Withdraw Money from PayPal Without a Bank Account [7 Options]

Last Updated on October 27, 2023

If you don’t have a traditional bank account and need to move the money you have accumulated on PayPal to another place, then here are your options.

I withdraw money from my PayPal account without a traditional bank account by transferring the money to another Fintech platform with a Visa or Mastercard Debit Card. In many cases I use Revolut as an option because they provide a bank information to transfer the money and I withdraw using a debit card by ATMs or In-Store purchases.

There are other options to withdraw money from a PayPal account without a bank account, so let’s dive deeper and explain better in details.

How to withdraw money from PayPal without a bank account

Having a bank account is almost a necessity for managing finances. However, not everyone has a bank account, and for various reasons, they may not wish to link it to their PayPal account. That’s perfectly okay. So, below are ways you can withdraw money from PayPal without a bank account:

1. Transfer to a prepaid card

One way to withdraw money from PayPal without a bank account is to transfer to a prepaid debit card, such as a PayPal Prepaid Mastercard.

The PayPal Debit Mastercard is issued by The Bancorp Bank, N.A, and allows you to make purchases or withdraw cash from ATMs just like a regular debit card. The main difference is that you can only spend the money that you have loaded onto the card, so it can help you stick to a budget.

Also, the debit card is only available to PayPal users who have a registered business account.

If you have a business account, you can spend your money anywhere and at any time in stores or online stores. Note that your PayPal Debit Card is valid wherever Mastercard is accepted.

To transfer money to a prepaid card from your PayPal account:

• Log in to your PayPal account on the website or mobile app.
• Click on “Transfer Money” from the home screen.
• Select “Transfer to your bank” and then click “Add a prepaid card.”
• Enter your prepaid card information, including the card number, expiration date, and security code.
• Confirm the information you entered and click on “Link Card.”
• Go back to the “Transfer Money” screen and select the prepaid card as the destination for your transfer.
• Enter the amount you want to transfer and click on “Next.”
• Review the details of the transfer and click “Transfer Now.”

Your money should be available on your prepaid card within a few minutes to an hour, depending on the processing time. 

2. Request a check from PayPal

If you don’t have a bank account and want to withdraw money from PayPal, you can request a check to be mailed to you for the balance in your account. This method may take longer than other options and may come with a fee. It usually takes 5-10 business days.

To request a check from PayPal, simply follow these steps:

• Log in to your PayPal account on the website or mobile app.
• Click on “Transfer Money” from the home screen.
• Select “Request a check” and then click on “Next.”
• Enter the amount you want to request and the mailing address where you want the check to be sent.
• Confirm the information you entered and click on “Request Check.”
• PayPal will process your request and mail a check to the address you provided within 1-2 weeks.

There’s a $1.50 fee for each check withdrawal and the minimum you can withdraw by check is $1.51.

3. Use a friend or family member’s bank account

If you have a trusted friend or family member who has a bank account, you can transfer the money from your PayPal account to their bank account, and they will withdraw the cash for you. This is a good option if you need to access your money quickly and you don’t have another way to do so.

But bear in mind that this doesn’t apply to PayPal credit.

To withdraw money from PayPal without a bank account to someone else’s bank account:

• Log in to your PayPal account on the website or mobile app.
• Click on “Transfer Money” from the home screen.
• Select “Send money to friends and family” and enter the amount you want to transfer.
• Enter the email address or phone number of the person whose bank account you want to use.
• Confirm the information you entered and click on “Next”.
• Select “Bank account” as the payment method and enter the person’s bank account information.
• Review the details of the transfer and click on “Send Money”.

Once the money is in your friend or family member’s bank account, they can withdraw it for you and give you the cash.

4. Withdraw to a cryptocurrency wallet

You can withdraw funds from PayPal to a cryptocurrency wallet, such as Bitcoin or Ethereum. However, keep in mind that this option may not be available in all regions and may come with additional fees

If you reside in the US, the maximum amount for weekly cryptocurrency transfers is $10,000 per week. As explained by PayPal, “This total maximum applies if you send internal transfers (to other PayPal accounts) or external transfers, or a combination of internal and external transfers.”

