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Written by Ryan Scribner on February 11, 2024
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How To Transfer From PayPal To Zelle 2024

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

Robinhood is a popular "all-in-one" investing app.

While they are most well-known for their commission free stock trading, they've recently shaken up the Retirement Investing World too.

Introducing Robinhood Retirement; home of the biggest IRA match on the market.

Robinhood IRA Boost

Here's what you need to know:

  • Robinhood offers 2 types of retirement accounts - the Roth IRA and Traditional IRA
  • All Robinhood investors will get a 1% Match on what they Contribute or Transfer
  • Robinhood Gold members will get a 3% Match - the biggest on the market

And don't worry, this comes with a Portfolio Builder Tool. You don't have to construct your investment portfolio from scratch if you don't want to.

Lastly, you'll even get a free stock worth up to $200 when you open a new Robinhood account using our link.

Best Free Stock Promotions

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Robinhood Logo1 Free Fractional Share Worth Up To $200Learn More
Webull LogoEarn Up To 40 Free Fractional SharesLearn More
Moomoo Logo5 Free Stocks When You Deposit $100+Learn More
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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:

  1. Log in to your PayPal account and navigate to the "Money" section.
  2. Click on "Link a bank" (If using the app, tap Menu then "Banks and Cards").
  3. Select your bank from the list or search for it.
  4. 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.
  5. After linking your bank account, PayPal will send two small deposits (less than $1.00) to your bank account for verification.
  6. 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:

  1. Log into your PayPal account.
  2. Click on "Transfer Money."
  3. Select "Transfer to your bank."
  4. Enter the amount you want to transfer and double-check the information.
  5. 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:

  1. Open your banking app and navigate to the Zelle section.
  2. If you haven't already signed up for Zelle, follow the instructions provided in your banking app to do so.
  3. Alternatively, you can download the Zelle app and sign up.
  4. 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.

Article written by Ryan Scribner
Ryan Scribner is the Co-Founder of Investing Simple and author of the personal finance book ‘From Side Hustle To Main Hustle To Millionaire’ (available on Amazon and at Barnes & Noble). He is recognized as a Top 100 Money Expert by GoBankingRates. Ryan Scribner runs a successful YouTube channel focused on money and investing, which he started in 2016. Scribner was exposed to the finance world early on with a dad who is a financial advisor. Before he started his YouTube channel, he was working and making a surplus of money which he began investing on his own. Then he started to document it on his YouTube channel, before launching the Investing Simple blog in 2018. Ryan Scribner has used his own experiences with money to show others what he’s done to be successful so that they can learn from it. He has been featured in The Wall Street Journal in a publication on The Financial Gurus Millenials Listen To. In addition, Ryan Scribner has been featured in MarketWatch, Business Insider and Forbes - where he was recognized as the #1 Must Watch YouTube Channel For Making Money.

Read more

Power Your Investing

Choosing the right product and service is essential for your investing. Here are some of the tools and services to help your portfolio grow.
Robinhood
Robinhood provides an easy-to-use commission free trading platform for beginner investors. Robinhood has $0 account minimums. Get a free stock when you open an account below. Limitations Apply.
Try Robinhood
M1 Finance
M1 Finance offers a free investing platform where users can build portfolios of stocks and ETFs. Users can also choose from a variety of pre-built portfolios offered for free.
Try M1 Finance
Fundrise
Passively invest in private real estate deals with as little as $10. Fundrise allows you to own residential and commercial real estate across the U.S. starting at a 1% annual fee.
Try Fundrise
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Get 1 Free Stock Worth Up To $200 From Robinhood!

Don't Miss This Opportunity!

Investing Simple readers can claim a free stock from Robinhood worth up to $200 when they open a brokerage account and deposit any amount.

For US Residents only. Investing Simple is affiliated with Robinhood, and we may earn a commission when you sign up for Robinhood.

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