How Do You Transfer Money From Paypal To Your Bank Account

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This wikiHow teaches you how to transfer money from your PayPal account both to your personal bank account and to another person's PayPal account. Unfortunately, you cannot transfer money from your PayPal account directly into another person's bank account.

1

Open the PayPal webpage. Since PayPal is essentially a banking service, you'll need to log in to view your PayPal account.
2

Click Log In . It's in the top right corner of the page.
3

Enter your email address and password. You'll do this in the fields in the middle of this page. When you're done, you can click Log In below the password field to log into your account.
4

Click My PayPal . It's in the top right side of the page. Doing so will take you to your account page. This step will only be needed, if you don't have advertisements that have a button that says "Account Overview".
5

Click Transfer to your bank . This link is below the available "PayPal Balance" and "Add money" links window in the top-left column of the page.
6
Select the bank account you'd like to withdraw it to. Generally, checking accounts that you have added to PayPal come as free deposit) may be limited to a deposit of a banking day or two. However, if you added a debit card (which can be received in a matter of minutes) added to your PayPal account, these will cost you twenty-five cents. Tap one, then select Next at the bottom of the screen.
- If you decide to make the transfer after 7pm, on a weekend or holiday, expect this to take a little longer. Transfers also are subject to review and could be delayed or stopped if they find an issue on your end.
7
Type in the amount you wish to withdraw. You'll do this in the window in the middle of the page. Use the 10-key keypad on your keyboard to enter this number beginning with the dollar amount and ending with the cents. There is no need to press the period key as the period is a static item in the display (built into the feature).
- You must withdraw a minimum of $1.00.
8

Click Next . It's at the bottom of the page.
9
Click Transfer $(dollar amount entered) Now . Doing so will transfer your money to your account.
- The transfer usually occurs by the following day if submitted before 7:00 PM (ET), though it can take longer if you submit a transfer on a weekend or a holiday.^[1]

1

Open the PayPal app. It's the white "P" outlined on a blue background icon.
2

Tap Log In . You'll see this option in the bottom left corner of the screen.
3
Enter your email address and password. You'll need to tap Log In when you're finished.
- If your PayPal accepts Touch ID, you can scan your fingerprint to open PayPal instead.
4

Tap Manage Balance . It's near the top of the screen; this tab displays your current balance.
5
Tap Transfer Money . This option is in the bottom right corner of the screen.
- You won't see this option if you have less than one dollar in your PayPal balance.
6
Select the bank account you'd like to withdraw it to. Generally, checking accounts that you have added to PayPal come as free deposit),may be limited to a deposit of a banking day or two. However, if you added a debit card (which can be received in a matter of minutes) added to your PayPal account, these will cost you twenty-five cents. Tap one, then select Next at the bottom of the screen.
- If you decide to make the transfer after 7pm, on a weekend or holiday, expect this to take a little longer. Transfers also are subject to review and could be delayed or stopped if they find an issue on your end.
7
Type in the amount you wish to withdraw. There isn't a decimal point button on the PayPal keypad but along with the traditional 10 single numerical digits from zero to nine, there is also a "00" key, so type your answer accordingly.
- For example: if you want to withdraw three dollars, you'd type "300".
- You must withdraw a minimum of $1.00.
8

Tap Next . It's at the bottom of the screen.
9
Tap Transfer . This option is at the bottom of the screen. Doing so will transfer your selected amount of money from PayPal into your bank account.
- The transfer usually occurs by the following day if submitted before 7:00 PM (ET), though it can take longer if you submit a transfer on a weekend or a holiday.^[2]

1

Open the PayPal app. It's the white "P" outlined on a blue background icon.
2

Tap Log In . You'll see this option in the bottom left corner of the screen.
3
Enter your email address and password. You'll need to tap Log In when you're finished.
- If your PayPal accepts Touch ID, you can scan your fingerprint to open PayPal instead.
4
Tap Send Money . It's in the "Send and Request" section in the middle of the screen.
- When you send money from PayPal, money is withdrawn from your bank account if you have no PayPal balance.
5
Type in a contact's email address or phone number. You'll do this at the top of the screen.
- If this is your first time sending money, tap Let's get started! at the bottom of the screen.
- You can also tap a contact's name below the search bar if there are any.
6

Tap a person's name. If the person whose name you typed in has a PayPal account, their name will appear below the search bar.
7
Tap a payment option. You have two payment options here:
- Friends and Family - Personal payments; PayPal doesn't withhold any percentage of these payments.
- Goods and Services - Business-related payments; PayPal withholds 2.9 percent of the amount you send, plus an additional 30 cents.
8

Type in the amount you wish to send. There isn't a decimal point button on the PayPal keypad, so you'll need to add an extra two zeroes on the end of what you plan on withdrawing.
9

Tap Next . It's at the bottom of the screen.
10
Tap Send now . This option is at the bottom of the screen. Doing so will send your determined amount to the person you chose.
- You can review where the money is being sent from (e.g., bank account vs. PayPal account) at the bottom of the page.
- If you want to add a note to your payment, tap Add a note near the top of the screen and type one in, then tap Done.

