How to Set Up Direct Deposit From PayPal to Chase

PayPal is a money-sending and -receiving service that can be used by businesses and individuals. Once a payment has arrived in a PayPal account, the money can be transferred to the account holder in a variety of ways. You can deposit directly to a bank account, such as a Chase bank account, after the bank account is added to the PayPal account.

Instructions

Account Setup

1. Log in to your PayPal account.

2. Click "Profile." Select "Add or Edit Bank Account."

3. Click the "Add Bank" button.

4. Click the radio button next to "Checking" or "Savings," depending on which type of Chase account you are adding.

5. Type the routing number and account number in the fields provided. Click "Continue."

6. Click "Confirm" under the Chase bank account entry.

7. Click "Set up Direct Debit." Type in the full address of the bank account in the provided fields. Click "Submit." PayPal deposits two small random amounts -- typically less than $1 each -- into the account within two to three business days.

8. Log into your Chase bank account to verify the deposit amounts. Write the deposit amounts down.

9. Log into your PayPal account. Click "Profile." Click "Bank Accounts."

10. Click "Confirm" next to the Chase bank account. Type the two deposit amounts into the two fields. Click "Submit." The account is confirmed.

Direct Deposit

1. Click "My Account." Click "Withdraw."

2. Click "Transfer to Bank Account." Click to select the Chase bank account.

3. Type the amount you want to direct deposit into your account. Click "Continue." Verify that the information is correct and click "Submit." The money direct deposits into your Chase bank account within three to five business days.