Withdrawing Paypal Funds to Unionbank EON, to Card only? Or to Bank a possibility?
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We are aware that Paypal gives us two (2) options in withdrawing Paypal funds in the Philippines; withdraw to card and withdraw to local bank. Withdrawing to local bank is an advantage based on withdrawal fees involved.
A lot of Filipinos are using Unionbank EON VISA Electron Card to verify their Paypal accounts but many are unaware of this card’s features. Most Filipinos are asking these questions and I have provided answers based on my personal experiences;
Is Unionbanks’ EON VISA Electron Card exclusively a debit card?
No. This card is not just a debit card. It’s also equipped with a Deposit Account with NO maintaining balance requirement (MBR) so that you can add funds to your debit card for your payment and shopping needs. If you examine your EON card, you can see your Card Number at the center (16-digit) and your Deposit Account Number below you name (12-digit) as shown below.
How can I monitor my account’s transactions? I don’t have a passbook. Do I have to request for a statement of account?
You don’t need a passbook nor request for a statement of account. You can monitor your transactions by applying for an EON Cyber Account online (very advisable). This is Unionbank’s internet-based deposit account, more like a statement of account online.
I want to withdraw my Paypal funds to my local Philippine bank account, can I use my EON’s deposit account?
Many Filipinos are unaware of this, most think that EON card is exclusively a card. Yes! You can use the “withdraw to bank” option using your EON’s deposit account.
But first, add Unionbank as your bank account in your Paypal profile and make sure to use your EON’s Deposit Account Number when entering your bank’s “Account number”, not the EON Card Number. Refer to the image above to locate the proper numbers.
And the great thing about withdrawing your funds to your EON Deposit account is that you will receive your withdrawn funds unaffected by EFT fees in between transaction.
I hope the information I provided here clarifies your questions and be useful to your online transactions.
61 Comments on “Withdrawing Paypal Funds to Unionbank EON, to Card only? Or to Bank a possibility?”
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wow .. laking tulong talaga ng site mo..
kala ko kasi po ndi pde sa EON ung withdraw to bank..
dapat magopen pa ko sa ibang bank eh..
applicable pa rin po ito sa EON ngayon?
kasi diba pag sa card my 5 dollars na fee?
pag sa bank mas maliit right?
Posted on August 11, 2009 at 3:29 pm.
Yes, applicable lagi ‘to. When you apply for an EON account, automatic na may deposit account na yun.
Advisable talaga to ‘withdraw Paypal funds to bank’ using Unionbank. No withdrawal fee basta 7000 pesos pataas withdrawal mo and Unionbank is not charging incoming EFT (electronic fund transfer) fee. Other banks are charging 200 pesos sa EFT fee.
Posted on August 11, 2009 at 6:05 pm.
EFT means?
Posted on April 13, 2010 at 12:08 pm.
Cheapest way to withdraw Paypal funds in the Philippines << BeePinoy.com says:
[...] Make sure you registered a Unionbank Savings Deposit Account or, registered a Unionbank EON account as your bank in your Paypal profile. If you don’t have any Unionbank account, I prefer you [...]
Posted on August 23, 2009 at 7:25 pm.
Fees in Withdrawing Paypal funds to Local Philippine Banks << BeePinoy.com says:
[...] EON Cyber Deposit Account. Remember, when you apply for a Unionbank EON VISA Electron card, it’s not just a debit card. It comes with a deposit account with NO maintaining balance and I think that’s very nice! [...]
Posted on August 28, 2009 at 5:07 am.
here i go again..hehe..I have just transferred/withdrawn my money from paypal to my EON account. Will the money that I’ve transferred reflect on my EON’s online statement of account? Can I already withdraw it through ATM? Thanks.
Posted on October 14, 2009 at 8:06 am.
Yes, your withdrawal will reflect on your EON’s online statement. It’ll take around 3 business days to arrive in your statement.
You can withdraw it using your ATM when the funds are already reflected in your EON online statement.
Posted on October 19, 2009 at 6:51 am.
I just withdraw my money from paypal to my eon but the problem is that the card no. (16 digit) is what i used in adding a bank account instead of the account no (12 digit) at the bottom of the card. Paypal states that the transaction is completed.
dapat daw ang ginamit ko ay account no.
ano nang nangyari dun sa money ko??
reply pls.
