How to Link a Bank Account to Your PayPal

So you’ve signed up for your PayPal account and may have linked your credit or debit card to skip the hassle of typing your financial details each time you pay online. With PayPal, you can also add a bank account to withdraw any funds sent to your 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.

(i) Bank Verification

(ii) Wire Transfer

We’ll need to know the country/region of your bank, and details such as the bank name, bank code, branch location, branch code, and your account number. Double check that the names on your bank account and PayPal account match to prevent paying a fee for returned withdrawals.

Tip: Remember to look out for the “secure” lock on the top right edge of the page to make sure you’re on the right page.

Once you’ve completed Step 3, please verify with UnionPay card. A verification message code will be sent via linked phone number. No deposit is required.

And that’s it, you’re done! You can now use your account to pay for your online purchases, and withdraw PayPal funds to your bank account in full.

To withdraw funds from your PayPal balance to your bank account, simply go to the same payment dashboard, click Withdraw money on the left of the page, enter the amount you wish to withdraw and click Continue. Once you’ve done that, review the details before clicking Withdraw.

Adding a credit or debit card to pay, and withdrawing funds you receive, are just examples of the many ways you can use your PayPal account. You can find out more on how to make the best out of your account, or simply start shopping now.