How Long Does it Take to Transfer Money From Paypal to Bank – (And Why)?

Exact Answer: 30 minutes

PayPal is an online platform that is used to accept and send payments to businesses and individuals. PayPal offers many ways to transfer money.

The user can use a credit card, bank account, or another similar application to send and receive money. You can also use the balance on your PayPal account to transfer money.

Transfers through PayPal are to verified bank, debit, and credit card accounts. The PayPal account holder would have to verify these accounts before the transactions can occur.

How Long Does it Take to Transfer Money From Paypal to Bank

How Long Does It Take to Transfer Money from PayPal?

If you transfer money from PayPal to a bank account, it can take from 30 minutes to 1 business day. This is because the bank must process the transfer from your bank account.

a phone with a paypal logo on it

The bank verifies that the funds are available and then initiates the transfer. The transfer through the bank requires the use of an Automated Clearing House network which is used to conduct any type of transfer from or to the bank.

There is also an option on PayPal to send an instant transfer from your bank account to another person’s PayPal account. This is completed instantly without the other person having any of your bank information.

PayPalPayPalInstant – within minutes
PayPalBank AccountInstant – within 30 minutes
PayPalDebit CardWithin 30 minutes
PayPalCheck*1 – 2 weeks

Why Does It Take That Long?

If money is being transferred using the balance from your PayPal account, it can be instant or the next day. This depends on where the money is going.

If the money is going to a bank account, it may take up to 1 business day due to the processing through the Automated Clearing House network. If you request a standard transfer, it will take a business day and it is free.

If you request an instant transfer, then the fee is determined by the amount of the transfer. However, if the transfer is from one PayPal account to another, the transfer is fast enough to be considered an instant transfer.

This means that the money is there within 30 minutes. This is because it is easier to transfer money when you are using your own network such as the one that PayPal uses for its transactions.

If money is being transferred using a credit card it can also take up to 30 minutes using merchant services that are like the Automated Clearing House network. PayPal acts as the middleman with any transfer so there is always a chance that money can be transferred instantly but this may cost you a small fee from either PayPal or your bank.

The fee depends on the reason for the transfer such as purchasing from a business or sending money to family. There can also be a fee if you make a check withdrawal from PayPal.

This would also take more time and can be up to 2 weeks. This is also due to bank processing time and to help with fraud prevention.

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