Posted on October 17, 2009 at 6:58 am.
Withdrawing Paypal funds to a local bank account in the Philippines usually takes around 3 days to be fully completed. 1 day for Paypal to send it to your local bank and around 2 days for your bank to confirm if your EFT (electronic fund transfer) from Paypal is valid.
In your case Paypal already sent a notification to your local bank that their is an incoming fund transfer from you since you said that “Paypal states that the transaction is completed”. So right now, it is up to your local bank to confirm or reject the transfer.
Since you said that you input the wrong account number, there’s a big possibility that the bank will reject the transfer from Paypal. The funds will return in your Paypal account but you will be charged a return fee (I think it’s around 250 pesos). This is according to this statement by Paypal,
“Note: If you try to withdraw funds from your PayPal account to your local bank account and the deposit is denied by your bank (because an incorrect bank account number was entered, for example), you will be charged a return fee.”
When did you withdrew your Paypal funds? Yesterday? I think what you can do now is to wait for the 3 day withdrawal transaction to be completed to know what happened to your funds. Most likely it will be rejected by the bank and you will charged a return fee.
If this happened and you are charged, I advise you to change your bank account number to the right one to prevent this from happening again.
Posted on October 17, 2009 at 7:40 am.
Yes i withdrew yesterday. Hopefully the bank will just reject it.
Thx again.
Posted on October 19, 2009 at 6:06 am.
Sir, Good afternoon, salamat at may ganitong site, January 24 (sunday) nag withdraw ako ng 7k to be transferred sa EON ko, ang problema, yung card number ang nailagay ko hindi account number… nabasa ko yung reply mo about sa irereject ng unionbank yung pera at ibabalik sa paypal, kaso it’s been a week na, from this day, 6 working days na ala pa din bumabalik sa paypal ko. any help pls? thank you so much.
Posted on February 1, 2010 at 12:13 am.
If that’s the case, you need to contact Paypal’s Help support directly. Just log-in your Paypal account and there’s a help support link there. Report to them your detailed problems and they will gladly help you.
Hope your problems will be fixed soon. Thanks for visiting.
Posted on February 1, 2010 at 9:37 am.
tol pagkatapos na send ko sa wrong bank account. card no. ang ginamit ko eh, nag send sa akin ang paypal ng $1.95 bonus transaction daw. last wed. ang transaction ko.
Posted on October 21, 2009 at 6:02 am.
Your withdrawal using a wrong bank account number is not related to the “Bonus transaction of $1.95″ given to you by Paypal.
Please read Step number 3 of my article about Paypal Account Verification to know more about the “Bonus from Paypal” ($1.95).
For your withdrawal concern using a wrong bank account number, you can read my reply to Mark.
Posted on October 21, 2009 at 9:35 am.
at nakunan din ng 100 pesos ang account ko sa eon. any tips tol.
Posted on October 21, 2009 at 6:05 am.
The 100 pesos deducted to your EON is actually a part of the Paypal Verification process, please read Step number 3 of my article about Paypal Account Verification.
This deduction is already returned to you, not in your EON but in your Paypal account as a “Bonus from Paypal” ($1.95). As you said from your previous comment, your Paypal got a “$1.95 Bonus transaction”. It means that you are already a Paypal Verified member. Congatulations!
Posted on October 21, 2009 at 9:42 am.
na denied na ang transaction ko. Then bumalik na ang funds sa paypal ko with a deduction of $ 9. nag add then remove na din ako ng bank account. so should i use the withdraw to bank account na option pra sa eon account ko o withdraw to card? less than 7K po ang funds ko. careful na ako bka deduct na naman.
Thx again.
Posted on October 31, 2009 at 3:12 pm.
Based on the Fees on withdrawing Paypal funds in the Philippines, withdrawing to bank account is a better choice than withdraw to card.
‘Withdraw to bank account’ deducts a fee of only 50 pesos if you withdraw funds less than 7000 pesos while ‘withdraw to card’ charges a fixed fee of $5 USD (or around 250 pesos).
Just make sure that your bank account details (‘Account Name’, ‘Bank Name’, ‘Bank Code’ and ‘Account Number’) are correct.
Posted on October 31, 2009 at 6:46 pm.
thx nice site.
