Withdraw PayPal to bank accounts in Philippines

January 26, 2008

Stocks, Mutual Funds, Forex, Finance Philippines

Make Money Online, Stocks, Mutual Funds, 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.

There is no charge if the transaction amount is P7,000 or more but there is a P50.00 fee if the amount to be withdrawn is P6,999.99 or less.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.

Complete list of PayPal Philippines Bank Codes here.

Here’s how to withdraw Paypal to a bank account in the Philippines.

Thanks a lot to Gio for the heads up.

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Written by James | PinoyMoneyTalk.com · Filed Under PayPal Philippines

Join the discussion! Post a comment below

freyja78

What i can recommend based from my experience on withdrawing money from Paypal is through Allied bank. The average number of days for the cash to be credited is 4 days. In fact, my first withdrawal was just 3 days. Another good thing compared with other banks, they only charge a remittance fee of P165 pesos much lower than other banks who charges 200+.
Mamark

mga boss, question lng.

pag walang card(visa,master,etc)ba na nakalink sa paypal hindi ko rin mawiwithraw ung pera? any how. wala akong ganung card :)) pano ko mkkuha un? magshop online nalang ako? nkuha ko lng kasi laro through a game. binayaran ako. thanks
- http://twitter.com/FollowHeira Arlyn Heidi Basada
  
  Yup, you need to verify your account using a credit/debit card. You can apply for Union Bank’s EON debit card. There are no fees except the 50 pesos fee by paypal. You will see these fees once you hit the withdraw tab on your paypal account homepage.
http://www.bigextracash.com/aft/dbef88b8.html Icek Blueyez

Tanung lang po.. ung e-wallet ko po sa RCBC ay di connected sa visa or mastercard. pede rin po ba gamitin un for withdrawal sa paypal?
Tnx
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hugebelle

I’d like to ask…linking (bank account DEBIT CARD) BPI express teller to paypal, What option (between visa, mastercard and american express) will I opt to? I’m having problem linking my bank account with my paypal. Anyone please advise. Thanks
ryanmurro@hotmail.ph

Hi there
ako naka withdraw ako dati lang using my SMARTMONEY CARD MASTERCARD PREPAID paypal varified ako add bank mo lang 200+ bayad kapag mag withdraw ka through bank ng BDO kasi partner BDO sa SMARTMONEY 2 DAYS LANG makuha mo agad yun money mo galing sa paypal nyo for further help paano link paypal using SMARTMONEY at Paano mag withdraw just pm me yahoo murro_ryan or txt me or call 09499530368 skype ryan_d.murro thanks god bless
JIMMY

Hello Every one. I have a online job and they pay me via PAYPAL i am just transferring my funds to my local Bank Account BPI family savings Bank. I am just wondering it is possible to transfer my funds currency AUD or USD to my BANK account not converted to PESO. any one who can help me Thanks!
- http://twitter.com/FollowHeira Arlyn Heidi Basada
  
  If your bank account is in Php currency then it is not possible. I think you need to open new account intended for AUD or USD currencies.
- http://ijustdid.org Jonha Revesencio
  
  I think Paypal automatically converts it for you :)
Mayeliah

hi can u help me. i just want to know if its okey if i use my BPI family savings bank in paypal account? is it the same bank code of Bank of the Philippine Island? please answer it
Pingback: Complete list of Paypal Bank Codes in the Philippines : PinoyMoneyTalk.com – Make Money Online, Stocks, Forex, Mutual Funds Philippines
Fxaserdoncillo

can someone tell me how to withraw paypal fund? kakasend lang kasi sa akin ng friend ko, he will buy my item.