In today's fast-paced digital world, the ability to seamlessly transfer money between different platforms is a necessity.
Whether you need to split a bill with friends or send money to family, knowing how to move funds between popular payment services like PayPal and Zelle can be incredibly useful.
While direct transfers between PayPal and Zelle aren't possible, there are steps you can take to accomplish this task.
Here's a detailed guide on how to transfer money from PayPal to Zelle.
Learn More: Robinhood Retirement 3% Match
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1. Transfer Money from PayPal to Your Bank Account
The first step in transferring money from PayPal to Zelle is to link your PayPal account to your bank account.
If you haven't already done so, follow these steps to add your bank account to PayPal:
- Log in to your PayPal account and navigate to the "Money" section.
- Click on "Link a bank" (If using the app, tap Menu then "Banks and Cards").
- Select your bank from the list or search for it.
- Enter your online banking details to instantly link your bank account with your PayPal account. Alternatively, you can choose to link your bank account manually by entering your bank details and agreeing to link them.
- After linking your bank account, PayPal will send two small deposits (less than $1.00) to your bank account for verification.
- Once you receive the deposits in your bank account (which may take up to 3 business days), go to your PayPal wallet and enter the exact amounts to confirm ownership of the bank account.
Now that your bank account is linked to PayPal, you can proceed with transferring money by following these steps:
- Log into your PayPal account.
- Click on "Transfer Money."
- Select "Transfer to your bank."
- Enter the amount you want to transfer and double-check the information.
- Click "Transfer Now" to initiate the transfer.
2. Connect Your Bank Account to Zelle
Zelle is widely supported by major US banks and is integrated into many banking apps, making it easy to link your bank account to Zelle.
Here's how you can do it:
- Open your banking app and navigate to the Zelle section.
- If you haven't already signed up for Zelle, follow the instructions provided in your banking app to do so.
- Alternatively, you can download the Zelle app and sign up.
- Link your bank account by entering your online banking credentials (username and password) into the Zelle app.
Once your bank account is connected to Zelle, you can use funds from your PayPal balance to transfer them to your bank account. From there, you can use Zelle to send money wherever it's needed, free of charge.
