How can I add a bank account to my PayPal account?

PayPal is an online payment service that allows you to send and receive money, shop online, and manage your finances. Linking a bank account to your PayPal account is a smart way to enjoy the benefits of PayPal, such as:

• Sending and receiving money from friends, family, or businesses
• Withdrawing funds from your PayPal balance to your bank account
• Avoiding fees when paying with your PayPal balance or bank account
• Accessing more features and services from PayPal

Linking a bank account to your PayPal account is easy and secure. You can do it on the web, on the app, or on the business app. You will also need to confirm your bank account to verify that you own it. In this article, we will show you how to link and confirm a bank account to your PayPal account in simple steps.

Linking a bank account on the web

To link a bank account on the web, follow these steps:

1. Log in to your PayPal account and click Wallet at the top of the page.
2. Click Link a card or bank.
3. Click Link a bank account.
4. Search for your bank or select it from the list. You can link your bank instantly by entering your online banking login information (This depends on the bank you select).
5. If the instant option isn’t available, enter your bank account details manually and click Agree and Link.
6. If you don’t want to enter your login details to confirm your bank, you can click Link your bank another way. You’ll enter your bank account information and PayPal will send you 2 small deposits within 3 business days to confirm it.

Linking a bank account on the app

To link a bank account on the app, follow these steps:

1. Tap Wallet on the app home screen.
2. Tap + across from “Banks and cards”.
3. Tap Banks.
4. Search for your bank or select it from the list.
5. Option 1: Link a bank instantly: You can link your bank account instantly by entering your online banking login details. PayPal will immediately verify with your bank that they’re correct and confirm your bank.
6. Option 2: Link and confirm a bank manually: You can choose to Link your bank another way. You’ll enter your bank account information and PayPal will send you 2 small deposits within 3 business days to confirm it.

Linking a bank account on the business app

To link a bank account on the business app, follow these steps:

1. Tap More on the app home screen.
2. Tap Settings.
3. Tap Cards and Banks.
4. Tap +.
5. Tap Bank account.
6. Search for your bank or select it from the list.
7. Option 1: Link a bank instantly: You can link your bank account instantly by entering your online banking login details. PayPal will immediately verify with your bank that they’re correct and confirm your bank.
8. Option 2: Link and confirm a bank manually: You can choose to Link your bank another way. You’ll enter your bank account information and PayPal will send you 2 small deposits within 3 business days to confirm it.

Confirming a bank account

You need to confirm your bank account before you can use it to make payments with PayPal. Confirming your bank account verifies that you own it and helps prevent fraud.

To confirm a bank account that you’ve linked on the web, follow these steps:

1. Go to Wallet and click the bank you want to confirm.
2. Enter the exact amounts of the 2 deposits made to your account by PayPal.
3. Click Submit.

To confirm a bank account that you’ve linked on the app or the business app, follow these steps:

1. Go to Wallet (or Cards and Banks) and tap the bank you want to confirm.
2. Enter the exact amounts of the 2 deposits made to your account by PayPal.
3. Tap Confirm Bank Account.

Notes about the 2 small deposits:

• If you don’t see the 2 small deposits in your bank statement, find this bank account in your Wallet (or Cards and Banks) and request that PayPal resend them to you.
• Some banks combine the 2 small deposits as a single amount. If you only receive 1 small deposit, contact PayPal to confirm your bank account or try to link it instantly.
• The small deposits are temporary and will be removed from your bank account.

Linking a bank account to your PayPal account is a convenient and secure way to enjoy the benefits of PayPal. You can link a bank account on the web, on the app, or on the business app. You can also confirm your bank account by entering the 2 small deposits that PayPal sends to your account. Once you link and confirm your bank account, you can start sending and receiving money, withdrawing funds, and avoiding fees with PayPal.

Are you ready to link your bank account to your PayPal account? Try it now and see how easy and convenient it is. Let us know how it goes in the comments below. Thank you for reading!