[PayPal Guide] How to Link a Bank Account - PayPal (2024)

So you’ve signed up for your PayPal account and may have linked your credit or debit card to skip the hassle of typing your financial details each time you pay online. With PayPal, you can also add a bank account to withdraw any funds sent to your account.

Linking Your Bank Account

Step 1: Link a new bank account

[PayPal Guide] How to Link a Bank Account - PayPal (1)

To start linking a new bank account, look for Wallet on the top bar, which brings you to an overview of your current PayPal balance, as well as linked credit or debit cards. Simply click on Link a bank account to start the process.

Step 2: Add in your bank account details. You can add your bank account details via Bank Verification or Wire Transfer.

[PayPal Guide] How to Link a Bank Account - PayPal (2)

(i) Bank Verification

[PayPal Guide] How to Link a Bank Account - PayPal (3)

(ii) Wire Transfer

[PayPal Guide] How to Link a Bank Account - PayPal (4)

We’ll need to know the country/region of your bank, and details such as the bank name, bank code, branch location, branch code, and your account number. Double check that the names on your bank account and PayPal account match to prevent paying a fee for returned withdrawals.

Tip: Remember to look out for the “secure” lock on the top right edge of the page to make sure you’re on the right page.

Step 3: Confirm Bank Card

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Once you’ve completed Step 3, please verify with UnionPay card. A verification message code will be sent via linked phone number. No deposit is required.

And that’s it, you’re done! You can now use your account to pay for your online purchases, and withdraw PayPal funds to your bank account in full.

Withdrawing payments to your bank account

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To withdraw funds from your PayPal balance to your bank account, simply go to the same payment dashboard, click Withdraw money on the left of the page, enter the amount you wish to withdraw and click Continue. Once you’ve done that, review the details before clicking Withdraw.

Adding a credit or debit card to pay, and withdrawing funds you receive, are just examples of the many ways you can use your PayPal account. You can find out more on how to make the best out of your account, or simply start shopping now.

Useful Resources

Discover the deals and rewards you can get when you shop worldwide with PayPal.

Transactions with PayPal enjoy world-class security with 24/7 fraud monitoring.

How you can get full refunds on eligible purchases that do not arrive or isn’t as described.

Here’s how you can get refunds for your return shipping costs on eligible purchases.

[PayPal Guide] How to Link a Bank Account - PayPal (2024)

FAQs

[PayPal Guide] How to Link a Bank Account - PayPal? ›

You can add your bank account details via Bank Verification or Wire Transfer. We'll need to know the country/region of your bank, and details such as the bank name, bank code, branch location, branch code, and your account number.

What info do you need to link a bank account to PayPal? ›

You can add your bank account details via Bank Verification or Wire Transfer. We'll need to know the country/region of your bank, and details such as the bank name, bank code, branch location, branch code, and your account number.

Why is PayPal not letting me link my bank account? ›

Here are some possible reasons why you couldn't add your bank to your PayPal account: The account must be with a U.S. bank. The name on the bank account must match the name on the PayPal account. You can't link a bank account to more than 1 PayPal account at a time.

How long does it take for PayPal to confirm bank? ›

To confirm your bank account, we'll deposit 2 small amounts (each between 1.01 and 1.50 INR) to your bank account. These amounts will show on your bank statement within 5 business days.

Why can't I process my PayPal request? ›

make sure that your account has been validated, remove old credit cards with expired dates, remove email addresses that are no longer valid, and. remove physical addresses that are no longer valid.

What banks are compatible with PayPal? ›

Which Banks Work with PayPal?
  • Bank of America.
  • BNY Mellon.
  • BB&T.
  • Citibank.
  • JPMorgan Chase.
  • Keybank.
  • PNC.
  • Suntrust.

How do I link my bank or card to pay with PayPal? ›

Linking your credit or debit card
  1. STEP 1: Link from your PayPal dashboard. Once you've logged in, look for the Link a card button on your account dashboard and click on it.
  2. STEP 2: Enter your credit or debit card details. ...
  3. STEP 3: Add new credit or debit card.

Can I link my bank account or debit card to PayPal? ›

Here's how to link a card to your PayPal account: Go to your Wallet. Click Link a debit or credit card. Follow the instructions to link your card.

How do I complete a PayPal request? ›

How do I pay a money request or invoice?
  1. Go to Dashboard and find the request.
  2. Click Pay amount.
  3. Select your payment method.
  4. Click Pay Now.

How do I verify my PayPal account? ›

Here's how to Verify your account:
  1. Log in to your PayPal account.
  2. Click Get Verified on your Account Overview.
  3. Select the verification method you want to use.
  4. Enter your information, then click Continue.
  5. Click Confirm, then click Submit.

How do I withdraw money from PayPal without a bank account? ›

Can I withdraw money from PayPal without a bank account? Depending on your jurisdiction that your PayPal account is in, you can request a paper check to a destination of your choice, or you can withdraw your account balance to a PayPal Debit Card where you can then withdraw cash from any ATM.

What is the minimum amount to transfer from PayPal to bank account? ›

$1.00 minimum transfer amount. $5,000 maximum transfer amount in a single transaction. $5,000 maximum transfer amount per day. $5,000 maximum transfer amount per week.

What is the maximum amount you can send through PayPal? ›

What's the maximum amount I can send with my PayPal account? If you have a verified PayPal account, there's no limit on the total amount of money you can send. You can send up to 60,000.00 USD in a single transaction, but we may limit that amount to 10,000.00 USD. These amounts can also vary depending on your currency.

How do I add money to my PayPal account instantly? ›

Here's how to add money to your PayPal balance on the web at PayPal.com:
  1. Go to your Wallet.
  2. Click Transfer Money.
  3. Choose "Add money from your bank or debit card. ' Enter the amount.
  4. Choose either 'In seconds with debit' or 'in 3-5 days with your bank'.

Does PayPal go directly into your bank account? ›

PayPal lets you withdraw money via bank transfer or paper check. When requesting your PayPal balance be transferred to your bank account, you can choose an instant transfer (for a fee) or a standard transfer, which can take longer.

Does PayPal take money from your bank account immediately? ›

It usually takes 3-5 business days to transfer money from your linked bank account to your PayPal balance. The money is removed from your bank account and the transaction is verified and processed through the Federal Reserve's ACH (Automated Clearing House) before being released to PayPal.

When someone pays you through PayPal How do you get the money? ›

With PayPal, you receive money when someone pays to your email address or mobile number. Once that happens, we'll send you a message letting you know you have money available. You can access the money you receive on your PayPal account home page.

How do I receive payments from PayPal? ›

How to Accept Money on Paypal: 5 Ways
  1. Invoicing Through Paypal. The most basic way to receive money and increase your PayPal balance is to use your personal account portal. ...
  2. PayPal.me Link. ...
  3. Setting Up a Paypal Payment Gateway on Your Site. ...
  4. Linking Your PayPal Account to Your Accounting Software. ...
  5. Mobile Payments via PayPal.
Mar 24, 2023

Do I need to link a bank account to PayPal to receive money? ›

Do I need to link a bank account to PayPal to receive money? No, you don't need to link a bank account or even a card to PayPal in order to receive money. However, you will need to link it to withdraw that money out of PayPal.

How long does it take to receive a payment with bank account with PayPal? ›

Payments made using Credit or Debit Card will be sent immediately to your PayPal account. Payments made from bank accounts usually take 2-3 days to get processed. Was this document helpful?

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