4 Ways to Transfer Money from PayPal to a Bank Account

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4 Ways to Transfer Money from PayPal to a Bank Account
4 Ways to Transfer Money from PayPal to a Bank Account
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This article explains how to transfer money from your PayPal account to your bank account or another user's PayPal profile. Unfortunately, it is not possible to transfer money from a PayPal account directly to another person's bank account.

Steps

Method 1 of 4: Withdraw Money with PayPal (iPhone / Android)

Transfer Money from PayPal to a Bank Account Step 1
Transfer Money from PayPal to a Bank Account Step 1

Step 1. Open the PayPal app

The icon is a white "P" with a blue background.

Transfer Money from PayPal to a Bank Account Step 2
Transfer Money from PayPal to a Bank Account Step 2

Step 2. Press Login

You will see this entry in the lower left corner of the screen.

Transfer Money from PayPal to a Bank Account Step 3
Transfer Money from PayPal to a Bank Account Step 3

Step 3. Enter your email and password

Once done, press the button Log in.

If your version of the app uses Touch ID, you can scan your fingerprint to open PayPal

Transfer Money from PayPal to a Bank Account Step 4
Transfer Money from PayPal to a Bank Account Step 4

Step 4. Press Manage Balance at the top of the screen

This tab shows the current balance.

Transfer Money from PayPal to a Bank Account Step 5
Transfer Money from PayPal to a Bank Account Step 5

Step 5. Press Transfer Money

You will see this entry in the lower right corner of the screen.

This item is not present if you have less than one euro in your PayPal balance

Transfer Money from PayPal to a Bank Account Step 6
Transfer Money from PayPal to a Bank Account Step 6

Step 6. Select the bank account you want to transfer the money to

Usually, Paypal allows you to transfer money for free in one or two business days to the accounts you add to your profile. If, on the other hand, you have added a card (which you can top up in a few minutes), the top up costs € 0.25. Press one of the options, then Next at the bottom of the screen.

If you authorize the transfer after 7pm, on a weekend or public holiday, it will likely take longer to complete. These transactions are also subject to review and may be delayed or blocked until any issues are resolved

Transfer Money from PayPal to a Bank Account Step 7
Transfer Money from PayPal to a Bank Account Step 7

Step 7. Type in the quantity to be withdrawn

There is no comma button on the PayPal keypad, but in addition to the traditional numbers 0-9, you will also find the "00" key, so enter the exact value accordingly.

  • For example, if you want to withdraw three euros, write "300".
  • You have to withdraw a minimum of € 1.
Transfer Money from PayPal to a Bank Account Step 8
Transfer Money from PayPal to a Bank Account Step 8

Step 8. Press Next at the bottom of the screen

Transfer Money from PayPal to a Bank Account Step 9
Transfer Money from PayPal to a Bank Account Step 9

Step 9. Press Transfer

This button is located at the bottom of the screen. Press it and you will transfer the amount of money you have indicated by PayPal to your bank account.

The transfer usually takes place the following day if you authorize it before 7pm, while it can take longer on weekends or holidays

Method 2 of 4: Withdraw Money from PayPal (Desktop)

Transfer Money from PayPal to a Bank Account Step 10
Transfer Money from PayPal to a Bank Account Step 10

Step 1. Open the PayPal web page

As this is basically a banking service, you need to log in to view your profile.

Transfer Money from PayPal to a Bank Account Step 11
Transfer Money from PayPal to a Bank Account Step 11

Step 2. Click Login in the upper right corner of the page

Transfer Money from PayPal to a Bank Account Step 12
Transfer Money from PayPal to a Bank Account Step 12

Step 3. Enter your email and password

You can do this in the fields in the center of the page. Once done, click Log in under the password field, in order to access your profile.

Transfer Money from PayPal to a Bank Account Step 13
Transfer Money from PayPal to a Bank Account Step 13

Step 4. Click My PayPal

You will see this button at the top right of the page. Press it and your account screen will open. This step is only necessary if you see an advertisement with the "Go to your account" button.

Transfer Money from PayPal to a Bank Account Step 14
Transfer Money from PayPal to a Bank Account Step 14

Step 5. Click Transfer Money

This item is located under the "PayPal Balance" and "Top-up Account" links in the top left column of the page.

Transfer Money from PayPal to a Bank Account Step 15
Transfer Money from PayPal to a Bank Account Step 15

Step 6. Select the bank account you want to transfer the money to

Paypal usually allows you to transfer money for free in one or two business days to the accounts you add to your profile. If, on the other hand, you have added a card (which you can top up in a few minutes) the top up costs € 0.25. Press one of the options, then Next at the bottom of the screen.

If you authorize the transfer after 7pm, on a weekend or public holiday, it will likely take longer to complete. These transactions are also subject to review and may be delayed or blocked until any issues are resolved

Transfer Money from PayPal to a Bank Account Step 16
Transfer Money from PayPal to a Bank Account Step 16

Step 7. Type in the amount of money to withdraw

You can do this in the window in the center of the page. Use the numeric keypad on your keyboard to enter the digit, remembering to enter cents. There is no need to press the comma, because it is already there by default.

You must withdraw at least € 1

Transfer Money from PayPal to a Bank Account Step 17
Transfer Money from PayPal to a Bank Account Step 17

Step 8. Click Next

This button is located at the bottom of the page.

Transfer Money from PayPal to a Bank Account Step 18
Transfer Money from PayPal to a Bank Account Step 18

Step 9. Click Transfer (amount entered) € now

This will transfer the money to your bank account.

