When you have received money through Equity Bank on PayPal, to withdraw the cash you must follow this procedure
The Equity Bank Withdraw Service is exclusive to Equity Bank and enables PayPal account holders to withdraw funds paid into their PayPal accounts through Equity Bank.
The service is available to customers with an Equity Bank account. Funds can be withdrawn from PayPal to Equity Bank transactional accounts in KES or USD, excluding credit cards.
When performing a withdraw transaction ,the bank will verify your Equity Bank and personal details and you will be redirected to PayPal to confirm the withdraw transaction. A withdraw from a PayPal account takes 3 business days to reflect in your Equity Bank account.
To withdraw, click here
But before you withdraw the money,you must take note of online security.This are is sensitive,and there are guys out here who would love to steal your personal details and withdraw your money.
How to Protect your Account
- Keep your computer up-to-date with antivirus software, operating system patches, firewalls etc. and ensure your browser is set to the highest level of security.
- Be wary of unsolicited emails or phone calls asking you for PINs or passwords – Equity Bank never makes such requests over the phone.
- Never click any link sent to your email address asking you to login to the Self Service Portal. Below are the ways to access the online platform:
Paypal Withdrawal Fee
- No PayPal account set up costs.
- When receiving funds into your PayPal account, PayPal charges between 2.4% and 3.9% + USD 0.30 per transaction.
- PayPal currency conversion fees may apply at 2.5% above the prevailing exchange rate.
**Please visit www.paypal.com/ke for more information.
- Where payment is made into a KES/EUR/GBP Equity Bank account, the payment will be based on the USD/KES/EUR/GBP Bank’s exchange rate prevailing at the time of effecting the transaction into your Equity Bank account
- Equity Bank charges a transaction fee of 1.5% of the withdrawal amount.
How long does it take to get paid?
- Payment from another PayPal user is instant.
- A withdraw from a PayPal account takes 3 business days to reflect in your Equity Bank account.