How to Add a Savings Account to PayPal

Go to www.PayPal.com., Log into your PayPal account by entering your email address and PayPal password in the appropriate fields in the "Account login" box to the right of the PayPal home page., Click on the yellow "Log In" towards the bottom of the...

10 Steps 2 min read Medium

Step-by-Step Guide

  1. Step 1: Go to www.PayPal.com.

    Make sure the drop down menu under the PayPal password field has "My Account" selected. ,,, This will direct you to your "Bank Account" page. , This will take you to the "Link your bank account" page. ,, This information will include both your routing number and account number.

    These can be found on one of your checks linked to your specific bank account.

    Routing Number:
    The number on the bottom left hand side of your check is your routing number; locate this number and enter it into the "Routing number" field in the middle of the "Link your bank account" page.

    Bank Account Number:
    The number on the bottom right hand side of your check is your account number; locate this number and enter it into the "Account number" of the "Link your bank account" page.

    At the end of your account number, there is a "7" listed on your check in the account number area.

    Without using any spaces or dashes, add this "7" into the "Account number" field directly after your general account number.

    This "7" designates the savings account portion of your bank account. ,, This will take you to the "Confirm your bank account" page.

    In this page, you can either choose to "Confirm Instantly" by entering your account number and access codes.

    You can also choose the "Confirm in 2-3 days" option, which deposits 2 separate, very small deposits into your given account and asks you to verify them by transferring entering and transferring the exact same amount back to PayPal.

    These deposits will be less than $1.00 and are merely forms of confirming your bank account to your PayPal account.
  2. Step 2: Log into your PayPal account by entering your email address and PayPal password in the appropriate fields in the "Account login" box to the right of the PayPal home page.

  3. Step 3: Click on the yellow "Log In" towards the bottom of the "Account Login" box.

  4. Step 4: Select the "Profile" tab under the "My Account" section of your PayPal account page.

  5. Step 5: Scroll down and select the "Add or Edit Bank Account" option.

  6. Step 6: Click on the "Add Bank" button.

  7. Step 7: Select the "Savings" account option.

  8. Step 8: Enter your bank account information.

  9. Step 9: Enter your bank's name in the "Bank Name" field.

  10. Step 10: Press the yellow "Continue" button located at the bottom of the screen.

Detailed Guide

Make sure the drop down menu under the PayPal password field has "My Account" selected. ,,, This will direct you to your "Bank Account" page. , This will take you to the "Link your bank account" page. ,, This information will include both your routing number and account number.

These can be found on one of your checks linked to your specific bank account.

Routing Number:
The number on the bottom left hand side of your check is your routing number; locate this number and enter it into the "Routing number" field in the middle of the "Link your bank account" page.

Bank Account Number:
The number on the bottom right hand side of your check is your account number; locate this number and enter it into the "Account number" of the "Link your bank account" page.

At the end of your account number, there is a "7" listed on your check in the account number area.

Without using any spaces or dashes, add this "7" into the "Account number" field directly after your general account number.

This "7" designates the savings account portion of your bank account. ,, This will take you to the "Confirm your bank account" page.

In this page, you can either choose to "Confirm Instantly" by entering your account number and access codes.

You can also choose the "Confirm in 2-3 days" option, which deposits 2 separate, very small deposits into your given account and asks you to verify them by transferring entering and transferring the exact same amount back to PayPal.

These deposits will be less than $1.00 and are merely forms of confirming your bank account to your PayPal account.

About the Author

N

Natalie Ward

Specializes in breaking down complex practical skills topics into simple steps.

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