What Is “PP*INST XFER” on My Bank Statement?

Short answer: it's PayPal Instant Transfer charging you $1–$5,000+.

⚡ Quick Answer
Charge:PP*INST XFER
Service:PayPal Instant Transfer
Amount:$1–$5,000+/mo
Category:finance
Legitimate:✅ Yes (if you signed up)

Also Appears As

PP INST XFERPAYPAL INST XFERPP*INSTANT TRANSFERPP INST TRANSFER

Why Am I Being Charged?

This is a PayPal Instant Transfer fee. When you transfer money from PayPal to your bank account instantly (instead of waiting 1-3 business days), PayPal charges a 1.75% fee (max $25). The 'PP*INST XFER' descriptor appears as the fee deduction.

Common Reasons for This Charge:

How to Cancel PayPal Instant Transfer

This is a one-time fee, not a subscription. To avoid future charges, use 'Standard Transfer' (free, 1-3 business days) instead of 'Instant Transfer' when moving money from PayPal to your bank.

Don't Recognize This Charge?

Log in to PayPal → Activity → find the transaction → Report a Problem. Or call PayPal at 1-888-221-1161.

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