The transfer usually takes place the following day if you authorize it before 7pm, while it can take longer on weekends or holidays

Method 3 of 4: Send Money with PayPal (iPhone / Android)

Transfer Money from PayPal to a Bank Account Step 19
Transfer Money from PayPal to a Bank Account Step 19

Step 1. Open the PayPal app

The icon is a white "P" with a blue background.

Transfer Money from PayPal to a Bank Account Step 20
Transfer Money from PayPal to a Bank Account Step 20

Step 2. Press Login

You will see this entry in the lower left corner of the screen.

Transfer Money from PayPal to a Bank Account Step 21
Transfer Money from PayPal to a Bank Account Step 21

Step 3. Enter your email and password

Once done, press the button Log in.

If your version of the app uses Touch ID, you can scan your fingerprint to open PayPal

Transfer Money from PayPal to a Bank Account Step 22
Transfer Money from PayPal to a Bank Account Step 22

Step 4. Press Send Money

You will find this button in the "Send and Request" section in the center of the screen.

When you send money via PayPal, the money is withdrawn from your bank account if there are not enough funds

Transfer Money from PayPal to a Bank Account Step 23
Transfer Money from PayPal to a Bank Account Step 23

Step 5. Enter the email or phone number of the payment recipient

You can do this at the top of the screen.

  • If this is your first time sending money, press Start at the bottom of the screen.
  • If present, you can press the contact name below the search bar.
Transfer Money from PayPal to a Bank Account Step 24
Transfer Money from PayPal to a Bank Account Step 24

Step 6. Press the person's name

If the user you entered has a PayPal account, their name will appear below the search bar.

Transfer Money from PayPal to a Bank Account Step 25
Transfer Money from PayPal to a Bank Account Step 25

Step 7. Press a payment option

You will find two:

  • Friends and relatives: Personal payments. In this case, PayPal does not withhold any commission.
  • Goods and services: Commercial payments. PayPal retains 2, 9% of the amount sent, plus 0, 3 € additional.
Transfer Money from PayPal to a Bank Account Step 26
Transfer Money from PayPal to a Bank Account Step 26

Step 8. Type the amount you want to send

You won't find the comma key in the PayPal numeric keypad, so you'll need to add two zeros to the end of the sum.

Transfer Money from PayPal to a Bank Account Step 27
Transfer Money from PayPal to a Bank Account Step 27

Step 9. Press Next at the bottom of the screen

Transfer Money from PayPal to a Bank Account Step 28
Transfer Money from PayPal to a Bank Account Step 28

Step 10. Press Submit Now

You will see this button at the bottom of the screen. Press it and you will send the indicated figure to the person you have selected.

  • You can check where the money is withdrawn from (e.g. bank account or PayPal balance) at the bottom of the page.
  • If you want to add a note to the payment, press add a note at the top of the screen, then type your text and press Done.

Method 4 of 4: Send Money With PayPal (Desktop)

Transfer Money from PayPal to a Bank Account Step 29
Transfer Money from PayPal to a Bank Account Step 29

Step 1. Open the PayPal web page

As this is basically a banking service, you need to log in to view your profile.

Transfer Money from PayPal to a Bank Account Step 30
Transfer Money from PayPal to a Bank Account Step 30

Step 2. Click Login in the upper right corner of the page

Transfer Money from PayPal to a Bank Account Step 31
Transfer Money from PayPal to a Bank Account Step 31

Step 3. Enter your email and password

You can do this in the fields in the center of the page. Once done, click Log in under the password field, in order to access your profile.

Transfer Money from PayPal to a Bank Account Step 32
Transfer Money from PayPal to a Bank Account Step 32

Step 4. Click My PayPal

You will see this button at the top right of the page. Press it and your account screen will open.

Transfer Money from PayPal to a Bank Account Step 33
Transfer Money from PayPal to a Bank Account Step 33

Step 5. Click Pay or Send Money

You will find this button at the top of the screen, just below the magnifying glass icon.

Transfer Money from PayPal to a Bank Account Step 34
Transfer Money from PayPal to a Bank Account Step 34

Step 6. Click a payment type

You will notice two options at the top:

  • Pay for goods or services: the recipient will pay a commission of 2.9%, plus 30 cents.
  • Send money to friends and family: the transaction is completely free.
Transfer Money from PayPal to a Bank Account Step 35
Transfer Money from PayPal to a Bank Account Step 35

Step 7. Write an email, name or phone number

You can do this in the search bar at the top. Enter the information of the person you want to send the money to.

You can also click on a contact name if it is listed under the search bar

Transfer Money from PayPal to a Bank Account Step 36
Transfer Money from PayPal to a Bank Account Step 36

Step 8. Click Next to the right of the text field

If you clicked on a contact name, skip this step

Transfer Money from PayPal to a Bank Account Step 37
Transfer Money from PayPal to a Bank Account Step 37

Step 9. Enter the number to send

You can do this in the window in the center of the page.

  • You can also click on the field add a note if you wish to accompany the transaction with text.
  • If you wish to change the currency, click the field below the figure, then click the name of the desired currency.
Transfer Money from PayPal to a Bank Account Step 38
Transfer Money from PayPal to a Bank Account Step 38

Step 10. Click Continue at the bottom of the page

Transfer Money from PayPal to a Bank Account Step 39
Transfer Money from PayPal to a Bank Account Step 39

Step 11. Click Send Money Now at the bottom of the page

Press this button and it will send the indicated figure to the user you have selected. Before the money is withdrawn from your account, the transfer must be accepted.

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