Paypal is a widely used platform that facilitates online money transfer. You can either send or receive money by using a debit card with the help of Paypal and if you want to transfer money online, then you need to link the bank account to your Paypal account. Linking a bank account to the Paypal account makes the task quite easy to send money online. And the best thing is that, if someone sends you money through PayPal, you will be able to move it right into your bank account. You can link both i.e. either a savings or checking account to PayPal. Here, in this article, you will get to know How to link the bank account to your Paypal account. If you need any further assistance, then you can contact PayPal Help Team at Mycustomerservice.org.
Steps to add bank account to the PayPal account
You can add your bank account to the PayPal account either via PayPal.com or via Mobile app. Both ways are explained below: –
Using PayPal.com
- First of all, open PayPal in your web browser. Once you have set up a PayPal account, you can link your bank account to easily send and receive money.
- Now, click the “Login” button at the upper right corner of the PayPal website.
- Then, enter the login credentials and click on “Login” and when your username and password are accepted, you will see your PayPal dashboard.
- Then, click the “Wallet” link at the top of toolbar.
- Next, click at the “Link a Bank” button.
- Now, you need to select your bank from the list of several banks and if your bank is listed in this page, then you will be able to link your account instantly without having to type your account and routing numbers. In case, if your bank is not listed, then click “I have a different bank.”
- Now, sign in to the website of your bank.
- Click on the “Link Bank Account Screen” and choose whether your account is saving or checking. Then, enter the bank account details.
- Next, click the “Agree and Link” button.
- After clicking agree button, check your bank account in 2-3 business. For the confirmation, PayPal will try to make two very small deposits from your account between $.01 and $.99.
- After that, open your PayPal Wallet and once you see the two small deposits from PayPal, login back to PayPal and click the “Wallet” button.
- Then, select the bank account you would like to confirm. Now, you will see a screen with two blanks for entering the deposit amounts.
- Finally, enter the two deposit amounts and click the “Submit” button and once you submit the correct information, your bank account will be linked to your PayPal account. Now, you can send and receive money with this account right away.
Using the mobile application
- First of all, launch the PayPal app
- Now, sign in to PayPal using your email address and password and then tap “Login.”
- Next, tap the gear icon at the top right corner of the screen to open the Settings menu.
- Then, select “Banks and Cards” from the menu and now, you will see the “Banks and Cards” screen, where you can add and remove cards and bank accounts.
- Next, tap the “+” icon and choose “Bank Account.”
- After that, select the account type by clicking the word “Type” and choose either “Checking” or “Savings” from the menu.
- Next, enter your account information.
- Now, tap “Link this bank” and in 2-3 days, PayPal will deposit two small amounts which is between $.01 and $.99 to your bank account to verify that your account info is correct. And once these deposits appear in your account, you are ready to confirm your bank account with PayPal.
- Check your bank account in 2-3 business days. When you see the two small deposits from PayPal, you will be ready to confirm your account online.
- These deposits will be removed by PayPal shortly after verification.
- Now, sign in to PayPal on your mobile device and once you have received the two small deposits, launch the PayPal app and sign in to your account.
- Next tap the gear icon and then the settings menu will expand.
- Now, select “Banks and Cards” from the menu and you will see the new unconfirmed bank account listed here.
- Then, select your bank account from the list and have the two small deposit amounts.
- Now, tap “Status” to enter the two deposit amounts.
- Finally, tap “Submit” to confirm your account and now, this bank account is now linked to PayPal. Now you can use it to send and receive money online.
So, these are the simple steps to link your PayPal account and bank account. However, if you are finding difficulty, then you can contact PayPal Service by phone or mail.