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How to transfer money from PayPal to your bank account
If you don’t have a PayPal debit card, you might not be able to make full use of your PayPal balance. A quick way to access your funds is to move the money to another account or card. Here’s how to transfer money from PayPal to your bank account.
Read more: What you need to know about PayPal
QUICK ANSWER
To transfer money from PayPal to your bank account, open the app or log in to the website. Tap Transfer below your PayPal balance. Type in how much you want to transfer, select your bank account, and tap Transfer now.
JUMP TO KEY SECTIONS
How to transfer money to your bank account from the PayPal app
Open the PayPal app, and on the homepage, look for the PayPal balance section. Tap Transfer below the amount shown.
Type in the amount you want to transfer and select your bank account. Tap the blue Transfer button at the bottom of the page. You will have the option to complete the transfer for free if you’re willing to wait for one to three business days. PayPal charges a 1.5% fee (up to $15) for an instant transfer.
Transfer money to your bank account from the website
Log in to your PayPal account on the website. Look for the balance section, and click Transfer money–->Transfer to your bank.
Type in the amount you want to send, choose the bank account, and click Transfer now. PayPal will let you know how much the fee is for an instant transfer. A free bank transfer will take one to three business days.
Read more: How to receive money on PayPal
FAQs
You can transfer money to your bank account for free, but you will have to wait for one to three business days. PayPal charges a 1.5% fee (up to $15) for an instant transfer.
You can instantly get your money in your bank account if you pay a fee. You will have to wait for one to three business days if you opt for a free transfer.
PayPal might have placed a payment hold on your account. Log in to your PayPal account and check the Resolution Center to see if there are any limitations that you need to clear.
PayPal limits bank transfers to $25,000 per transaction. This is significantly higher than the limit for debit card transactions, which are limited to $10,000 unless the PayPal account is verified.