Yes, you can transfer money from your PayPal account to your bank account at any time by just logging into your PayPal account and undertaking some very basic steps.
This is known as a withdrawal. To withdraw funds from your PayPal account to your bank account, you’ll need to have a linked and confirmed bank account.
Some Very Important PayPal Information to Note
Steps to Transfer Money From PayPal Account to Bank Account:
- Log in to your PayPal account: You need to go onto the PayPal login page and enter your email address and password in order to login into your account.
- Click on the “Withdraw” or “Transfer” button, typically found on the “Wallet” or “Balance” page.
- Select “Transfer to Bank Account.”
- Enter the amount you want to transfer.
- Choose the bank account you want to transfer the money to. This is mostly the bank account or bank card that you have linked to the PayPal account.
- Click “Continue” and then “Submit” to initiate the transfer. Do this after you have reviewed the account details making sure that it is correct. Also, take a look at the charges to be paid and make sure that you are totally alright with it before you confirm the withdrawal.
The amount of time it takes for the transfer to complete will depend on your bank’s processing times, but it typically takes 1-3 business days for the funds to appear in your bank account. Note that PayPal may charge a fee for this service, so be sure to check their fee schedule for more information.