How to Transfer Money From a PayPal to a Bank Account

Move money from PayPal to your bank with ease.

Chances are, if you work online or sell items through online auction sites, you need to transfer the money you've earned or been paid out of PayPal. Unless you want to spend all of your income online shopping, or wait for a check from PayPal in the mail, you need to know how to transfer money from your PayPal account to your bank account. The process is straightforward -- soon you'll have the proceeds of your sale or your hard-won earnings boosting your bank balance.

Instructions

1. Sign in to your PayPal account with your email address and PayPal password.

2. Take note of the amount of money that you have in your PayPal account by locating it in the "My PayPal Balance" box below the heading, "My Account Overview." Decide how much of that balance to transfer to your bank account.

3. Click on the "Withdraw" link on the gray toolbar below the navy blue taps toward the top of the page.

4. Select the "Transfer money to your bank account" option from the available options chart.

5. Enter the amount of money to transfer to your bank account from your current PayPal account balance in the amount box, using both dollars and cents.

6. Click the "Continue" button and review the information on the next page to make sure that everything is correct.

7. Click the "Submit" button and wait for the confirmation page to load. Read the information on the confirmation page. It confirms again the bank account to which the money is being transferred as well as approximately how long it will take to be deposited, typically three to four days.

8. Log out of PayPal by selecting the "Log Out" option at the right corner of the page. This closes the secure connection.

Tips & Warnings

• Don't worry if you accidentally transfer money into an old account that you have closed. If the bank account information that you have provided to Paypal is not right, then the money will be refunded back to your Paypal account.

References

• PayPal: Withdraw Money - Bank Transfer

Resources

• Read this Article in Spanish