Sending money from Varo to PayPal isn't a direct process, as Varo doesn't offer a direct integration with PayPal for outgoing transfers. However, don't worry! There are several effective workarounds you can use to get your funds from your Varo account to your PayPal account.
Ready to move your money? Let's dive into the steps!
Step 1: Understanding the Limitations and Exploring Your Options
Before we jump into the "how-to," it's crucial to understand why a direct transfer isn't available. Varo and PayPal are separate financial platforms with their own ecosystems and transfer protocols. They don't have a built-in feature that allows for seamless, direct money movement between them.
However, this doesn't mean your money is stuck! We have a few viable options to explore. These generally involve using an intermediary service or method. Here are the primary approaches we'll cover:
- Using a Linked Bank Account (Your Varo Account) within PayPal: This is often the most straightforward method if you haven't already linked your Varo account to your PayPal.
- Utilizing a Third-Party Payment App: Some payment apps can act as a bridge, allowing you to send money from your Varo account to the app and then from the app to your PayPal account.
- Withdrawing from Varo to Your Linked Bank Account and then Funding PayPal: If you have another bank account linked to both Varo and PayPal, this can be a reliable method.
Let's delve into each of these options with detailed steps.
Step 2: Option 1 - Linking Your Varo Bank Account to PayPal
This is often the easiest and most direct workaround if you haven't already linked your Varo account to your PayPal.
Sub-heading: How to Link Your Varo Account to PayPal
- Log in to your PayPal Account: Open your web browser or the PayPal mobile app and log in using your PayPal email address and password.
- Navigate to the "Wallet" or "Banks and Cards" Section: Once logged in, look for a section typically labeled "Wallet," "Banks and Cards," or something similar. This is where you manage your linked payment methods.
- Click on "Link a bank account": You should see an option to add a new bank account. Click on this.
- Search for Your Bank (If Applicable) or Enter Details Manually: PayPal might prompt you to search for your bank. If you see Varo, select it and follow the on-screen instructions. If Varo isn't listed, you'll need to enter your bank details manually.
- Enter Your Varo Bank Account Details: You'll need your Varo Bank's routing number and your Varo account number. You can find this information within your Varo mobile app or on your Varo account statements. Double-check these details for accuracy!
- Agree to PayPal's Terms and Link: Once you've entered the details, click "Agree and Link" or a similar button.
- Confirm Your Bank Account (Crucial Step!): PayPal will usually send two small test deposits (typically a few cents each) to your Varo bank account. This can take 1-3 business days.
- Check Your Varo Account for the Test Deposits: Once you see these small deposits in your Varo account activity, note the exact amounts.
- Confirm the Deposits in PayPal: Go back to your PayPal account, navigate to the linked bank account section, and you should see a prompt to confirm your bank account. Enter the exact amounts of the two test deposits PayPal sent.
- Your Varo Account is Now Linked! Once confirmed, your Varo bank account will be listed as a funding source in your PayPal wallet.
Sub-heading: How to Send Money via PayPal Using Your Linked Varo Account
- Log in to your PayPal Account: As before, log in to your PayPal account.
- Click on "Send & Request": This is usually located at the top of the page or within the app.
- Choose "Send": You'll be prompted to choose whether you want to send or request money. Select "Send."
- Enter the Recipient's Details: Enter the email address, phone number, or name associated with the recipient's PayPal account.
- Enter the Amount You Want to Send: Specify the amount of money you wish to transfer.
- Review Your Payment Method: Before sending, PayPal will show you the payment method it will use. Make sure your linked Varo bank account is selected as the funding source. If not, click "Change" and choose your Varo account.
- Add a Note (Optional): You can include a brief message to the recipient if you like.
- Click "Send Now": Review all the details carefully and then click "Send Now" to complete the transaction.
Step 3: Option 2 - Utilizing a Third-Party Payment App
Some third-party payment apps can act as an intermediary. The process generally involves:
Sub-heading: General Steps for Using a Third-Party App
- Choose a Suitable Third-Party App: Research and select a payment app that allows you to link both your Varo bank account and send money to a PayPal account (directly or indirectly). Popular options might include those that allow bank transfers and have connections to PayPal or the ability to send to email addresses. Be sure to check the app's fees and terms of service.
- Link Your Varo Bank Account to the Third-Party App: Follow the app's instructions to link your Varo bank account. This usually involves providing your routing and account numbers and may require a verification process similar to PayPal's.
- Transfer Funds from Your Varo Account to the Third-Party App: Once linked, initiate a transfer of the desired amount from your Varo account to your balance within the third-party app. This may take some time depending on the app's transfer speeds.
