How to Withdraw Money from PayPal and Put It in Your Bank Account in Three Different Ways

1. 1

   To use PayPal, launch the app on your iOS device. An image of a white "P" on a blue background serves as the icon. The app can be accessed in a number of ways, including browsing to it on the Home screen, looking for it in the app drawer, or conducting a search for it. When you click this, you'll be brought to your PayPal account's control panel.

   • Follow the on-screen prompts to sign in to your PayPal account if you are not already logged in.
   • A recipient must first sign up for PayPal and link a bank account before you can transfer funds to that person's account. Next, they can simply transfer the funds to their own account after receiving the money from you via the cost-free "Friends and Family" option.

2. 2

   Tap Transfer below your PayPal credit Your current equilibrium will be displayed on the left side of the screen.

   Advertisement

3. 3

   Simply key in the amount you wish to send You can transfer the full amount if you like, or a smaller amount if you'd like to keep some money in your PayPal account. Any money sent must start at $1. [1]

4. 4

   Pick between a regular transfer and an instant one. Below your transfer amount, you'll see two tiles: "In minutes (Instant)" and "1-3 days"

   • Sends money to your bank account in a matter of minutes for a nominal fee. Cost is displayed on the tile.
   • Free standard bank transfers typically take between one and three business days to appear in your account. On weekends and holidays, the processing time for wire transfers made after 7 p.m. may increase.
     • Transferring money between banks could take longer or cost more depending on the institution. [2] Most major banks will not impose such fees, and they will complete the transfer in one to three business days with no issues.

5. 5

   Choose a bank account To switch to the correct bank account, tap Change if it is not already highlighted.

   • If the bank you want to transfer to isn't listed, you'll need to add it to PayPal before you can withdraw your money.

6. 6

   Tap the Send a Payment of $(Amount) Right Away button It's at the bottom of the screen. In doing so, your money will be deposited into the account you specified.

Advertisement

1. 1

   Start at https://www.paypal.com. Please sign in to your account now if you haven't already done so.

   • A recipient must first sign up for PayPal and link a bank account before you can transfer funds to that person's account instead of your own. The recipient can then deposit the funds into their own bank account with ease after receiving the money from you via the cost-free "Friends and Family" option.

2. 2

   Click the Send Funds button Under your current balance on the left side of the page you'll see this.

3. 3

   Select Place a transfer to your bank account With this option, you can have money transferred to your bank account.

   • To send money to a foreign bank that isn't already connected to your PayPal account, use Xoom's Transfer abroad service. Xoom is a service that allows you to transfer money from your PayPal account to a bank in more than 100 different countries.

4. 4

   Select the transfer type (Standard or Instant) and then click Next This is where you can view your linked accounts. If the bank you want to withdraw to isn't listed, you'll need to add it to your PayPal account before you can make a withdrawal.

   • If you need the money quickly and don't mind paying a fee, you can transfer it instantly to your bank account or debit card by selecting "Instant."
   • If you select your bank account under "Standard" and are fine with waiting 1–3 business days for the funds to arrive, you can initiate a fee-free transfer. "
     • While some banks may complete the transfer quickly, others may charge additional fees or take longer. [3] The majority of large financial institutions offer no-cost wire transfers that can be processed in 1–3 business days.

5. 5

   Transfer amounts can be entered and reviewed before being finalized. Make sure you have the correct bank account selected before continuing.

6. 6

   Click Please send (amount) now Once you click this button, money from your PayPal account will be sent to your bank. To return to your PayPal account after the transaction has been completed, simply select Done.

Advertisement

1. 1

   You are unable to make a transfer at this time due to a restriction on your PayPal account. If this message appears, you need to provide additional identification or verification to unlock your account. [4] To do so:

   • Simply open up a browser and navigate to https://www.paypal.com/disputes.
   • Pick View Your Limits to Continue
   • If there are any unmet needs, select them and click or tap the "Resolve" button.
   • Please submit the required paperwork.
     • Any valid government-issued photo ID, work permit, or permanent resident card will suffice as proof of identity.
     • The last three months' worth of rent or mortgage payments, or similar financial documents, are acceptable as proof of residence.
     • Certificates of marriage, divorce, or a new name commitment are all valid legal documents that can be used to legally change a person's name.
     • Articles of incorporation, business licenses, and other forms filed with the relevant state government all constitute "business documents."
   • When PayPal receives and verifies your requested documents, the hold on your account will be removed, allowing you to make bank account withdrawals.

2. 2

   Possible Unusual Activity Detected by Our Security System Withdrawal authorization failed; please complete a security check to continue. [5] Pick a method of identification from the "Let's make sure it's you" menu, and then click Continue.

3. 3

   Your bank or debit card may not support Instant Transfer. If you try to make an instant transfer to a bank that is not supported, you will see this error. To avoid this, you can either switch to a different bank or transfer method, or you can stick to a more conventional transfer method.

4. 4

   "The data you entered when linking your bank account does not match what your bank has on file. Possible causes of this error include not updating PayPal with changes to your bank account details such as a new name, address, or account number. Please verify the accuracy of the bank account details you entered into PayPal and try again.

   • It's possible that fixing this issue will require you to remove and then re-add your bank information to PayPal.

5. 5

   Instead of taking money out of your bank account, you could try something else.

   • You can avoid fees by using a debit card and linking it to your PayPal account.
   • A PayPal Cash Card, available to those in the United States, can be used to withdraw cash from ATMs and make purchases wherever Mastercard is accepted for a small fee. [6]
   • Get Cash is a feature exclusive to the United States that allows you to withdraw your PayPal balance at any of Walmart's 4,600 locations. [7] After selecting the option to transfer your balance, click the Get cash button and proceed with the on-screen instructions.

Advertisement

Prompt: Question