How to Withdraw Paypal Funds to Philippine Bank Accounts | Paypal Codes for Philippine Banks
By edelweiz on 17th February, 2009
There is always a first time to everything. Just this morning, I was able to withdraw funds from my Paypal account to my local bank account for the first time. Finally. If you haven’t tried it yet,you might want to know the steps on how to withdraw Paypal funds to Philippine bank accounts after the jump…
1. Log in to your Paypal account.
2. Go to Profile. You may also click the “edit profile” tab beside your name to access your profile.
3. Click “Bank Accounts” from among the entities under Financial Information.
4. Click “Add bank account.”
5. Supply the information required (e.g. name of bank, account name,bank code,etc.) Get the list of bank codes provided by Paypal for each accredited Philippine bank HERE.
6. Once your bank account has been added, you can now withdraw funds from your Paypal account using it.
1. Log in to your Paypal account.
2. Go to Profile. You may also click the “edit profile” tab beside your name to access your profile.
3. Click “Bank Accounts” from among the entities under Financial Information.
4. Click “Add bank account.”
5. Supply the information required (e.g. name of bank, account name,bank code,etc.) Get the list of bank codes provided by Paypal for each accredited Philippine bank HERE.
6. Once your bank account has been added, you can now withdraw funds from your Paypal account using it.
Normally, the withdrawal process takes five to seven business days, depending on the holiday schedule of your local bank. There is also a P50 fee for transactions below P7,000, otherwise none.
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this is a great info. I have small amount in my paypal account but don’t know how to encash it.
great!
Hi Edelweiza,
Is it possible to withdraw from your paypal account even though you have not an approved credit card linked to paypal? I already have a balance of $ 60.00 in my paypal account but I can’t get it because I still do not have a valid credit card account with them linked to paypal. What are the options to get my money if I don’t have a credit card. Thanks for the info. God bless you always.
@cyra miles valdez: glad you find my post helpful.
@mel alarilla: no, it’s not possible. that’s why its important to get your paypal account verified ASAP. but if you haven’t done it yet, this post i found online may help you, the blogger used his paypal to load his smart money card through http://www.pldtonline.com.
wise move and pretty easy, right?
great info, like in my country, now paypal can be witdraw to local bank
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need support Kampanye Damai Pemilu Indonesia 2009
Glad to know that! Thanks Edel! Now I can send money thru paypal in the phil.
@jetty: sure. yep, transferring/getting money from paypal will be easier for us now.
thank you for this post. I can use this on my future transactions. hehe
hello, just wanted to ask how the withdrawal process goes…will the amount requested be reflected in my bank account immediately or do we go to the bank for an over-the-counter withdrawal?
thanks for this post!
@robrak: glad to be of help to my fellow bloggers.
@felice: after following the steps i provided, paypal will deposit your money directly to your bank account. it takes 5-7 days.