Until now, I’m not sure what that Php200 charges most banks deduct from Paypal withdrawals. That’s on top of the Php50 for withdrawals less than Php7,000. And we all thought any amount beyond that would be free of charge.
I relayed this observation to a contact from Paypal in Singapore and was asked to get a list of the banks that makes the additional charges.
Based on my previous entry on Paypal/Bank Exchange Rates, the initial list of banks are as follows:
Banks that charge withdrawal fees:
- Bank of the Philippine Islands (BPI)
- China Bank
- Metro Bank (MB)
- Banco de Oro (BDO)
Banks that do not charge withdrawal fees:
- Union Bank
If your bank or you know of a bank that makes additional charges, please let me know in the comments. I will then forward this to Paypal for further investigation or clarification.
I’m not actually sure what this Php200 charges are for — it could be some sort of a clearance fee, a transmittal fee or wire fee.
Pwidi ba mag transfer ng pera sa paypal to Landbank?
paypal really gives me pain in my neck
Meron akong UnionBank or the Eon but tagal nang process nila ngayon?
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+.
how can i apply to bpi or what bpi services to apply para magamit ko ung card ko for paypal? thanks in advance
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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?
How many days po bago malipat ung pera sa eastwest from paypal? thanks
May I ask how many days does it takes before funds from your PayPal Account reflects to your Security Bank Account? Thank you!
Text me if you can.
0919-2429414
OT: pano po pag completed na ung process ng pag withdraw sa paypal account pero sa bdo account wala pa rin ung pera? how many days will it take?
had this experience too BDO charged P200 i dont know for what it is for..
Same here. According to forums it’s their wire transfer fee. I was also charged 200, which surprised me, coz I thought withdrawing more than 7000 is free of charge. :(
I have always withdrawn payment from paypal to Unionbank (EON) an I’m charged Php210 max by paypal. For receiving payments in Unionbank, I don’t notice any fee deducted. Just paypal fees.
I am using EON card, actually EON gets 350 every year for using their card. Maybe from paypal to EON they are approximate charge (I can’t remember the amout), But I am really sure that EON deduct 350 every year for using it.
I am using EON card, actually EON gets 350 every year for using their card. Maybe from paypal to EON they are approximate charge (I can’t remember the amount), But I am really sure that EON deduct 350 every year for using it. I am now looking for other banks that don’t charges a lot and planning to use Metrobank, but unfortunately after searching online I found out that Metrobank charges 200 something, I don’t know If I will continue using EON or try other bank.
Yes Smple Union Bank is charging P350 yearly I think that’s their EON account maintenance. EON account has no maintaining balance required that’s why. But when it comes to withdrawing money from Paypal account to your EON account their charge is P50 only. though I’m not sure if this fee is for Paypal or Union Bank.
Also, this P50 fee is being charged only if you withdraw below P7,000 from your paypal account. So, if you get over P7000 no charges will be deducted from you.
how can i apply for paypal?they said it is in the computer.
HI i been lookign to all bank here in pampanga looking what a bank is linkto paypal bcoz i have paypal and i dont have bank so i cant widraw money is send to my friend then she send it to me she less me 5$ to 1 to 100$ then 10$ for 200 or more and she i pay for her to transfer the money to me bcoz she is in laguna so i got charge double so i want to open account in a bank what is link in paypal. i was in union bank and asking me to go onlien to resgiter there to EON but they are required a employed or student im not student and im not employed. so what do i do now? please help me.
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?