How to send money from paypal to someones bank account

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Table of Contents Show

Link your bank account and move funds with a few clicks
What to Know
Link Your Bank Account and PayPal Account
How to Transfer Money From PayPal Into a Bank Account
Things to Remember When Transferring Money From PayPal
Timing PayPal Transfers to Your Bank Account
Fees Associated With Transfers From PayPal
When PayPal Intervenes During Transactions
Sending money with PayPal
How to transfer money from PayPal to bank account
How to transfer money from Paypal to bank account using the website
How to transfer money from Paypal to bank account using the mobile app
Paypal international money transfer
Why use Kabayan Remit?
Can I transfer money from my PayPal to someone else's bank account?
Can I send money to a bank account using PayPal?
How do I transfer money from my PayPal account to someone else?
Can I send money from PayPal to someone who doesn't have PayPal?

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Link your bank account and move funds with a few clicks

Updated on December 13, 2021

What to Know

Link your bank account (or your bank card) and PayPal account.
Log in to PayPal. On the Summary page, select Transfer Money. Choose Transfer to your bank and select your linked bank account.
Enter an amount and choose Next to confirm the transfer.

This article explains how to transfer money from PayPal to your bank account. These instructions apply to PayPal in a web browser, but the process for moving money to your bank account in the PayPal app is similar.

Link Your Bank Account and PayPal Account

Before you can transfer money to your PayPal account or from your PayPal account to your bank, you'll need to link the two. Connect your PayPal account with either your bank account or your bank card. PayPal does not charge a fee for this service.

How to Transfer Money From PayPal Into a Bank Account

After linking your PayPal and bank accounts, transferring funds requires only a few steps.

Go to the PayPal login page, enter your username and password, and select Log In to continue.
From the Summary page, click Transfer Money below your PayPal balance.
If you don't have a PayPal balance account, you might see an option to Accept the Money instead.
Select Transfer to your bank and choose the bank account to which you want to transfer money.
Type theamount of money that you want to transfer and select Next to confirm it.

Transferring money to your account takes a few clicks, but there are a few stipulations. You'll need to transfer at least $1 from PayPal to your bank account, and transfers made after 7:00 p.m. ET take longer to process.

Things to Remember When Transferring Money From PayPal

While moving money out of your PayPal account is straightforward, keep these other details in mind.

Timing PayPal Transfers to Your Bank Account

PayPal transfers the money from one account to another, and, depending on your bank, this may take time. If you have any pending payments about to hit your PayPal account, this may cause you issues, so do your math before you trigger a transfer.

Transferring money to your bank account isn't instantaneous if you choose the standard transfer, which can take one to three business days.

If you're pressed for that money, connect your PayPal account with your debit card. Those transfers usually go through in about 30 minutes, as long as it isn't after hours or a federal holiday.

Fees Associated With Transfers From PayPal

While PayPal doesn't charge you to make a transfer, check with your banking institution. Depending on your account type, you may encounter charges from your bank for electronic transfers.

To accelerate the process, request an instant transfer and pay the associated fee. Instant transfers from PayPal to your bank account typically take a few minutes.

When PayPal Intervenes During Transactions

PayPal reserves the right to stop or stall transactions if they suspect suspicious activity. You'll need to reach out to customer support and deal with the issue directly in those cases.

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Do you need to transfer money to your friends and family abroad? One of the easiest ways to do so is through PayPal. Though PayPal is more well-known as an online payment service provider, you can also use it as a money transfer platform. Although it’s free to use locally, using PayPal can be quite expensive when sending money abroad. To give you an idea on Paypal’s funds transfer service, we’ve laid out some information below on how you can do it and how to transfer money from PayPal to bank account.

Sending money with PayPal

It’s easy and straightforward to send money to a bank account through PayPal. Though it’s free to transfer money locally, PayPal may not necessarily be the cheapest option when sending funds overseas.

PayPal collects fees from the sender’s payout amount and adds a markup on the exchange rate. As a sender, you’ll be charged for both the service and conversion fees, so you’ll end up paying more, but your receiver will end up getting less.

