What countries can withdraw Paypal money into your bank account locally?
Posted by Fione Tan, head internet marketing coach
After the post about accepting paypal money for Malaysians, i’ve received enquiries about what are the countries that can directly transfer funds in their Paypal account into their local bank account. Here are a list of countries that which are allowed for withdrawal from their Paypal account using the adding bank account function.
- Czech Republic, Denmark, Finland, French Guiana, Greece, Guadeloupe, Hong Kong, Hungary, India *, Ireland, Japan, Luxembourg *, Martinique, Mexico, New Zealand, Norway, Portugal, Reunion, Singapore, South Korea, Sweden, Taiwan and Thailand
The countries above can not only withdraw money into their local bank account, they can also send the money to the money into a US bank account. For India & Luxembourg which is marked with asterisk above, they have an extra option to withdraw their paypal money into their debit, credit or prepaid card.
When you withdraw funds from your Paypal account into the local bank account, there is No Additional Fees charged if you withdraw the standard withdrawal limit (depending on your country). E.g. for Australians, you can withdraw AU$150 and above into your bank account for free, and if for for amount AUD149.99 or less, then you pay a withdrawal fee of AUD1.00.
Certain countries have their own localised version of Paypal so you need to sign up at the local paypal website. Sample of those countries are like Australia, Austria, Belgium, Canada, China, France, Germany, Italy, Netherlands, Poland, Spain, Switzerland, and United Kingdom.
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November 22nd, 2007 at 6:46 am
great tip. I have a USA bank account. So I have never had an issue with paypal
December 7th, 2007 at 3:43 pm
Thanks Fionne for this useful piece of information. I’m sure it definitely helps to clear many of our doubts.