Paypal accepts withdrawal of funds to Philippine Banks
Posted Tuesday, January 29th, 2008 11:41 pm by Abe Olandres
Viewed 4258 times | Related entries: Tech News, e/m-Commerce
Paypal has just sent out notices to all Paypal Philippine members that they can now withdraw their funds into their local banks. This, on top of the existing methods of withdrawing funds thru debit cards (like UCPB’s EON card) and Philippine-based credit cards.
There’s a Php50 transaction fee when taking out amounts below Php7,000 and no charges (free!) for any amount in excess of Php7,000. Just login to your Paypal account and add the bank account numbers and the bank codes.
The Philippine Bank Codes are published by eBay as follows. To complete your PayPal withdrawal, you will need to enter the name of your bank, your bank account number and the corresponding 9-digit bank code, which identifies your bank.
Allied Banking Corp. – 010320013
Asia United Bank – 011020011
Banco de Oro (& Equitable PCI Bank) – 010530667
Bank of Commerce – 010440016
Bank of the Philippine Islands (BPI) – 010040018
China Banking Corporation (China Bank) – 010100013
Central Bank of the Philippines – 010030015
China Trust Commercial Bank – 010690015
Citibank N.A. – 010070017
Development Bank of the Philippines (DBP) – 010590018
East West Bank – 010620014
Export & Industry Bank – 010860010
HongKong & Shanghai Bank (HSBC) – 010060014
International Exchange Bank – 010680012
Land Bank of the Philippines – 010350025
Maybank of the Philippines – 010220016
Metropolitan Bank & Trust Company (Metrobank) – 010269996
Philippine Bank of Communication – 010110016
Philippine Trust Company (PhilTrust) – 010090039
Philippine National Bank (PNB) – 010080010
Prudential Bank – 010150018
Philippine Veterans Bank – 010330016
Rizal Commercial Banking Corporation (RCBC) – 010280014
Security Bank and Trust Company – 010140015
Standard Chartered Bank – 010050011
United Coconut Planters Bank (UCPB) – 010299995
Union Bank of the Philippines – 010419995
United Overseas Bank – 010270189
The other banks include:
Australia New Zealand – 010700015
Bangkok Bank – 010670019
Bank of America – 010120019
Bank of China – 011140014
Bank of Tokyo – 010460012
Deutsche Bank – 010650013
Fuji Bank – 010640010
International Commercial Bank of China – 010560019
JP Morgan Chase Bank – 010720011
Korea Exchange Bank – 010710018
International Nederland Bank – 010660016
Withdrawal process typically takes 5-7 business days. However, depending on your bank’s policies, it may take longer. Regardless of the foreign currency (USD, EUR, AUD, etc.) you are withdrawing from your PayPal account, the funds will be converted to your local currency.
Related Entries:
9 Responses to “Paypal accepts withdrawal of funds to Philippine Banks”
finally fully feature na ang paypal natin dito sa pilipinas.
Thanks for posting the codes. I have nothing to withdraw yet but I’m going to add my accounts anyway
i have my eon card, can i use the account number to withdraw funds – paypal to bank? so that i wont apply for another account at another bank. thanks
Salamat sa codes.
I am just wondering if I am able to withdraw some $$$ from my Paypal account into my BDO account? I called customer service and they have no official announcement on this kind of transfer. It might be possible that Paypal to BDO account transfer might not be supported yet.
I was able to add this BDO account (and putting the bank code too) successfully into my Paypal account a few days back, but I was concerned with being slapped with some charges if this whole transfer is not done successfully.
Could anyone suggest a workaround on this? This is the only account that I have and I could not yet afford to put up another account, and moreover, get a credit card. Thanks.
i prefer EON from union bank…and one more thing…their service is good…
i have applied with unionbank (EON) but gracious may, it takes 3 months before i receive the kit. which means 3 months ko pa ma withdraw the funds. by any chance, anyone tried withdrawing cash from their Metrobank savings account? Not credit card.
[...] not be supported yet. … anyone tried withdrawing cash from their Metrobank savings account? …http://www.pinoytechblog.com/archives/paypal-accepts-withdrawal-of-funds-to-philippine-banksWays to help The saving grace of this country is that in times of trouble, people don??™t have to be [...]
are there any extra fees? (like withdrawal fees, deposit fees, transaction fees and other extra fees and those $#!+ where my money goes to who knows where?)
how will i receive my money true paypal i only have the transaction id no.
Add your comments