When you have too much cash in your wallet it may be time to deposit money into your checking account. If you have a PayPal account, things are even easier. For this, you’ll need a PayPal balance account.
You can go to a retail store and instead of purchasing something you can ask the cashier to make the deposit for you. It is very easy. There are two options.
Use a deposit barcode
You can generate a special barcode using the PayPal mobile app and find an appropriate retail store. Check how to find a retail store below. Once you are in the store, go to the register. Tell the cashier that you want to make a deposit and how much you want to add. Then let the cashier scan the barcode. Check how to find the barcode below. Money should be available in minutes.
Use a PayPal Debit Card
When you visit a participating retail store you should be able to deposit cash at the register or in MoneyCenter if you are at Walmart. You should tell the cashier how much money you want to deposit. Then hand cash to the cashier and swipe your PayPal Cash Card. Don’t forget to take a receipt. Money should be added to your balance within a few minutes.
Where can I deposit cash?
The list of stores is rather long. You can deposit cash at more than 90,000 locations. The most familiar brands are Walmart, CVS Pharmacy, Walgreens, and 7-Eleven. You can find it in almost every state in the US.
A few less widespread stores include Dollar General, Family Dollar, Office Depot, and Rite Aid. The rest are more concentrated in a few states. You can find these locations in the PayPal application.
How much will the deposit cost?
Every deposit at a store costs a fee. Walmart has a $3 fee, while other stores take a $3.95 per deposit. If you think that fee is too high, you may want to consider other debit cards that have a free deposit or charge you a smaller fee. For example, Chime Debit Card allows you to deposit cash without a fee at Walgreens. Capital One in its turn allows you to deposit free at CVS Pharmacy. Cash App charges only $1 for a deposit.
What are the limits on deposits?
| Limit | Amount |
|---|---|
| Each Deposit | $20 to $500 range |
| Daily Limit | $1,500 |
| Monthly Limit | $5,000 |
How to find the barcode?
On your smartphone open the PayPal App. Then tap on “Add Money”, select “At a store, with cash” select the store and generate the code. Keep in mind, that barcode is valid for one hour. So make sure to not generate it too early.
The PayPal debit card has quite a few benefits that are often overlooked.