1

Open the PayPal webpage. Since PayPal is essentially a banking service, you'll need to log in to view your PayPal account.
2

Click Log In . It's in the top right corner of the page.
3

Enter your email address and password. You'll do this in the fields in the middle of this page. When you're done, you can click Log In below the password field to log into your account.
4

Click My PayPal . It's in the top right side of the page. Doing so will take you to your account page.
5

Click Pay or send money . You'll find this option near the top of the screen, just below the magnifying glass icon.
6
Click a payment type. You have two options at the top of the page:
- Pay for goods or services - Your recipient will pay a 2.9 percent fee, plus 30 cents.
- Send money to friends and family - The transaction is free for both you and your recipient.
7
Type in an email address, phone number, or name. You'll do so in the search bar at the top of the page. Whatever you type here has to pertain to the person to whom you're sending money.
- You can also click on a contact's name if there is one below the search bar.
8
Click Next . It's to the right of the text field.
- If you clicked on a contact's name, skip this step.
9
Type in the amount you wish to send. You'll do this in the window in the middle of the page.
- You can also click the Add a note field to type in a note here.
- If you wish to change the currency, click the box below the amount number and then click a currency type.
10

Click Continue . It's at the bottom of the page.
11

Click Send Money Now . This is at the bottom of the page. Doing so will send your determined amount to the person you picked. They'll have to accept your money before it's taken out of your account.

Add New Question

Question

Can I send money from PayPal to someone who is not on PayPal?

No, you can't send money through PayPal to a person who does not have a PayPal account.
Question

What fees are associated with transferring money from my PayPal account to my bank account?

You can expect a small withdrawal fee in most cases, with an additional processing fee as set =by PayPal for your country/currency. You may also face a fee for the exchanging of currencies if the currency of the balance you wish to transfer is different than that of your bank account.
Question

Can I send money from my Paypal account to another person's bank account?

Yes, as long as you have that person's account information.
Question

What is the minimum amount of money that I can transfer to my bank account?

U.S. Dollars, $1.00 USD Australian Dollars, $2.00 AUD British Pounds, £1.00 GBP Canadian Dollars, $2.00 CAD Czech Koruny, 20.00 CZK Danish Kroner, 6.00 DKK Euros, €2.00 EUR Hong Kong Dollars, $8.00 HKD Hungarian Forints, 200 HUF Israeli New Shekels, ₪4.00 ILS Japanese Yen, ¥200 JPY Mexican Pesos, $11.00 MXN New Taiwan Dollars, NT$330 TWD New Zealand Dollars, $2.00 NZD Norwegian Kroner, 7.00 NOK Philippine Pesos, P50.00 PHP Polish Zlotys, 3.00 PLN Singapore Dollars, $2.00 SGD Swedish Kronor, 8.00 SEK Swiss Francs, 1.00 CHF Thai Baht, ฿36.00 THB
Question

Where do I find the routing number and what is it?

The routing number is used to identify your specific bank, so when a direct deposit/wire transfer goes out, it is properly directed towards your bank. You can find them on your personal checks as well as your deposit slips personalized to your bank account. If you have an online bank account, there is usually a link to direct deposit indicating what the routing number for your bank is.
Question

How do I transfer money from my PayPal account to my savings account?

Go to "Wallet" in your PayPal account. Select "Link a Card or Bank." Follow the instructions and let PayPal verify your account. Once it is verified, select "Transfer to Bank Account."
Question

Can I send money from PayPal to a bank?

Only to your own linked bank account.
Question

How many days does it take to transfer money to PayPal?

It takes 3 - 5 days to transfer money inside of your bank account into your PayPal account.
Question

How much does PayPal charge to send money?

A linked bank account transfer will be free. Instant transfer with eligible linked debit card will be 1% of the amount transferred, with a maximum fee of $10.
Question

What is the length of time for a tenant's PayPal payment to hit my landlord business account?

It will be added to your account automatically if you have registered your account with PayPal.