PayPal is a global leader in digital payments, widely used by freelancers, remote workers, and businesses in Kenya for receiving international payments. Equity Bank is the only Kenyan bank offering instant PayPal withdrawals, making it the go-to choice for seamless fund transfers.
How to Link PayPal to Equity Bank
Before withdrawing, you must link your PayPal account to Equity Bank. Here’s how:
1. Open a PayPal Account
- Sign up at PayPal’s website using your email.
- Verify your email and complete identity verification if required.
2. Link Your Equity Bank Account
- Log in to PayPal → Go to Wallet → Click Link a Bank Account.
- Enter your Equity Bank account details (KES or USD account).
3. Verify Your Bank Account
- PayPal will deposit two small amounts (e.g., $0.10 and $0.25) into your Equity account.
- Check your Equity Bank statement, then confirm these amounts in PayPal to complete verification.
How to Withdraw Money from PayPal to Equity Bank
Equity Bank has upgraded its PayPal withdrawal service from 24-hour processing to instant transfers as of March 2024. Here’s how to withdraw:
Method 1: Via Equity Mobile App or Equity Online
- Log in to the Equity Mobile App or Equity Online.
- Navigate to Payments → Select PayPal Withdrawal.
- Enter the amount (up to $10,000 per transaction).
- Confirm withdrawal—funds reflect instantly in your Equity account.
Method 2: Direct Transfer from PayPal
- Log in to PayPal → Click Transfer Money.
- Select Withdraw to Bank → Choose your linked Equity Bank account.
- Enter the amount → Confirm.
- Funds arrive in 1 business day (or instantly via Equity’s system).
Fees, Limits & Processing Times
| Feature | Details |
|---|---|
| Withdrawal Speed | Instant (Equity Mobile/Online) or 1 business day (direct transfer) |
| Transaction Limit | Up to $10,000 per transaction (no daily limit) |
| PayPal Fees | Free for standard transfers; 1.75% fee for instant transfers (capped at $25) |
| Equity Bank Fees | No additional charges for PayPal withdrawals |
| Currency Conversion | 3-4% fee if converting from USD to KES |
💡 Pro Tip: For large withdrawals, use Equity’s instant transfer to avoid PayPal’s 1.75% instant fee.
Why Choose Equity Bank for PayPal Withdrawals?
✅ Only Kenyan bank with instant PayPal withdrawals
✅ No daily withdrawal limits (unlike M-Pesa)
✅ Supports USD & KES accounts (ideal for freelancers)
✅ Seamless integration with Equity Mobile & Online
Common Issues & Solutions
❌ Withdrawal Delays?
- Ensure your PayPal account is verified.
- Check for bank holidays affecting processing.
❌ Account Not Linking?
- Confirm your Equity Bank details match PayPal’s records.
- Contact Equity Bank support if verification deposits don’t appear.
Alternatives to PayPal in Kenya
If PayPal’s fees are too high (e.g., 4.9% for international payments), consider:
- Geegpay (0.8% fee for USD deposits)
- Wise (formerly TransferWise) for lower FX rates
- Payoneer for freelancers
Final Thoughts
With Equity Bank’s instant PayPal withdrawals, Kenyan freelancers and businesses can access funds faster than ever. Follow this guide to link, withdraw, and maximize your PayPal transactions efficiently.
Need help? Drop a comment below or contact Equity Bank Kenya for support.
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