How to deposit and withdraw money in PayPal

PayPal allows you to receive money from other people on the internet. PayPal is a convenient method of payment since it is accepted by almost half of the online stores. PayPal also allows you to deposit and withdraw money into your account. The process is very simple and anyone can learn how to do it.

First of all, you have to login to your PayPal account. To login into your account, enter your email address and password on the login page and click on the Log In button. Once you click on the login button, you will be redirected to the account overview page.

In order to deposit funds into your PayPal, you must have a U.S. checking or savings account. Click on the Add Funs link on top. After that, select Transfer Funds from a Bank Account in the United States. If you have not added a bank account to your PayPal account, you can do so through the Add Bank Account link. To add a bank account, you must supply the bank name, bank account type, bank routing number and your savings account number. There are two types of bank account which you can add to your PayPal which are checking and savings account. After you have entered all the required information, click on the Continue button. Before you are allowed to deposit or withdraw money into the account, you must confirm it. If you already had added an account, it will be shown in the From drop down box.

To deposit funds from your bank account into PayPal, select the account from the drop down menu. Next, type in the amount you want to deposit into your PayPal account. When you are done, click on the Continue button. If you have sufficient fund in your bank account, the amount should appear in your PayPal account overview page.

To withdraw funds from your PayPal account into a bank account, click on the Withdraw link on top. After you have selected the bank account from the drop down menu, enter the amount you want to withdraw from your PayPal account. When you are done, click on the submit button. The money should be deposited into your bank account within 1 – 3 days.

If you want to withdraw money by check, you should click on the Request a Check From PayPal link. After you have entered the amount, click on the Continue button. If you request withdrawal by check, a small processing fee will be deducted from your PayPal account. The check should arrive I your mail box within 1 – 2 weeks.