11:06 PM
Paypal to Philippine Bank Withdrawal Service
stormbreaker
I’m very happy that Paypal now allows it members from the Philippines to withdraw money from their Paypal account and transfer it directly to their local bank accounts. I’m currently using their debit/credit card option as the withdrawal procedure and though I did not have any problem with the said arrangement, I still prefer that my money goes directly to my other bank accounts (where I don’t have a credit card).
When you login to your Paypal account and access the Withdrawal page, you’ll see that one of the options in “Withdraw funds to your bank account” is for Banks in the Philippines.
You just need to ask for your bank’s SWIFT CODE since Paypal will ask for it.
This will save me a lot of money since withdrawals are free if the withdrawn amount is more than P7,000 whereas my current withdrawal option charges me $5 for every transaction
When you login to your Paypal account and access the Withdrawal page, you’ll see that one of the options in “Withdraw funds to your bank account” is for Banks in the Philippines.
You just need to ask for your bank’s SWIFT CODE since Paypal will ask for it.
This will save me a lot of money since withdrawals are free if the withdrawn amount is more than P7,000 whereas my current withdrawal option charges me $5 for every transaction