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On the "Transfer Funds" page, make note of the processing time. It usually takes 3 to 4 business days for electronically transferred funds to become an available part of your PayPal balance.
You can have
immediate access to the funds in your bank account through PayPal if you
link your bank account with your PayPal account. With your account 'linked' you can have a $0 (zero) PayPal account balance and still make purchases with PayPal. PayPal will automatically transfer the funds from your bank account (through PayPal) and pay for any purchases made with PayPal. And, your PayPal account will still remain at $0.
This information is from the PayPal website:
How do I link a bank account to my PayPal account?
Question
:
Answer
:
We're introducing a new and improved Profile to some
customers. Until all customers are using the new Profile, there are 2
sets of instructions on how to do this. Please follow the instructions
that match what you see on the site [for your PayPal account]. (Bracketed text added by me.)
You can link your bank account, enter your bank information (we'll keep this private) by following these steps:
- Log in to your PayPal account.
- Click Profile at the top of the page.
- Click Bank Accounts under Financial Information.
- Click Add Bank and enter your information.
Then
just confirm your bank account to complete the process. If you bank
online, you can usually do this instantly. If you don't have online
access to your bank account, it'll take a few days.
Or
You can link your bank account, enter your bank information (we'll keep this private) by following these steps:
- Log in to your PayPal account.
- Click Profile near the top of the page.
- Click My money under My Profile.
- Click Add my bank in the Bank accounts section.
- Select Checking or Savings account and enter your information.
- Click Continue.
Then just confirm your bank
account to complete the process. If you bank online, you can usually do
this instantly. If you don't have online access to your bank account,
it'll take a few days.
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