How to Transfer Money from PayPal to your Bank

by Contributor ; Updated September 15, 2017

A PayPal account allows you to pay for online purchases and to accept payments from others. You can transfer the money you receive from others via PayPal to a bank account. After you've set up your bank account to receive money from PayPal, you can transfer money with a few key strokes.

Set Up a Bank Account

Log into your PayPal account. Hover the mouse over "Profile." You will see a drop-down menu. Click on "Add or Edit Bank Account."

Enter the bank account information for the account to which you want PayPal to transfer money. This information will include the bank's nine-digit routing number and your account number. After providing those details, click "Continue." Enter your bank' s name when PayPal asks for it and submit.

Confirm your bank account with PayPal to complete the process. This can take a few days if you don't have online access to your bank account.

Transfer Money

Log into your account. Hover the mouse over "Withdraw." A drop-down menu will give you options. Click on "Transfer to Bank Account."

Enter the amount of money you want to transfer from your PayPal account to your bank account and click on "Continue."

Click on "Confirm" to complete the process. It will take three to four business days for the money transfer to hit you bank account.

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