How to Withdraw Money From a PayPal Account

Posted by Anonymous , 9/4/2007 Tags:WithdrawMoneyFromPayPalAccount
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How to Withdraw Money From a PayPal Account

Introduction

Many people use PayPal accounts to receive money from eBay sales or other online commerce. It's also not uncommon to be paid for online projects via a PayPal account. When you use the money in your account to pay bills, you'll want to make sure you can easily access the funds. It's simple enough to withdraw the money either to your bank account or by requesting a check.

Instructions

Difficulty: Easy

Withdraw Money to Your Bank Account

Steps

1

Step One

Add a bank account to your PayPal account if you don't already have one associated with it. Make sure that you have gone through the process of confirming your bank account with PayPal.
2

Step Two

Assure that the bank account to which you want to transfer money is designated as your primary bank account. This can be checked and changed on your PayPal "Profile Summary" page.
3

Step Three

Sign in to your PayPal account and click the "Withdraw" tab at the top of the "Account Overview" page.
4

Step Four

Choose the "Transfer Funds to Your Bank Account" option and click on the hyperlink.
5

Step Five

Enter the amount of money you want to withdraw and choose the correct bank account from the drop-down menu. Hit the "Submit" button.
6

Step Six

Allow 3 to 5 business days for the funds to post to your bank account.

Withdraw Money by Check

Steps

1

Step One

Click on the "Withdraw" tab in your PayPal account.
2

Step Two

Use the "Request a Check From PayPal" link.
3

Step Three

Enter the amount you wish to withdraw, allowing for a small processing fee to be taken from your PayPal balance.
4

Step Four

Confirm that your address is correct and hit the "Continue" button.
5

Step Five

Wait 1 to 2 weeks to receive your check in the mail.

Withdraw Money via a PayPal Debit Card

Steps

1

Step One

Apply for a PayPal debit card by scrolling down to the bottom of any PayPal page and clicking on the "ATM/Debit Card" link.
2

Step Two

Provide the requested information and submit your request for a debit card. You will receive your card and PIN in the mail in separate envelopes in approximately 2 weeks.
3

Step Three

Use your PayPal debit card as you would any other, either at an ATM or by getting cash back when you make a purchase with your card.

Overall Tips & Warnings

  • If your bank information isn't up to date or is incorrect, PayPal will return your withdrawal and charge you a fee. Some banks may also charge a fee for electronic transfers.

Overall Things You'll Need

  • PayPal account
  • Bank account
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