57 Comments on “Fees in Withdrawing Paypal funds to Local Philippine Banks”

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  1. Mauie says:

    Wow! Thanks for the information. I also read your post about adding EON in the list of banks. You saved me from the $5 charge because I withdrew my money to my bank account and not to my card! Thanks again!

  2. beepinoy says:

    Good thing this post helped you. πŸ˜€

    By the way, nice site. Thanks for visiting, drop by again.

    1. dave says:

      Sir you are right, paypal rejected my withdrawals to my bank account. Is there a chance that my money will be returned? If so please tell me how. Hope to hear from you asap. I really need your help. Im afraid I might lost my money. Thanks

      1. beepinoy says:

        Dude, your comment seems lost. It’s not related here.

        You can find my response to your comment here on our previous conversation on this post. Please avoid posting a comment anywhere unrelated to the post topic.

        Thank you.

  3. choc says:

    hi… thanks for the info…

    can you please enlighten me..

    the EON debit card also comes with an EON deposit account…

    is that still different from EON cyber deposit account or they’re just the same?

    thanks much..!

    1. beepinoy says:

      When you applied for an EON card, it automatically comes with a deposit account but they will not give you any passbook to monitor your account.

      The solution here is applying for an EON Cyber account. This is actually your online passbook for your EON card’s deposit account. They are connected, Cyber account is used for monitoring your EON card’s deposit account transactions.

      Hope this clear things up.

      Thank you for visiting. πŸ™‚

  4. karen says:

    Just a question, if to transfer from paypal to bank account, is the conversion exact as the current peso-dollar conversion? I noticed from your statement above that Paypal conversion is 46.4135. But Peso dollar conversion on May 17 is something like 47.14USD. So its like Paypal deducts 1peso per dollar.

    I’m weighing things if for example chinabank is to deduct P200EFT fee from a 1000 usd withdrawal, please check at my computation if i understood correctly:

    Paypal to Bank
    1000USD x 47.8240 = 47824, less P200 EFT fee, my take home would be P47624.

    PayPal to Eon
    1000USD x 46.4135 = P46413

    So if I understood correctly, it will save more if we withdraw it to our bank account since the fee is only P200?

    Thanks for your advice.

    1. beepinoy says:

      Paypal conversion rate is not equal to the actual peso-dollar conversion for that day. Paypal have their own currency converter. You can read more about it here.

      Paypal doesn’t follow the actual conversion from any bank. I’m going to correct some of your computations according to what I understand. This is based on Paypal’s own conversion rate for May 17, P46.4135 = $1.

      Paypal to Bank (China Bank)
      1000USD x 47.8240 46.4135 = P46413, less P200 EFT fee, your take home would be P46213.

      Paypal to Eon (using withdraw to bank, not to card option)
      1000USD x 46.4135 = P46413

      Based on my computation, you can save P200 using your Eon.

      Actually you can use ‘withdraw to your bank’ using your Eon card, your Eon comes with a deposit account that you can register in your Paypal account as bank. You can read more about it here.

      Hope this clarifies your questions. Thanks for visiting.

  5. Pierre says:

    nice article dude, i have one problem though, how can i transfer funds from my eon card to my paypal account?

    1. beepinoy says:

      To transfer funds from your EON card to your Paypal account, LINK your EON to your Paypal account by following the steps here.

      When Paypal already verified your EON card, you can now use Paypal for your online purchase. Funds will be automatically deducted from your EON funds since they are linked together.

      1. April says:

        Would this mean that whenever I deposit funds to my EON card, it will then go to my PayPal account?

        PS. If ever you receive my emails (uhm about 2 or more), I’m sorry if I have flooded your inbox. It’s just that your contact form didn’t confirm if my message(s) was sent or whatever. I hope it doesn’t matter, heh.

        Thank you so much!

        1. beepinoy says:

          After you deposited funds to your EON card, it will ‘not’ go to your Paypal automatically.

          When you purchase something online using your Paypal account, that’s the only time Paypal will get funds from your EON account since they are linked together.

          Thanks for visiting. πŸ™‚

  6. Pierre says:

    I already tried it bro. hehe. it worked! your the man bro! hehe. this website really helped me dude. thanks man.

    1. beepinoy says:

      No problem dude. Glad it helped you. πŸ™‚

  7. Grace says:

    Hi! here I am, asking questions again.
    I have an EON card and cyber account. Kung,iwiwithdraw ko ung money ko sa paypal to my cyber account,and then I’ll get the cash through an ATM machine via EON card,how much will be the fee?

    1. beepinoy says:

      Withdrawing from EON card using Unionbank ATMs, 10 pesos after your 3rd withdrawal.

      Using Non-Unionbank ATMs, 12 pesos.

      Or you can try this method and withdraw for only 2.50 pesos. I always use this method.

      1. Grace says:

        so,walang fee kung iwiwithdraw ko yung money sa paypal to my Unionbank Cyber account? Did I get it right? Yung transaction lang sa ATM ung fee?

        1. beepinoy says:

          That’s right.

