Question of the day: why can’t i transfer money from paypal to my bank account? There are many reasons for this and i’ve explained it on this post.
What can be so annoying than not being able to transfer money from paypal account to bank account. After working so hard on the internet and using PayPal as your means of receiving earnings, you can’t transfer the earnings to your bank account.
So many users ask this question and there are answers to it.
Why can’t i transfer money from paypal to my bank account
Like i said there are number of reasons why you can’t transfer money from paypal to my bank account and they are as follows.
1. PayPal Restriction
When i say PayPal restriction, it isn’t just on your PayPal account but rather your country.
Is quite unfortunate that PayPal imposed a limit on some number of countries from transferring money from their PayPal account to your local bank account. Reason for that i’m still not able to figure it out.
For me this is very bad. A user can use PayPal to make payment, but when it comes to receiving money to paypal account and transferring the money to the bank account, it won’t go through.
In the situation of PayPal restriction, you can’t file a complaint and email them to remove the restriction from your account. I’ve tried this a couple of times and there was no response whatsoever.
The only solution to this is Paypal removing the restriction imposed in your country and enabling paypal user’s from the said country to transfer money to their local bank account.
So before using PayPal as a means of receiving money through online, you need to be sure that there is no PayPal restriction imposed on your country.
2. PayPal account limitation
Another reason on this question of why can’t i transfer money from paypal to my bank account is Paypal account limitation.
This looks quite similar to account restriction but different in the way that it isn’t applicable to country but rather a user account.
If PayPal flagged your account, they may limit your account from transferring the money from your PayPal account to bank account your local bank account. This comes in handy if they noticed a suspicious activity or transaction on your PayPal account.
Many a time they can ban your account temporarily or permanently and you’ll loose all the money in your PayPal account balance.
However, in this case, you can remove the limitation imposed on your PayPal account.
To do so, go to PayPal dispute and resolution center and under ‘You account access is limited’, click Go to Account Limitations. Then tap on “Resolve” and follow the steps to provide that information.
Please note that paypal might ask you to upload some documents though it is usually your means of identification on the resolution center.
If everything goes fine, they will remove the limitation from your paypal account and which you can start to receive money and to also transfer it to your bank account.
For this why can’t i transfer money from paypal to my bank account, these are the reasons for that. And again before using PayPal to send or receive money, be hundred percent sure that there’s no restrictions or limitations imposed on your paypal account.
How to transfer money from paypal to bank account
First is to transfer money from paypal to bank account using the mobile application.
First download and install PayPal application for your smartphone and login to your account.
Your PayPal account dashboard will display and which includes your account balance. Scroll down to the bottom and you’ll see transfer.
Click on transfer money anr also the bank which you want to transfer the money to. Below it click next and enter the amount you want to transfer.
Click on the confirm button to finalize the transfer to your bank account.
Using a browser: Open paypal on your browser and login to your account. On the top of your screen, you’ll see where it is written “wallet”.
Click on wallet and it will display your paypal balance and below it states “transfer money”.
Click on transfer money and also transfer to your bank. Also select the bank account which you want to transfer the money to and click on next.
This is followed by you entering the amount you want to transfer and also click next. Finally confirm the transfer and that’s it. You’ve successfully transfer the money from your PayPal account to your bank account.
It should take a maximum of 24hrs for the money to reflect in your bank account.
Don’t Forget To Read
I hope i’ve answered the question on why can’t i transfer money from paypal to my bank account. If your account is restricted based on suspicious activity, you can file a complaint to PayPal and have it removed. But if not, i’m sorry there’s nothing you can do about that.