How do I link a bank account to my PayPal account? (2024)

FAQs

How do I link a bank account to my PayPal account? ›

Linking Your Bank Account

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

Linking Your Bank Account

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

Here are some possible reasons why you couldn't add your bank to your PayPal account: The account must be with a U.S. bank. The name on the bank account must match the name on the PayPal account. You can't link a bank account to more than 1 PayPal account at a time.

Wondering if it's safe to link your bank account or your debit card to PayPal? It is safe to link PayPal to your bank account or debit card, but, for insurance reasons, it's usually better to use a credit card when making online purchases.

Click on the Money tab and Link a Bank Account. Enter your bank account information and select continue. To verify your account, we'll make two small deposits (less than $1 each) into the bank account provided. This usually takes approximately 3-5 business days.

PayPal works as an intermediary between you and a bank. A user adds a bank account or credit/debit card to the PayPal system, and whenever they're making an online payment, they can select which account to debit. All transactions are processed through PayPal, instead of your bank.

You may be able to use PayPal to receive money without adding a bank account or card. You'll simply need to verify your email to get your payment². However, as the usual way you verify your account is by adding your bank, credit or debit card, you might find that your access to some services is limited in this case.

To protect your privacy, your card issuer doesn't tell PayPal why your card was declined. Here are the most common reasons: Your card details are outdated. Make sure the card isn't expired or closed, and the billing address on your PayPal account matches the one on your card statement.

Is it better to link bank account or credit card to PayPal? ›

Linking your credit card to your PayPal account can offer a smooth and safe checkout experience. PayPal's end-to-end encryption, two-factor authentication and other security features can help protect your card information.

There may be a limitation on your PayPal account that prevents the transfer. Remove the limitation to restore your full account functionality. Your debit card or bank account may not be eligible to process the instant transfer. Select a different bank or card that supports instant transfer from PayPal.

Go to Wallet. Click Transfer Money. Click Request a check by mail (fee applies for PayPal personal accounts without a linked Balance Account).

The Standard transfer to your bank typically completes in 1 business day, but depending on your bank's clearing process, it may take 1 to 3 business days. Keep in mind that holidays aren't business days. Standard transfers to your eligible debit card take approximately 48 hours.