PayPal is a well-known global online payment system serving millions of users. PayPal makes receiving and sending payments easy, yet when users receive money in their PayPal account, they often transfer it out again to their bank account for various reasons. If you are wondering how to transfer money from PayPal to bank account? Well for this, you need to open the PayPal mobile app, click ‘Transfer to your bank’, enter amount before you hit the transfer now button.  

Your bank may assess additional fees when receiving money transferred via PayPal's mobile app or website, so take extra steps when linking your bank account. For instance, you can select between standard and instant transfer on PayPal. Let’s begin and learn more about. 

What are the different Ways to Transfer Money from PayPal to a Bank Account 

There are primarily two ways to transfer money from PayPal to a bank account. The standard transfer and instant transfer. Here is what you need to know about it.  

1. Standard Bank Transfer: While standard bank transfers are an efficient and free way of moving funds between PayPal and your bank account, they may take several days to complete the transfer.  Here is how to complete the PayPal standard transfer: 

• First of all log into your PayPal account.  
• Click “Wallet.” Select “Transfer to Bank Option.” 
• Select your account number and enter the amount to transfer.  
• Verify all details and submit your transfer request.  
• Funds could arrive in your account anywhere between one to three days depending on the processing speed of your bank.  

2. Instant Transfer: PayPal instant transfer feature offers the fastest and simplest solution when it comes to instant fund transfers. In fact, at just 1% of the amount transferred, this enables instantaneous money transfers from your PayPal account directly into bank accounts worldwide. 

Here is how you can set up an Instant Transfer: 

• Log into your PayPal account. 
• Click "Wallet." Select "Transfer to Bank." And transfer your amount. 
• Choose "Instant Transfer" and confirm your transaction. 
• Your money will arrive instantly in your account and will incur an instant transfer fee for instantaneous transfers. 

How to Link Your Bank Account with PayPal? 

Before sending money through PayPal, it must first be linked with your bank account. You need to follow the steps mentioned below to link a bank account with PayPal:  

• Log into your PayPal account. 
• Go to your PayPal account, and click on the Wallet tab. 
• Click "Link a Bank Account." 
• Please select your bank and enter its required details (bank name/account number/routing number). 
• Click "Link Bank" to validate the information. 
• Once your bank has been linked to PayPal, you can begin moving funds between them and your bank. 

How to Transfer Money from PayPal to Your Bank Account Using the Mobile App? 

Here is how to transfer money from PayPal to your bank account using the mobile app: 

• Log into PayPal on your mobile device. 
• Click on the "Wallet Icon" at the bottom. 
• Click "Transfer to Bank", select your bank account and then "Transfer Money." 
• Simply select either "Standard transfer" or "Instant transfer," enter the amount that needs to be transferred, and hit submit. 
• Verify and submit a transfer request. 

How to Transfer Money from PayPal to Your Bank Account Using a Web Browser? 

You also have the option to transfer money from PayPal to your bank account using a web browser: 

• Visit the PayPal website and log into your account.  
• On the main page, click “Wallet” 
• After this select the “Transfer to bank” and select your linked bank account.  
• Enter the amount you wish to transfer.  
• At last, recheck all the details before you submit request for the transfer.  
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FAQ:-

Can I transfer money from PayPal to my own bank account? 

Yes, you can transfer money from PayPal to my own bank account.  

Can I transfer money from PayPal to my bank account instantly? 

PayPal allows you to transfer money instantly to any bank for just a small fee (usually around 1%), making the transfer in minutes. 

How do I transfer money from PayPal to my bank account for free? 

PayPal provides the standard option to transfer money freely into your bank account from PayPal for free; this transfer may take anywhere between one to three days. 

Why can’t I transfer money from PayPal to my bank account? 

There may be various reasons why PayPal cannot transfer money directly into your bank: 

• You may not have linked with your bank account correctly with PayPal 
• There can be issues with PayPal, including limits or security holds on accounts. 
• Your bank may restrict you from making online purchases.