How To Withdraw Money From PayPal Into FNB (First National Bank)


FNB (First National Bank) is the only bank account in South Africa that allows you to connect directly to PayPal, so if you’re already an FNB bank account holder then you’re in luck.

Withdrawing money from PayPal into FNB involves three simple steps:

  1. Log in to your FNB online banking and find the PayPal link menu.
  2. Link your FNB online banking profile to PayPal.
  3. Withdraw money from PayPal into your linked bank account.

That’s a brief outline so keep reading if you would like me to walk you through the details.

Before getting stuck in though, there are a few things you’ll need to set up first if you haven’t done so already.

Before getting started, you’ll need:

  • FNB online banking profile – If you don’t have one yet then read my guide on how to register for FNB online banking here.
  • You’ll need a PayPal account – If you don’t have one yet then register for one here.
  • FNB mobile phone app (optional) – This is optional, however, when approving transactions and account changes, it works a lot better than OTP. I highly recommend using it. Download the app for android here, and iPhone here.

IMPORTANT NOTE: If you don’t have an FNB bank account you’re reading the wrong guide. If you bank with any other bank in South Africa, then read my guide on how to withdraw money from PayPal into ANY bank in South Africa.

Let’s get started!

01. Log In To Your FNB Online Banking And Find the ‘PayPal Link’ Menu

  1. First, log in to your FNB online banking profile here.
  2. On the home screen, click on the ‘Forex’ tab.
  3. Then click on PayPal services.
  4. Click on the orange ‘Menu’ button to the left of your screen.
  5. Click on the ‘Link PayPal Profile’ menu item.

You’ll now be taken to the personal details page. Move on to the next step to complete this section.

02. Link your FNB online banking profile to PayPal (Only need to do this once)

Now that you’ve found the right menu within the FNB online banking platform, it’s time to fill in your personal details. Most sections will already be filled out for you so I’ll try to make this as simple as possible and only focus on areas that need special attention.

This page is broken up in four different sections:

1. Personal details.

Primary PayPal Email – make sure you insert the same email address you used to register your PayPal account.

2. Balance of Payments Reporting Details

Nothing special to discuss here, insert your contact details.

3. Current Non-FNB Account Details – This account must be your own account

This is a bit of a funny one, even though it says ‘Non-FNB Account Details’ you still need to insert your FNB banking details. I think they named it that to show non-FNB customers can enter any banking details there.

4. Address details

Nothing special to report here, simply insert physical address and postal address details here.

Once you have filled out your personal and banking details:

  • Click on the continue button at the bottom right of the screen.
  • Review all details, click on the checkbox at bottom left.
  • Then click on confirm on the bottom right of your screen.
  • Open your FNB app or insert the OTP number to approve the transaction.
  • Click on the ‘PayPal Login’ button on the bottom right.
  • Complete the PayPal prompts.

At this stage there is a chance PayPal will also ask you to add a ‘funding’ method. Simply add either your credit or debit card details and follow the promts.

Once this step is complete, you’ll be redirected from PayPal back to your FNB online banking profile.

Congratulations, you have now successfully created the link.

03. Withdraw Money From PayPal To Your Linked FNB Bank Account

Ok so you’ve connected your FNB bank account to your PayPal account, now you’ll be able to withdraw money directly from PayPal into your bank account. Here’s how:

  1. Log in to your PayPal account here.
  2. Click on ‘Transfer money.’
  3. Then click on ‘Withdraw from PayPal to bank account.’
  4. Select how much you would like to withdraw and in what currency.
  5. Choose the bank account that is connected to your PayPal account.
  6. Follow the prompts to complete the withdrawal.

IMPORTANT NOTE: It can take up to 7 working days for the money to appear in your FNB bank, so try to be as patient as possible.

Final Thoughts

The hardest part about doing most things with FNB is finding where the options are hidden in the online platform. Once you know where they are, the rest is generally easy to setup.

YOUR TURN: Did I miss something? Or is there an easier way to withdraw money from PayPal into an FNB account? If yes please be sure to let us know in the comments below so we can all start learning from each other!

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