How To Transfer Money From PayPal To Your Bank Account Instantly

In this quick tech how to video, I’m going to show you how to transfer money from PayPal to your linked bank account, using the PayPal mobile app.

Transferring money is quick and easy, and you have a couple of options when starting the transfer. You can transfer for free, which takes a couple of days, or you can transfer instantly and pay a small fee.

Before we transfer money out of PayPal, we have to link a bank account or card. To do this, from the main screen, tap the wallet icon on the bottom right.

Here we see our PayPal balance, and underneath that, we see the accounts I already have linked. But assuming you’ve never linked an account, tap Add Banks and Cards at the top.

Next, tap the type that you want to add to your wallet. We’ll choose Banks.

From here, choose or search for the bank that you use, and follow through the steps to link and add your account. Each one is a little different, and you’ll need your account login.

Once you’re finished, you’ll see your account at the bottom in your wallet.

Now to transfer money from PayPal, tap your balance.

At the bottom of this screen, choose Transfer, and then transfer money.

You’ll then get to the two options PayPal gives you. You can transfer for free, but this takes 1 to 3 days to process. If that doesn’t matter, then choose the option, and make sure that the account is chosen that you want to transfer to. When you’re ready hit transfer now at the bottom.

But since we want to transfer instantly, we’ll choose the first option, and choose the account to transfer to. You’ll see that there is a small fee to do this, which for the small amount that I have in here, is only 25 cents. Currently, this fee is 1.5 percent, with a minimum of 25 cents, and a maximum amount of 15 dollars. Once you’re ready, again tap transfer at the bottom, and you’ll start the transfer process to your bank account.

And that’s how you transfer money from PayPal to your bank account.

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