Using remittance services like Kabayan Remit will cost you less. Kabayan Remit offers competitive service fees and very minimal markup on the exchange rate, so you’ll get more from your money’s worth. See for yourself using both companies’ calculator:

For more information on PayPal’s fees, click here.

If you wish to send money using PayPal, here’s how to transfer money from PayPal to bank account.

How to transfer money from PayPal to bank account

There are different ways on how to transfer money from PayPal to bank account. You can do so either on their website or mobile app.

Once you’ve linked your bank account to your PayPal account, it’s quick and easy to withdraw your PayPal balance. Here’s how:

How to transfer money from Paypal to bank account using the website

Go to Paypal.com and log in to your account.
Go to the “Wallet” tab on top of the page.
Click the “Transfer Money” button.
Select “Transfer to your bank”.
Choose the bank you wish to transfer the funds to, then click “Next”.
Enter the amount you’re sending then click “Next”.
Review the transaction details then click “Transfer Now”.

How to transfer money from Paypal to bank account using the mobile app

Download the PayPal mobile app and log in to your profile.
Go to “My Wallet” and click “Transfer Money”.
Click “Transfer to your bank” then select the bank you’re sending the money to. Then, click “Next”.
Enter the amount you wish to transfer then click “Next”.
Check the transfer details and once ready, click “Transfer Now”.

Paypal international money transfer

If you’re in the UK and send money from PayPal to a UK bank account, the transfer will be free of charge. However, when you transfer funds to a bank account abroad, there are fees associated with every transaction.

PayPal includes a conversion fee on the currency exchange, which is about 2.5% to 4%, and it can vary depending on the transaction. This currency conversion fee is then added on top of the transaction fees they charge.

In the end, you’ll be paying more than what you might have anticipated.

Another factor to consider when making international transfers with PayPal is the time it takes to process the transaction. They have a cut-off time on the weekdays at 7:00 PM ET. Transfers made after the cut-off time, as well as on weekends and bank holidays, may take longer.

If you wish to transfer money overseas, remittance providers like Kabayan Remit turn out to be a better option.

Why use Kabayan Remit?

Kabayan Remit offers money transfer services from the UK to the Philippines, making it easier and more affordable for Filipinos to send money back home.

Here’s why Kabayan Remit is a better alternative to PayPal when sending money from the UK to the Philippines:

Higher exchange rates and low fees. Kabayan Remit adds little to no markup on the exchange rate, with set fees for every amount transferred.
No hidden fees. You’ll know exactly how much you’re paying before you send your transfer. (Check calculator.)
Instant money transfer. Funds can usually reach your beneficiary within an hour.
24/7 bilingual customer support. You can speak to our bilingual customer service specialists whenever you need assistance.
Flexible delivery and payment methods. Choose from a variety of payment (debit card or online bank transfer) and delivery methods (credit to bank account, deposit to cash pickup outlet, door to door delivery).

Can I transfer money from my PayPal to someone else's bank account?

You can send money from your PayPal account, checking account, debit card, or credit card. Plus, you won't need to provide the recipient's bank details. You just need their PayPal email address to carry out a transaction.

Can I send money to a bank account using PayPal?

How to transfer money from Paypal to bank account using the mobile app. Download the PayPal mobile app and log in to your profile. Go to “My Wallet” and click “Transfer Money”. Click “Transfer to your bank” then select the bank you're sending the money to.

How do I transfer money from my PayPal account to someone else?

PayPal to PayPal.

Enter the email address of the PayPal account to which you are transferring the money..

Enter the amount you wish to transfer..

Select the “I'm sending money to family or friends” option..

Can I send money from PayPal to someone who doesn't have PayPal?

You can send money to almost anyone anywhere around the globe, anytime – even to someone without a PayPal account. However, to access the money, the recipient must have a PayPal account. When PayPal notifies the recipient that money has been sent, simple instructions on how to open a PayPal account are also included.