Transfer PayPal balance to bank account

by Johannes

You can have your PayPal balance paid out to your bank account at any time. There are various options available to you for this:

Transfer your PayPal balance to your bank account: This is how it works with the app

You can use the following steps in the PayPal app to request that your balance be debited.

  • First, open the PayPal app on your smartphone or tablet and log in.
  • Click on your balance on the start page to expand the view.
  • Then select Debit☻ Debit money.
  • In the next step, specify the transfer amount under Transfer amount. You must also choose between a quick transfer with a 1% fee or a free transfer with a longer duration.
  • Check the account to which your money should be posted. By clicking on Change, you can choose between your saved bank accounts or add a new account.
  • Finally, confirm below with Debit to give PayPal the order. Depending on the type of transfer, your money will arrive in your account in a few minutes or in 1 to 2 working days.

Transfer PayPal credit via website: These are the steps

In addition to the app, you can also use the PayPal website to withdraw your balance. To do this, proceed as follows:

  • Open the PayPal website and log in to your account
  • Click on Wallet in the top bar to view your balance.
  • In the next step, select Deposit or withdraw money ☻ Withdraw money.
  • Under Debit amount, enter your desired amount.
  • Then select the type of transfer and change your payment account by clicking on Change if necessary.
  • Confirm your order by clicking on Debit to place the order.

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