Link Your Bank Account and PayPal Account
Before you can transfer money to your PayPal account or from your PayPal account to your bank, you’ll need to link the two. Connect your PayPal account with either your bank account or your bank card. PayPal does not charge a fee for this service.
How to Transfer Money From PayPal Into a Bank Account
After linking your PayPal and bank accounts, transferring funds requires only a few steps.
Things to Remember When Transferring Money From PayPal
While moving money out of your PayPal account is straightforward, keep these other details in mind.
Timing PayPal Transfers to Your Bank Account
PayPal transfers the money from one account to another, and, depending on your bank, this may take time. If you have any pending payments about to hit your PayPal account, this may cause you issues, so do your math before you trigger a transfer. Transferring money to your bank account isn’t instantaneous if you choose the standard transfer, which can take one to three business days. If you’re pressed for that money, connect your PayPal account with your debit card. Those transfers usually go through in about 30 minutes, as long as it isn’t after hours or a federal holiday.
Fees Associated With Transfers From PayPal
While PayPal doesn’t charge you to make a transfer, check with your banking institution. Depending on your account type, you may encounter charges from your bank for electronic transfers. To accelerate the process, request an instant transfer and pay the associated fee. Instant transfers from PayPal to your bank account typically take a few minutes.
When PayPal Intervenes During Transactions
PayPal reserves the right to stop or stall transactions if they suspect suspicious activity. You’ll need to reach out to customer support and deal with the issue directly in those cases.