How to Transfer Money From a PayPal Account

PayPal has quickly become one of the largest online banking methods. If you do any type of business online, chances are good you will need to accept PayPal from your customers. Once you get the money into your PayPal account, you will want to be able to transfer that money to your bank.

Instructions

1. Link your primary bank account to PayPal. To do this, look at the Activate Account Box after you've logged on. Select the "Add Checking Account" option.

2. Fill out the information for your primary bank. They will need to know the name of the bank and the number of the account you want to transfer money into. Once you link the account, you will not need to provide this information each time you transfer money--PayPal will have it on file.

3. Click "Withdraw Money." When you choose to withdraw money you will be offered a few ways of doing so. All means of withdrawal will cost you money in PayPal fees except for the option to transfer to your bank account. The transfer money service is free. Choose the option to transfer money to your linked account.

4. Enter the dollar amount of the transfer you wish to make. The dollar amount has to be less then or equal to the money that you have available in your PayPal account.

5. Wait for the money to arrive in your primary bank account. The amount of time it will take for your transfer to go through has largely to do with your primary bank and how quick they are at processing the incoming transfer. However, most banks within the US will show the money in your account within three or four days. Outside of the US is usually takes five to seven days for the transfer to go through.

Tips & Warnings

• Plan ahead. Since it will take at least a few days for the money to arrive in your primary bank account, be sure to do your PayPal transfer in plenty of time so you are not caught without the money in your account that you need.

Resources

• Online banking with PayPal.