To transfer money from PayPal to your bank, you'll need to link a debit card or account first. If you've already linked either of these, skip to the next section.

Checking accounts generally come with debit cards for in-person and online use, but this isn’t the only way to access your balance. You can also transfer funds electronically from your account.

While PayPal offers debit cards, a savings account and other bank-like services, it’s still a payment processor — not a regulated bank. This means you’ll miss out on essential services like ...