Quick Guide of Withdrawing Money from PayPal to Equity Bank Account

In the past opening a PayPal account was easy and receiving money to your PayPal account was easy too. The problem was how to get your money to your bank account in Kenya.  I previously highlighted other methods that you can get paid when you work online. Now the recent Equity bank PayPal partnership makes it possible for anyone working in Kenya online to get paid on PayPal and withdraw money to their Equity Bank account. So how do you withdraw money from your PayPal account to Equity Bank account?

Withdrawing Money from PayPal to Equity Bank Account

• Open a PayPal account you can read how to open a PayPal account if you don’t have one
• Open an Equity Bank Account to link to your PayPal account
• Visit the Equity Bank website and select the Equity Bank PayPal Withdraw Service link.
• You will be redirected to the Equity Bank PayPal withdraw service website.
• On the PayPal Withdraw Service Landing page select the ‘Withdraw from PayPal’ menu option.
• On the customer Type selection page you will need to choose either “Individual” or “Business”
• Enter your Equity Bank account number and select the “Submit” button. Please ensure that the nominated account is registered in the individual or personal capacity performing the transaction and that you are authorized to transact on the account.
• A One Time Pin (OTP) will be sent to the cell phone number and/or email address as per the Equity Bank contact details for the nominated account.
• Complete the information on the Personal Details / Business Details page. The Withdraw amount must be in USD.
• View the quote and accept the terms and conditions.
• Review the information displayed on the confirmation screen and click on the “confirm” button to proceed with transaction.
• You will be redirected to PayPal’s website, where you need to login to the specified PayPal account and confirm the transaction.
• Once the transaction has been confirmed, you will be redirected back to the Equity Bank PayPal withdraw services page.
• On the results page you will see the transaction status and the transaction reference number.
• Click on the ‘Finish’ button to complete the process.
• Your Equity bank account will be credited with the net amount due to you after all fees have been deducted within 8 business days.

Adopted from official Equity Bank Website