked them about withdrawals to Ke and according to them if you are from Kenya then you need a US bank account to withdraw your funds. I don't know if that has changed.
Steve
----- "Timothy Mutugi" <timothymutugi@gmail.com> wrote:
@steve, thanks for the tip man...
BTW, I used to hear that one can withdraw paypal loot into an Equity bank local account? Is that still the case?
Timo.
On 2/3/11, Steve Obbayi <steve@sobbayi.com> wrote:
Hey there, I have seen this issue with paypal payments over and over again so let me try and answer you. Now to open a US based bank account as a none US resident is still possible. The only catch is that you cannot open it online, you have to physically go into the bank with your passport and a second form of identification eg your DL (no need for social security number if you tell them you are not a reident).
You then fill the forms AT THE BANK and you set up you internet banking details right there as thats where all your transaction Bank transfers etc will take place. Once you are done you must deposit some money into the account immediately and you walk out with you temporary ATM card. You then need a Kenyan address and a US address. The US address is where they will send the permanent ATM card within 10 days and other documentation whenever they need to as they wont send it out of the country. Once you have your ATM card and are going back to Kenya there is a number you will need to call to activate your card to work in Kenya. make sure you get that number before you leave the bank.
If you need any more info let me know... this info is based on Bank of America. (Not all banks offer accounts to non residents living abroad).
Their ATM cards work just fine in Kenya but it will cost you 5 bucks per use so be careful .
----------------------- Steve Obbayi Software Developer http://sobbayi.com =======================
----- "Kiti Chigiri" <kiti.chigiri@gmail.com> wrote:
Hi skunks.
I have this nagging question that has just refused to go away. What options does one have for having money in their paypal account transferred to their local bank? A plus is that you tie your local credit/debit card to Paypal for verification.
I have considered opening a US based bank account such that paypal sends money to that account and do a wire transfer from that account to the local bank account.However, I am stumped as to how to go about this, since there is some post 9/11 laws & regulations that limit/restrict bank accounts for no residents.
If you have managed to do so, especially for a SME, please share your experience.
thanks
Kiti chigiri
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