PayPal is one of the most popular ways to pay and be paid online, but when it comes to receiving money in a hurry, you may wonder how to withdraw money from PayPal instantly. Once you’ve connected PayPal to your bank account, instant transfers are simple and only cost a small percentage of the amount you plan to withdraw. If you aren’t in a hurry, regular transfers are free.

How to Withdraw Money From PayPal Instantly

To instantly transfer funds from PayPal to your bank:

  • Open your web browser and go to PayPal’s site. Select the Log In button in the upper right corner of the screen.
  • Enter your account email address and password to access your PayPal account summary and select Log In.
  • Below your current account balance, select Transfer Money.
  • Select Transfer from PayPal to your bank in the Transfer money screen.
  • The next screen shows your options:
  • Instant: PayPal transfers your money instantly for 1 percent of the amount being transferred.Standard: Withdraw the entire balance or part of it free of charge. This transfer arrives at your bank on the next business day.
  • Select the button next to your bank in the Instant section. If you have more than one bank on file with PayPal, select the one you want the transfer to go to. Click or press Next.
  • Enter the full amount you want to transfer. You don’t need to enter decimal points or commas. Just type the digits in order. You also don’t need to deduct the 1 percent fee yourself. Be sure that everything looks correct and select Next to continue.
  • The next thing you see is PayPal’s breakdown of your transfer and the deduction of the 1 percent fee. Provided nothing looks out of place, confirm the transfer.
  • PayPal shows you a confirmation message, letting you know your request is processing.
  • If you return to your summary, you’ll see the new balance in your account. PayPal also sends a confirmation message to your account email address. Of course, you can always check the account balance of the transfer destination you chose.

Open your web browser and go to PayPal’s site. Select the Log In button in the upper right corner of the screen.

Enter your account email address and password to access your PayPal account summary and select Log In.

Below your current account balance, select Transfer Money.

Select Transfer from PayPal to your bank in the Transfer money screen.

The next screen shows your options:

  • Instant: PayPal transfers your money instantly for 1 percent of the amount being transferred.Standard: Withdraw the entire balance or part of it free of charge. This transfer arrives at your bank on the next business day.

Select the button next to your bank in the Instant section. If you have more than one bank on file with PayPal, select the one you want the transfer to go to. Click or press Next.

Enter the full amount you want to transfer. You don’t need to enter decimal points or commas. Just type the digits in order. You also don’t need to deduct the 1 percent fee yourself. Be sure that everything looks correct and select Next to continue.

The next thing you see is PayPal’s breakdown of your transfer and the deduction of the 1 percent fee. Provided nothing looks out of place, confirm the transfer.

PayPal shows you a confirmation message, letting you know your request is processing.

If you return to your summary, you’ll see the new balance in your account. PayPal also sends a confirmation message to your account email address. Of course, you can always check the account balance of the transfer destination you chose.

Get the Latest Tech News Delivered Every Day