Monday, January 25, 2010

How to Withdraw Paypal Funds to Unionbank Eoncard

First you need to link your Unionbank Eoncard to your paypal account. To do this log-on to your Paypal account. Once on the ACCOUNT OVERVIEW page, click on PROFILE. Then select ADD/EDIT BANK ACCOUNT.

Note: Unionbank Eon card is not just a debit card, it is also equipped with a Deposit Account with NO MAINTAINING BALANCE REQUIREMENT. if you would look at your card you'll see your (16-digit) Eon card number at the center and your (12-digit)Account Number below your name. Make sure to enter your Bank Account Number not your Eon card number.

On the next page, fill-up the form. Make sure to enteraccurate information before clicking confirm button or you will be charged 250 pesos return fee for incorrect details resulting to failed transaction so be careful. Again check the information you entered before clicking CONFIRM button.

Once you have linked your Unionbank Eon Card to your Paypal account.. you can now withdraw funds.
1. Log on to your Paypal Account and click on WITHDRAW button.
2. On the next page you will be given 2 options : OPTION 1 Withdraw Funds to your bank account and OPTION 2 Withdraw funds to your card. Withdrawing to local bank is an advantage based on withdrawal fees involved.
3. Select Bank account on the next page and type the amount you wish to withdraw. # There is a P50 charge for withdrawals P6,999 and below. Withdrawals P7,000 and above will not be charged a fee. Check information and details before confirming.
4. Usually it would take 2-4 banking days before the funds to reflect on yor bank account.
5. Once your funds have been transfered completely, you can go ahead and withdraw your money at any Unionbank ATM or even from other bank ATMs.

For other details visit or click link --> Unionbank.ph.com

IMPORTANT NOTES :
> For Paypal Personal Accounts – You can only accept payments monthly and up to 5 credit or debit card payments annually with your Personal account.
> Unionbank's MINIMUM withdrawal limit is $10.00 (about Php 500).
> 1st and 2nd withdrawal from Unionbank ATM is FREE
You'll be charged a withdrawal fee of Php 10.00 from your 3rd withdrawal onwards.
Non-Unionbank ATMs - from Php 12.00 or even higher.
> To monitor your account transactions or Statement of Account apply for an UNIONBANK EON CYBER ACCOUNT online.