How to Use PayPal With an ING Direct Account

An ING Direct savings account can work in conjunction to your bank account. All you need to do is enter your bank information and verify deposits made to the account. That's all well and good, but what if most of your income is delivered to a PayPal account? Is there a way to use PayPal with your ING Direct savings account? Yes, there is.

Step 1

Add ING Direct account information to your PayPal profile. Once you login to your PayPal account, click the "Profile" link. This will take you to a page where you can access your bank accounts. From the bank accounts page, you will need to click the "Add" link. You will then be taken to a page that will allow you to enter your ING Direct account information. Under the Bank Account Name field enter ING Direct. You will then select that it is a savings account. Finally, you will be asked to enter your ING Direct routing and account number. After clicking continue, your ING Direct account will be added to your PayPal account.

Step 2

Confirm your ING Direct account on PayPal. Once a bank account has been added to your PayPal account, PayPal will make two small deposits to that account. You will need to confirm these deposit amounts before you can use your ING Direct account with PayPal.

Step 3

Withdraw funds to your ING Direct account. To send funds to your ING Direct account, click the "Withdraw" link on the front page of your PayPal account. Then select the "Transfer to Bank Account" link. You will enter the amount to be sent to your account and select your ING Direct account. Once you click "Continue" you will be asked to confirm the amount to be sent.

Step 4

Remove money from your ING Direct account as necessary. To add money to your PayPal account from your ING Direct account, click the "Add Funds" link from the front page of your PayPal account. Then select "Transfer Funds From a Bank Account in the United States" link. Select your ING Direct account from the list and enter the amount your wish to add. Then click continue to confirm the addition of funds.

Step 5

Use your account as a backup funding source on PayPal. If you want to have instant access to your ING Direct account, go to the profile section of your PayPal account and click the "PayPal Debit Card" link. At the bottom of the PayPal Debit Card page you will see a link that says "Add Backup Funding". Click this link and choose your ING Direct account.

Tip

You can find your routing and account number on the ING Direct website. Transferring money to and from your ING Direct account can take 3 – 5 business days. The default backup funding limit is $200, but it can be increased up to $1,000.