October 22, 2004
Yahoo PayDirect shutting down
Dear Yahoo! ID:,
We regret to notify you that we are closing the Yahoo! PayDirect from HSBC service, effective November 22, 2004.
You may continue to use your current PayDirect account until November 22, but you will not be able to open any new accounts, nor will you be able to send money to or receive money from a person who is not currently a PayDirect customer. After November 22, 2004, you will not be able to use your account for any new transactions. ‘Send money’ transactions initiated prior to November 22 will be completed if recipients accept funds within 30 days after send date; thereafter transactions will be canceled. You can still view your account records and withdraw any pending balances until February 15, 2005. After February 15, you can only access your PayDirect account to review past transactions and/or close your account.
The PayDirect service and web site will be completely discontinued on May 15, 2005.
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