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How to Add Bank Account in PayPal ?

PayPal Holdings, Inc. is a US based company that operates a worldwide online payment system. By using services of Paypal, Online money transfers are served as electronic alternatives to usual paper methods like cheque payments and money orders. PayPal is one of the largest Internet payment companies of the World.  Paypal operates as an acquirer, it performs payment processing for online vendors, a huge number of auction sites and other commercial users, for which it charges a fee. In previous article we discussed about the process to add postal address in PayPal and to change postal address in Paypal . The reason you have landed on this page is to link or add your Bank Account in PayPal Account. Today, we will tell you how to add Bank Account in PayPal Account.

How to Add Bank Account in PayPal ?

Let’s begin with the Step by Step procedure to add bank Account in PayPal.

1) Opening the Paypal Website and Signing into Paypal Account

First of all you need to open the PayPal Website (https://www.paypal.com/). Enter your Credentials(Email Address and Password) to login to your PayPal Account.

PayPal Login Email ID and Login Password

2) Proceeding to Account Overview

As soon as you login to your account, at the bottom of the screen you will find a button which says ‘Proceed to Account Overview’. Please click on this button.

Proceeding to PalPal Account Overview

3) Opening the PayPal Profile

Now you need to click on the Gear Icon at the top Right of the Screen(Just besides Log Out). This will open your PayPal Profile.

PayPal Profile

4) Proceeding to Add Bank Account in PayPal Payment Methods

Click on ‘Payment Methods’ from the Top Menu and you will be redirected to another page.

Payment Methods in PayPal

5) Linking/Adding Bank Account in PayPal Payment Methods

In order to link a Bank Account to your PayPal Account, you need to click on +Link a Bank Account under Bank Accounts.

Link a Bank Account with PayPal Account

As soon as you click on +Link a bank account, a new page will appear where you will be asked to Enter you Bank Account Number and IFSC Code (As Shown Below). Your Name must be same as that on your PAN Card. If it is different from that on PAN Card, please click on Edit link besides Name. Entering Account Number and IFSC Code to Add Bank Account in PayPal

Also put a tick mark on the box corresponding to ‘Designate as auto-withdraw’. This will enable automatic transfer of funds to your Bank Account.

Click on Continue.

6) Confirm your Bank Account

Once you have completed adding the bank account details, Paypal will send 2 small deposits in your bank account. After receiving these 2 small deposits (Usually takes 24 hour to receive two small transactions), you need to login to your PayPal account, click on verify at top and enter the amount to complete verification of your Bank account and to link Bank Account in PayPal.

Verifying Transactions in PayPal

This is the Complete process to add Bank Account in PayPal. If you have any doubts or queries, you can leave you comments below.

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About Anirudh Singh

Anirudh Singh is a passionate blogger and the man behind Amazing India Blog. He has 5 years of experience in the newspaper industry and he founded Amazing India Blog in 2015. Apart from writing and editing articles on Travel, Business and Technology at Amazing India Blog, he also contributes to other well known newspapers and online news blogs.