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Paypal is like having another bank account, when you recieve a payment, it will be there, not in your bank account that is tied to paypal. As for transferring money, you will see a button on your account page that says "transfer funds" (Or something similar), you click on that then you select your bank account as the location you want to transfer funds to.
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PayPal is a payment service which allows members to send & receive secure electronic payments through an email address using a Credit/Debit Card, Bank Account, existing funds in their PayPal account, or by using PayPal Buyer Credit. How do I receive PayPal payments for my eBay auctions?

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If you are looking for both a checking and savings account, you can combine the above $200 cash bonus with a $150 deal on a Chase savings account. The terms of the $200 checking are the same as above.
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You will see the balance on your PayPal account adjusted to include the money deposited. Use your PayPal Plus credit card to deposit funds. If you have a PayPal Plus credit card, you are able to instantly transfer money from it to your account. This is a credit card offered by PayPal for which you must qualify.
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PayPal has an "Auto Sweep" function that enables holders of certain types of accounts -- like premiere accounts -- to transfer money from PayPal to a linked checking account automatically. Not.

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Requirements: To receive the $300 checking bonus, open a new Chase Premier Plus Checking Account and make your first direct deposit into the account within 60 days of account opening. Notes: Beware of $25 monthly service fee. Two ways to avoid fee include maintaining a minimum $15,000 balance in qualifying Chase accounts or have a linked.
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Money market accounts operate extremely similar to savings accounts, and they are available at most banks. However, you're typically going to find the best money market accounts at online banks. A money market account can be a great place to park your savings, your emergency fund, your down payment for your house, or any other large sum of cash.
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