Alright, let's get your bank account linked to your PayPal! It's a pretty straightforward process, and once it's done, you'll be able to easily send and receive money, as well as make purchases online.
Ready to connect your bank to PayPal? Let's dive in!
Step 1: Logging into Your PayPal Account
First things first, you'll need to access your PayPal account.
- Open your web browser (like Chrome, Firefox, Safari, or Edge).
- Go to the PayPal website: ***
www.paypal.com - You'll see two buttons in the top right corner: "Log In" and "Sign Up." Click on "Log In."
- Enter the email address or mobile number associated with your PayPal account in the designated field.
- Next, type in your password in the password field.
- Finally, click the "Log In" button.
Once you've successfully logged in, you'll be taken to your PayPal account summary page.
Step 2: Navigating to the "Banks and Cards" Section
Now that you're in your account, you need to find the section where you can link your bank.
- Look for the "Wallet" tab or link. It's usually located at the top of the page, often next to "Summary" or "Activity." Click on "Wallet."
- On the Wallet page, you'll see options for "Cards" and "Banks." Click on "Banks."
You might also find a link like "Link a bank account or card" directly on your summary page or within the Wallet section.
Step 3: Initiating the Bank Linking Process
You're almost there! Now, let's tell PayPal you want to add a bank account.
- On the "Banks" page, you'll likely see a button that says "Link a bank account" or something similar like "+ Link a bank." Click on this button.
Step 4: Providing Your Bank Account Details
This is where you'll enter the necessary information about your bank account. Make sure you have your bank account details handy.
- Country: First, you might be asked to select the country where your bank is located. Ensure you choose the correct country.
- Bank Name: You might see a list of popular banks. If your bank is listed, you can select it. If not, there might be an option to search for your bank or enter the details manually.
- Account Type: You'll need to specify the type of your bank account. Common options include:
- Checking Account (Current Account)
- Savings Account
- Routing Number (Bank Code): This is a unique number that identifies your bank. It's usually a 9-digit number in the United States. In India, this might be the IFSC code. Make sure you enter this correctly. You can usually find this on your checks, bank statements, or your bank's website.
- Account Number: This is your personal bank account number. Double-check that you've entered it accurately.
Important Note: PayPal takes security very seriously. Your bank account information is encrypted to protect your privacy.
Step 5: Agreeing and Linking
After you've entered all the required information, carefully review the details you've provided to ensure they are correct.
- You'll likely see a button that says "Agree and Link," "Link Bank," or something similar. Click on this button to proceed.
Step 6: Confirming Your Bank Account (If Required)
In some cases, PayPal might require you to confirm your bank account to verify that you are the rightful owner. This is usually done in one of two ways:
Sub-heading: Instant Bank Verification (Using Online Banking Credentials)
- PayPal might offer an option to instantly verify your bank account by logging into your online banking portal through a secure connection.
- If this option is available, you'll be prompted to enter your online banking username and password.
- PayPal will then securely verify your account details with your bank.
- Once verified, your bank account will be linked.
Sub-heading: Micro-Deposits
- If instant verification isn't available or you choose not to use it, PayPal will send two small deposits (usually a few cents each) to your bank account.
- These deposits will typically appear in your bank account within 1-3 business days.
- Once you see these deposits, log back into your PayPal account.
- Go back to the "Wallet" section and click on the bank account you just linked.
- You'll be prompted to enter the exact amounts of the two micro-deposits you received.
- Enter the amounts accurately and click "Confirm."
Once your bank account is confirmed (if required), it will be successfully linked to your PayPal account. You'll usually receive an email notification from PayPal confirming the linking.
Step 7: Using Your Linked Bank Account
Congratulations! Your bank account is now linked. You can use it for various PayPal transactions:
- Sending Money: You can send money to friends, family, or businesses directly from your bank account.
- Receiving Money: Funds sent to your PayPal account can be withdrawn to your linked bank account.
- Making Purchases: You can use your linked bank account to pay for goods and services online where PayPal is accepted.
Remember to check your PayPal account settings and preferences to manage your linked bank account and set it as a preferred payment method if desired.
Frequently Asked Questions (How to...)
How to check if my bank account is linked to PayPal?
Quick Answer: Log in to your PayPal account, go to "Wallet," and under "Banks," you'll see a list of your linked bank accounts.
How to remove a bank account from my PayPal?
Quick Answer: Go to "Wallet," click on the bank account you want to remove, and then click "Remove bank." Confirm your decision.
How to change the primary bank account on my PayPal?
Quick Answer: In your "Wallet" under "Banks," select the bank account you want to make primary and click "Make primary."
How to troubleshoot if my bank account linking fails?
Quick Answer: Double-check your bank account details (routing number, account number), ensure the name on your bank account matches your PayPal account, and contact PayPal support if the issue persists.
How to find my bank's routing number?
Quick Answer: You can usually find your routing number on your checks, bank statements, or your bank's website.
How to find my bank's IFSC code (for Indian banks)?
Quick Answer: Your bank's IFSC (Indian Financial System Code) is usually printed on your checkbook, bank statements, or available on your bank's website and the Reserve Bank of India's website.
How to link a bank account in a different country to my PayPal?
Quick Answer: Generally, you can only link bank accounts that are located in the same country as your PayPal account.
How to verify my bank account if micro-deposits haven't arrived?
Quick Answer: Allow 1-3 business days for the micro-deposits to appear. If they don't, double-check your bank account details in PayPal and contact PayPal support for assistance.
How to use my linked bank account to send money?
Quick Answer: When sending money, you'll have the option to choose your linked bank account as the funding source during the payment process.
How to withdraw money from PayPal to my linked bank account?
Quick Answer: Go to "Wallet," click "Transfer Money," select "Withdraw to your bank account," choose your linked bank, enter the amount, and click "Continue."