Here’s a detailed step on how to withdraw money from PayPal without a bank account to your crypto wallet:

• Log in to your PayPal account on the website or mobile app.
• Click on “Wallet” from the top menu.
• Click on “Cryptocurrencies” from the options available.
• Select the cryptocurrency you want to withdraw to your wallet.
• Click on “Sell” and enter the amount you want to withdraw in USD or the equivalent in cryptocurrency.
• Review the details of the transaction, including the exchange rate and any fees associated with the transaction.
• Click on “Sell Now” to initiate the transaction.
• Enter the address of your cryptocurrency wallet where you want the funds to be deposited.
• Review the details of the transaction one last time and click or tap on “Confirm.”
• The funds should be transferred to your cryptocurrency wallet within a few minutes, depending on the processing time of the cryptocurrency network.

Read also: could be possible to fake a bank account

5. Withdraw to a Revolut Account

This is one of the best ways for me, since I already have a Revolut Visa card. All I do is just get my account details on Revolut, paste it on PayPal, and send money from PayPal to Revolut.

To get your account details on Revolut, follow these steps;

• Select “Link Bank”

• Copy your Information from Revolut to PayPal

6. Withdraw money from PayPal to a mobile payment app

Yes, you can withdraw money from PayPal to a mobile payment app. But first, you need to link your PayPal account with the mobile payment app. For example, we’ve explained here how to link SoFi to PayPal and how to link Google Pay and PayPal balance which will help you cash your funds alternatively.

Here are the steps to follow:

• Download the mobile payment app you want to use and create an account if you haven’t already.
• Link your PayPal account to the mobile payment app. To do this, open the app and navigate to the settings or profile section. Look for an option to link a payment method or bank account and select PayPal as the payment option. Follow the instructions to connect your PayPal account to the app.
• Once your PayPal account is linked to the mobile payment app, you can initiate a transfer from PayPal to the app. Log in to your PayPal account and navigate to the “Withdraw” section to initiate the transfer.
• From the “Withdraw” section, select the option to transfer money to your linked mobile payment app.
• Enter the amount of money you want to transfer and confirm the transaction.
• The money should now be transferred from your PayPal account to your mobile payment app. Depending on the app, you may need to wait a few minutes or a few hours for the transfer to be completed.
• Once the transfer is completed, you can use the funds in your mobile payment app for purchases or transfer them to your bank account.

7. Use PayPal Cash

PayPal Cash is a feature that allows you to withdraw money from PayPal without a bank account by generating a barcode and presenting it at a participating retailer.

To use PayPal Cash:

• Log in to your PayPal account on the PayPal website or mobile app.
• Click on “More” at the bottom of the screen (on the mobile app) or on the left-hand menu (on the website).
• Click on “PayPal Cash” and then “Get a Barcode.”
• Present the barcode at a participating retail location, such as Walmart or 7-Eleven, and tell the cashier how much you want to withdraw in cash.
• Pay the cashier the amount you want to withdraw, plus any applicable fees charged by the retail location. 
• The cash should be loaded into your PayPal account within 15 minutes, and you can then transfer the money to your linked bank account or use it to make purchases.

Can I use virtual card to withdraw money from PayPal?

Yes, in most cases, you can use a virtual card to withdraw money from PayPal. However, this depends on the policies of your virtual card issuer and PayPal. Some virtual card providers allow you to link the card to your PayPal account and withdraw money, while others may not.

If you use the PayPal Debit Card, you will be able to spend from your PayPal account without your bank (if you even have a bank account in the first place).

FAQs

Can you get money out of PayPal without a card?

Yes, it is possible to get money out of PayPal without a card. You can transfer money directly to your linked bank account or have PayPal mail you a check.

Can I withdraw money from PayPal at ATM?

Yes, you can withdraw money from PayPal at an ATM. Simply use your PayPal Debit Card and the PIN you created when you turned on the card to withdraw at the ATM 

Why can’t I withdraw money from PayPal?

There may be a limitation on your PayPal account that prevents the withdrawal. The first reason for the limitation is that your bank account or debit card might not be able to handle the instant payment. You need to choose a new bank or card to fix this. The second reason is that the information you gave when you linked your bank account might differ from what your bank has on file.

What time does PayPal release funds by check?

It usually takes between 3 to 5 business days for PayPal to release funds if you request a check instead of withdrawing funds with a bank account.