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.
How to transfer PayPal Philippines funds to a UnionBank account
- In your PayPal account, go to the My Account > Withdraw section and choose your withdrawal option. Unless you have a US bank account, you are most likely going to withdraw funds to your Philippine-based debit or credit card, so click the Transfer funds to your card link.
- Enter the amount you wish to withdraw and choose the card where funds are to be transferred. A valid credit or debit card must be attached in your account before you can do this. (Click here to find out how you can use UnionBank credit or debit card in PayPal.) Once you are done, click Continue.
- Review all related details before submitting the request. PayPal reminds you that there is a $5.00 withdrawal fee per transaction and additional return fees are charged if you have an incomplete or incorrect withdrawal request.
- A confirmation page appears if the request is successfully submitted. The page also shows your remaining daily withdrawal limit. PayPal Philippines accounts normally have a $500 limit on daily withdrawals.
- The transaction then appears in your Transaction History. Requests that are not yet confirmed by PayPal are shown as “Pending.” Those successfully processed are marked “Completed.”
- When the funds are actually credited to your bank account depends on UnionBank. As explained earlier, processing time can range from one to 11 calendar days. Others have reported, however, that this can extend to 3-4 weeks. Contact UnionBank to inquire about the status of your withdrawal if you still have not received anything after a few weeks.
Learn more about withdrawing PayPal funds in the How to withdraw funds from PayPal Philippines accounts discussion thread.
June 12th, 2008 at %I:%M %p
Paypal has not confirmed my EON debit card yet. Does anybody know how many does does it usually take Paypal to link a crd to Paypal and thereby enable a person to withdraw from his/her account?
Anyone who applies for EON will be at a loss of what to do next unless he/she makes a research or visit blogs like this one. There is nothing attached to the card except for a slip of paper with important numbers to remember.
So for those to apply for EON read read read and research research research for helpful blogs, or you’ll get frustrated.
June 19th, 2008 at %I:%M %p
hi, i do not have an EON yet cause unionbank is having problems with their system..
do somebody know if i can use my mother-in-law’s credit card, which is obviously not
named after me…=) i need response please….i’m running out of cash right now, cause
my homebased work is sending $$ thru paypal…thanks for any response in advance…
August 14th, 2008 at %I:%M %p
hi there,
i own a mobite site (wap) and im earning money from it for almost a year now. i have question and i hope you can help me with it. does paypal allows you to withdraw paypal funds to my unionbank account with out confirming my cc or dc? my problems is i dont have a cc or a dc, im not yet qualified applying for one, that’s why i have troubles withdrawing my paypal funds to my bank account.
or can you post the requirements for withdrawing paypal funds to bank accounts? thanks hope you can reply asap.
September 19th, 2008 at %I:%M %p
Hello! I would like to ask why not use the “Withdraw Funds to your bank account” option for withdrawal even when using Eon? Isn’t this possible? Thanks.
October 19th, 2008 at %I:%M %p
regarding EON, and how to obtain u only need internet connection and follow the steps, nonetheless, i myself had problems applying for it online thus i decided to go to the nearst unionbank, however, the people in tutuban branch were of no help so i looked for another within teh area and with two thumbs up for teh quality of service that union bank soler rendered, i highly recommend them for hospitality and warm hearted peoples… dun na kyo mag-open, they will surely help u a lot. i got my card thru them in 5days, and funded the card with 250. per paypal’s advise that teh card should have sufficient fund ($1.98), nonetheless it is refundable… approval/statement thru internet banking will include a four digit paypal code for said transaction, key in then presto! link/confirmation complete.
now, im just waiting for sunrise to check my withdrawal to BPI for i fear of $5.00 charge on EON card withdrawal… for other issues u thin i can be of help please email me (ma_reign@yahoo.com/ma-reign@pldtdsl.net) i can allow others to use my acct for their convenience or help you up with aeon application thru soler branch. -reina
January 8th, 2009 at %I:%M %p
Hi,
I just want to share my successful withdrawal from paypal to my eon account. I started to withdraw and transfer it to my card last jan. 5,that’s monday and it was completed last tuesday (jan.6) Today,(Jan.8) the money was reflected on my eon bank account. How fast it is! Its like 3 days only. Maybe, its my bday today thats why. hehehe!
January 26th, 2009 at %I:%M %p
Hi, thanks for the detailed and clear steps you provided. When I checked today, my paypal withdrawal to my EON account was already completed. I hope it will take only one day or tow before I see it in my EON account.
May 7th, 2009 at %I:%M %p
Hello Sir!
I would like to ask for help regarding my EON.
I have tried using it to verify my PayPal Account but PayPal just keep on flashing the message that:
“This credit card has been denied by the bank that issued your credit card. For details on why your card was denied, please contact your credit card issuer’s customer service department. Or, you may want to try adding a different credit card.”
I have made sure that I have entered the right information and I have tried many times but still it won’t be accepted.
How can I resolve this issue? What should I do? I badly need my PayPal account.
I do hope you can help me sir. Thanks a lot.
May 15th, 2009 at %I:%M %p
I wonder if there is now a way to transfer funds FROM EON TO PAYPAL. In verifying my Paypal account, Paypal withdrew $1.95 from my EON account. That means that a Paypal account can be funded from an EON account. But last time I checked, a fund transfer from bank to paypal can only happen in the US.
moralde’s last blog post..Getting My EON Card and My Paypal Verification
June 19th, 2009 at %I:%M %p
BEWARE of UNION BANK!
The 24 hour customer service is non existent! You send an email and you get a response after 2 months if ever you get one.
I have been using eon for a year. It works but if you have a problem you are on your own. Now we have other options for paypal such as offline banks.
This probably explains why this thread is so long. Customers are looking for support somewhere else. hehehe.
Just my 2cents