PayPal Instant Xfer is a feature that allows you to transfer money from your PayPal account to your bank account instantly for a small fee. It is a method of paying by bank account when you have a debit or credit card linked as a backup in case your bank payment fails. The fee for each transaction can range from 1% of the total amount transferred to $10. When you see the charge "Withdrawal PAYPAL INST XFER" on your bank statement, it means that you have transferred money from your PayPal account to your bank account. The charge may also appear as "ACH HOLD" on your bank statement, which means that your bank has placed a hold on the money in your account so that the amount will be available for settlement.