Withdraw Your PayPal Funds To Your Philippine Bank Account

While I was scanning my email, I read a post from the author of Pinoy Money Talk that PayPal Philippine accounts can now withdraw their funds directly to their Philippine bank accounts. Finally, after a long wait, Pinoy bloggers can now take advantage of this. I heard from comments of the Pinoy Money Talk post that it is much cheaper than sending your PayPal funds to your Eon card.

You can send for a minimum of $10. You would be charged PHP 50.00 for 6,999.99 or less. For PHP 7,000 or more, it would be free of charge. Isn’t that great?

In adding your Philippine bank account, you need to know first your respective bank’s code. Here is the list of bank codes courtesy of Pinoy Money Talk:

Metrobank (MB) - 026002846
Bank of the Philippine Islands (BPI) / BPI Family Savings Bank (BFSB) - 021000021
Citibank / Citibank Savings - 021000089
Development Bank of the Philippines (DBP) - 021000018
Chinabank - 020100113

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