Heya, did you know you can now directly withdraw your money (usually in USD) from PayPal directly into your bank account of your choice in Malaysia? PayPal was a pain all these while because they do not allow Malaysians to withdraw money out easily. Instead, Malaysians have to live with the fact that money can be withdrawn to a Singaporean bank and then TT to a Malaysian bank or withdraw to a debit card. Both are big hassle and stunted e-commerce growth for Malaysia for a while.

But hey, you can withdraw it out now. Easy as pie. Here, let me show you how.

First, Login into your PayPal account and go to My Accounts and Withdraw menu.

Second, choose Withdraw to your bank account.

Third, you have to create a bank account. Here, you have to fill in the details of your bank account. I have an HSBC account, so I filled in as below. Tip: Click on the Details link for a reference chart.

Forth, once you are done, it's time to withdraw your money! Fill in the amount of money you would like to withdraw and click on the Continue button.

Fifth, the rest of the steps are just confirmations and you are done. Isn’t it easy as pie?

Important things to know. PayPal charges 2 fees for your withdrawals.

• Currency Exchange. PayPal uses their currency exchange rates which more than likely be favours their transaction.
• If you withdraw anything less than RM400. An additional RM3.00 will be charged to your transaction. (see screenshot)
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