Now that PayPal is offering more and more features to users from the Philippines — the latest of which is the withdraw to bank account feature — a lot of people are wondering what will be offered next.
Can I fund Paypal using my bank account?
Another feature some people are requesting is the funding of Paypal using one’s bank account.
Unfortunately, at present, Paypal accounts cannot be directly funded using a bank account. Accounts can only be funded through a US bank account or by receiving Paypal balances from another user.
(Read more here: How can I add funds to my Paypal account?)
Being able to fund using a bank account will definitely be convenient especially to those who don’t want to use credit cards online. However, it can also be dangerous if a hacker successfully got into somebody’s Paypal account.
Wrote yagami_kira in the How to withdraw funds from Paypal Philippines thread:
In my opinion, this capability of withdrawing funds from local bank to PayPal should not be enabled. It seems very dangerous. If someone hacked your PayPal account, they can directly get your money from your bank account, especially if your bank account contains millions, right?
Can I withdraw Paypal to US Dollar bank account?
Some users are also asking for Paypal to eventually allow direct withdrawal to US Dollar bank accounts.
Now that funds can be withdrawn to peso bank accounts, several people look forward to directly transferring Paypal money, in dollars, to their US dollar bank accounts in the Philippines.
How about you, what feature would you want Paypal to offer next?
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22 thoughts on “Can I fund PayPal using bank account?”
I cant wait any much longer funding my paypal account via local bank account. I dont have any credit card or debit card this moment. My paypal acount is unverified account until now. in the meantime i’m applying EON CyberSpace account from UnionBank. It this possible since I dont have any valid credit/debit card. although i have a Xoom account and payeasy account. I need your assistance on how do i quickly fund my paypal account. thank you very much
To be able to withdraw your Paypal funds, your account should be verified — which means you need to have a debit or credit card. Wait for your EON card and use it to verify your Paypal account.
As for Paypal funding, aside from debit or credit card funding, you can get funds by receiving Paypal balances of other users. “Buy” the funds from your friends or use our Currency Exchange folder and look for people selling their Paypal funds.
A note though: Paypal strictly disallows funds exchange, so be careful not to get caught.
Another feature I want to be added in PayPal PHilippines is to have the “PayPal Account Optional”. In this way, we can accept credit card payments from buyers who don’t have a PayPal account. More like a merchant account.
That would really be of help to online sellers because their clients won’t have to open a Paypal account anymore just to be able to buy something online. Let’s see if Paypal Philippines will soon offer this too.
I’m satisfied with PayPal’s current features. 🙂
Wow, good for you, Joni! 🙂
ask ko lng poo what ‘s the 9 digit bank code of BPI???
prej8, the bank codes are here. BPI’s bank code is 010040018.
Ano po ba benefits if Premier yung account natin sa PAYPAL..can we receive an unlimited funded credit card payment through paypal??
From the Paypal FAQ page:
What are the advantages of a Premier or Business account?
Personal accounts are for individual use only and have limited access to PayPal’s features. For those with a high transaction volume or the need to accept credit or debit cards, Premier and Business accounts offer the following premium services:
* All the core features of a Personal account
* Unlimited credit or debit card payment acceptance
* Subscriptions and Recurring payments
* PayPal Debit Card
* Mass Payment
* PayPal Shops
* Customizable Transaction History Logs
* 7-day-a-week toll-free customer service
* Multi-user access
* Ability to do business under a corporate or group name
does BDO have a debit card similar to EON that we can use to verify our PayPal accounts? i wonder if this would work?
Hi, I’d like to ask. Will I be able to receive funds even if my paypal account is unverified?
Hi sheena, there are limits but yes you can receive Paypal funds even if your account is unverified.
Philippine Beach Resorts, if you already own the card, try it on Paypal and see if it will work. If you still don’t have it, contact the bank and try to ask them if you can use it with PayPal. Or try posting in the Paypal Philippines thread forum and see if other members can confirm if that BDO card can indeed be used.
hi sir. you said that people can recieve funds even their paypal account is unverified but there are limits.. can i ask what are those limits?? thanks..
Hi James. Can you help me? I created a paypal account but still unverified since I have no credit cards and bank accounts to link yet. I understand my account can still be funded but to a certain limit of around 500 dollars I think. My question is how? A friend from abroad who doesn’t have paypal account but have bank accounts would like to deposit to my paypal account? Can he do that?
Can you give me the ways how to fund my paypal since I really need it?
Hi Curious, if your Paypal account is not yet linked to a debit or credit card, the way to fund your account is to receive Paypal funds from another Paypal user. That’s simply transferring funds from one Paypal user’s account to your Paypal account. The way to do that in Paypal is through the “Send Funds” function.
Your friend cannot directly fund your Paypal account using his US bank account. He needs to open a Paypal account first, fund it using his bank account, then transfer the funds to your Paypal account.
Hi James. you’re such big help. Thanks for the reply. Is that the only way to fund an unverified paypal account? No other means?
@Curious, yup actually there are only 2 ways to fund a Paypal account. I’ve explained them here: How to fund a Paypal account?
I fund my Paypal account using onestoptransfer.com . Admin is really good.
You can actually use the services of to fund your PayPal accounts using Cash.
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