How do I withdraw funds from my PayPal account?
There are 3 ways to withdraw funds from your PayPal account:
- Withdraw funds a to local bank account: The minimum amount you can withdraw is 15 SGD. The funds will be deposited to your bank account within 5 working days. There’s a fee if you withdraw less than 200 SGD, however, no fees apply if you withdraw 200 SGD or more.
- Withdraw funds to a U.S. bank account: The minimum amount you can withdraw is 1 USD. A fee will be charged per withdrawal. The funds will be deposited to your bank account within 5 working days.
- Instant transfer using your debit card: You can transfer your PayPal balance to an eligible Visa or Mastercard debit card linked to your PayPal account. The funds will be available in your card balance within 30 minutes. You can see the fee amount every time before you complete an instant transfer request.
To withdraw funds from your PayPal account:
- Go to Wallet.
- Click Transfer Funds.
- Click Transfer to your bank account.
- Follow the instructions.
To withdraw money in the app:
- Tap your PayPal balance.
- Tap Transfer Money.
- Follow the instructions.
Here are a few tips regarding withdrawing funds from your PayPal account:
- Once a withdrawal request is made, it can't be cancelled.
- Eligibility of a Visa or Mastercard debit card to process Instant Transfer is dependent on the participation of your card issuer. We'll check the participation status every time you initiate a transfer. If one or more debit cards in your PayPal Wallet are eligible for Instant Transfer, then you’ll see them on your money transfer page.
- You can't withdraw funds to a credit card.
All transfers are subject to review and could be delayed or stopped if we identify an issue.