Alright, let's get your TD Bank account linked to your PayPal! It's a pretty straightforward process, and once it's done, you'll be able to easily transfer funds between the two.
Step 1: Let's Get Started - Accessing Your PayPal Account
First things first, grab your laptop, tablet, or phone and head over to the PayPal website or open your PayPal app. Go ahead and log in using your email address and password. I'll wait right here while you do that. Ready for the next step?
Step 2: Navigating to the 'Wallet' Section
Once you're logged in, you need to find the section where you manage your linked accounts and cards. This is usually called your 'Wallet'.
Finding the 'Wallet' on the Website:
- Look for a tab or link labeled 'Wallet' at the top of the page. It's often located between options like 'Summary' and 'Activity'.
- Click on the 'Wallet' tab. This will take you to a page where you can see your linked cards, bank accounts, and PayPal balance.
Finding the 'Wallet' on the Mobile App:
- On the PayPal app, you'll typically find a 'Wallet' icon at the bottom of the screen. It often looks like a small card or a stack of cards.
- Tap on the 'Wallet' icon to access your linked payment methods.
Step 3: Linking Your Bank Account
Now that you're in the 'Wallet' section, it's time to add your TD Bank account.
Adding a Bank Account on the Website:
- Look for an option like 'Link a bank account' or '+ Link a bank or card'. Click on this option.
- You'll then be presented with a choice: 'Link a bank account' or 'Link a card'. Select 'Link a bank account'.
- PayPal will ask you to search for your bank. Type 'TD Bank' into the search bar and select it from the results.
- You'll now have two ways to link your bank account:
- Instant Bank Linking (Recommended): This is usually the faster and easier option. PayPal will use a secure third-party service to verify your bank account details instantly. You'll likely be asked to enter your TD Bank online banking username and password. Don't worry, PayPal doesn't store this information.
- Manual Linking: If you prefer not to use instant linking, or if it's not available for TD Bank at the moment, you can choose to link your bank manually. You'll need your TD Bank routing number and account number. You can usually find these on your checks or by logging into your TD Bank online banking. PayPal will then send two small test deposits to your bank account (usually between $0.01 and $0.99). You'll need to verify these amounts in your TD Bank account within a few days to confirm the link.
Adding a Bank Account on the Mobile App:
- Tap on the '+' icon or a button that says 'Link a bank or card'.
- Select 'Bank Accounts'.
- Search for 'TD Bank' in the search bar and select it.
- You'll be presented with the same options as on the website: Instant Bank Linking and Manual Linking. Follow the on-screen instructions for your preferred method, providing either your online banking credentials or your routing and account numbers.
Step 4: Confirming Your Bank Account (If You Chose Manual Linking)
If you opted for the manual linking process, you'll need to confirm the test deposits PayPal sends to your TD Bank account.
- Check Your TD Bank Account: Within 2-3 business days, log in to your TD Bank online banking or check your bank statement for two small deposits from PayPal. Note down the exact amounts of these deposits.
- Confirm on PayPal: Go back to your PayPal account and navigate to your 'Wallet'. You should see your pending TD Bank account. Click on it or look for a 'Confirm bank' option.
- Enter the Deposit Amounts: You'll be prompted to enter the exact amounts of the two test deposits you received from PayPal. Enter them carefully and click 'Confirm'.
Once confirmed, your TD Bank account will be successfully linked to your PayPal account! You'll now be able to use it for sending and receiving payments, as well as for withdrawing funds from your PayPal balance.
Step 5: Setting Your Preferred Payment Method (Optional)
You can set your TD Bank account as your preferred payment method for purchases if you use PayPal frequently.
- In your 'Wallet', find your linked TD Bank account.
- Look for an option like 'Set as preferred' or 'Make primary'. Click on this option.
This will ensure that your TD Bank account is the default funding source when you make PayPal payments, unless you choose a different option at the time of purchase.
Frequently Asked Questions (How To...)
How to find my TD Bank routing number?
Your TD Bank routing number is usually printed on your checks. It's the nine-digit number located on the bottom left of the check. You can also find it by logging into your TD Bank online banking or contacting TD Bank customer service.
How to find my TD Bank account number?
Your TD Bank account number is also printed on your checks, typically to the right of the routing number. You can also find it on your bank statements or by logging into your TD Bank online banking.
How to troubleshoot if my TD Bank account won't link to PayPal?
Double-check that you've entered your routing and account numbers correctly. If you're using instant linking, ensure your TD Bank online banking credentials are correct. If the issue persists, contact PayPal or TD Bank customer support for assistance.
How to remove my TD Bank account from PayPal?
Go to your 'Wallet' in PayPal, find your linked TD Bank account, and look for an option like 'Remove' or 'Delete'. Click on it and follow the on-screen instructions to unlink your account.
How to change the bank account linked to my PayPal?
You'll need to remove the old bank account first (as described above) and then add the new bank account following the steps outlined earlier.
How to verify my manually linked TD Bank account on PayPal?
Check your TD Bank account for the two small test deposits from PayPal (usually within 2-3 business days). Then, go to your 'Wallet' in PayPal, select your pending bank account, and enter the exact amounts of those deposits to confirm.
How to use my linked TD Bank account to send money on PayPal?
When sending money, you'll be asked to choose your payment method. Select your linked TD Bank account from the options.
How to withdraw money from my PayPal balance to my linked TD Bank account?
Go to your 'Wallet' and look for an option like 'Withdraw Funds' or 'Transfer to bank'. Select your linked TD Bank account and enter the amount you want to withdraw.
How to see if my TD Bank account is successfully linked to PayPal?
In your 'Wallet', your TD Bank account should be listed under 'Banks' without any pending verification notices. It should say something like 'Confirmed' or 'Linked'.
How to contact PayPal or TD Bank support if I have issues linking my account?
You can find PayPal's contact information on their website under 'Help' or 'Contact Us'. For TD Bank support, visit their website or call their customer service number.