          1. Grace says:

            Thank you so much for all your help regarding my questions.
            Thumbs up!

            1. beepinoy says:

              You’re welcome. πŸ™‚

              1. George says:


                Related to this topic:
                If I transfer from PayPal to Unionbank Savings Deposit Account then withdraw through ATM may bayad parin bang P10.00 or does this apply to Unionbank EON Account only?

                Thank you!

  8. ehya says:

    Hello Sir Bee, first of all, I’d like to thank you for the information you provided for paypal. I’m not much into online payment stuff but your site get me to understand how it works and how secure it could be. Btw I’ve been hearing a lot from this new service of Globe and its called Gcash Click. This is a new online payment scheme which lets both buyer and seller registered on the their domain. it secures both the buyer and the seller especially for a pending scam. I haven’t seen your write ups for this, maybe you could enlighten us for this. I’d like to hear from you soon for your write ups for Gcash Click on how safe and secure it could provide. thanks!

    1. beepinoy says:

      You’re welcome ehya. Good thing the info here helped you.

      In case of Globe Gcash Click, I haven’t used that yet. Maybe I’ll give it a try and post some feedback about it.

      Thanks for visiting. πŸ™‚

  9. karen says:

    Hi there, Bee,

    Following your advice, I got a new Eon card. I need to get verified in Paypal. Do I have to deposit or load up my Eon so that Paypal would acknowledge it?

    Many thanks!

    1. beepinoy says:

      Yes, you have to deposit $1.95 (equivalent to around 100 pesos) first before verifying it with Paypal.

  10. Pierre says:

    Here I’am again dude. hehe. just wanna ask something again. have you tried buying from ebay US? how much does paypal charge if i’ll be sending money to a premier/business paypal account holder? for example i’ll be paying the seller $200, how much does paypal charge? cuz i tried sending $2.13 to my friend’s account, but only $1.76 arrived in his account. thanks for answering our questions man. this site is a BIG HELP!!!!

    1. beepinoy says:

      In sending/receiving Personal payments, if you used your previous Paypal balance to send him $2.13, he will receive it in full.

      But when you sent money to your friend, he is charged 3.4% of $2.13 plus $0.30 that is equivalent to $1.76. This is a sending fee because your transaction was deducted from your credit card since you have no previous Paypal balance. Actually either the sender/receiver can pay this fee but since he received only $1.76, it means that you, the sender, charged it to your receiver.

      In terms of buying at ebay, you don’t have to worry about certain Paypal fees because there are no fees for buyers when purchasing online. The merchant or the one getting paid will have Paypal fees because he earned from your purchases.

  11. Lyuf says:

    Thanks so much for the info here. But just wanted to ask, is there a way to withdraw from Paypal your money in dollar currency instead of pso?

  12. Lyuf says:

    * pso –> peso

    1. beepinoy says:

      You can try to withdraw using your US dollar account on your Philippine bank. But don’t think you can avoid Paypal conversion rate fees by doing this. I emailed this question to Paypal and this is their response,

      “even though your Phillipine bank accepts US dollars when you
      make withdraws we will make the convertion to Philippine Pesos because
      it is a Phillipine bank and yes there will be exchange rate.”

      What I think will happen if you do this method of withdrawal is, you withdraw to your Philippine bank but using your US dollar account. Paypal still converts your withdrawal to Pesos since the local currency of you bank is Pesos. Your Philippine bank then receives incoming transfer from Paypal in Pesos then your local bank will convert this to US dollar since your account is in dollars.

      I haven’t tried this method yet but I think it’s more expensive than withdrawing it directly in Philippine Peso because of the two currency conversion that might occur, Paypal’s USD to Php then your bank’s Php to USD.

      Tell me about your experience if ever you’re going do this method.Thanks for visiting.

  13. edelweiza says:

    If I’m not mistaken, landbank doesn’t have EFT fee. I use my landbank savings account when transferring funds from paypal. πŸ™‚

    1. beepinoy says:

      Landbank has no EFT fees? Well, that’s good news for Landbank users.

      I rarely see their branch here in Manila. hehe

      Thanks for the info, drop by again. πŸ™‚

    2. Edmarie says:

      does really Landbank and PayPal works together?

  14. renz says:

    Landbank charges P100.00 for EFT. I tried it once.

  15. Elijah says:

    Hey nice web site. One question though, which is better, convert dollar to peso first while in paypal before withdrawing to eon or just let the the conversion fall through while being withdrawn to eon? Thanks

    1. beepinoy says:

      Actually, I think it’s the same.

      If you convert to dollar to peso on Paypal before withdrawing to your EON, your dollar funds will be converted using Paypal’s currency converter.

      On the other hand, if you directly withdraw your dollar funds to your EON, it will still be converted by Paypal using its own currency converter.

      Hope this helps. Thanks for visiting. πŸ™‚

  16. glazel says:

    hi! just wanna ask if landbank accepts paypal…and how can i verify it? i just added my bank account on paypal yesterday april 1,i forgot it is holiday (holy week) my paypal acount had already deposit 2 amounts on my landbank account for verification..i checked my bank account transactions online but there is none from paypal..can i still verify it on monday when the bank resumes?

