Paypal echeck. Does it take money out of your bank?

I have 358 dollars in my paypal and I bought an item on ebay for 300. and when i went to the details about the transaction it said i paid it with an echeck. as you can see. Funding Type: eCheck Funding Source: $301.14 USD - First Tennessee Bank Checking and down below it says this Oct 31, 2009 Add Funds from a Bank Account Uncleared Details $301.14 USD Is it trying to take the money out of my bank???? I only have 17 dollars in the bank!!!!! Transfer to: PayPal Total Amount: $301.14 USD Fee amount: $0.00 USD Net amount: $301.14 USD -------------------------------------------------------------------------------- Date: Oct 31, 2009 Time: 18:12:10 PDT Status: Uncleared (Expected Clearing Date: Nov 4, 2009) For instant payments and faster receipt of items Add a credit card. You may also update an expired credit card already on file. -------------------------------------------------------------------------------- Subject: Bank Account Funding Type: eCheck Transfer from: First Tennessee Bank Checking (Confirmed

3 weeks ago - 2 answers