Withdraw Funds From Paypal To Your Philippine Bank Account
You can now withdraw funds from your Verified Paypal to your “Philippine Bank Account”. All you have to do is to log on your account then click the Profile tab and then click ‘Add or Edit Bank Account’. Type your country, first name, surname, bank name, bank code and your account number then click “continue.” Review your bank information and click ‘Add Bank Account’ to confirm. Ask your bank for there bank code. You will need it to complete your application.
All withwrawals from your paypal amounting to 7,000.00 PHP up is FREE and withdrawals below that amount will have a charge of 50.00 PHP. This withdrawal will take 5-7 business days, depending on your bank’s policies and holiday schedule. Please enter all information exactly as your bank has it. Otherwise, transfers to and from your PayPal account will be returned. A return fee of 250.00 PHP will apply, and your bank may charge additional fees.
Sponsors Related Posts
January 28th, 2008 at 7:35 AM
Hi, have you actually tried this procedure?
It seems everyone is making Unionbank rich by applying for their EON card and here we are, Paypal offers withdrawal to your bank account directly. At least, saving the hassle of going to Union bank/paying the annual fee of their debit card, etc.
January 28th, 2008 at 8:13 AM
i’m using my US bank account before to withdraw from it.its a good thing that they offer it now here in our country.i already applied my PH bank acct before posting this entry.thank you!
January 28th, 2008 at 2:34 PM
sayang nakapag withdraw ako nung jan 22. sayang $5 tsk tsk….
January 28th, 2008 at 4:07 PM
Hi! I think this is what I am looking for. However, I am using an RCBC account here in our counry, do you think my bank is inluded in their list? Thanks!
January 28th, 2008 at 4:48 PM
Thanks for this tip. Anyway, when you said “your bank code”, does this mean “my bank account number”?. If this is so, then I think I kept in on my celfone.
I would appreciate if your reply will be posted on this blog, instead of mine. After all, I am subscribing from this post right now.
Thanks really!
January 29th, 2008 at 12:35 AM
bank code is the code needed for electronic/wire transfer from paypal to your bank.its different from your bank acct #.try to ask your bank about it.
January 29th, 2008 at 1:55 AM
Guardian Angel – No. It’s a different one. You can check the complete list of bank codes here http://www.pinoymoneytalk.com/2008/01/27/bank-code-philippines-withdraw-paypal/
Hope this will help you.
Cheers,
Ambo
pinoyambisyoso.com
January 29th, 2008 at 4:21 AM
Thanks for the visit. I will try to add my RCBC bank account today. Maybe I haven’t seen it yesterday, but Paypal does have the listing of bankcodes at http://pages.ebay.ph/bankwithdrawal/bank_codes_ph.html
Good luck to us all!
January 29th, 2008 at 4:24 AM
yeah.you can click the bank code link on my entry for the list of codes.thanks
January 29th, 2008 at 9:56 AM
Hi! Actually, Paypal just sent me a mail that links to my concern, and yes bank code is different from my bank account no. I also saw that RCBC is included in the list. But I have yet to confirm if my employer uses RCBC or RCBC Savings becoz they are different.
Anyways, thanks for this post and please continue being a true Filipino.
March 3rd, 2008 at 6:46 AM
Hi itot54joni,
Can I open a paypal account if I don’t have a credit card? Hope to hear from you. Thanks you.
March 19th, 2008 at 10:28 AM
you can apply for paypal account even if you dont have credit/debit card… But… you cant verify ur account without card… means… if you have unverified account… you cant withdraw money from paypal to ur bank accounts…
April 27th, 2009 at 8:21 PM
hi just want to ask anong bank charge less per withdraw? sa RCBC kasi 100php sa BDO nabasa ko sa ibang blogs 200php. and also does EON card charge you also per withdraw besides its’ annual fee na 350ph? thanks
April 27th, 2009 at 10:50 PM
i don’t know how much your bank charge you. ask your bank