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PayPal is an international digital solution for people who want to send or receive money from any international source. Whether you want to buy something from an international source or transfer money from paypal to bank accountanything is possible in these simple steps.
How to transfer money from PayPal to your bank account
Not just one way, there are three ways users can transfer money from paypal to bank account. They are the following:
- PayPal app
- PayPal Debit MasterCard
Bank transfer method
After linking their bank account, users can transfer money from their PayPal account to their bank account. There are two more ways to do this, one is the instant transfer method and the other is the standard transfer method.
Instant transfer method
This method can take around 3 minutes to transfer money to your bank account and is subject to fees. Follow the steps below to to know how to transfer money from PayPal to your bank account:
Step 1: Log in to your PayPal account > Go to your ‘PayPal balance’ on the left side of the page > Click on ‘Transfer money’ under your balance amount.
2nd step: Now click on ‘Transfer to your bank’ then press ‘Next’
Step 3: Now users can enter the amount they want to transfer and then click “Next”
Step 4: Users need to fill in their transfer details > then tap “Transfer $$$ Now”.
Step 5: At the end, return to the Wallet page of your wallet and press “Done”.
Read more: How much money can be transferred via Google Pay?
Standard transfer method
This type of transfer method is usually free and can take around 1-3 business days. Follow the steps below to transfer funds from your PayPal account:
Step 1: Open your PayPal account > tap on “Transfer Money” written under your PayPal balance.
2nd step: Tap “Transfer to your bank”.
Step 3: Go to the “Standard” section > Choose your bank account > press “Next”.
Step 4: Fill in the transfer amount.
Step 5: Check your transfer details > now tap “Transfer $$$ now”.
Step 6: Now tap “Done” and your transfer is complete.
To note: * All banks, but some banks, may charge fees for the transfer. Users can contact their bank directly for more information.
* A standard transfer usually takes 1-3 business days, but sometimes it can take up to 5 business days, depending on your bank’s processing time.
PayPal app method to transfer funds from your PayPal account
This method also takes a few minutes and is chargeable. Follow the next steps to find out how to transfer money from PayPal to your bank account:
Step 1: Open your PayPal app > Tap on the blue dashboard ()
Step 2: Click “Transfer” under your balance.
Step 3: Enter the amount you wish to withdraw.
Step 4: Click “Transfer $$$ Now”.
Read more: Here’s how to transfer money from Paytm to the bank with no fees
PayPal Debit MasterCard
If a user is qualified for PayPal Debit MasterCard, this is the fastest way to withdraw money from their PayPal Balance account. Users can use this card at any ATM or any store where MasterCard is accepted. You won’t have to wait or go through a certain process, just use it the same as your other ATM or Master cards.
PayPal Debit MasterCard has a maximum limit of USD 400.00 per day. But additional fees related to cash withdrawals or payments abroad may apply.
Some banks may charge a fee for any of the methods mentioned above while transfer money from PayPal to bank account. Individual rates may vary for different accounts, so users should contact their bank. In the event that a bank is unable to transfer the money due to incomplete or incorrect information, your funds will be returned to your PayPal account (again, return fees may apply in this case.) Remember nor, under PayPal’s terms and conditions, a withdrawal request once made, cannot be reversed.
Read more: How to get Google Pay Money refund sent by mistake
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