FAQ: How to withdraw PayPal to bank account
January 28, 2008
Here are some more information regarding the new withdraw to bank account feature of PayPal that it started offering late last week.
Is there a requirement before I can withdraw funds to my bank account?
Yes, you need to add a bank account and you need to be a verified PayPal member.
How do I add a bank account?
Follow the instructions below.
- Login to your PayPal account and go to Profile > Add or Edit Bank Account.
- Add your bank details. The Bank Code is a unique 9-digit number, however, no official information yet about this is available. We do have a partial list of PayPal Bank Codes in the Philippines but, again, this is only partial and unofficial.
- Review your bank information and click Add Bank Account to confirm.
Make sure that the first and last name on your PayPal account matches the name on your bank account. If it does not, your withdrawal request may be rejected by the bank.