    1. beepinoy says:

      I think you’ll have to wait until Monday to see what happens since Thursday and Friday are official Philippine holidays.

      You can check it on Monday.

  17. Edmarie says:

    Hi Sir,

    I use my landbank account into my paypal. I just withdraw my funds last Dec. 10, 2010 .. Its actually my first time. Does landbank really works? Please inform me, I am so worried. thanks!

  18. Rose says:

    Thank you for the very informative article. Up to now I have not yet decided to where to apply for a visa card. Thanks for the tips.

  19. bing says:

    great!!! this is so helpful! i am actually withdrawing my paypal bal to my BPI account and guess what??? EFT is 288.00!hmpf im getting my EON card!!!!

  20. karis says:

    Just wanna ask if we can withdraw dollars to our EOn account…

    1. beepinoy says:

      Sadly, I think it’s not possible for now.

      1. Laurence says:

        sana maka withdraw ng dollar no πŸ˜‰

  21. nate says:

    hello, if I transfer funds from my EON to another local bank (BPI for example) will there be an EFT charge?
    I hope you can enlighten me on this.

    1. beepinoy says:

      Currently, 10 pesos EFT fee from EON to other banks.

  22. Ed says:


    If you can verify the information above regarding withdrawing from your banks, you can change some of them. Here’s what I have:

    BDO – P200.00
    BPI – P150.00
    Metrobank – P136.70 (yes, I don’t get the quackiness)

    I have tried all three methods above when withdrawing thru PayPal to my banks. But I’ll reactivate my EON account since it looks really cheaper! πŸ˜€

  23. Laurence says:

    wow! ang laki ng peso sa una $1=46 ngayon $1=41 na lang πŸ™
    ask lang po kung alam nyo po kung magkano ang online transfer from EON to landbank? thanks po ng marami..

  24. Erika says:

    have you tried to purchase an item on ebay.com thru EON?
    as I have read there would be a charge of 2% since there would be a currency conversion from peso to dollar..is that correct?

  25. jepoi says:

    I got an experience of Electronic Fund Transfer in BDO, then suddenly I’ve noticed, there was a deduction of exactly Php 200 from my BDO saving account. Now, I got an idea, I’l prefer to open Unionbank EON Cyber Deposit Account for FREE.

  26. Eyeinthesky says:

    Thanks for the post, this really helps. But I just want to add something. If ever you’re selling something online, take into consideration that Paypal will charge you with their fees. They took $6.15 from my $150.00. It’s also good to know that EON does not charge any fees, but I don’t know until when this will last. I mean how would they earn from their services rendered? I dont think Paypal is splitting their fees with the UnionBank.

    Sorry if the post is missplaced, I just want to give the others a heads-up.

  27. NieFeng_XII says:

    I would like to ask if the Unionbank EON Cyber Deposit account is still as it was when this post first came around? I’m thinking of opening an EON account for me.. I don’t wanna be surprised with the new bank policy, if ever. Thanks^^

    1. Eyeinthesky says:

      Hi NieFeng_XII,
      The important part was the Paypal transfer to EON below P7,000 will have their fees, and EON charges you each time you make a withdrawal. So its better to take everything in one withdrawal and transfer it to your bank account.


  28. maricel says:

    Hi, i just wanna ask po regarding po sa withdrawal of funds from paypal to my bdo account? Because my client fro malaysia paid me about 75,600php, but when it was posted to my bank account, it was deducted about 3,000php, so ang natira na lng po sa bank account ko na napost is 72,600 n lng po. Please help me because, all I know withdrawal fees are free. So how come I was charged for this?

  29. Eyeinthesky says:

    Maricel, mag inquire ka lang sa BDO. Kung sa UnionBank EON lang yun sana, sigurado akong free lang yun.

  30. Glycer says:

    Hello po. Buti na lang nakita ko ang post na ‘to kasi worried na talaga ako. I’m a first time user of Paypal and have just opened an account in China Bank last Dec. 5. On that same day, I withdrew my paypal funds to my newly opened account.

    According to Paypal, processing of withdrawn funds will take 2-4 days. Today is the 4th day since I made the withdrawal but unfortunately, the transfer has not yet reflected to my bank account. I got worried so I emailed an inquiry to China Bank through their website. Mas nagwoworry na talaga ako because in China Bank’s response to my inquiry, they said that China Bank is not yet formally tied up with Paypal. Ano ibig sabihin nun? Aabot bah yung pera ko sa bank account ko?

  31. elvin says:

    thank God i found this site and have eon 4 years now i withdraw bank use eon no charge fee and im planning opening other bank account like metrobank passbook merun palang charge at ang laki yung iba 200 i withdraw 70k monthly paman so ganito nalang eon to landbank nalang 10 pesos pa ang charge so i save alot of money good ideaba? any idea guys? o thank God for this charge fee any kind of bank

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