No, you only need a PayPal Personal account. If you want to transfer the money you receive, just add a bank account to your PayPal account.
Do I need a bank account, debit card, or credit card to set up my Money Pool?
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Money Pools Overview and Frequently Asked QuestionsMoney Pools are an easy and fast way to collect money with friends. Whether you need to raise money for a holiday, a group gift, or for regular shared expenses, just create a Money Pool and share it with your friends and family. Please note that you’re responsible Why do I need to create a PIN for Samsung Pay?Just like with any debit card, you may need to enter a PIN in the payment terminal to authorize certain payments. You can set or change your PIN in the Samsung Pay section of the PayPal app on your mobile device or from PayPal.com. Need more help? Why Why do I need to create a PIN for Google Pay?Just like with any debit card, you may need to enter a PIN in the payment terminal to authorize certain payments. You can set or change your PIN in the Google Pay section of the PayPal app on your mobile device or from PayPal.com. Need more help? How Common questions about issuing refundsWhy was the refund I issued taken out of my bank account? When you send a refund we’ll always first attempt to debit it from your PayPal balance. If you don’t have enough money in your account, the entire refund will be issued from the primary bank account How do I request a refund?You can request a refund of a completed payment by sending the seller an email. Ask the seller to go to the Transaction Details page for your transaction and click Issue a refund. You can request a refund up to 180 days after you pay for your item. How do I change my payment preferences for in-store checkout?In-store acceptance methods mobile phone number + PIN & the payment code feature in the PayPal Mobile app will no longer be available in the US after March 31st, 2018. Going forward, PayPal will continue to innovate and provide you with new payment choices at your favorite stores. Venmo paymentsVenmo is a social payments service used by millions of people to make and share payments with friends, family, and select approved businesses. It’s similar to PayPal, but is unique in that Venmo allows users to share and like payments and purchases through a social feed. The service
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