Best UITFs in the Philippines, as of Feb. 2008
February 13, 2008
Here’s a list of the top performing Unit Investment Trust Funds (UITF) in the Philippines, as of February 7, 2008.
UITF is an investment product very similar to Mutual Funds. It is a “trust” product, meaning, the entity offering the UITF (the trustee) administers the fund in behalf of individuals (trustors) whose resources have been combined into the fund. It is normally offered by a bank or financial institution and, as a non-deposit product, is not guaranteed by the Philippine Deposit Insurance Corporation or PDIC.
The returns shown below are Year-to-Date (YTD) performance, meaning, from January 1 until the current date, i.e., February 7, 2008. Take note that historical performance is never a guarantee of future results.
Step-by-step guide to withdraw PayPal to UnionBank EON account
October 30, 2007
Finally, my own story of a successful PayPal withdrawal.
On October 19, I requested a withdrawal of $73.55 worth of PayPal funds to my UnionBank EON account. On October 21, PayPal marked the transaction as “Completed” and two days later, the peso equivalent showed up in my EON account. All in all, the withdrawal request took 4 calendar days.
According to UnionBank’s Customer Support, PayPal funds received from merchants — those received from eBay buyers, for instance — usually take up to 11 calendar days before they are transferred to the UnionBank account.
However, normal PayPal transfers — that is, transfer of PayPal balance (not credit card funds) from one person to another — may only take 1-2 calendar days.
That explains why several withdrawal requests in the past had varying processing times. PMT member Biske withdrew PayPal funds on October 13 and received the cash four days later. Another member, jerometurner, got the funds after three banking days. Member smile experienced the fastest PayPal-to-UnionBank transfer; cash was transferred to the bank account after only one day.
To those who plan to withdraw and transfer PayPal to their UnionBank accounts, here is a step-by-step guide to do just that.
UnionBank EON users can access PayPal EXPUSE Number online
October 15, 2007
Update: We have received reports that UnionBank has already disallowed the use of “8400″ as EXPUSE Number. A few members have said that inputting an incorrect EXPUSE number several times leads to a Limited PayPal account. Be warned. Better contact UnionBank to get the EXPUSE number so as not to risk your account.
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UnionBank EON CyberAccount users need not wait for several days and need not contact UnionBank anymore just to get the Expanded Use (EXPUSE) Number necessary to verify a PayPal Philippines account.
Today I added my UnionBank EON account to my newly-opened PayPal Philippines account and successfully enrolled as well in the Expanded Use Program.
Normally, UnionBank EON and eWallet account holders have to wait for 3-7 days before they can get the Expanded Use Number. (Visa credit card holders need to wait for the next month’s statement to get this number.) The EXPUSE number is supposedly not accessible online so users are asked to contact Unionbank’s hotline to get the number.
But this morning I applied for the Expanded Use Program, logged in to my UnionBank online account, used as EXPUSE number the numbers I saw in my Transaction History, and voila! I’m now a Verified PayPal account holder with no Sending limit.
How to get the EXPUSE number in your online account is explained below.
Read the article “Use your UnionBank account with PayPal” for details on how to use UnionBank’s debit and credit cards in PayPal.
