Tuesday, March 12, 2013

How to Link to PayPal With a Canadian Bank Account


1. Log in to PayPal. If you do not already have a PayPal account, you must sign up for one (see the Resources section). To sign up, you need to submit your name, address, birth date, email address and telephone number.
2. Go to 'My Account.'
3. Click on 'Profile.'
4. Click on 'Add or Edit Bank Account.' This brings you to the page where your accounts are listed.
5. Click 'Add Bank.'
6. Complete and submit your bank account information. You need to choose Canada on the country line and then fill in your bank's name, bank transit number, bank institution number and your account type and number. You can find your bank's transit number and institution number at the bottom of your checks. Failing that, look on your bank statements or contact the customer service department.
7. Confirm your bank account. Within two or three business days of setting up your Canadian bank account, PayPal will send two small deposits of between one cent and 99 cents to the new bank account. Take note of the amounts of these deposits, then log in to PayPal and click on 'Confirm Bank Account' on your account overview page. You will be asked to enter the amounts of the two deposits that PayPal sent to your bank account. This will link your Canadian bank account to PayPal.

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