Home Sending Money How To Transfer Money From A Bank Account To PayPal Instantly

How To Transfer Money From A Bank Account To PayPal Instantly

PayPal is a popular method of making payments online, paying for subscriptions, and sending money to friends and family. While transferring funds from your bank account to PayPal will take an average of 3 to 5 days, it is possible to link your bank account to your PayPal account for instant payments. In this article, we’ll cover how to instantly transfer money from your bank account to PayPal and send money to others.

Updated: 20/05/2022
Read time: 4 minutes
Compare Rates

Many people don’t know how to add money to PayPal, but PayPal is frequently used for regular subscriptions and payments. From Netflix to eBay, if you have regular payments leaving your bank account via your PayPal account, adding money to PayPal will ensure you can meet those payments on the day they’re due. That being said, having a linked bank account to simply debit funds straight from your account via PayPal could actually be quicker.

How to transfer money from your bank to PayPal

If you want to make a PayPal money transfer using your bank account, first, you need to link your bank account to your PayPal account, follow the following steps:

  • Login to your PayPal account
  • Go to the Account tab, and select ‘My Money’ from the drop-down menu when you hover over the link to your Profile.
  • Update your bank account information in the Bank Account section
  • If you have access to online banking, you can click ‘Confirm Instantly’. Otherwise, select the ‘Confirm in 2 – 3 days’ button and follow the prompts to complete the process.

Once you’ve connected your bank account, you can then easily add money to your PayPal account. To do this:

  • Make sure you’re logged in to your PayPal account
  • Under the section on your dashboard that displays your PayPal balance, click ‘Add Money’
  • You can then select to add money from your linked bank account
  • Enter your withdrawal amount and click ‘Next’
  • Check all the details are correct and then click to confirm your withdrawal from your bank account

How long does it take to add funds to your PayPal account?

Depending on your bank, it can take between 3 – 5 working days to add money to your PayPal account. If you are trying to transfer money from a bank account to PayPal instantly because you need to do it urgently, preparing ahead of time is your best bet. Alternatively, there a plenty of companies who will allow you to send money instantly.

How to make an instant payment with PayPal?

Despite it taking several working days to transfer funds from your bank account to your PayPal account, it is possible to make an instant payment with PayPal. When making an online payment or signing up for a subscription, rather than entering your card details you can choose to pay via PayPal. 

When you do this, the seller or merchant will be credited immediately, while your bank processes PayPal’s request for the money. To complete an instant transfer with PayPal, you’ll need to have linked your bank account to your PayPal account already using the steps listed above. PayPal will usually email you once the transaction is successfully completed.

What are the PayPal fees for adding money to my account?

It should be free to transfer money from your account to PayPal, and to make purchases with your PayPal account. However, there are fees to send and receive money from PayPal in some cases.

Make sure to check overseas charges beforehand

For example, sending money outside the UK in a currency other than GBP can incur charges between around 3.5 – 4%.

Bottom line: watch out for the fees

PayPal is a convenient way to make online payments because you can simply log in with your email address rather than having to enter your card details every time. Likewise, PayPal can be a useful way to send and receive smaller payments from friends and family, however the fees are very high and if you’re looking to send money internationally you’ll find Paypal one of the most expensive options available. Particularly for larger sums using Paypal should be avoided.

Find the best rate on money transfers


Related content

How To Send Airtime
What is airtime? Sending airtime, or purchasing airtime top up, refers to the process of adding credit to a recipient’s phone plan. This form of money transfer is popular around the world as it allows customers to remotely reload the balance of a recipient’s phone credit, which can come in handy in an emergency or […]
IBAN vs Account Number
Money transfers come in all shapes and sizes. You might be sending money to friends and family, setting up a recurring online payment or making mass international business transfers. In the interest of clearing things up for all customers, this guide will focus on how to differentiate between an IBAN and an account number.
IBAN vs Routing number
Understanding the difference between an IBAN and a routing number will massively benefit both parties involved in an international money transfer. In this guide we will present the distinguishing features of both, looking at the similarities and differences between the two identification codes. 
Transferring Large Amounts Abroad
How to transfer large sums of money internationally? To transfer a large sum of money internationally, you’ll need to find a currency broker or bank that can handle this request for you. Your two main options are: Using a high-street bank which can facilitate large transfers between two bank accounts. Using a specialist money transfer […]
International Money Transfer Limit IRS
In this article, we’ll cover: The documents and checks you need to be aware of when making an international money transfer How the IRS is involved with international money transfers and the surrounding legislation Any sending/receiving limits that could affect your transfer What documents will I usually need to provide when sending an international money […]
Fastest Ways to Send Money
With online banking making accessing your money as instant as sending a text, you’d be forgiven for assuming transferring your money abroad from a bank account would be just as quick. However, transfer speeds can vary depending on a number of factors – and you bank account might not be the best option to send […]
Yasmin Purnell

Yasmin Purnell is a Content Writer and Editor for MoneyTransfers.com. Having over 5 years’ experience writing across a range of industries including finance, insurance, and travel, Yasmin joined the team with a mission to make international money transfers and everything they encompass accessible to all.

All Services