Quote:
Originally Posted by BillsGirl
so I have been wondering bout this... say you get the money and instantly transfer it to your bank, and then paypal wants to do one of those horror stories to take the money, wont it come out of your bank account???
I have noticed the % is dropping, and i have read that it is possible to lose money the the market account... if you lose money will the deduct it from your bank account?
|
The likely of a money market account actually going negative is low low low. however, the risk exists if the low risk assets the fund is holding turn out to be higher risk and default (e.g. the current mortgage mkt.). I have placed 5 figure amounts of $ in PayPal when the rate is good. Right now you can do much better in a multitude of other internet banks that are FDIC insured.