The 24 hour security hold has been there for nine years. Nothing new.
The problem is that PayPal has now extended this twenty-four hour period without notice or explanation.
For the last two weeks I have been testing it daily and noticed withdrawals exceeding US$2,000 take at least twelve hours longer. Smaller withdrawals are usually released in 28 to 32 hours (instead of the old 24).
There is no difference in the holding period based on currency.
As stated earlier, one can eliminate the negative effects of the longer holding period by requesting withdrawals early in the day.
"Our withdrawals from Feb. 11, 12 & 13 have not yet posted."
Monday was a bank holiday in both Canada and the USA.
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