Can you use a custodial account on PayPal?
PayPal will hold these funds as your agent and custodian and you will be the ultimate beneficial owner of the funds. PayPal will deposit your funds into one or more custodial accounts we maintain for the benefit of PayPal account holders at one or more FDIC-insured banks (currently Wells Fargo Bank, N.A.).
How do I access my Wells Fargo PayPal account?
Sign on to Wells Fargo Online; select Manage Cards under the Accounts menu, then select Add Cards to Digital Wallets. 2. Select PayPal as the digital wallet on the Add Cards to Digital Wallets screen.
Is PayPal connected to Wells Fargo?
PayPal uses Wells Fargo as the bank name, so you should use that as well.
What is a custodial account PayPal?
Custodial accounts let parents, grandparents, and others transfer and invest money for a minor. The accounts offer potential tax benefits and the flexibility to use funds for educational or non-educational expenses.