Why am I seeing a zero-dollar deposit or prenote from PayPal on my bank account?

PayPal is required by the banks that we use to process our transactions to identify inactive bank accounts that may be linked to PayPal accounts.

To do this, we send a prenotification (prenote) in the form of a zero-dollar deposit to all bank accounts on file linked to PayPal accounts. This prenote does not affect the balance of your bank account and may not show up on your monthly statement, depending on your bank. You need no action if your bank account is verified as an active account.

If your bank account is inactive, the prenote will be returned to PayPal, and we will send you an email to notify you of the inactive bank account being unlinked from your PayPal account. PayPal plans to send these prenotes every 6-12 months to ensure all linked bank accounts are still active.