PayPal’s Withdrawal Limit
PayPal accounts start out with a $500 monthly withdrawal limit. This limit only applies to money in your PayPal balance that you want to transfer to your bank, not to money you send to other PayPal members, so it only comes into play if you receive payments using PayPal. To withdraw over $500 per month, you need to confirm one or more of your bank accounts or credit or debit cards.
Check Your Limit
To check your account limits, log in, proceed to your Account Summary page and click See how Much You Can Send With PayPal on the sidebar. The following page shows the status of all limits on your account, including the “Withdraw Money” limit. If you have a confirmed bank or card, it reads “Limit Lifted.” Otherwise, click Lift Limits to provide the necessary information to remove the limit.
Confirm a Bank or Card
When you click Lift Limits, PayPal walks you through confirming your information (or adding a bank account, if you haven’t added one yet). Some banks support instant confirmation if you provide PayPal with your online banking information. For other banks, PayPal sends you two small deposits. After they arrive, visit the Lift Limits page again and report their amounts to prove your identity. Credit and debit card confirmation works similarly. PayPal charges your card a small amount. Check your card’s statement to find a code number attached to the charge. Return to the Lift Limits page and enter the code to confirm the card is your own. Writer Bio
