I was never an expert at internet-based money transfers/
transactions but I know with PayPal I can safely transact online pretty easily.
But until today, I didn’t know I could actually withdraw my PayPal fund to my
bank… Thanks to PayPal’s (rather heart-pounding) automated mails, I was
compelled to peruse over their message until I found myself on the page where a
few sentences highlighted in yellow told me I need to add my bank account in
order to withdraw funds. OK. So I can do it. Wow. I thought.

So, if you are planning to open a savings account I would
suggest have one that is able to link with Paypal, that is to say not BPI or Banco De Oro debit Mastercards. Metrobank is good as well as UNION BANK especially for those who don’t own any credit cards. I was made to believe PSBank
can actually be used for PAYPAL but no, it couldn’t be.

Photo Credit to UNION BANK

Before I give the list of bank codes (of PayPal
accredited banks) that I got from Business
Diary-PH, I want to share how to withdraw PayPal funds to your local bank.

It is easy. 

STEP 1: You have log in to PayPal, click the tabs My
Account > Profile > Add/Edit Bank Account then input your bank
information. NOTE: Make sure you input correct information. There is a PHP250
fee if you mismatch your name or any info with your bank account. As for the
bank codes, you may find them below.

If it is your first time to withdraw, you need to verify
your bank info, just like how you verified your PayPal account when you signed
up—(1) Check from your bank statement how much Paypal has deposited (2) Input
the details to the verification box.

How to Withdraw funds into your local bank

STEP 2: Click My Account > Withdraw > Withdraw
funds to your bank account option. Input the amount you wish to withdraw,
choose your local bank and dispense your money from an ATM!

Here is the complete list of BANK CODES of PayPal Accredited Banks in the Philippines

Hope this post helps! Thank you for reading!