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Learn to access the money held in your PayPal
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Is there money in your PayPal account that you need to transfer to your bank? Once you've linked your bank account to PayPal , withdrawing your balance is quick and easy. Read on to learn more about moving money from PayPal into your bank account, and what to do if you can't transfer your funds.
Transferring Money from PayPal
- Open PayPal on your phone or in a browser.
- Select your balance.
- Select "Transfer."
- Enter the amount you'd like to transfer.
- Choose your transfer method (in minutes, or in days).
Steps
Section 1 of 3:
Using the Mobile App
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Tap your PayPal balance. Your PayPal balance is at the top of your screen.
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Tap Transfer . It's towards the bottom of the page under the "More options" header.Advertisement
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Tap Tranfer to bank . This is usually the first option with two arrows: one pointing left and the other pointing right.
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Verify the transfer amount and choose the speed of the transfer. You have two options:
- Instant transfers your funds to your bank account instantly for a small fee.The fee amount will display once you tap the tile. You can choose this option whether you have a debit card or bank account linked.
- 1-3 days is a completely free standard bank transfer that takes slightly longer to hit your bank account. Transfers made after 7 PM on weekends and holidays might take a little longer. You cannot choose this option if you don't have a bank account linked.
- By default, all the money in your PayPal balance is included in the transfer. If you don't want to transfer it all, tap the pencil icon to change it to the amount you want to move to your bank account.
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Select your bank account. If the correct bank account is not already selected, tap Change and select it now.
- If you don't see the bank you want to transfer to, you'll need to link it to PayPal before you can withdraw your funds.
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Tap the Transfer (amount) Now button. You'll see it at the bottom of the screen. This transfers your funds to the selected bank account.
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Section 2 of 3:
Using a Computer
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Click Transfer Money . You will see this below your current balance on the left side of the page.
- If you want to send your balance to another person's bank account instead of your own, that person will need to sign up for PayPal and then link their bank account. You can then send the money to them using the free "Friends and Family" option, and they'll be able to transfer the balance to their account easily.
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Select Transfer to your bank . This option lets you withdraw funds to your linked bank account. [3] X Research source
- If you want to transfer money to an international bank that is not linked to your PayPal account, choose Send internationally instead. This option lets you transfer your PayPal funds to bank accounts in more than 100 countries through a service called Xoom.
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Choose the transfer amount and either Standard or Instant Transfer. All linked accounts will appear here. If you don't see the bank you want to transfer to, you'll need to link it to PayPal before you can withdraw your funds. [4] X Research source
- in minutes (fee): If you need your money sooner and don't mind paying a small fee, you can select your bank account or debit card under "Instant" to transfer instantly. You'll see how much the fee is once you click this option.
- in 1-3 days (no fee): If you are okay with waiting 1 to 3 business days for the money to hit your bank account, you can do a completely free transfer by selecting your bank account under "Standard."
- By default, all the money in your PayPal balance is included in the transfer. If you don't want to transfer it all, click the X icon next to the transfer amount to change it to the amount you want to move to your bank account.
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Click Transfer (amount) Now . This initiates the transfer of your PayPal funds to your bank.
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Community Q&A
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QuestionCan I send money from PayPal to someone who is not on PayPal?Community AnswerNo, you can't send money through PayPal to a person who does not have a PayPal account.
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QuestionWhat fees are associated with transferring money from my PayPal account to my bank account?Community AnswerYou 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.
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QuestionCan I send money from my Paypal account to another person's bank account?Community AnswerYes, as long as you have that person's account information.
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References
- ↑ https://www.paypal.com/us/cshelp/article/how-do-i-get-money-out-of-my-paypal-account-help394
- ↑ https://www.paypal.com/us/cshelp/article/how-long-does-it-take-to-add-money-from-my-bank-help128
- ↑ https://www.paypal.com/us/cshelp/article/how-do-i-get-money-out-of-my-paypal-account-help394
- ↑ https://www.paypal.com/us/cshelp/article/how-do-i-get-money-out-of-my-paypal-account-help394
- ↑ https://www.paypal.com/us/cshelp/article/how-do-i-get-money-out-of-my-paypal-account-help394
- ↑ https://www.paypal.com/us/cshelp/article/how-long-does-it-take-to-add-money-from-my-bank-help128
- ↑ https://www.paypal.com/us/cshelp/article/help535
- ↑ https://www.paypal.com/us/cshelp/article/why-do-i-have-to-complete-a-security-check-pcc211
- ↑ https://www.paypal.com/us/digital-wallet/manage-money/paypal-debit-card
About This Article
Article Summary
X
1. Open the PayPal app.
2. Tap Transfer
under your balance.
3. Enter an amount.
4. Choose a Standard or Instant transfer.
5. Select your bank account.
6. Tap Transfer (amount) now
.
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Reader Success Stories
- "I did not know how to get the money in my Paypal account to transfer to my checking account in order to pay bills and this article showed me how. Thanks!" ..." more
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