PayPal is an online payment platform offering convenient and secure ways of receiving and sending money. However, at one point, you may wonder how to withdraw funds from PayPal account or sell items or services online through it. There are several steps you must follow if sending it to a bank account from PayPal for personal or professional purposes.  

So, let’s begin and learn more about withdrawing money from your PayPal account online. From understanding different money transfer methods and linking them with banks to linking them directly with credit cards and managing them effectively. 

What Are the Best Ways to Transfer Money from PayPal? 

PayPal and bank account transfers offer different advantages and disadvantages. Here are the primary ways for money to move between them: 

• Standard transfers are the preferred method for withdrawing funds from PayPal into your bank account. They are completely free, delivering funds directly from PayPal into your bank account in 1-3 business days. 
• PayPal Instant transfers provide immediate funds availability; funds can arrive within minutes. PayPal charges 1.5% for this method of delivery. 
• You can obtain a PayPal debit card if you are an account holder of either Premier or Business level, giving you access to ATM withdrawals as well as purchases using your balance. 
• PayPal gives its users the option of requesting a physical check to confirm their balance; this process typically takes up to ten business days and costs $1.50. 

How to Withdraw or Move Money from Your PayPal Account? 

You can easily withdraw or move money from your PayPal account with the help of the steps mentioned below: 

• Log into your PayPal account by visiting www.paypal.com and entering your email and password to gain access to the PayPal Dashboard. 
• Once logged in, navigate directly to the Wallet menu at the top of the page. Here you can manage both your PayPal balance and accounts linked with it. 
• Under "PayPal Balance," you will find an option to transfer funds.  

PayPal will prompt you with different options for transferring the money. The most common options are: 

• PayPal offers direct transfers between accounts linked with banks and PayPal. 
• For a small fee, this option enables you to transfer funds directly into your bank account. 
• Choose the option that meets your needs best: standard transfers are free if your money does not need to arrive immediately. And instant transfers guarantee it arrives almost instantaneously. 
• Once logged in to PayPal, you will be asked how much money you want to transfer. Enter any available amount from your balance. 
• At last, recheck all the details before you confirm the transfer. 

How to Withdraw Money from PayPal and Put It in Another Bank Account? 

If you want to withdraw money and transfer it from PayPal into another bank account, first connect your PayPal profile to that new bank account by following these steps: 

• After signing into PayPal, click on "Link a Bank account." 
• Follow these steps to link your bank account with PayPal. As with your first bank account, enter both account and routing numbers into PayPal to connect it. 
• PayPal will deposit two small amounts into your bank account to validate its link to PayPal.  
• Once your new account has been verified and linked, simply return to the Transfer Money section, select it as the recipient account, and complete a transfer. 
• PayPal allows users to withdraw funds into another bank account. 

How to Link Your Bank Account with PayPal?

Link your bank to PayPal. If you want to send money easily from PayPal to your bank account, linking the two accounts together is vital. Here is how: 

• Open PayPal and login to your account. 
• From the dashboard, navigate directly to your Wallet. 
• Enter your bank account information including its routing or account numbers in the U.S. and IBAN for international accounts. 
• PayPal will deposit two small sums directly into your bank account, and then you can confirm them on PayPal by returning there and verifying these amounts. 
• By linking your accounts, money can easily transfer from PayPal to Bank accounts without any issues. 

How to Transfer Money from PayPal to a Bank Account? 

Transferring funds from PayPal to your bank account is simple. Here is how to transfer money from PayPal to bank account: 

• Sign in to your PayPal Account by going to www.paypal.com. 
• Select the Wallet icon on your dashboard computer. 
• Click on "Transfer Money Option". 
• Select your bank account. 
• Provide the amount that you would like to transfer. 
• Confirm your transfer by reviewing its details. 
• Choose between an instant or standard transfer and have the funds appear in your account within minutes, or up to three business days later. 

FAQ 

How Do You Send Money from PayPal to the Bank Quickly? 

The instant transfers offer the fastest method to move money from PayPal into your bank account quickly, but at a cost of 1.5% of each transfer. 

Withdraw Money from PayPal Without a Card or Bank Account, Is It Possible? 

Yes. PayPal allows users to withdraw funds directly from their accounts if there are no bank or card linked to them. 

How much does PayPal charge? 

PayPal charges a variety of fees on certain transactions, including instant transfers (1.5% plus a fixed fee), sending money using debit or credit card (2.9% plus a fixed fee), standard bank transfers are free but international transfers may incur extra costs. 

What are the PayPal withdrawal limits? 

PayPal withdrawal limits depend on whether or not your account is verified. Unverified accounts tend to have lower limits (around $500 monthly withdrawal), whereas verified accounts typically offer higher withdrawal limits that can often reach $10k+ each month.