Setting up PayPal for your work at home jobs is smart. It’s an almost universal way to get paid online because most people already use it. It can be easily linked to your bank account for withdrawals and if you’re in the USA, you can opt for a PayPal debit card and take money out of an ATM bank machine. I’ve used it since early 2006 and I’ve learned to predict transactions for most of the time.
If you’re in Canada, when do PayPal Transfers Reach Your Bank Account?
I’ve dealt with PayPal with TD Bank, with Royal Bank, and occasionally with ING Direct. Here has been my experience:
Transfer from PayPal on Monday – Arrival Wednesday
Transfer from PayPal on Tuesday – Arrival Thursday
Transfer from PayPal on Wednesday – Arrives on Friday
Transfer from PayPal on Thursday - Arrives Monday
Transfer from PayPal on Friday – Arrives on Monday
Transfer from PayPal on Saturday – Arrival on Monday
Transfer from PayPal on Sunday – Arrives Tuesday
What are PayPal Transfer Timing Cut Offs:
If I transfer before 5:pm PST (8:pm EST), the funds arrive according to the above schedule. If I transfer later than that, it doesn’t start processing until the following day. An exception is my Payoneer ACH US Virtual Account / Debit Mastercard. I have submitted transactions at 10:30 EST (7:30 PST) and have seen the same 2 day turnaround. I haven’t yet experimented with later transactions.
What Time do the Funds Arrive in your bank account from PayPal?
(These are not guarantees and are based on personal experience only)
TD Bank accounts vary from 5:15 pm to 5:45:pm arrival.
Royal Bank accounts varies from 2:30-3:pm arrival.
Payoneer varies from 5-6am arrival. Update: There seems to have been a change lately and this is now often arriving in the late afternoon instead of first thing in the morning
We haven’t tested timing for ING Direct arrival yet.
What About PayPal Transfers and Holidays:
If you’re in Canada and receive PayPal payments, it’s prudent to know when there are US holidays so you can be prepared for transfer delays. If there’s a US holiday, there will be a one day delay. If there is a Canadian holiday but it’s a regular business day in the US, the funds usually post first thing the following morning (so if you’re accustomed to 5:30 deposit time on Monday and Monday is a holiday, it may be there first thing Tuesday morning). If there’s a US only holiday, I’ll often transfer funds to my Payoneer account so I don’t have to wait the extra day for my funds, if needed.
Mysterious Transfer Delays on PayPal
Sometimes, for whatever reason or another (less than 10% of the time) there’s an extra day involved. If you are waiting on funds always try to leave an extra 24 hours for the funds to arrive .Most times you’ll see that they arrive on schedule but there are some inexplicable delays that occur from time to time.
Bottom line: PayPal usually lists a 3-5 day transfer period but in my experience it is generally within 48 hours except on weekends.
Do you do PayPal transfers with other banks (CIBC, Bank of Montreal, or other banks in Canada, the US, or elsewhere?) If so, kindly share your experiences about transfer timelines and time of arrival.
Got questions? We’ll try our best to answer but may need to defer to PayPal’s customer service. If you need to speak to them, try https://www.paypal.com/cgi-bin/webscr?cmd=_contact_us.