Are you not using PayPal anymore? Do you want to remove bank account from PayPal? With PayPal, it has always been a cakewalk to receive and send money for your business. Before we talk about removing your bank account, make sure to check out our other PayPal guides on Money Brighter.
The platform always helps in smoothening the process of fund transfer across the countries. You can add and delete or update your banking information on PayPal at any given point in time. If you have already linked your bank account with your PayPal account and you want to change or remove it, you just need to follow a few steps.
Reasons to Remove Bank Account From PayPal
With the changing needs of your business, you might want to update or remove your old bank account from PayPal. You can remove your bank account if you’re going to add a new bank account as well.
If you’re going to delete your PayPal account, then also you need to remove your bank account linked to the PayPal account. If the PayPal account is not in use or you do not wish to keep it connected with your bank account, you can remove them later.
How To Remove Bank Account From PayPal
Removing a bank account that has been previously linked with PayPal is quite easy. You just need to follow the steps below.
- First, you need to log in to your PayPal Account. Access the official PayPal website.
- On the Home Page, you will see a tab ‘Banks and Cards’ on the left-hand side of the screen.
- Now click on the tab, and you will find your linked Bank account.
- Once you click on the Linked bank account tab, you will find an option at the bottom of the page ‘Remove Bank Account.’
- If you are sure about removing the bank account, you can just click on the option.
- Before clicking on the option, do not forget to review all your bank account information.
- Your bank account will be removed once you click on the option, it may take some time to get the updates.
When it becomes difficult to remove a bank account from PayPal?
There are certain cases, where it has been found to be stressful on PayPal users. They are having difficulty removing the bank account attached to their PayPal account. There can be two scenarios for which you might face hurdles in removing the accounts.
For Pending Transactions
If you have a waiting payment/transactions in your PayPal account linked to the bank account you want to unlink, the process cannot be completed. It is because the bank account you want to remove is already in operation.
To remove bank account, first, you need to check whether all the transactions relating to that account have been settled or not. If not, you need to wait for the transactions to complete.
Once there is no pending transaction, you can go ahead with the steps mentioned above. Then you can unlink your bank account from PayPal.
On PayPal, you can add multiple bank accounts and cards. Suppose, you have added three bank accounts, out of them you need to make one account as a primary account. When you want to remove your bank account, you need to see whether it is the primary account or not.
For Primary Bank account
If the bank account you wish to remove is a primary one, you need to update and change it to another bank account. When you make another bank account the primary one, you are free to remove the bank account you do not want.
If you try to unlink an account, which is your primary account on PayPal, the request for removal won’t be processed. This only applies to the primary account.
If you want to remove your bank account from your PayPal account, you can follow the steps mentioned above. It is not a hectic process at all, and you can always add a new bank account to your PayPal and update it whenever necessary.