PayPal is among the hottest online financial service providers we have come across. It’s possible to create an account within minutes so long as you own a device with an internet connection. When registering to PayPal, you have to include your bank accounts, credit card or debit card information. After add your credit card or bank account information you can add or withdraw fund in your PayPal account. To withdraw your money from a PayPal account, they will require you to provide them with your bank account information.
But what if you don’t have a bank account that you can connect to your PayPal account! Put your worries aside as we will instruct you with a step by step guideline on how to withdraw money from a PayPal account without a bank account.
Withdraw Money From a PayPal Account Without a Bank Account
To withdraw money from your PayPal account, your country has to have a banking permit to do so. You have to be sure if you are eligible for that privilege. That is because in certain countries, PayPal doesn’t have a banking license.
For example, you cannot withdraw money from Paypal in India as India doesn’t have a banking permit from PayPal. In the United States, PayPal customers have the chance of withdrawing cash through any bank account. If your country has this privilege, here is the step-by-step guide on the best way of withdrawing money from a PayPal account without a bank account.
- Step 1. Open PayPal’s web page via your browser.
- Step 2. Log into your PayPal account.
- Step 3. Click ‘Transfer to your bank’ below your PayPal balance.
- Step 4. Click on ‘Request a check by email instead.’
After going through these steps, a check of your money withdrawal must arrive at your address in 1-2 weeks! Once you’ve requested withdrawing cash by check, you can’t cancel it also.
FAQ (Frequently Asked Question)
Is there any other way to withdraw money while not having a bank account?
You can either use a Paypal debit card or a Paypal credit card to transfer your money there. The debit card doesn’t charge you any fee, but the Credit card will do.
What is the minimum amount that can be withdrawn with a check?
The minimum amount you can withdraw by check is USD 1.51.
Is there any fee for check withdrawal?
For each check withdrawal, you will be charged USD 1.50 approximately.
Suppose you store your money online or use an online financial service provider. In that case, we can presume that you have considered using PayPal. But due to some banking permit issue, you might not be eligible to use this platform. The check withdrawal should do the job for you. Even if you think that is a hassle, you may want to use their Debit card system, which doesn’t charge any fee. We hope these guidelines will put you out of worries concerning “How do I withdraw my money from a PayPal account!”