How to Transfer Money from PayPal to a Bank Account
Open the PayPal app., Tap Log In., Enter your email address and password., Tap Manage Balance., Tap Transfer to Bank., Type in the amount you wish to withdraw., Tap Next., Tap Withdraw.
Step-by-Step Guide
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Step 1: Open the PayPal app.
It's the white "P" outlined on a blue background icon. , You'll see this option in the bottom left corner of the screen., You'll need to tap Log In when you're finished.
If your PayPal accepts Touch ID, you can scan your fingerprint to open PayPal instead. , It's near the top of the screen; this tab displays your current balance., This option is in the bottom right corner of the screen.
You won't see this option if you have less than one dollar in your PayPal balance. , There isn't a decimal point button on the PayPal keypad, so you'll an extra two zeroes on the end of what you plan on withdrawing.
For example: if you want to withdraw three dollars, you'd type "300".
You must withdraw a minimum of $1.00. , It's at the bottom of the screen., This option is at the bottom of the screen.
Doing so will transfer your selected amount of money from PayPal into your bank account.
The transfer usually occurs by the following day if submitted before 7:00 PM (ET), though it can take longer if you submit a transfer on a weekend or a holiday. -
Step 2: Tap Log In.
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Step 3: Enter your email address and password.
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Step 4: Tap Manage Balance.
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Step 5: Tap Transfer to Bank.
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Step 6: Type in the amount you wish to withdraw.
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Step 7: Tap Next.
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Step 8: Tap Withdraw.
Detailed Guide
It's the white "P" outlined on a blue background icon. , You'll see this option in the bottom left corner of the screen., You'll need to tap Log In when you're finished.
If your PayPal accepts Touch ID, you can scan your fingerprint to open PayPal instead. , It's near the top of the screen; this tab displays your current balance., This option is in the bottom right corner of the screen.
You won't see this option if you have less than one dollar in your PayPal balance. , There isn't a decimal point button on the PayPal keypad, so you'll an extra two zeroes on the end of what you plan on withdrawing.
For example: if you want to withdraw three dollars, you'd type "300".
You must withdraw a minimum of $1.00. , It's at the bottom of the screen., This option is at the bottom of the screen.
Doing so will transfer your selected amount of money from PayPal into your bank account.
The transfer usually occurs by the following day if submitted before 7:00 PM (ET), though it can take longer if you submit a transfer on a weekend or a holiday.
About the Author
Jacqueline Kennedy
Specializes in breaking down complex lifestyle topics into simple steps.
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