Thank you for confirming that I have to match transactions. 

So now, I'm in a really mess because QBO will not "find" matching transactions in my PayPal Bank account. However, I did notice something new. If the transfer is from PayPal Bank to my Bank of America account, then it does find and match the transaction. However, if the transfer is from my Bank of America account to PayPal Bank, then it does NOT find/match the transaction