To withdraw money from your PayPal account, you’ll need to transfer it to a linked bank account or debit card. Here’s how: Go to your PayPal Wallet, select “Transfer Money”, then choose “Transfer to your bank”. Follow the instructions to select your transfer speed (instant or standard) and complete the process.
Detailed Steps:
1. Go to your PayPal Wallet:
Access your PayPal account on the website or mobile app and navigate to the “Wallet” section.
2. Select “Transfer Money”:
Find and click on the “Transfer Money” option, which initiates the withdrawal process.
3. Choose “Transfer to your bank”:
Select the option to transfer funds to your bank account or an eligible debit card.
4. Choose Transfer Speed:
You can typically choose between “Instant Transfer” (may incur a fee) or “Standard Transfer” (usually free).
5. Follow Instructions:
Complete the remaining on-screen instructions, which may include confirming the amount and reviewing the transaction details.
Important Considerations:
Fees:
Check for any potential fees associated with your chosen transfer speed, particularly for instant transfers.
Transfer Time:
Standard transfers can take 1-3 business days, while instant transfers may appear in your account within minutes, though processing times can vary by bank.