Posted on November 1, 2009 at 12:06 pm.
Unionbank EON Card Application | Make Money Pinoy | BeePinoy.com says:
[...] deposit $1.95 (about 100 pesos, I made it 200 pesos for sure) to your EON Savings Account. Your EON Saving Account Number is located below your name on your card, the 12-digit one. This amount is going to be used by [...]
Posted on January 24, 2010 at 11:29 pm.
Sir regarding withdrawing your money from PayPal to EON ACCOUNT. You said that I have to put the deposit acct. no. not the card no. But during adding my bank account, I was tasked to put my card no (16 digits) not the deposit acct. no as what you indicated in your post. Will this affect my transaction? But the PayPal sent me a confirmation saying that on Feb 3 I will be receiving the amount na po.. Nalilito lang po ako kasi last wednesday po ako ngprocess, bakit po ba sa Feb 3 pa marreceive ko yong amount? eh dba 2-4 days lang po dba?
Hope to hear from you soon Sir. THanks! and more power!
Posted on January 31, 2010 at 8:49 am.
During adding your bank account, you said that you were tasked to put your “card no”? It’s not “card number”, I haven’t seen a “card number” field upon adding a bank account on Paypal.
It’s actually “Account number” referring to your 12-digit EON deposit account number. Please read it closely and you will see “Account number” and not “card number”.
For the “(16 digits)” that you said, it doesn’t mean that you’ll have to enter exact 16 digits, it’s indicated there “1-16 digits” meaning your bank account’s deposit number can be one up to a maximum of sixteen digits.
If ever you entered the wrong bank account number and you withdraw your Paypal funds using that wrong number, there’s a big possibility that your bank will reject this transaction and your withdrawn Paypal funds will be returned in your Paypal account but Paypal will charge a fee (I think it’s called a charged back fee) of around 250 pesos above because of a failed transaction.
The 2-4 days actually are business days so the count doesn’t include Saturday and Sunday.
Hope this clarifies your queries.
Posted on January 31, 2010 at 12:36 pm.
Hi Sir, thanks for your quick response. Regarding the paypal withdrawal method, How come the paypal confirm my bank account and they give me a confirmation that on Feb 3 I will be receiving my money? Alam mo ba kung ano yong result to my previous transaction? wherein i entered the card no. instead of my deposit account no,? Thanks
Posted on January 31, 2010 at 9:37 pm.
Upon adding a bank to your Paypal account, Paypal reminds it’s account holders to make sure that the information (such as Account name and account numbers) they entered are correct meaning it matches with your bank account information.
Notice that before you can add the bank information you entered, Paypal will give you a final reminder that goes like this,
“Review your bank account information
Please make sure your information is correct and complete. Otherwise, transfers to and from your PayPal account will be returned. A return fee of P250.00 PHP will apply, and your bank may charge additional fees”.
Remember that Paypal is a business company, and like other businesses need to earn through fees so it’s up to the account holder to make sure that the information they entered are correct.
In your question, “How come the paypal confirm my bank account and they give me a confirmation that on Feb 3 I will be receiving my money?”
As I’ve said, it’s a business thing. They already gave you a warning of certain fees that can be charged to you for failed transactions. The actual verification process if the information you entered are correct happens in cooperation with the bank company you entered.
It goes like this, you withdraw your Paypal funds to your bank account. Paypal approves your withdrawal since you already added your bank. Paypal then sends a notification to your bank (for example Unionbank) if the account name and number is valid and existing. Now it’s the bank’s turn to verify it, if your Paypal account details doesn’t match that with your bank, the bank rejects the transfer of funds and notifies Paypal about it. Now that Paypal confirms that your account information are incorrect, you will be charged a fee for a failed transaction.
The verification of your account details underwent a certain process so the incorrect information results to failed transactions, it generates delay in business transaction that’s why they charge certain fees (remember that they are a business company), also to remind their account holders to be careful and make sure that the details they entered are correct.
Posted on February 1, 2010 at 9:31 am.
Dave, this is a response to your lost comment.
You said there that Paypal already rejected your withdrawal and now you’re asking if “Is there a chance that my money will be returned?”.
If Paypal already rejected your withdrawal, it means that the money you withdrew will return to your Paypal account but there will be a deduction or a charge back fee due to your failed transaction.
