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How to Transfer Money from PayPal to your Bank

Member
By Pamela Wilson-Lipscomb
User-Submitted Article
(6 Ratings)
PayPal account
PayPal account

PayPal is a wonderful instrument for handling your online financial transactions. You are not limited to online purchases when using your PayPal account. You can transfer money from your PayPal account a bank account, whenever you get a PayPal payment. Once you set up your bank to receive money from PayPal, you can transfer money, with the click of a key.

Difficulty: Easy
Instructions
  1. Step 1

    Log into your PayPal account: Logg into your PayPal account, click, "Profile." You will get a drop down screen, click on "Add or Edit Bank Account. Once you have clicked "Profile" you will get a drop down screen, click on "Add or Edit Bank Account.

  2. Step 2

    Add a bank account: Enter the information of the bank, you want PayPal to transfer money to. Enter your bank's routing number and your account number. Next, enter your bank' s name and submit. It will take a few days for your banking institution to approve your account for receiving from PayPal.

  3. Step 3

    Make a money transfer from your PayPal account: Log into your account, click "Withdraw." A drop down screen will give you options, click, "Transfer to Bank Account." Enter the amount of money you want to transfer from your PayPal account to your bank account and click, "Continue" and then, "confirm." It will take 3-4 business day for the money transfer to hit you bank account.

Tips & Warnings
  • PayPay never send emails requesting information about your account

Comments  

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mardev said

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on 7/24/2009 Good explanation on using PayPal to transfer money into your bank account - RRC'd

sonni57 said

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on 7/23/2009 Thanks for the good info on Paypal I use them too so far they've been great.

Psalmist4M said

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on 7/23/2009 Very helpful info. I prefer using PayPal to banks really. Thanks for sharing this article. 5*s

jenng said

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on 7/23/2009 Great article on How to Transfer Money from PayPal to your Bank Account 5*

jenng said

Flag This Comment

on 7/23/2009 Great article on How to Transfer Money from PayPal to your Bank Account 5*

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