It's doesn't go into your bank account at all. It stays in your Paypal as a balance. Say you wanted to buy something and the person used Paypal, well, you can use you PP balance instead of it coming out of your credit card/debit card/checking account. You can however take your PP balance and transfer it into your regular checking account. It takes a few days though.
...and when you transfer it to your bank account, I think there's a transfer fee. I've done it before though and it wasn't awful. It just takes a couple days.
There aren't any fees when you transfer money to your bank account or you transfer money from your bank account to your pay pal balance. Just took a few days.
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