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Help Centre > My Account/Account status > When will my bank account be ready to use?

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When will my bank account be ready to use?

If you’ve recently initiated the process of adding your bank but haven’t completed the confirmation process, you won’t be able to move money from your bank account to your PayPal account. We ask that you confirm your bank account to let us know that you’re the real account owner.

When you initiated the process of adding your bank, we sent 2 small deposits (each between $0.01 and $0.99 USD) to the bank account you wanted to confirm.  

If it’s been 2-3 business days since you added your bank, you’ll need to check your bank statement or contact your bank to find out the exact amounts of these deposits. With this information, you can complete the confirmation process online.

Once you obtain the amounts of the two small deposits, you’ll need to enter those into your account to complete the confirmation process online:
  1. Log in to your PayPal account.
  2. Click Wallet at the top of the page.
  3. Click the bank you want to confirm
  4. Enter the exact amounts of the 2 deposits made to your account, then click Submit.
Note: The small deposits are temporary and will eventually be debited from your bank account.
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