@Girish10 No they do not if it's a Personal PayPal account. There is like a $0.25 transaction fee to transfer the funds to your personal checking account from PayPal. A Business PayPal account costs 2.7%, so I never recommend using one, but the Personal one is fast and no charge to deposit. Here's some more information on transferring the money out of PayPal.
You can transfer money from your PayPal balance to your local bank account in 2 ways:
Using your eligible Visa & MasterCard debit or prepaid card:
- Click Transfer to your bank below your PayPal balance.
- In the "Transfer to" drop down, you will be shown any cards in your wallet that are eligible for processing transfers.
- Select where you're transferring the money from, and then select to where you're transferring the money.
- Choose the amount you want to transfer.
- Click Next.
- Review your request, and then click Transfer.
There is a $0.25 fee to transfer money using your eligible debit or prepaid card.
All transfers are subject to review and could be delayed or stopped if we identify an issue.
Estimated arrival: about 30 minutes.
Using your bank account:
- Click Transfer to your bank below your PayPal balance.
- Select where you're transferring the money from, and then select to where you're transferring the money.
- Choose the amount you want to transfer.
- Click Continue.
- Review your request, and then click Transfer.
There’s no charge to transfer money from your PayPal balance to your local bank account. Some banks may charge a fee for transfers. Contact your bank directly for more information.
Transfers made after 7:00 PM ET or on weekends or holidays take longer.
All transfers are subject to review and could be delayed or stopped if we identify an issue.
You can also transfer money from your PayPal balance by requesting a check. (There’s a fee of $1.50 USD for check withdrawals.)
Estimated arrival: 1 business day
