Tuesday, October 28, 2014

Do PayPal transactions look suspicious to banks?

I'm looking to purchase a house. I've been approved for a mortgage. The lender told me to continue to send them back statements so they can keep track of where my money is coming from so they can make sure it's all mine. I recently had two payments of $500 transferred from my PayPal to my bank account. Will that look suspicious to my lender? I don't want to jeopardise my home because someone paid me back via PayPal.

Read more: Do PayPal transactions look suspicious to banks?