Today I am going to tell you cóThis is the process and steps to follow to be able to transfer the funds you have in PayPal to a local savings or checking account.
Okay, That's not something totally new., but it has very little time to be implemented in Ecuador, así what is guíIt will help you to know the step by step of this process, which is not complicated at all..
¿You need to have the money you have in your PayPal account to use in your daily purchases or to pay bills in Ecuador or any other país latinoamericano? Well, I tell you that it is finally possible to do it and the process of transferring funds to your bank account is very simple and fast.áI ask.
Transfer funds from PayPal to an account
One optionón más to work with electronic mediaóunique to your business or for collections abroad. Whatever the reason, some of us use PayPal and for many of usñWe have had this account accumulating some money without being able to bring it to the countryís or at least do it in a m wayás ráask (before you caníwith a check, but it took a long time).
With the option finally enabledón transfer to your bank account the time has been reduced and the process is very, very fácil.
Nextón, I present to you a guístep by stepás complete, con imágenes and examples so you can do it without problems:
Paso 1: Access your PayPal account
- Diríboots a to página web de PayPal (https://www.paypal.com/ec/home?locale.x=en_EC) and start sesión with your emailóunique and passwordña. Assegúrate of being in a connectionósafe when making the transactionón and protect your passwordña from PayPal.
Paso 2: Locate the sectionón «Associate bank account»
- In the middle part of the screen there is the ícone to associate card or bank account.
- In the search engine, look for your local bank and fill out the information if you have a checking account, savings, núaccount grouper, cédrama, nútel grouperéyour phone and your addressón.
- The SWIFT Code is the mostáIt's important, asegúrate of entering the exact data that your bank gives you, which could be becauseóI say general or per branch.
- We finish this part by clicking on the botón blue to associate bank account.
Paso 3: Locate the sectionón «Briefcase»
- At the top of the screen, meetás the plagueña «Briefcase». Haz clic ahí and then select the optionón of the botón blue «Transfer funds».
Paso 3: Choose «Transfer to your bank account»
- in the menuú dropdown, choose the optionón «Transfer to your bank account». This optionón allow youá transfer the money from your PayPal account to the bank account you have associated in Ecuador or another countryís..
Paso 4: Link your bank account (we already saw it in the step 2)
- You are aún you have not linked your bank account to PayPal, dutyás do it now. For it, tenderás you need to provide your account details, like noúaccount grouper, the type of account (saving, current, etc.) and the name of the issuing bank.
- Example: If your bank account is with Banco Pichincha, dutyás select the optionón «Pichincha Bank» in the menuú banks drop-down list and then enter the specific dataídetails of your account, like noúaccount group and account type.
Paso 5: Select the destination bank account
- From the list of linked bank accounts, choose the account you want to transfer the funds to. AssegúMake sure you select the correct account to avoid transfer errors.
Paso 6: Enter the amount you want to transfer
- In the corresponding field, write the amount of money you want to transfer in dóhomes.
Paso 7: Review and confirm the transactionón
- Carefully review all informationón: AssegúMake sure the amount to be transferred is correct, Make sure the destination bank account is the one you want and verify the fees applicable for the transaction.ón.
- Example of rates: You can see the details of the fees on the PayPal website before confirming the transaction.ón.
- In my case for $100 the commissionón was $10 dóhomes.
- Confirm the transactionón: Once all the information has been reviewedón, click the botón «Transfer» to confirm the transactionón.
Paso 8: ¡List!
- Your transfer will be processedá within a period of 5 a 7 días hábiles, depending on your bank and other delayed processes that may occur along the way.
- In my case it took a whileó 10 días
- To receiveás a notificationón by emailóonly when the transfer is complete and seeáthe transaction is reflectedón in your account.
- Save the receipt in case you need a backup.
AND, ¿cuáIt doesn't take long?
In my personal experience the PayPal transfer process takesó only 12 hours, but it may depend on your bank and other conditions, so it is better to consider a longer time.
Additional information, a mí the transfer is creditedó as if it were a local transfer from Produncando.
Charges and commissions
At the time of this experiment, I only receiveí a charge of $10 of PayPal and ofúAn additional tax has been charged by my bank in Ecuador.
Additional Tips:
- Check the lítransfer mites: PayPal sets límites for the amount mámaximum you can transfer in a día, a week or a month. You can consult these límites on the PayPal website.
- solutionóno of problems: If you have anyún problem making the transfer, You can consult the PayPal Help Center or contact customer service.ón to the PayPal customer or your bank.
¿Have you ever used this service?? Déjame know your experience in the comments.
