- You can add money to your PayPal account at any time using your linked bank account.
- There are no fees when you transfer money to PayPal from your bank, and you can always send it back again.
- PayPal does not require you to keep money in your account as long as your linked bank account works, but a PayPal account with easily accessible cash can simplify and speed up payments.
- Visit Business Insider's homepage for more stories.
If you're like me and a lot of people these days, PayPal handles a lot of bills for you.
With Netflix, eBay, and various other services linked to a PayPal account, the fees are all handled automatically without having to do so much as click a link or tap on an app.
However, because I'm never exactly sure when a PayPal charge is coming, I always leave a cushion of cash in the account. I also like knowing that with cash in my account I can immediately send money if I have access to a phone or computer that has access to the web.
If you want to make sure you have access to immediate funds if you ever need it, pad your PayPal account by adding some money. Here's how.
How to add money to your PayPal account
1. Log into your PayPal account and click "Transfer Money" under your balance on the home page.
2. On the next page, click "Add money to your balance."
It is free to transfer money in both directions between PayPal and your bank, but the process may take several days to complete. Steven John/Business Insider3. Enter the amount of cash you wish to transfer from your bank, then hit "Add."
Click "Add." Steven John/Business Insider4. On the next page, click "Add $ (XXX amount)" to complete the transfer.
Click the button to complete the transfer. Steven John/Business InsiderRelated coverage from How To Do Everything: Tech:
You can use most credit cards on PayPal – here's how to add a card and link it with your account to make purchases
How to transfer money from PayPal to your bank account for free, in 2 different ways
How to change your PayPal password to keep your account secure, or reset the password if you've forgotten it
How to set up and use Apple Pay on your iPhone to make contactless payments at thousands of stores
Steven John
Freelance Writer
Steven John is a freelance writer living near New York City by way of 12 years in Los Angeles, four in Boston, and the first 18 near DC. When not writing or spending time with his wife and kids, he can occasionally be found climbing mountains. His writing is spread across the web, and his books can be found at www.stevenjohnbooks.com.
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PayPal wants you to get your money faster.
The online payments company said Tuesday it will start rolling out Instant Transfer to bank accounts in the US in the coming week. The feature lets you quickly move money from your PayPal account to your bank account instead of using the standard transfer function, which usually takes one business day. The new feature comes via an expanded partnership with JP Morgan Chase, which has given PayPal access to a real-time payment network used by major banks.
PayPal said getting faster access to your money can be important and was a motivating factor behind the creation of Instant Transfer. It launched a similar feature, Instant Transfer to debit cards, in 2017.
"Faster access to your money can also mean being able to cover unexpected expenses and emergencies, staying on top of bills and avoiding late fees," Bill Ready, PayPal's chief operating officer, said in a blog post Tuesday.
Instant Transfers usually take just a few minutes depending on the bank, said PayPal, while debit card transfers can take up to 30 minutes. Each transaction has a one percent fee capped at $10, and those fees can change.
The new feature will be accessible to US users at first, but PayPal expects an international launch in the near future.