Online payment platforms have made our transaction process easier. PayPal is a leading name in this field, and widely used. This payment system provides services and allows you to withdraw, send, and receive money. But, the question is if you do not have a bank account then how to withdraw money from a PayPal account?
We know, there is no need of a bank account to receive funds, in another way, you can open a PayPal account even without a bank account.
However, it is a common question how to withdraw funds from PayPal without linking a bank account. In this guide, we will mention 4 ways to withdraw money from a PayPal account without a bank account.
How to withdraw funds from PayPal without a bank account?
It is possible and you can do it in other ways because PayPal accepts wallets and International cards like Visa and Mastercard, it depends on your country.
Whatever, If you don’t have banking access or want to keep your banking details private, then try the following ways to access your PayPal funds.
Via PayPal Debit Card
This is the preferred option and you can do it through a debit card. You can get a digital debit card on sign-up and create your debit card PIN. But, once you receive the physical card, the digital card will no longer be active.
With a PayPal Debit Card, you can
- Access your funds instantly in PayPal.
- Use your funds in PayPal to make purchases in-store or online.
- Withdraw money from PayPal at ATMs around the world.
- Add cash to PayPal at thousands of stores nationwide where cash reloading is supported.
Note: There is no annual or monthly fee for having a PayPal debit card. You can make purchases online using a PayPal debit card. Know more about fees.
Via PayPal Digital Wallet
PayPal Digital Wallet stores your debit and credit card information in one place for online payments, money transfers, and others. You can transfer your PayPal funds to your debit card in the USA; But, it is not possible in India.
Through Debit Card
If you have linked an eligible Visa debit card to your PayPal account, you can transfer PayPal funds to your bank account through the debit card. To transfer, you can choose an instant or the standard transfer, which should take about 48 hours.
Here’s how to make an Instant transfer to your eligible debit card (subject to a fee):
- Go to Wallet.
- Click Transfer Money.
- Click Transfer to your debit card.
- Follow the instructions.
Step to make a standard transfer to your eligible debit card:
- Go to Wallet.
- Click Transfer Money.
- Click Transfer to your bank.
- Select in 1-3 days (no charge).
- follow directions.
Request a Check
If you plan to receive funds by requesting a check from PayPal, this is also the best option. But, this can take time and is the slowest way to withdraw money from a PayPal account without a bank account. To request funds from PayPal you need to follow the steps given below:
Here’s how to request a check on the web (timeline is 5-10 business days):
- Go to Wallet.
- Click Transfer Money.
- Click Request check by mail (fee applies for PayPal personal accounts without a linked balance account).
- Enter the amount you want to transfer (minimum is $1.51).
- Click Next.
- Review your transfer details, then click Request Now (amount).
- Click Done.
What is the best option to transfer PayPal funds without a bank account?
You can withdraw up to $400.00 from your PayPal Balance account from an ATM each day using the PayPal Debit Card. You can also withdraw funds from a participating bank branch or bank teller at another financial institution.
Source: https://www.paypal.com
FAQs
To make a transfer to your eligible debit card or bank account on the app:
Step 1: Tap your PayPal balance.
Step 2: Tap Transfer.
Step 3: Tap Transfer to Bank at the bottom of the screen.
Step 4: Select within minutes (fees apply) or 1-3 days (no fees).
Step 5: Tap Transfer now.
If you selected an instant transfer, you should see the money in your bank account within minutes, but this time frame may vary depending on the bank.
Standard transfers to your bank are usually completed in 1 business day, but depending on your bank’s clearing process, it may take 3-5 business days. Standard transfers to your eligible debit card take approximately 48 hours.
