FNB South Africa reduces PayPal withdrawal days

FNB has announced a reduction in the number of days it takes to withdraw funds from a South African Paypal account to a bank account in South Africa – to 3 business days.

Before now, the withdrawals took 5 to 8 business days to clear. The shorter withdrawal period should lead to an improved cash flow for merchants in South Africa accepting payments online via PayPal.

FNB serves as the exclusive banking partner to PayPal, in South Africa, and offers withdrawal to qualifying FNB accounts.

First National Bank (FNB) is one of South Africa’s leading banks. It is a division of First Rand Limited, a large financial services conglomerate, which trades on the Johannesburg Securities Exchange, under the symbol: FSR.

FNB reduces PayPal withdrawal days
FNB reduces PayPal withdrawal days

Previous articleWhat are the benefits of registering a new domain extension?
Next articleAirtelTigo upgrades network to reach Greater Accra Region
Oluniyi D. Ajao
Oluniyi D. Ajao is an Internet Entrepreneur and Tech Enthusiast based in South Africa. Follow him on twitter @niyyie for more tech updates.


  1. Please does all banks in South Africa support PayPal or is only FNB? I read in this article thebusinessalert.com/paypal-south-africa/ that every bank in S A now supports PayPal. Can you please confirm for me?

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.