Withdraw PayPal to bank accounts in Philippines
Pinoy Money Talk is one of the first, probably the very first, to break this news to the blogosphere but expect other sites and blogs to write about this without giving us credit although they got the news from us. LOL.
Anyway, brace yourself:
Effective yesterday, PayPal started allowing users in the Philippines to withdraw funds to local bank accounts.
Yup, it’s confirmed. Log in to your PayPal account and see that in the My Account > Withdraw page, you now have an option to directly transfer funds from your PayPal account to your bank account in the Philippines.
Withdrawal transactions are expected to be processed within 5-7 business days.
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There is no charge if the transaction amount is P7,000 or more but there is a P50.00 fee if the amount to be withdrawn is P6,999.99 or less.
A P250.00 return fee is charged if you entered incorrect details about your bank account so make sure you input the correct information.
To withdraw, you must attach a bank account first to your PayPal account. Once added, you can directly submit a withdrawal request.
Try it now! Go to PayPal and let us know about your funds transfer experience.
Click here if you want to open a PayPal account.
Partial list of PayPal Philippines Bank Codes here.
Thanks a lot to Gio for the heads up.
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May 15th, 2008 at 8:38 pm
please elaborate more the withdrawal of money thru paypal. what are the banks that is affiliated with paypal?
April 26th, 2008 at 10:54 am
i am having problems with my paypal.. i dont have a credit card..nor my personal bank account.
1.) can i still withdraw my funds?
(i already reached the sending limit)
2.)if i open an ATM card, will it work(lifting my sending limit)?
3.)if not is there any way i can get my $$ back?
April 4th, 2008 at 11:29 am
[...] funds from your PayPal account to your bank account in the Philippines. By the way, thanks to PinoyMoneyTalk and Marhgil for the heads [...]
April 2nd, 2008 at 11:38 pm
[...] to your Paypal account and withdraw it your bank account (which is now possible, according to a blog you frequently [...]
March 28th, 2008 at 3:35 pm
i jUzT wANt 2 aSk?! pAaNo kOh BAh mA tRatRAFeRz yUng mOneY koh sA pAypAL tO mY bAnK aCcOunt?! mEdYoH nAgUgULuHaN LnG pOh mE eH?!?
March 26th, 2008 at 1:42 pm
guys help naman po, verified na po paypal acct. ko, question ko lang po is nag add po ako ng bank account which is BPI ATM savings account. pero dun po sa question nakalagay input 16digit acct number, eh 10digit lang po acct number nung atm ko, kaya po ginawa ko ininclude ko ung 6digit card#+10digit acct. number. sa tingin nyo mag ka problema po kaya yun? kc naka pag request napo ako ng transfer, pending pa po sya up to now.
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