Please read my previous responses to Mark and Jaggerjack as I already answered the same question. Thank you.
Posted on February 2, 2010 at 11:14 pm.
Hi I would like add a bank account in paypal, however I don’t know what to put in the “bank code” and “bank name” fields. I don’t see a 9-digit number in my EON card. As for the “bank name”, how should I enter it: Union Bank, UnionBank, unionbank, union bank? Or are there any variants I don’t know?
Also, is it proven? I mean using the 12-digit number as an account number for adding a bank account in paypal does work? Is there any deduction/fee for failed/successful attempt?
Thanks in advance!
Posted on March 6, 2010 at 12:07 am.
For the bank code and bank name, you can refer to my post here.
There’s fee for failed transactions so make sure that the details you are inputting are complete and accurate. You can also read the other comments on this post about fees on failed transactions.
Posted on March 6, 2010 at 12:56 am.
Thanks! It really helped me… One more thing, about the account name. I notice paypal doesn’t provide a field for middle name. Or I am missing something? If so, will it cause a failure?
Posted on March 6, 2010 at 1:51 am.
Just make sure that name you input in your Paypal matches with your local bank account’s name, then there will be no problems.
Posted on March 6, 2010 at 2:25 am.
Thanks!
mmmm, once I withdraw my money to my bank account, will I be able to withdraw via ATM?
Posted on March 6, 2010 at 3:52 pm.
Yes you can but there’s an ATM withdrawal fee according to UBP.
If you withdraw at UnionBank ATMs, 10.00 Pesos (after the 3rd withdrawal) and if you withdraw at Non-UnionBank ATMs within the Philippines, 12.00 Pesos.
Posted on March 7, 2010 at 1:29 am.
Hello po..ok lang ba ang bank name ko is unionbank of the philippines na transfer ko na kasi ung funds ko sa bank acc ko, pls respond
thanks and more power
Posted on March 8, 2010 at 3:31 am.
I’m not sure if Paypal will accept or reject your withdrawal kung hindi exact ang bank name according sa list, you’ll just have to wait for the outcome.
Posted on March 8, 2010 at 6:53 pm.
Hi. pahelp naman po. it was my first time to withdraw paypal paypal funds. nagwithdraw po ako last feb.22,2010, completed at same day din.then na-realize ko na i entered the card# instead of my account#. so i was thinking na magbounce back sya sa paypal account ko. couple of weeks na wla pa din so nag email ako sa paypal.sbi nila since process competed na sa system nila icontact ko daw ang bank.so nag email nmn ako sa union,halos week bago sila nagreply,sbi nmn nila since may mali nga daw binalik nila sa paypal nung feb24.so nagemail ulit ako sa paypal and sbi nila wala daw silang natatanggap from the bank.contact ko daw ulit ung bank. til now di pa nagrerespond ung unionbank. its been a month na. worried na tlga ko kc mejo malaki din ung winithdraw ko e.very alarming since its my first time…
nakaencounter na po ba kau ng ganito? any advice? please. thanks!
Posted on March 24, 2010 at 12:25 am.
I haven’t encountered that yet pero mukang kailangan mo agad aksyonan yan.
I think you have don’t have to wait for UBP’s email because as you said they were responding too slow.
You need to call their hotline directly, then ask the operator to transfer you to the personnel in-charge of receiving and rejecting withdrawals from Paypal so that you can explain your problem directly to them.
Sabi ng UBP binalik nila sa Paypal nung Feb24? Try mo makakuha ng Transaction Report or transaction number na proof na naibalik na ng UBP sa Paypal nung February para meron kang maipakitang proof sa Paypal na rejected nga.
You can Call Unionbank’s call center customer service hotline at 84-186 (accessible for PLDT Landlines only). Dial 841-8600 (for non-PLDT subscribers).
Posted on March 24, 2010 at 7:15 am.
Thanks! Ill call them tomorrow. thanks for the info! ill post here what happened.
Thanks po ulit!
Posted on March 24, 2010 at 1:36 pm.
Hi!
i just called UBP. and after waiting for how many 2minutes, the only thing i got is that naibalik na daw nila ung fund ko last feb24. i was asking for any tracking or transaction number from them para maverify ng paypal but they told me na wala daw silang ganun. They told me na one possible issue daw is baka ung fund ko daw is nasa receiving bank pa ng paypal, and it’s up to paypal to coordinate to their bank(which serves as the middleman, they said).
i just want to correct, i withdrew pla last feb12.
thanks.
