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Finances

easy bank transfers with paypal

Do you have checking accounts over multiple banks? Do you hate having to write yourself a check and go to an ATM to deposit it?

An easy way to transfer the money between banks without having to actually do any work is via PayPal. Without a fee, you can add funds to your account from one bank and then withdraw them into another. The biggest downside is that this could take as long as 6-8 business days to complete, so if you need the money transferred that second or can’t afford that long of a hold, this wouldn’t be for you.

I’m using it currently because I’m transferring primary banks. Between automatic withdrawals, outstanding checks and direct deposits, I’m slowly transferring money and automatic transactions to the new checking account. For this, the PayPal method is working like a champ.

By Brandon Kraft

My life is an open-source book.

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