PayPal is increasing fees for personal accounts in the USA. It currently costs nothing to withdraw funds to a bank account linked to your Paypal and that isn’t changing. But such a transfer can take a day or two.
They do also offer a faster way to withdraw funds and that currently costs 25c. They call Instant Transfers and those take up to 30 minutes to hit your bank account. But starting in November, the fee payable will be changing and it will be 1% of the transferred amount, with a maximum deductions of $10.
PayPal is making a change to its User Agreement that will be effective as to all PayPal users in the U.S. on November 7, 2018. We encourage you to review this Policy Update and familiarize yourself with this change that is being made. If you do not agree to these amendments, you may close your account before November 7, 2018.
For personal accounts, we are changing the fee charged for our faster withdrawal option to an eligible debit card linked to your PayPal account to 1% of the transferred amount, with a maximum fee of $10.00.
It’s unusual to report a story where the USA offering of a product is inferior to that offered in the UK but this is an example. In the UK you can withdraw funds instantly and for free using faster payments.