How To Stop Paypal Taking Money From Bank Account

PayPal being the most popular payment solution in the world has both advantages and disadvantages to deal with. PayPal needs you to add your bank account to verify all your transactions. One of the biggest concerns of its users is having PayPal eating over their bank accounts.

If you’re facing the same, you must be thinking how to stop PayPal taking money from bank account. No worries, I’m going to give you a complete guideline on how you can stop PayPal cutting into your bank account. Jump into the article and let’s make your PayPal take your money no more.

Does Paypal Automatically Take Money From Your Bank Account?

PayPal does take money from your bank account automatically. When you have a payment to complete using your PayPal account, especially recurring ones, you get an automatic deduction from your connected bank account. This is because you’ve allowed PayPal to do so while opening the account in the first place.

When you’re using a Verified PayPal Account as your payment processor, PayPal will cut into your bank account as a funding source. PayPal will continue paying the bills from the PayPal account before going for other sources. Once the account is out of funds, it draws the amount from your bank you provided at the verification process.

How To Stop Paypal Taking Money From Bank Account

Preventing PayPal from taking money from your bank account has a few simple steps which needs no more than a few minutes. Here is a step by step process of how to stop PayPal taking money from bank account:

How To Stop Paypal Taking Money From Bank Account

1. Remove Your Bank Account

The best way to keep PayPal taking money from your bank account is to remove it as your Funding sources. Here are the steps to remove your bank account from the PayPal account:

Step 1: Open a secure browser like Google Chrome or Safari, and log into your PayPal account first.

Step 2: Look at the navigation bar on the home page and hover over your Profile and go to the settings.

Step 3: You can see “Update Bank Account” option that shows you the existing bank account connected to PayPal.

Step 4: Click on the “Remove” button next to the account details which you’ll also can find uder “Financial Information”.

After removing the bank account from your PayPal, you can still use PayPal, make payments, and do regular transactions. It will draw funds from the main account and go for debit or credit card payment once it goes out of money.

2. Change Your Method Of Payment

PayPal is drawing money from your bank account, meaning that you’re using your bank account as your primary funding source. So, to stop PayPal from taking money from your bank account, you can also change the method of payment. Here is how you can change the payment method for different billing options using your PayPal account:

Step 1: Log into your PayPal account and go to the money, cards, and bank options followed by the main settings.

Step 2: Here, you can edit your payment methods where you have to change the automatic payments.

Step 3: If you have billing agreements such as Netflix or other recurring payments, change your payment method.

Step 4: For the preferred Payment provider for your Online payments, deselect your bank account by a card that you’re not afraid about.

When you change the default funding source of your PayPal account, they won’t draw money from your bank account. Instead, you can use an alternative way to fund your PayPal account such as sending via FNF or using a credit/debit card.

What Does Paypal Do If You Have A Negative Balance?

You may get a negative PayPal balance for a few reasons such as a lost claim or a chargeback. When you don’t have enough fund in your account to back the money to your purchase destination, PayPal puts a negative balance on your account. Once you have this situation, PayPal will ask you to reimburse your account to back that negative balance.

What Does Paypal Do If You Have A Negative Balance

To add the fund and get rid of the negative balance on PayPal, use the following process:

Go to PayPal website and log into your account, you’ll see the negative balance. Click on the balance, and you’ll see an option to add fund. Click on that and follow the next steps to add funds to your account successfully. After adding funds to your account, PayPal will make reinstate the account on its natural state and let you do regular transactions.


Using PayPal can surely be a great experience if you can use it properly and know how to manage your balance well. However, if you don’t get to understand the rules and process PayPal uses, things can be complicated. If you notice PayPal drawing amounts from your bank, now you know how to stop paypal taking money from bank account. If you have a negative PayPal balance, you must reimburse the amount within the next 120 days. It’s to keep your account active and be able to withdraw money to your bank account.