Can I Withdraw Money From PayPal Without A Bank Account (2024)

PayPal is one of the most popular online payment processors. It allows you to easily send and receive money online without needing a bank account. However, you may be wondering if you can withdraw money from your PayPal account if you don't have a linked bank account. The short answer is yes - there are a couple of ways to get cash withdrawals from your PayPal funds without having a bank account. The most popular options are using either a PayPal debit card or PayPal Cash card.

How to Withdraw Money From PayPal Without A Bank Account

1. Using a PayPal Debit Card

The easiest way is to order a PayPal debit card. This is a Mastercard branded debit card that is linked directly to your PayPal balance. It's entirely free to get a PayPal debit card.

Once you have the debit card, you can use it at any ATM that accepts Mastercard to withdraw cash. Simply enter your pin when prompted and take out money - it will automatically and instantly deduct it from your PayPal balance.

Some key points about the PayPal debit card:

• Available as a physical card or digital card for mobile wallets
• Completely free including delivery
• Uses the Mastercard network so works at millions of ATMs
• Acts just like any other debit card connected to your funds

This makes it super convenient to get cash wherever you are without needing a bank integrated with PayPal at all. You have full access 24/7 to the money sitting in your PayPal account.

2. Requesting a Paper Check

Another way to withdraw from PayPal without a bank is to request a paper check mailed to you. This allows you to cash the check and deposit it into another bank account if needed.

To get a PayPal check:

1. Go to the Wallet page in your PayPal account
2. Click "Withdraw money"
3. Select the option to request a check

You can withdraw your full PayPal balance with the paper check option. Just note it can take up to 14 days for the check to arrive after requesting it.

PayPal paper checks are always free, but cashing them may incur a fee from the institution you use. Also know that checks under $100 may need to be bundled together before they can be requested.

3. Digital wallets

Certain digital wallets, like Google Pay or Samsung Pay, may allow you to withdraw PayPal funds in specific regions. Check with both PayPal and your chosen digital wallet for availability.

4. Spending PayPal Balance Online

If you don't need immediate cash and want to avoid fees, another method is using your PayPal funds to shop online or send money to others.

When checking out at thousands of online stores, you'll see PayPal as a payment option. Select PayPal at checkout and the money is instantly taken from your PayPal balance if enough funds are available.

You can also securely send money to other PayPal users from your balance. Just enter the recipient's email/mobile number and the amount you want to send. The money instantly transfers from your balance to theirs.

This approach lets you spend your balance without converting it to cash first or paying withdrawal fees. It's a good option if you regularly shop online or send money to friends/family.

5. Using PayPal Key

PayPal Key gives you a virtual debit card number to use for purchases without a physical card. It acts as an online-only debit card paid from your PayPal funds.

To start, go to your PayPal account and sign up for PayPal Key. You'll then get a generated card number, expiration date, and security code - the details needed to make online purchases.

You can use PayPal Key at:

• Online stores that accept Mastercard debit payments
• Apps and sites where you would normally enter debit/credit card details

When you check out with PayPal Key, the purchase amount is instantly deducted from your PayPal balance. It's a very convenient way to spend your balance anywhere online that accepts debit card payments.

Limits and Considerations

While you don't need a bank account to withdraw money from PayPal, some limitations exist:

• Existing Balance Only: Withdrawals can only come from money already in your PayPal balance - you can't take out more than your available funds.
• Weekly Limits: PayPal has withdrawal limits in place, like withdrawing no more than $15,000 per week via paper check.
• Verification Requirements: Fully verifying your identity may be necessary before withdrawal privileges are enabled.
• Holds: If transactions are disputed or deemed suspicious, holds may be placed to delay withdrawals.

So while PayPal offers plenty of flexibility to get money out without a bank, there are still policies that govern when, where and how much you can withdraw based on your account status and history. Be sure you understand and follow these limits.

How to Get CashFrom PayPalInstantly

There are a few ways to get cash from PayPal instantly, but keep in mind that not all methods are free or universally available, and fees and limitations may apply:

1. Transfer to a linked bank account

• Instant Transfer: This option typically transfers your money in minutes to your eligible Visa debit card, with a fee attached. However, it might take up to 30 minutes depending on your bank.
• Standard Transfer: This option is free and transfers your money to your bank account within 1-3 business days.