Posted on March 25, 2010 at 3:25 am.
hi vern,
I have experienced that before when I tried withdrawing a big amount from PayPal to my EON card. I recommend that you call PayPal thru Skype. It’s free. There’s a good advantage of calling them because you’re going to talk with our fellow filipinos (call center representatives) I hear where you’re coming from. I got relieved after I talked to them. The money was sent back to my PayPal after 10 working days.
Posted on March 25, 2010 at 3:43 am.
hi jezer!
Thanks for the suggestion! I haven’t encountered someone with same case. Buti nalang nagpost ka.. kahit pano narelieved ako na makikita ko pa yung “lost” fund ko
Ill contact paypal soon via skype.
Thanks a lot
Posted on March 25, 2010 at 1:00 pm.
hi!
paypal representatives were asking for my bank statement from feb 22- march 22. i called union bank and asked if they could provide me with such statement. the bank’s representative told me that the only way to have a statement is thru its online banking’s history. i fax paypal with that statement i saved from the online banking. then paypal said they need something that is issued by the bank and not an online statement.
how was that?
any advice? thanks!
Posted on April 15, 2010 at 7:51 pm.
hi jezer!
im desperate. id like to ask for your email address so i can personally ask for advice about my lost fund. you said you had experienced that before..perhaps i can talk with you about that?
i actually called paypal, but every time im transferred to that special department who happened to be incharge of the case, the agent keep saying he cant barely hear me. i dont know if he really cant hear me or just dont want to entertain my issue. i was able to talk to different agents since i called many times and they all hear me well.
i dont know what to do now.. my fund.. i think its gone forever..i really wont mind it if its small but its quite big.
please help me…
thanks in advance!
Posted on April 19, 2010 at 9:41 pm.
Hi Vern,
I’m sorry to hear that. What’s your YM?
Posted on April 19, 2010 at 10:55 pm.
hi jezer!
you can add this one:
blueberryver
thanks!
Posted on April 19, 2010 at 11:05 pm.
Hi beepinoy,
I am having problem understanding the policy behind receiving money. My last two transactions have inconsistency. I don’t think I can explain it really well so I have to resort to this:
Sent Fee Received
70 USD = 3.03 USD = 2968.31 Php —–> last
70 USD = 3.03 USD = 2938.89 Php —–> latest
As you can see, the entries in the ‘Received’ column isn’t equal even though the transactions have the same ‘Sent’ and ‘Fee’ entries. Or in others words, I am not getting the same amount of money even though I am sent with the same amount in each transaction. This has happened to me 3 times I think, with the others have questionable deductions. Any help pls? Also, how can I contact paypal to tell them this particular problem?
Posted on April 3, 2010 at 11:55 pm.
It maybe because Paypal’s currency conversion rate from USD to Php is slightly lower on the day of your “latest” transaction compared to the day of your “last” transaction.
You can contact Paypal by logging-in on your Paypal account then there’s a “Contact Us” link on the footer part of the page.
Posted on April 5, 2010 at 6:01 pm.
Hello. Helpful thread really many thanks. My questions are:
1. If i already added BDO as my bank account for paypal, can i change it later to EON Cyber Account?
2. My bdo passbook account comes with an ATM debit card. If i withdraw the amount via atm, after being credited to my bank account, will i be charged of the 5usd fee or just the ATM fee of 10/12 pesos as the case maybe?
Many thanks.
Posted on April 4, 2010 at 11:11 am.
Hi mitch!
Answer to question 1, you can add another bank account to your Paypal account.
For question 2, Have you already added your BDO passbook account to your Paypal account’s “Add Bank Account”?
If already added, and you’ve chosen the “Withdraw funds to your Local Philippine bank account” withdraw option in Paypal and NOT the “Withdraw funds to your card” option, and the transfer is already credited to your bank account, there will be NO 5usd fee.
For withdrawing from your bank to ATM, standard bank ATM fees apply like 10-12 Php.
