If you’re new to using PayPal or have never linked your bank account to your account, it can be confusing to figure out where to start. Luckily, the process is straightforward and easy to complete. In this article, we’ll walk you through the steps to add a bank account to your PayPal account.
Why Link Your Bank Account to PayPal?
Linking your bank account to your PayPal account login allows you to transfer money easily between the two accounts. It also enables you to receive payments from others and withdraw funds to your bank account. By linking your bank account, you can also verify your account, which raises your spending limits and removes any withdrawal limits.
Step-by-Step Guide to Adding a Bank Account to Your PayPal Account
- Log in to your PayPal account: Go to the PayPal homepage and log in to your account using your email address and password.
- Click on “Wallet”: On the top menu bar, click on “Wallet.”
- Click on “Link a bank account”: You’ll see this option on the left side of the screen.
- Choose your bank: Select the option for your bank or search for it using the search bar.
- Enter your bank information: You’ll need to provide your bank’s routing number and your account number. You can find this information on a check or by logging into your online banking account.
- Confirm your information: Review the information you entered and make sure it’s accurate. Then click “Link Bank Account.”
- Wait for confirmation: PayPal login will deposit two small amounts of money into your bank account within 2-3 business days. Once you see these deposits in your bank account, return to your PayPal account and click “Wallet” > “Link a bank account” and follow the prompts to confirm the amounts.
Q: How many bank accounts can I link to my PayPal account?
A: You can link up to 8 bank accounts to your PayPal account.
Q: Can I remove a linked bank account from my PayPal account?
A: Yes, you can remove a linked bank account by going to “Wallet” > “Link a bank account” and clicking “Remove” next to the account you want to remove.
Q: Can I use a savings account to link to my PayPal account?
A: Yes, you can use a savings account to link to your PayPal account as long as it’s a U.S. savings account.
Q: What if I don’t see the two small deposits in my bank account?
A: If you don’t see the deposits in your bank account within 3 business days, contact PayPal customer service for assistance.
Q: Can I link a business bank account to my PayPal account?
A: Yes, you can link a business bank account to your PayPal account by providing your business name and EIN.
Now that you know how to link your bank account to your PayPal account, you can enjoy the convenience of transferring money easily between your accounts. By following the simple steps outlined in this article, you’ll have your bank account linked in no time.