Transfer PAYPAL Funds to Philippine Bank Accounts

GOOD NEWS! Paypal now transfers funds to Philippine Bank Accounts. See Official List of Philippine Bank Codes for Paypal

Note: Other banks charge 200 pesos per transfer, that is why most Filipino Paypal users use Unionbank EON Card. Unionbank only charges 50 pesos for transfers below P6,9999. Free for P7,000 and above. Visit http://www.unionbankph.com for more details and step by step guide on transferring funds from Paypal to UNIONBANK Eon Card.


How to Withdraw Paypal Funds to Your Philippine Bank Account:

1. In order to withdraw funds from your Paypal account to your Philippine Bank Account, you need to register it first to your Paypal Account. You can do this by logging in to Paypal, on the ACCOUNT OVERVIEW page hit the “Profile” button and select “Add/Edit Bank Account.” And follow the succeeding instructions.
2. Then select Philippines as your country.
3. Make sure you enter the same name you registered at Paypal and the name that corresponds to your bank account.
4. Enter Bank Name and the 9-digit Paypal Bank Account code.
5. Enter your Bank Account number.
*Make sure you entered accurate information before clicking CONFIRM or you will be charged 250 pesos return fee for incorrect details resulting to failed transaction so be careful.
6. Click withdraw button and choose “Withdraw funds to your bank account”
7. Waitfor about 2-5 days to receive your money to your Bank Account.