How to Accept an EFT Electronic Check With PayPal

1. Visit PayPal's home page (see Resources) and click 'Sign Up.'
2. Select 'Premier' or 'Business' as your account type. These accounts are associated with receiving funds, such as an electronic check.
3. Fill in your basic information, such as your e-mail address, phone number, state, city, address, ZIP code and date of birth. Click 'Agree and Create Account.' Your account page will appear on the next page.
4. Hover over 'Profile' and click 'Add or Edit Bank Account.' Choose whether you want to link your savings account or checking account. Enter your banking routing and account numbers. Your bank's routing number is the left-hand string of numbers on the bottom of your check. The account number is the middle string of numbers.
5. Click 'Continue.' PayPal will deposit 20 to 30 cents into your bank account to verify the account, typically within 48 hours. After your bank account is verified, you can begin transferring money to and from PayPal.
6. Give your PayPal address to the person who wishes to send you an electronic check. The person can then send you the electronic check for the disclosed amount. The money will show up to in your account within seven days of its being sent. You can then transfer the money to your bank account or keep the money in your PayPal account for future purchases.