PayPal offers users who have enrolled in the PayPal Cash Card debit card the option to utilize the direct deposit feature, allowing them to receive payments directly into their PayPal accounts. Here’s a guide on how to determine if your account is eligible for direct deposit and how to set it up:
Eligibility Verification
Before initiating the direct deposit setup process, it’s essential to confirm if your PayPal account qualifies for this feature. The routing and account numbers provided for direct deposit can only be used to receive incoming payments.
Finding Your PayPal Account Number
To locate your PayPal account number for setting up direct deposit, follow these steps:
Access Your PayPal Account: Visit PayPal.com or launch the PayPal mobile app and log in to your account.
Navigate to Settings: Click on the gear icon located in the upper-right corner of the screen to access your account settings.
Direct Deposit Setup: If your account is eligible for direct deposit, you’ll find the option labeled “Set up or view direct deposit” on the settings page. Click on this option.
View Direct Deposit Information: Once you select the direct deposit feature, you’ll be presented with your PayPal direct deposit details, including the routing and account numbers required for the setup.
Record the Information: Copy down the provided routing and account numbers onto the direct deposit form provided by your employer or government benefits manager. Ensure that you indicate your account as a checking account (not a savings account). Submit the completed form to your employer for processing.
Payment Processing
PayPal advises that it may take one or two pay periods before your account is set up to receive direct deposits. You’ll receive a notification once the first deposit has been successfully made into your account.
By following these steps, eligible PayPal users can easily set up direct deposit to conveniently receive payments directly into their PayPal accounts.
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