Why Can't I Transfer Money from PayPal to My Bank Account?

Introduction

To withdraw money from your PayPal account, sign in to your account and click Transfer Money. Transfers typically take three to seven business days, depending on your bank’s processing time. If you receive an error message stating that PayPal can’t complete the transaction, there may be an issue with your linked bank account or a limitation on your PayPal account. Transfers may also fail if the bank account details entered are incorrect. So how can you resolve these errors? Continue reading for step-by-step instructions on what to do if you’re unable to transfer money from PayPal to your bank account.

Remove PayPal Limitation

When the PayPal account is limited, the user may not be able to send, receive, or withdraw money. You can only use PayPal services again by removing the limitation. To remove the limitation, check the Notifications page. The notification icon is the Bell sign beside Settings on your Homepage.

PayPal will also provide you with more details on how to remove this limitation, which may include submitting bank statements. Just review the limitations along with their suggested resolution to ensure you can send and withdraw money from PayPal.

Check Bank Details

You can prevent failed PayPal transactions and avoid paying other fees by ensuring you enter the correct bank details. To check the bank details, sign in to your PayPal account and go to Banks and Cards. You can find this on your Homepage; just click the three dots beside Banks and Cards to see the list of accounts linked with your PayPal. You should be able to review and edit the cards or bank accounts from this page.

Click on Your Preferred Bank and Review the Details

Check the expiration date and other details, and click Update Card if you wish to update your bank account. If you have a new bank account, just click remove and proceed to the next step.

Click Link a Bank Account

Enter the Correct Bank Details

Type in the bank name, bank code, and bank account number. Review everything before clicking Link Your Bank.

Try a Different Transfer Method

Do you often use Instant transfers when withdrawing your PayPal funds? Consider switching to Standard transfers to see if it goes through. You will have the option to select Instant and Standard when you click Transfer Funds from the Homepage.

Before transferring funds, make sure your bank account is able to receive electronic fund transfers. If it cannot, the funds may be returned to your PayPal account. Please note that fees may apply in such cases.

Conclusion

Are you a new PayPal user? Verify your account first, as unverified accounts may not be able to transfer funds. You may also try removing your linked bank account and adding it again, as this can sometimes resolve transfer issues. If the problem is due to an account limitation, visit the Resolution Center or review your Notifications to address any required actions. Keep in mind that PayPal may also temporarily flag the transfer if it appears unusual or potentially suspicious. Still experiencing issues with bank transfers after resolving any limitations or verifying bank details? Contact PayPal Support for further assistance.