PayPal is one of the most used online banking platforms across the globe. PayPal is used worldwide and allows users to send and receive money across 200 countries. If you want to transfer money from PayPal, you can transfer money in 25 currencies. The money transfer fees may differ as per the country.
The money transfer fees can be as low as 99 cents and a maximum of up to $4.99.
This article will discuss how to transfer money from PayPal to a bank account in a few steps. Users need to follow the given steps carefully to complete the transfer of funds from PayPal to a bank account.
How to Transfer Money from PayPal to Bank Account?
Here are the steps which a user needs to follow to transfer money from PayPal to a bank account.
Step 1: Open your PayPal account and log in to your PayPal account.
Step 2: Click on the PayPal balance.
Step 3: Click on “Transfer to your bank” below the PayPal balance option.
Step 4: Enter the bank details in which you want to transfer money.
Step 5: Now, enter the amount of money you want to transfer from PayPal.
Step 6: After filling in the amount, click on continue.
Step 7: Click on transfer, and the transfer of money from PayPal to the bank account is completed.
Note: It is advised to check the process and, once verified by the user, proceed to pay the amount. You can also be charged for the money transfer as per the bank in which you transfer money. You can contact the bank to know about the online payment charges fees.
How long does it take to transfer money from my PayPal account to my bank account?
If you have transferred money from PayPal to your bank account and still have not received the money in your bank account, you need to contact your bank to further details about the transactions.
In general cases, it usually takes a business day to complete the process. It can also take five business days to complete the process as per the bank guidelines. If it takes a much longer time, then it is recommended to contact the bank to know the transaction’s status.
How to add my bank account to my PayPal account?
To add a bank account with a PayPal account, you need to check the bank’s guidelines, as some of the banks do not allow you to add a bank account with PayPal.
Here are the steps which a user needs to follow to add a bank account with PayPal.
Step 1: Open the PayPal website.
Step 2: Click on worldwide or more at the bottom of the web page.
Step 3: Now, the user needs to select the country whose bank the user wants to add to PayPal.
Step 4: Check for the withdrawal options in your country.
Step 5: In this step, users will learn how to add a bank account with a PayPal account. Follow the steps carefully to add the bank account.
1: Log in to your PayPal account.
2: Click on your PayPal profile.
3: Now, click on my money.
4: Now, click on my bank’s option.
5: Click on the add bank account.
6: Here, users are requested to enter the information asked in the form and then save it.
By following the steps mentioned above, the user can add a bank account to a PayPal account.
How do I transfer money to a PayPal account from my confirmed bank account?
If you want to transfer money from your bank account to your PayPal account, then here are some of the requirements to complete the process. The user must have a bank account with the same name as the PayPal account to transfer money.
Here are the steps to transfer money from a bank account to a PayPal account.
Step 1: Open PayPal and login into your account.
Step 2: Click on add money below the PayPal balance.
Step 3: Select your bank ( in case you have more than one account added to the PayPal account )
Step 4: Enter the amount you want to transfer to your PayPal account and click on add.
Step 5: Kindly review the transfer details and click on transfer.
Note: If you face any issue with transferring money from PayPal to a bank account or vice versa, you can contact your bank for further information.