How Does PayPal Draw Money Directly from Your Bank Account?

[Kelley Wheeler]

PayPal is one of the world’s most utilized payment services online, enabling users to transfer and receive money, purchase items and even withdraw it directly into a bank account of their choice. But how does PayPal money directly from your bank account? Using PayPal online purchases or sending cash transfers requires understanding how it interacts with each of the banks, you use.
Moreover, the PayPal’s ability to connect directly with bank accounts provides an efficient means of handling everyday transactions, making the service quite appealing. But new users can sometimes find its use confusing and find themselves questioning how money is taken out from their account at the bank and the steps taken for smooth transactions. So, let’s begin and learn more about the steps to draw money directly from or bank account on PayPal.

How to Withdraw Money from PayPal Account?
Transferring money directly from PayPal to bank account is quite simple. PayPal provides two methods for you to withdraw funds: standard or instant transfer. Before you withdraw funds from PayPal account, you must link a bank account with it. After that you withdraw money from PayPal account by taking the steps mentioned below:
Log into your PayPal account, then navigate through your Wallet.
Select “”Transfer Funds.”” “”Transfer Funds.”” option.
Select your bank account and the amount to transfer.
Select either Standard Transfer or Instant Transfer according to your needs and requirements.
Simply confirm the transaction and you can process your money.

How Can I Link My Bank Account to My PayPal Account?
Integration between your bank account and PayPal is an easy process, here is how you can do it:
Go to either PayPal’s mobile or web website and sign in.
Select “”Wallet”” on the main screen.
Click “”Link to a Bank Account,”” enter your bank account information including account number and routing number.
PayPal will require additional information to validate your bank account, such as small deposits (typically cents).
PayPal will make two small transfers to the bank account of your choice and, to complete verification, you should examine your bank statements for any evidence of these deposits and enter them into PayPal as needed.
As soon as your bank account is connected and verified, PayPal allows you to instantly transfer funds between accounts at any time.

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