In this video tutorial you will learn How To Transfer Money From PayPal To Your Bank.
In this video, you’re going to learn exactly how to get money out of your PayPal account and transferred to your bank account for free. The first step here we is to visit www.paypal.com. You’ll want to come up to the top right corner and click log in. After entering your email address and password, click log in.
Now PayPal’s been hitting people with different cash rewards benefit programs – ignore those ads and click proceed to account overview. Here you can see your balance that you will be able to transfer out of your PayPal account. Click the button that says transfer money.
Now, you should see the option to transfer money to your bank, transfer abroad, or request a check by mail. We want to get this money out of PayPal into our bank. We’re going to be clicking transfer to your bank. All right. Now you have the ability to speed transfer it (if you need the cash real quick but you will have to pay a fee). In this case, it’s a $12 fee but that might be different depending on where you are and how much money is in your account. You will also have the ability to initiate a free transfer that could take 1-3 days to process. Since it is free, that is the option that we’re going with. Now, if you want to leave some money in PayPal, you can change and customize this amount on desktop just by highlighting the amount and changing it.
Now let’s talk about the bank. You can go ahead and click the button that says “change bank information” to change your bank information. If you don’t have any bank information plugged into PayPal already, you will be able to add new bank information.
After entering and/or updating your bank information, you will be able to see a preview of all the accounts available for you to initiate a transfer to. You can also click link a bank account to enter your username and password if you use online banking – this process is shorter and will easily allow you to transfer money from your PayPal account to your bank.
If you don’t have online banking through your branch, you can add your routing number and account number manually. All you’re gonna need to do is select either the free or paid option to initiate the transfer and your money is on the way!
PayPal’s has been offering credit rewards programs and referral codes. Before signing up, we recommend reading the terms & conditions. If not, always remember to click not now – that’s it. You can see that the PayPal balance we now have is $0 which means the money is on its way! Hope you guys enjoyed this quick tutorial and drop your questions in the comment section below.
