Can you have cash back rewards added to your savings rather than your balance?

[02Tansy]

Can you have cash back rewards added to your savings rather than your balance? If so, how do you set that up?

[PayPal_Bindu]

Hello @02Tansy,

Welcome to our community help forum and thanks for posting here!

I am happy to help you with your inquiry about redeeming reward points. Points may be redeemed for cash, you can also transfer them to your linked bank/card. You can hold it as a balance if you have a PayPal balance account. The redemption option is subject to additional terms, as specified in the PayPal Balance Terms and Conditions.

With PayPal Savings, you can open a deposit account to earn interest and watch your money grow. You can use your PayPal balance or a linked bank account, via your PayPal balance, to add money to your PayPal Savings account.

I hope this information helps!

Bindu

[02Tansy]

No, that does not answer my question. I'm asking if your automatic rewards that are deposited into your paypal account may instead be deposited into your paypal savings account.

[PayPal_Bindu]

Hey @02Tansy,

The option to add the redeemed rewards directly to PayPal savings account is not available. You have to add money manually from your balance or linked bank account to your PayPal Savings account..

Have a great day!

Bindu

[02Tansy]

OK, is that also the case with CASH BACK amounts? That's what I'm talking about, not redeemed rewards. I'm wondering if the CASH BACK amounts can go into your savings rather than paypal balance.