List of Banks with Paypal Withdrawal Fees

Nakita kita sa Mornings @ ANC

err Just re-read the whole thing.. it was referring to payments.. My bad.

I use Union and it works really, I love all there services.

Some banks charge fees for electronic fund transfers.

Before I withdrew my Paypal funds to my BPI Savings Account, I called up BPI and asked how much it would cost to transfer funds from Paypal to my account. They said that they didn’t really know how Paypal works (or something to that effect. I realized that local banks don’t really know much about Paypal). So instead, I just asked how much would electronic fund transfers from the States cost me. They told me it would be around P150 – P200. Sure enough, when I received my cash in my savings account, there was a deduction of that amount. I withdrew more than 7K, by the way.

It confirmed what I read earlier from the net which is that BPI has a transfer fee of P150-P200. I came across a list of the fees per bank, but I forgot to save it *is now hitting herself over the head*

This is a cool article!It’s worth trying though
there is no nearby Unionbank where I reside.

It was then a good thing I decided to get an EON Account. Thanks for posting this up! :)

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UnionBank is the best in terms of technology and they dont charge as much as other banks!

UNION BANK EON Acct

FEES and Charges
es and Charges

Balance Requirement
Initial Deposit NONE
Maintaining Balance Requirement (MBR) NONE
Minimum ADB to Earn Interest PHP 10,000
Interest Rate 0.500% (for accounts with balances of Php 10,000.00 and above)
Visa Electron Annual Fee PHP 350.00
Inactivity Charges
No Transaction Penalty (no transaction for 1 year) PHP 200.00 per month starting on the end of 12th month of inactivity until the account becomes dormant
Dormancy Charge (no transaction for 2 years) PHP 500.00 per month starting on the end of 24th month of inactivity
Closure Within 30 days NONE
ATM Withdrawals
UBP ATM PHP 10.00 (after the 3rd withdrawal)
Non-UBP ATM within the Philippines PHP 12.00
International VISA Plus ATM
Balance Inquiry PHP 75.00
Withdrawal PHP 175.00
Withdrawal declined due to insufficient funds PHP 75.00
OTC Withdrawal Convenience Fee PHP 100.00
Fund Transfer (OUTWARD)
Send Electronic Funds Transfer to another E-ON Account NONE
Send Electronic Funds Transfer to another UnionBank Account NONE
Send Electronic Funds Transfer to other Banks PHP 10.00
Fund Transfer (INWARD)
Receive Electronic Funds Transfer from another E-ON Account NONE
Receive Electronic Funds Transfer from another UnionBank Account NONE
Receive Electronic Funds Transfer from another Bank NONE
ATM Card Replacement PHP 150.00
Transaction Diary PHP 200.00
NOTES:

*** Some local banks may charge a fee on the EFT transactions sent by our E-ON account holders. These banks charge a Receiving Fee from the amount that is to be credited to the account. This is an addition to the PHP10.00 that will be charged to the client.

*** For Incoming Remittances with incorrect account numbers and/or account names, a Repair Fee of PHP100.00 may be charged.

I linked my EON card to Pay Pal. How long would it take for Pay Pal to send my card statement for me to confirm and verify my account? In the meantime, can I receive money already?

i have been using paypal for almost a year now. i registered my Union Bank EON debit card as well as my Allied Bank savings account to my paypal.

Allied bank deducts Php 200 on top of the Php 50 deduction (if the amount to be withdrawn is less than Php 7,000). i don’t know why they deduct Php 200 per transaction but i never bothered asking my bank.lol

my paypal account was once frozen because paypal suspected it might have been compromised. to unfreeze it, they requested that i prove my identity, which i did by taking a picture of my SmartBro account statement, then i uploaded it to their website. within 24 hours, i gained full access to my paypal account.

i’ve never tried withdrawing my paypal funds directly to my EON card.

UnionBank really is the best for anyone who withdraws money from their PayPal account regularly. This is the only bank I know of that doesn’t charge a P150-P200 fee when you transfer money to your savings account from your PayPal account. I have never had any problems whatsoever with my UnionBank EON account.

will paypal accept application of eastwestbank personal banking-cash access here in the Philippines

new to this forum how can i read my replies…thanks in advance for the information

I’m wondering if where do i get this 9digit bank code asked in paypal? And do sterling bank of asia allows paypal withdrawal? how much is their charge? A bag thanks : )

I withdrew a lot from my paypal account, and I’ve observed that they charge it to a lower rate. But anyway still good because they send money to my local banks..
I have list some complete bank codes for your references. http://www.ctrzone.com/windows-security-reviews/21-ph-bank-transfer/23-ph-paypalcode.html

I need to ask whether it is really possible to withdraw paypal balances to a BDO account. A BDO customer service representative told me that she hasn’t seen a single successful withdrawal transaction from paypal. In fact, BDO is not tied up with paypal and does not recommend its use, according to her. Paypal asks for a 9-digit bank code which BDO doesn’t have. BDO only has a SWIFT Code and a routing number. Please enlighten me on this.

Tnx for the info guys… God Bless!

hello! who among here have tried withdrawing their paypal money to ALLIED BANK? may i know how long does it take for the money to appear in your bank account? it’s been 5 days since i transferred my paypal money to my ALLIED BANK savings account but the money isn’t there until now. does anybody know how much time it’ll take before i could withdraw my money? THANK YOU!

I just called somebody from metrobank to ask about their charges cos I didn’t notice they took 136.70 everytime I do the transfer from paypal..

I’ll be off to a Union Bank later… definitely close my Metrobank account one of these days…

how can we widraw the cash from paypal if we dnt have a credit card.. payal is really crazy

I tried withdrawing to my Allied Bank ABC (Allied Bank Cash) Card before and there was indeed a charge of more/less 200 pesos. Now I am wondering if I will do that again. I am afraid that if I withdraw a bigger amount, they might also charge higher?

how can i apply for paypal?they said it is in the computer.

had this experience too BDO charged P200 i dont know for what it is for..

Updates guys and gals,

I am using Security Bank and it deducts 200 pesos.
I used eastwest bank and Unionbank and they do not deducts, are there other banks that does the same thing?

To smple:

The Php350 charge of Unionbank is the charge for using their EON Debit Card. That’s a fixed fee per year. I already opened a savings account in BPI and integrated that to my PayPal account. That’s already what I use when I withdraw PayPal funds. PayPal shows the amount (more than Php7k has no fee) and after withdrawing to my BPI account, I noticed that the deduction is around Php100+.

paypal really gives me pain in my neck