- Send Money from the Third-Party App to PayPal: This step will vary significantly depending on the chosen app. Some apps might offer a direct "send to PayPal" option, while others might allow you to send to an email address that is linked to the recipient's PayPal account.
Important Considerations for Third-Party Apps:
- Fees: Be aware of any transaction fees charged by the third-party app for sending or receiving money.
- Transfer Limits: Check if the app has any daily or transaction limits that might affect your transfer.
- Security: Ensure the third-party app is reputable and has robust security measures to protect your financial information.
- Transfer Time: Transfer times can vary between different apps.
Step 4: Option 3 - Withdrawing to Another Bank Account and Funding PayPal
If you have another bank account that is linked to both your Varo account and your PayPal account, this can be a reliable, albeit slightly longer, method.
Sub-heading: Steps for Using an Intermediary Bank Account
- Withdraw Funds from Varo to Your Other Bank Account:
- Log in to your Varo mobile app.
- Navigate to the "Transfer" or "Move Money" section.
- Select the option to "Send Money" or "Make a Transfer."
- Choose your linked external bank account as the recipient.
- Enter the amount you want to transfer.
- Review the details and confirm the withdrawal. This transfer will take 1-3 business days to process, depending on your bank and Varo's policies.
- Fund Your PayPal Account from Your Other Bank Account:
- Log in to your PayPal account.
- Navigate to your "Wallet" or "Banks and Cards."
- Select your other linked bank account as the funding source.
- Initiate a transfer of funds from your linked bank account to your PayPal balance or use it as the funding source when sending money to someone else.
This method adds an extra step and may take a bit longer due to the processing times of bank transfers.
Step 5: Choosing the Best Method for You
The best method for sending money from Varo to PayPal depends on your individual circumstances and preferences. Consider the following:
- Speed: Linking your Varo account directly to PayPal (Option 1) and then sending is often the quickest once the verification process is complete.
- Convenience: Using a third-party app (Option 2) might be convenient if you already use one and it offers the necessary functionality.
- Fees: Be mindful of any fees associated with third-party apps or potential fees PayPal might charge depending on the type of transfer.
- Existing Linked Accounts: If you already have another bank account linked to both Varo and PayPal (Option 3), this can be a straightforward option.
Remember to always prioritize the security of your financial information and double-check all details before initiating any transfer.
Frequently Asked Questions (How to...)
Here are some frequently asked questions related to sending money from Varo to PayPal:
How to link my Varo bank account to PayPal?
Follow the steps outlined in Step 2: Option 1 - Linking Your Varo Bank Account to PayPal, which involves navigating to the "Wallet" section in PayPal and adding your Varo account details.
How to find my Varo bank account's routing and account number?
You can find this information within your Varo mobile app (usually under account details) or on your Varo account statements.
How to confirm my Varo bank account after linking it to PayPal?
PayPal will send two small test deposits to your Varo account. Check your Varo account activity for these amounts and then enter them in the PayPal interface to confirm.
How to send money on PayPal using my linked Varo account?
Once linked and confirmed, go to the "Send & Request" section in PayPal, enter the recipient's details and the amount, and ensure your Varo bank account is selected as the funding source before sending.
How to use a third-party app to send money from Varo to PayPal?
Choose a third-party payment app that supports linking your Varo account and sending to PayPal (directly or via email). Link your Varo account to the app, transfer funds to the app, and then use the app's features to send the money to your PayPal account.
How to withdraw money from Varo to another bank account?
Log in to your Varo app, go to the "Transfer" section, select your linked external bank account as the recipient, enter the amount, and confirm the withdrawal.
How to add another bank account to my PayPal account?
Follow similar steps to linking your Varo account (as described in Option 1), but enter the details of your other bank account instead.
How to check if my Varo account is successfully linked to PayPal?
In your PayPal account, go to the "Wallet" or "Banks and Cards" section. Your Varo bank account should be listed there with a "Confirmed" status once the verification process is complete.
How to troubleshoot if I can't link my Varo account to PayPal?
Double-check the routing and account numbers you entered. Ensure your name on both accounts matches. If issues persist, contact PayPal and Varo support for assistance.
How to know if there are fees for sending money from Varo to PayPal using these methods?
PayPal may charge fees depending on the type of transfer and the recipient's location. Third-party apps may also have their own fees. Always review the fee structure before initiating any transfer. Using your linked bank account within PayPal for personal transfers within the same country is often free, but it's always best to verify PayPal's current fee schedule.