How to Withdraw PayPal Fund to Your Local Bank

0
Share

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

Bank Name

Bank Code

ALLIED BANKING CORP

010320013

ASIA UNITED BANK

011020011

BANGKO SENTRAL NG PILIPINAS

010030015

BANCO DE ORO (& EPCIB)

010530667

BANK OF COMMERCE

010440016

BANK OF THE PHIL ISLANDS (BPI)

010040018

CHINA BANKING CORP

010100013

CHINA TRUST COMML BANK

010690015

CITIBANK N.A.

010070017

DEVT BANK OF THE PHILS

010590018

EAST WEST BANK

010620014

EXPORT & INDUSTRY BANK

010860010

LANDBANK OF THE PHILS

010350025

MAYBANK OF THE PHILS

010220016

METROBANK

010269996

PHIL BANK OF COMMUNICATION

010110016

PHIL TRUST COMPANY

010090039

PHIL NATIONAL BANK (PNB)

010080010

PRUDENTIAL BANK

010150018

PHIL VETERANS BANK

010330016

SECURITY BANK & TRUST CO

010140015

STANDARD CHARTERED BANK

010050011

UNITED COCONUT PLANTERS BANK

010299995

UNION BANK OF THE PHILS

010419995

UNITED OVERSEAS BANK

010270189

Hope this post helps! Thank you for reading!

Related Posts
Leave a Reply

Your email address will not be published. Required fields are marked *