How to Transfer From PayPal to Etrade

By Katrina Matterhorn

Etrade is an online stock trading, investing and brokerage site. You can purchase and trade stocks for a fee or invest in companies offered. Etrade offers tools such as an income estimator, risk analyzer, portfolio analyzer and even a retirement quick plan, which gives you an estimate of how much you need to save/invest per year to reach retirement goals you have entered. You also get an Etrade bank account. You can link your Etrade bank account to your PayPal account so that you can transfer money when you need to.

Step 1

Type your email address and password in the PayPal account login page (see Resources).

Step 2

Hover over the "Profile" link and click "Add or Edit Bank Account."

Step 3

Type your Etrade bank account routing number and account number in the fields provided. Click "Confirm Bank Account in 2-3 Days." PayPal will then place two separate deposits into your bank account and ask you to enter those amounts.

Step 4

Click "Confirm Bank Account" to enter the amounts into the PayPal confirmation page once you have received the PayPal deposits into your bank account. They are usually under $1.00 combined. Once you have confirmed your bank account, you can transfer funds.

Step 5

Click "Withdraw," then "Transfer to Bank Account to transfer funds." Select your Etrade bank account. Type in the amount to transfer and click "Send."

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