Should I transfer money from Paypal into my bank account?

I think it would be better to convert it an keep it safe in your bank account since you seldom go for online shopping what's the point in keeping it in your paypal account. Though negligible the bank do pay some interest. I too have some money but it is too small to even think of coverting it. when i make good money i will think of converting it as soon as possible

well, i've seen no problem with regards to conversion for dollars to our country currency but i guess you do have the right option to stay your money in your paypal and have it to shop online., best of luck!

its not bad to keep it in paypal also , you can use it for investing or using it in other online activities like buying referrals for the sites you might be already using, it depends n how much money it is and how would you divide it and use it.

I think it's better to transfer money from your Paypal account and convert it into your local currency and then put it in your bank account, if there is no more charge of it. This is safe to keep your money in your own bank account. However, I am unable to do so as Paypal will charge me USD35. So I have to keep my money to my Paypal account. I love China

You should not to be sent to the bank card,Paypal account fees needs,I think it was 25 dollar

I would say let it remain in your paypal account. The reason is because there will be a fee involved if you transfer the money from paypal to you bank account. Currency wise, it won't make much different because almost all currencies are weakening now. So, leave your money in paypal temporary for around 6 months. After that, US dollar may start to recover. At that time, you may do the transfer from paypal to your bank account and earn some bank interest.

Well, I do not do much shopping online usually, but at the same time since I live in the US, I have chosen Paypals Debit Card option and use that when I want to spend my earnings from online. But for you since you live in another country, I think paypal does convert the $$ for you, so you could then deposit the amount back into your Bank account there with no problem. But at the same time, if you have any questions, you could also consider contacting your bank and go from there as well.

hello SydneyHazelton, it would be very fine if you convert your pay pal money and get that deposited in your private bank account and keep that that way at least you will get some amount of interest and after that you can spend that at your will. also it is better to have something than to have nothing. of course you have to get some substantial amount or else there will be lot of deduction as your conversion charges. have a good day.

It is a tricky situation isn't it? You could leave it there till the crisis clears up, but what if it doesn't and get deeper. Then it would be better if you transfer it to your bank account and use the cash. :) Cheers and happy mylotting

I would want mine out of the Paypal account. I know of a conversion widget that shows the daily conversion rates. I believe Paypal would follow that. Let me know if you need that widget. (I have it on my blog.) You may make more than US dollars in the exchange. Keep me posted.

I feel the answers to your questions really depend on a few factors such as how regularly you will have earnings coming into Paypal, are the amounts significant and whether you have use for the e-currency to do other transactions like making purchases or paying monthly fees for some schemes, etc. You have to remember that each time you do a TT transfer back to Singapore, charges are incurred plus you will lose a little on the exchange rate. Charges also depend on the amount transferred, and for small amounts, it may not be worth it. On the other hand, Paypal is not a bank, so leaving money there doesn't earn you any interest. If you are moving a significant amount back to a local bank, you can then invest the money to grow it. If not at least it will stay within your savings account earning some interest. If you have plans to use some of the money in Paypal to buy other stuff, then it may be more prudent to keep some of your earnings there because many merchants and sellers accept Paypal payment and since you deal in USD usually, you don't lose from any conversion. Another aspect for consideration is security. Paypal, like most other pay processors, can be hacked. So if you have quite a bit of money coming into Paypal regularly, it may be wise to transfer it back because the banks are very much safer, and it is nothing like knowing that you have the money in hand safely kept in your own bank account. There's one more thought that crossed my mind. If you have significant earnings coming into Paypal regularly, you might want to open some kind of US-denominated account with a Singapore bank, and electronically transfer the money to such an account without currency conversion. You save in two ways here: from not converting, and usually you can leave the money in such foreign accounts and earn higher interest if you don't need to take the money out.

i was going to put money in my bank account then i saw the fees lol i got pissed off with that because when you get small payment they take away because of fees so i thought leave it, and wait till i get a bigger amount .. you can shop whether you have money in your paypal or not it will just take from bank account anyway!!

first, the bank account you use must be referred to your paypal account. i think you can transfer your money from your paypal into your bank account the bank can convert USD into singapore dollars automatically.

I get paypal payments from multiple sources and I wait until my paypal account reaches around 10 dollars then send it to my bank. I think paypal is a good site but I like to eliminate the middle man as much as possible.

I think, you should transfer money into your account without delay. Us $ is low these days and so you may not get best rate. But I feel never keep money with hese companies. Always take away whatever you can. This is because you never know when any of these companies can go bust tomorrow. PayPal may become bankrupt or they may close your account without reason. This happens all the time. We are always at the risk of loosing money with these companies. So be in the habit of taking away even the smallest amount. I just lost more than $1000 today with Washington Mutual. What a shame.

I am facing the problem as you. I've never withdrawn money from PayPal to Singapore bank but am thinking of doing so. The previous few times, I spent it on online shopping before I could transfer it. With USD depreciating, I am thinking of spending it online again. There are actually a few things now I want to buy online now.. so I think I'll spend it again. By the way, it's more worthwhile to transfer USD 200 or above as there wouldn't be any fees.

I get paid in both US dollars and in British pounds, which is my own currency. I convert all my dollar earnings at PayPal into pounds and then withdraw it to my bank account. I usually do it once a month, as soon as I have received a large payment. I am not going to spend any of my earnings online, I need to have the money at my bank. The US dollar has been weak against the pound ever since I started earning dollars online. I have no choice but to exchange them at whatever the rate is, and PayPal makes it very easy to change currencies.

I have the debit card (that gives cash-back rewards) so I use that when purchasing gas, food, etc. I only transfer it if I need to write a check. Have you gotten the debit card.

Probably the best thing to do is put it in your bank account. At least you can make some kind of interest on it. Even though it won't be much but every little bit helps.

hi there,i my case i earned dollar but since my bank account is in germany its automatic i get in Euro thats all i can say.