Steps (both methods):

1. Log in to your PayPal account.
2. Go to Wallet or Transfer Money.
3. Select Transfer to your bank account.
4. Choose Instant Transfer (fee applies) or Standard Transfer (free).
5. Select the bank account you want to transfer to and enter the amount.
6. Review the details and confirm the transfer.

2. Transfer to an eligible debit card

1. Log in to your PayPal account: Go to the PayPal website or open the app. Sign in with your email address and password.
2. Click on "Transfer Money": Look for the "Transfer Money" or "Send Money" option on the main menu.
3. Choose "To Bank Account": Select the "To Bank Account" option.
4. Add your debit card details: If your eligible debit card isn't already linked, click "Add a new bank account" and enter the card details (card number, expiry date, CVV code).
5. Select your card: If you have multiple eligible cards, choose the one you want to transfer funds to.
6. Enter the amount: Enter the amount you want to transfer.
7. Review and confirm: Double-check all the details (amount, recipient card) and click "Transfer" or "Send" to confirm.

3. PayPal Cash Card

If you frequently need cash from your PayPal balance, consider getting a PayPal Cash Card. This is a debit card that allows you to withdraw cash from ATMs and make purchases, with funds deducted directly from your PayPal balance.

4. Peer-to-peer transfer

If you know someone who is willing to receive a payment from PayPal and give you cash in return, this could be an option. However, be cautious of scams and only do this with people you trust.

How toWithdraw Money From PayPal WithoutFee

There are a few ways to withdraw money from PayPal without incurring any fees:

1. Standard transfer to your bank account:

This is the most common and hassle-free option. You can transfer your PayPal balance to your linked bank account for free, although it may take 1-3 business days for the funds to arrive. Here's how:

1. Log in to your PayPal account.
2. Go to Wallet.
3. Click Transfer Money.
4. Select Withdraw from PayPal to your bank account.
5. Choose the linked bank account you want to send the money to.
6. Enter the amount you want to transfer.
7. Select Standard (Free) for the transfer speed.
8. Review the details and confirm the transfer.

2. Instant transfer to your bank account (limited availability):

This option allows you to receive your money within minutes, but there's a fee involved. The fee typically ranges from 1% to 1.5% of the transfer amount, with a minimum fee of $5.

3. Use your PayPal debit card:

• ATM withdrawals: You can withdraw up to $400 daily free of charge at MoneyPass ATMs worldwide. However, other ATM networks may charge fees.
• Purchases: Use your PayPal debit card for in-store or online purchases to access your funds without fees. You can even earn cashback rewards depending on the card and offer.

4. Transfer to a PayPal Cash card:

If you have a PayPal Cash card, you can transfer your balance to the card for free and then withdraw it from an ATM in the MoneyPass® ATM network. However, keep in mind that ATM fees may apply depending on the ATM operator.

5. Transfer to a GCash account (Philippines only):

For users in the Philippines, transferring your PayPal balance to a GCash account is entirely fee-free. This option might be convenient if you already use GCash regularly.

Conclusion

Getting cash from PayPal without a bank account is straightforward using either the PayPal debit card or PayPal Cash card once your ID is confirmed. These cards empower easy access to transform your PayPal balance into physical money at millions of ATMs and retailers globally. Withdrawals happen instantly without the delays of traditional bank transfers, offering greater liquidity and flexibility over your funds.

Frequently Asked Questions (FAQ)

Can you withdraw money from PayPal without confirming bank account?

Yes, you can withdraw money from PayPal without a linked or confirmed bank account by requesting a paper check or getting a PayPal debit card connected to your PayPal balance. These let you access the funds as cash or spend them directly.

Can you receive money on PayPal without having a bank account?

Yes, you can receive, hold, and send money from your PayPal account balance even without having a bank account linked. You only need a bank account connected if you wish to withdraw funds out to your bank.

How to withdraw cash from PayPal?

The easiest ways to withdraw cash are to get an ATM-enabled PayPal debit card or request a paper check. The debit card lets you withdraw cash from ATMs. The check can be cashed or deposited into another bank account to access the funds.

Why can't I withdraw money from PayPal?

The most common reasons are having an unverified account, being below the minimum withdrawal amount, having holds placed due to disputed transactions, violating acceptable use policies, or attempting to withdraw more than your available balance.

What is the minimum withdrawal on PayPal?

The minimum PayPal withdrawal amount for a paper check is $30. For an electronic transfer to a bank account or debit card, the minimum is only $1. Minimums apply per withdrawal transaction.