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How to Transfer Money from PayPal to Bank Account

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You are viewing the article How to Transfer Money from PayPal to Bank Account  at Tnhelearning.edu.vn you can quickly access the necessary information in the table of contents of the article below.

In this article, the wikiHow will show you how to transfer money from your PayPal account to your personal bank account and other people’s bank accounts. Unfortunately, you cannot transfer money directly from a PayPal account to someone else’s bank account.

Withdraw from PayPal (iPhone/Android)

Open the PayPal app. The app has a white “P” icon on a blue background.
Select Log In . You will see this option in the bottom left corner of the screen.
Enter your email address and password. Click Log In when done.

  • If your PayPal account accepts Touch ID, you can scan your fingerprint to open PayPal.
Select Manage Balance . This option is located at the very top of the page, showing your current balance.
Select Transfer to Bank . This option is located in the bottom right corner of the screen.

  • You cannot see this option if your PayPal balance is less than 1$ (22000VND).
Enter the amount you want to withdraw. There is no decimal point typing button on the PayPal keyboard, you need to add 2 zeros at the end of the amount you want to withdraw.

  • For example, if you want to withdraw 3$ (~70000VND), enter “300”.
  • You must withdraw at least 1$ (22000VND).
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Click the Next button. This button is located at the bottom of the screen.
Select Withdraw . This option is located at the bottom of the screen. This is to transfer the amount you just entered from PayPal to your bank account.

  • The money order will be processed the next day if you send the order before 7pm (ET), sometimes it will take longer if you send the order on weekend or holiday. [1]

Withdraw from PayPal (Computer)

Open PayPal’s website . Since PayPal is essentially a banking service, you need to log in to view your PayPal account.
Click Log In . This button is located in the upper right corner of the screen.
Enter your email address and password. You type in the field in the middle of the screen. When done, click Log In below the password field to log into your account.
Click on My PayPal (My PayPal). This button is located in the upper right corner of the screen. This is to access your account page.
Click Transfer to your bank . This link is under the “PayPal Balance” window on the left side of the screen.
Enter the amount you want to withdraw. You enter the number in the field in the center of the screen.
Click Continue . This button is located at the bottom of the screen.
Click on Transfer . This is a transfer of money to a bank account. As long as you execute the order by 7pm (ET), the money will be transferred to your account the next day.

Send Money with PayPal (iPhone/Android)

Open the PayPal app. The app has a white “P” icon on a blue background.
Select Log In . You will see this option in the bottom left corner of the screen.
Enter your email address and password. Click Log In when done.

  • If your PayPal account accepts Touch ID, you can scan your fingerprint to open PayPal.
Select Send Money . This button is in the “Send and Request” section in the middle of the screen.

  • When sending money from PayPal, the money will be withdrawn from your bank account if PayPal has no balance.
Enter the contact’s email address or phone number. You type in the field at the top of the screen.

  • If this is your first time depositing, click Let’s get started! (Start) at the bottom of the screen.
  • You can tap the contact name below the search field if available.
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Tap a person’s name. If the person you’re typing in has a PayPal account, their name will appear in the search field.
Tap the payment option. You have 2 payment options:

  • Friends and Family – Personal payments; PayPal does not charge a fee for this payment.
  • Goods and Services – Payments related to the business; PayPal collects 2.9% of the amount you send, plus an additional 30 cents (about 7000VND).
Enter the amount you want to send. There is no decimal point button on the PayPal keyboard, you need to add two zeros at the end of the amount you want to withdraw.
Click the Next button. This button is located at the bottom of the screen.
Select Send now . This option is located at the bottom of the screen. This is to send the amount you just entered to the person you choose.

  • You can see where the money was sent from (for example, from a bank account or a PayPal account) at the bottom of the screen.
  • If you want to add a note to the payment, select Add a note at the top of the screen, enter the note, and tap Done .

Send Money with PayPal (Computer)

Open PayPal’s website . Since PayPal is essentially a banking service, you need to log in to view your PayPal account.
Click Log In . This button is located in the upper right corner of the screen.
Enter your email address and password. You type in the field in the middle of the screen. When done, click Log In below the password field to log into your account.
Click on My PayPal (My PayPal). This button is located in the upper right corner of the screen. This is to access your account page.
Click Pay or send money . You’ll see this option at the top of the screen, just below the magnifying glass icon.
Click the payment type. You have 2 payment options on this page:

  • Pay for goods or services – The recipient will pay a fee of 2.9% of the amount, plus 30 cents (about VND 7000).
  • Send money to friends and family – This transaction is free for both you and the recipient.
Enter your email address, phone number, or name. You enter content in the search field at the top of the page. What you enter here is relevant to the person you want to transfer money to.

  • You can click on the contact name below the search bar if available.
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Click Next . This button is to the right of the text field.

  • If you click on the contact name, you can skip this step.
Enter the amount you want to send. You enter the amount in the window in the middle of the page.

  • You can click in the Add a note field to write a note here.
  • If you want to change the currency, click in the dialog box below the amount and select a currency.
Click Continue . This button is located at the bottom of the screen.
  • Click on Send Money Now . This button is located at the bottom of the screen. This is to send the amount you just entered to the person you choose. They have to accept your deposit before the money can be withdrawn from the account.

    • Advice

    • PayPal automatically logs you out of your account when you close the app.

    Warning

    • If you intentionally transfer an amount larger than your current balance to a bank account, your PayPal account may be frozen.

    In this article, the wikiHow will show you how to transfer money from your PayPal account to your personal bank account and other people’s bank accounts. Unfortunately, you cannot transfer money directly from a PayPal account to someone else’s bank account.

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