Link A Bank Account to Your PayPal Account

Sep 07 2021 | PayPal editorial staff

Linking a bank account allows you to withdraw the money you receive.
So you've signed up for your PayPal account and may have linked your credit or debit card to skip the hassle of typing your financial details each time you pay online. With PayPal, you can also add a bank account to withdraw any funds sent to your account.
 

Linking Your Bank Account

 

Step 1: Link a new bank account


Presentation image: Link a Payment method : 1) Link a Credit card or 2) Link a Bank account

To start linking a new bank account, look for Wallet on the top bar, which will bring you to an overview of your current PayPal balance, as well as any linked credit or debit cards. Simply click on Link a bank account to start the process.
 

Step 2: Add in your bank account details


Presentation image: Add Bank Account details - Link a Bank Account form

We will require the bank name, bank code and your bank account number. Double check that the names on your bank account and PayPal account match, to avoid having to pay a fee for returned withdrawals.
 

Step 3: Your Bank Account is now linked!


Presentation image: Your Bank Account is now linked message


And that's it, you're done! You can now use your account to pay for your online purchases, and withdraw PayPal funds to your bank account in full.
 

Withdrawing payments to your bank account


To withdraw funds from your PayPal balance to your bank account, simply go to your payment dashboard under Wallet.

Presentation image: My Account Dashboard > Wallet Tab

Look for Withdraw funds on the left of the page, and enter the amount you wish to withdraw before clicking Continue. Remember, a withdrawal request cannot be cancelled once it has been made, so review it carefully before you confirm it.

Adding a bank account to make payments and to withdraw the funds you receive is just one of the many ways you can use your PayPal account. You can find out more on how to make the best out of your account, or simply start shopping now.
The contents of this site are provided for informational purposes only. You should always obtain independent, professional accounting, financial, and legal advice before making any business decision.
The contents of this site are provided for informational purposes only. The information in this article does not constitute legal, financial, IT, business or investment advice of any kind and is not a substitute for any professional advice. You should always obtain independent, professional accounting, financial, IT and legal advice before making any business decision.