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For Filipinos, to withdraw funds from your Paypal Account, you have two (2) options; Withdraw funds to your local Philippine bank account or Transfer funds to your Card. I’ll take the first option because of the fees involved. I always withdraw my Paypal funds to my bank account so I have provided the steps I have done to link my bank account to my Paypal and steps I use every time I withdraw my Paypal funds.
HOW DO WE ADD OUR BANK ACCOUNT TO WITHDRAW FUNDS FROM MY PAYPAL ACCOUNT?
1. Log-in to your Paypal account, under the “Profile” tab click “Add/Edit Bank”.
2. Add your bank information.
Note: Make sure that your bank account’s first name and surname matches with your details in your Paypal account. Otherwise, the transfer will be rejected by your bank and Paypal will charge you a penalty fee.
Enter the name of your bank, and its corresponding 9-digit bank code which identifies your bank. Please refer below;
BANK CODES OF MAJOR BANKS IN THE PHILIPPINES:
3. Review your bank account information.
4. Confirm.
HOW DO I WITHDRAW MY FUNDS?
1. Log-in to your Paypal account, under “My Account” click the “Withdraw”.
2. Select the option “Withdraw funds to you bank account” (check fees involved).
3. Select the bank account you’re going to use and enter the amount to withdraw.
4. Confirm the transfer.
Congratulations, you have just completed your withdrawal process. Just wait for a few days to receive your earnings.
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pwede po ba ito kahit ndi pa verified paypal account?
Pwede naman kahit hindi pa verified Paypal mo kung hindi ka pa naman magwiwithdraw.
Marami kasing limits ang Unverified like $100 lang and pwede mo isend sa ibang Paypal users and HINDI ka makakawithdraw ng Paypal earnings mo.
Advice ko sa’yo, iverify mo Paypal mo. Madali lang naman. You can apply for a Unionbank EON VISA Electron Card tapos follow this steps in Paypal Account verification.
Madali lang ‘to
Ok salamat..
wow talaga tong site na to…
ang dami ko natututunan
salamat po..
til next time
hehe
Ok, sana maverify mo na Paypal mo.
Bisita ka uli. Thank You
how much ang fee pag ngtransfer ng money from paypal to my bank account. Say, I will transfer $100 from Paypal to my Union Bank account. How much will be the fee?
You can read my post about Fees in withdrawing your Paypal funds to you bank account here
can i use my rcbc mywallet debit card to withdraw funds?
I think withdrawing Paypal funds using ‘Withdraw to Card’ option is not possible since the RCBC MyWallet is not a VISA or MasterCard.
It seems that this RCBC card is quite new so I don’t have one yet. If you’re going to withdraw using ‘Withdraw to Bank’ option, I’m not sure if it’s possible ‘coz I’m not sure if it has it’s own Deposit account.
Better ask a RCBC representative on their hotline, (02) 877-RCBC or (02) 877-7222.
Why not use an EON card to withdraw your Paypal funds instead? It’s easy to apply for an EON VISA card.
Since EON is a VISA card, you can use the ‘Withdraw to Card’ option and also, you’re EON card automatically has an EON Deposit account so can use the ‘Withdraw to Bank’ option.