Posted on April 5, 2010 at 6:41 pm.
by the way .. my boss transfer fund to me and there is 3 choices to accept it …
1. Accept this payment and convert it to $74.03 USD.
2. Accept this payment in Philippine Pesos and create a balance in this currency.
3. deny
i choosed ’2′ , accept it in ph…… but when i saw it in order status still need to ACCEPT IT or DENY …
i choose ACCEPT again.. and this was happen , there is a fee..
Amount received:
P3,400.00 PHP
Fee amount:
-P147.60 PHP
Net amount:
P3,252.40 PHP
…. any idea, why there is a fee in accepting payment in paypal?
Posted on April 13, 2010 at 1:33 pm.
sorry some of my grammar are wrong, i didn’t check it ^_^
Posted on April 13, 2010 at 1:36 pm.
Probably, your boss passed on to the receiver (that’s you) the Paypal fund transfer fee instead of the sender (your boss) shouldering that 147php.
Posted on May 10, 2010 at 5:52 pm.
Hi
ask ko lang po….may account yung kuya ko sa Paypal pero iba yung ginamit nyang name kasi po confidential yung work nya..den he verified yung acount using his card with his real name then verified naman..the problem is nag transfer sya sa debitcard ng 10k then it says completed…then we wait na ma credit yung pera wala…then ayon bumalik sa account nya ulit he’s using yung BPI Express cash.. nakaka stress po pa help sayang po yung 30k malaking pera yung mag 1year na yung pera dun sa acoount hindi parin namin makuha…we reallly need your Please Help!!!!!!!!!!!!!!!!!
Posted on May 9, 2010 at 10:10 am.
Make sure all the details in Paypal account and bank matches especially the account name. This is for security purposes to prevent fraud acts.
You said that your brother used a different name. If your brother uses Paypal, then he must use his real name in his Paypal account. (It’s not that easy to change a Paypal account name unless you have a valid reason as I’ve said before, for security reasons).
If your brother really needs to withdraw the funds, then he must contact Paypal support directly to help him with his problem.
Hope this helps.
Posted on May 10, 2010 at 6:12 pm.
Hi, I also entered my EON card number and not my Account number. Now, I edited my account and added using my account number. So something like I put another account. My question is, are they going to deduct another 1.95US$ to confirm my account?
Posted on May 14, 2010 at 8:24 am.
If your Paypal account is already verified before, no need to worry, you won’t be charged another 1.95.
Posted on June 4, 2010 at 12:44 am.
Hi,
Nag withdraw ako last May 20 sa paypal at nag re-flect naman agad nung 23 or 24 na completed na yung transaction. Pero kahapon ko lang na realize na nagkamali ako at instead na ACCT number, card number ang nailagay ko sa withdrawal.
Confusing yung video ng union bank about this. Ang sabi kasi “just like enrolling a debit card” ang pag w withraw. pinutol pa sa video yung ilalagay na yung 12 digit account number.
Anyway, gusto ko lang malaman kung pano nyo na resolve. I already called union bank. System down daw sila eh. Should I e-mail Paypal instead?
Salamat ng marami!
Posted on May 25, 2010 at 9:56 am.
Although it’s already completed, Unionbank will reject it because your account number is not correct. Because of this failed transaction, your withdrawal will be returned to your Paypal account and you will be charged a penalty fee.
Just change your bank’s account number and make sure that it’s the correct one you’re entering this time to avoid failed transactions and fees in the future.
Posted on June 10, 2010 at 12:40 am.
Sir na encounter nyo na po ba na hindi dumating yung pera mo sa bank account pero completed naman ang status sa paypal. Matagal na po aq gumagamit ng paypal pero ngayon q lng to na encounter.
Pa tulong naman po sir!
Posted on May 25, 2010 at 6:29 pm.
Na kuha q na pala yung pera q sa BPI. sa bank pala yung problema. na delay ng 1month…
Ty anyway!
Posted on May 27, 2010 at 6:57 am.
Glad to hear that you already received it.
Posted on June 11, 2010 at 12:32 am.
pwd b mag open ng eon card khit student lng pro my online business?
what if below 7k ang iwi2draw my transaction charge b yun?
Posted on August 5, 2010 at 3:52 pm.
Yes you can open.
If you withdraw below 7k pesos Paypal funds to your local bank account, Paypal will deduct 50 pesos fee.
Posted on August 7, 2010 at 3:49 am.