Can I use PayPal to transfer money from one bank to another?

You can transfer funds between two PayPal accounts that you own, it would follow the same steps as if you were to send money to another person. When transferring between two accounts you control it’s suggest you select Personal Payment and you can notate that you are completing a balance transfer between both accounts.

There’s no charge to withdraw money from your PayPal balance to your local bank account. Some banks may charge a fee for transfers. Contact your bank directly for more information. Depending on the bank, it can take 3-4 business days for your money to appear in your bank account.

Six-digit sort code of the account you’re paying. Eight-digit account number of the account you’re paying. A payment reference (often your name or customer number) to let them know the money came from you. Sometimes you’ll need the name and address of the bank you are sending the money to.

Transfer by PayPal. Simply add both bank accounts to your PayPal account. (This may take a few days as you wait for PayPal to verify your account by putting two small deposits in your bank account that you can verify.) Then, choose the bank you would like to withdraw money from and send to PayPal.

For IMPS using Account Number and IFSC:

Login to www.icicibank.com.

Go to Payments & Transfer.

Select Transfer Funds to Other Bank Accounts.

Select Payee from the list of registered Payees.

Enter details like Transaction amount, Transaction remarks.

Enter Your ATM/Debit Card Grid value.

Add beneficiary in SBI

Assuming that you already registered for Online Banking. Login to your Internet Banking account.

Before you transfer funds to another account you will have to add them as beneficiary.

Enter details like Name, Account number, branch address or IFS code.

You will get OTP on your register mobile no.

Wire Transfers. A wire transfer is the best way to transfer money to another account when time is of the essence. The main drawback is cost: You’ll pay a fee, often around $40. To complete a wire transfer, you need to provide the same information needed for bank-to-bank ACH transfers (routing and account numbers).

PayPal launching instant money transfers directly to bank accounts. While PayPal offers a debit card for business customers to be able to access their funds directly, most users transfer the funds directly to their bank account, which can typically take two or three business days.

B. Using your bank account:

Click Transfer to your bank below your PayPal balance.

Select where you’re transferring the money from, and then select to where you’re transferring the money.

Choose the amount you want to transfer.

Click Continue.

Review your request, and then click Transfer.

Unfortunately you cannot directly transfer funds to someone else’s bank account. Nor can you link someone else’s bank account to your PayPal Account. What you can do is send the money to their PayPal Account, they then have the option to do the transfer or withdraw to their own bank account.

I too think this is way too long a time period for them to take in transferring money. I have a tenant who pays her rent via paypal each month. It takes 3-5 days for the money to appear in my paypal account and then another 3-5 days for it to transfer out and hit my bank account. This means it could be up to 10 days.

To withdraw money to a UK bank account:

Go to Summary.

Below your PayPal balance, click Withdraw money.

Select where you’re transferring the money from, and then select the bank account.

Choose an amount you want to transfer.

Click Continue.

Review your request, and then click Transfer.

Re: Transferring money from PayPal to bank account. When you initiate a transfer to your bank account, the amount of time it takes for the funds to appear in your account is between 2 and 4 days.

When you send an Instant Transfer, money is securely transferred from your U.S. bank account to your recipient’s PayPal account, usually within 30 minutes. To make an Instant Transfer, you must have a debit or credit card linked to your PayPal account to act as a backup payment method.

Insert your ATM card.

Enter your Personal Identification Number (PIN).

Select Fund Transfer.

Select Transferee Bank.

Enter the account number of the account you wish to transfer funds to.

Select type of bank account to be used (Savings or Current)

Enter the amount you want to pay.

Don’t forget your transaction receipt.

Here’s how to add money from your confirmed bank account:

Log in to your PayPal account.

Click Add money under your PayPal balance.

Select your bank account (if you have more than one), enter the amount to transfer and click Add.

Square Cash, Jack Dorsey’s rival to the popular money-transfer app Venmo, is still a money-loser. It is trying to change that. Starting today, people who receive a payment via Square Cash can cash out the money to a bank account instantly if they’re willing to pay a 1 percent fee.

Withdraw PayPal funds to your prepaid credit card by clicking on the “Withdraw” link under the “My Account” tab. Select the “Transfer Funds to Bank Account” in the drop-down menu. Choose the account that your prepaid credit card is listed under from the “To” menu and then the amount you would like to transfer.

Transfer money from your bank account.

Log into PayPal and click the “Add Money” icon, found under your PayPal balance.

Select the bank account you want to transfer from and enter the amount. Click “Add.”

Here’s how to send an Instant Transfer using your U.S. bank account:

Click Send & Request near the top of the page.

Enter the email address or mobile phone number of your recipient.

Enter the amount you want to send, and then click Continue.

Click Change under Payment Method on the Send Money page.