How to Transfer PayPal Money Into Cash

by Kathryn Hatter

Paypal provides its customers with a convenient, secure way of accepting and making payments on the Internet. When you manage your money with PayPal, you have many options that can help streamline your financial activities. As you accumulate money in your PayPal account, you may wish to turn it into cash. Do this easily by transferring funds into a bank account connected to your PayPal account.

Visit paypal.com. Enter your user name and password to log in to your account.

Click the "My account" tab.

Select "Withdraw" from the options near the top of the webpage.

Select "Transfer to Bank Account" from the dropdown menu.

Enter the amount of money you wish to transfer.

Choose the bank account to which you wish to transfer your PayPal funds (if you have more than one bank account connected to your PayPal account). Highlight this bank account. Click "Continue."

Click the "Submit" button.

Select "Go to My Account" and check to see that PayPal deducted the proper amount of money from your account.

Wait up to four days for the transferred money to appear in your bank account. After the money clears and is available in your account, you can withdraw it.

Tip

  • check PayPal account holders with verified accounts are not limited in the amount of money they can transfer each month. PayPal account holders with unverified accounts may only withdraw up to $500 each month.

Items you will need

References

About the Author

Kathryn Hatter is a veteran home-school educator, as well as an accomplished gardener, quilter, crocheter, cook, decorator and digital graphics creator. As a regular contributor to Natural News, many of Hatter's Internet publications focus on natural health and parenting. Hatter has also had publication on home improvement websites such as Redbeacon.

Photo Credits

  • photo_camera money image by Horticulture from Fotolia.com