At last, withdrawing funds from Philippine based paypal accounts is now much easier. Getting your paypal money is not just limited to getting it through your credit card or debit card. Paypal has finally made withdrawing funds to Philippine bank account, yes not just US bank accounts, available.
Philippine banks / bank accounts that can receive paypal money:
No list provided by Paypal All local banks can receive paypal funds but your bank account should be in Peso Account not dollar account. You may also refer to this table of bank codes from pinoymoneytalk. The bank code is required when you register your bank account. This table currently includes bank codes of Metrobank, Bank of the Philippine Islands (BPI) / BPI Family Savings Bank, Citibank / Citibank Savings, Citibank / Citibank Savings and Chinabank. If yours is a BDO (banco de oro), check this post for details.
Here is the list of Philippine Bank Codes released by Paypal:
| BANK NAME | 9 digit bank code |
| ALLIED BANKING CORP | 010320013 |
| AUSTRALIA NEW ZEALAND | 010700015 |
| ASIA UNITED BANK | 011020011 |
| BANGKO SENTRAL NG PILIPINAS | 010030015 |
| BANGKOK BANK | 010670019 |
| BANK OF AMERICA | 010120019 |
| BANK OF CHINA | 011140014 |
| BANK OF TOKYO | 010460012 |
| BANCO DE ORO (& EPCIB) | 010530667 |
| BANK OF COMMERCE | 010440016 |
| BANK OF THE PHIL ISLANDS | 010040018 |
| CHINA BANKING CORP | 010100013 |
| CHINA TRUST COMML BANK | 010690015 |
| CITIBANK N.A. | 010070017 |
| DEVT BANK OF THE PHILS | 010590018 |
| DEUTSCHE BANK | 010650013 |
| EAST WEST BANK | 010620014 |
| EXPORT & INDUSTRY BANK | 010860010 |
| FUJI BANK | 010640010 |
| HONGKONG AND SHANGHAI BANK | 010060014 |
| INTL COMML BANK OF CHINA | 010560019 |
| INTL EXCHANGE BANK | 010680012 |
| JP MORGAN CHASE BANK | 010720011 |
| KOREA EXCHANGE BANK | 010710018 |
| INTL NEDERLAND BANK | 010660016 |
| LAND BANK OF THE PHILS | 010350025 |
| MAYBANK OF THE PHILS | 010220016 |
| METROPOLITAN BANK & TRUST CO | 010269996 |
| PHIL BANK OF COMMUNICATION | 010110016 |
| PHIL TRUST COMPANY | 010090039 |
| PHIL NATIONAL BANK | 010080010 |
| PRUDENTIAL BANK | 010150018 |
| PHIL VETERANS BANK | 010330016 |
| RIZAL COMML BANKING CORP | 010280014 |
| SECURITY BANK & TRUST CO | 010140015 |
| STANDARD CHARTERED BANK | 010050011 |
| UNITED COCONUT PLANTERS BANK | 010299995 |
| UNION BANK OF THE PHILS | 010419995 |
| UNITED OVERSEAS BANK | 010270189 |
How to Get Your Bank code
If your bank is not listed here, inquire from your bank's customer service or personally visit your bank for inquiry.
Processing remains at 5-7 days after you submit your withdrawal request.
Refer to the chart below:
Day/Time Requested_test | Day/Time Available (Days are one full week after the request is made) | ||||
Mon by 17:00 PHT | Tues by 17:00 PHT | Wed by 17:00 PHT | Thurs by 17:00 PHT | Fri by 17:00 PHT | |
Wed by 17:00 PHT |
|
|
|
| x |
Thurs by 17:00 PHT | x |
|
|
|
|
Fri by 17:00 PHT |
| x |
|
|
|
Weekends - Sunday |
| x |
|
|
|
Mon by 17:00 PHT |
|
| x |
|
|
Tues by 17:00 PHT |
|
|
| x |
|
Note that the availability of funds can be affected by bank policies and holidays
Fees
7,000.00 PHP or more: Free
for 6,999.99 PHP or less: 50.00 PHP
21 comments:
I found your site on technorati and read a few of your other posts. Keep up the good work. I just added your RSS feed to my Google News Reader. Looking forward to reading more from you.
Aaron Wakling
Hi, just want to inform you that we have now updated our article to reflect the latest and OFFICIAL list of PayPal Philippines bank codes:
http://www.pinoymoneytalk.com/2008/01/27/bank-code-philippines-withdraw-paypal/
Good day!
Thank you for the update James :-) Maaasahan talaga ang site mo pag dating sa money matters. More power!
The code that i got from my branch worked!
http://alfredo.palconit.com/archives/paypal-withdraw-banks-in-philippines.html
That is great, thanks for the info Alfredo.I checked out your post and it is good to learn you have successfully made a fund transfer to your bdo account in only 4 days. We might be withdrawing via our bdo account too because eon and paypal seems to have problems.
http://cantalktech.com/2008/01/31/pending-paypal-withdraw-transaction/
How about withdrawing directly to your Eon account.. :)
Just a heads up. click here >>>> Successful Withdrawal From PayPal To Philippine Bank Accounts
It's fast and no charge or deductions.
Hi Charles,
yes this may be possible but the problematic withdraw transactions actually took place before paypal announced that withdrawing via bank accounts has been made possible.
hi rhodilee. .. i also have problem with my paypal withdrawal last January 24, 2008. Pending pa rin up to now.. I will choose the withdraw to bank option in my next withdrawal but will have to confirm if I can use my Eon Card Account Number in adding my bank at paypal. Faster and yung fee is mababa compared pag withdraw to card ang gagamitin na option.
Hi Lady,
I think Charles (please see comments above) has used his eon account for bank withdrawal just check out the link. I suggest you wait before your first withdrawal is completed before you make another withdraw transaction kasi yung second withdrawal namin via bdo is pending pa rin (two withdraw transactions na ang pending sa amin)
update: our second withdrawal transaction via bdo is already marked completed. 1st withdrawal remains pending.
thanks rhodilee.yung withdrawal ko last feb 4 completed na yesterday. wait na lng ako for the funds to reflect in my eon account. but yung to debit card withdrawal last jan 24, pending pa rin..
It is great completed ang second withdrawal mo lovely. I will make an update after funds are available sa bdo namin.
pde ba mag withdraw to a BDO Cash Card? Jan 31 ako nagtry mag withdraw pero until now wala parin sa bdo cash account ko ang pera. Prang indi ata pde.
Hi Rome,
I got this from pinoymoneytalks article how to withdraw paypal in the Philippines:
Withdrawing money via Debit cards without a Visa or Mastercard logo (e.g., BPI ExpressCash, BDO CashCard, Citibank CitiCard) is not possible but you may verify with bdo in case there are developments.
Some blog I visited told me that the BPI and BPI Savings Bank numbers are different....
BANK OF THE PHIL ISLANDS
010040018
BPI FAMILY SAVINGS BANK
021000021
And he was using BPI Savings, it bounced off initially on the BPI code but the other one went in successfully for BPI Savings Bank. BPI customer service is clueless about this! geeze!
Kumagcow,
Yes, some bank people do not even know what a paypal is. So sad , sana i seminar sila jan hehehe
[...] withdraw transaction problem is partly caused by the new services offered by paypal. Just recently, withdrawing Paypal funds to Philippine Banks has become available. I also noticed that paypal seems to be having frequent site maintenance [...]
Is there any problems if I use my account(with bankbook and ATM) in Banko de Oro?
Is RCBC code same with RCBC SAVINGS?
Hi! I have already linked my security bank account to paypal but never tried to withdraw. Will the dollars be automatically converted to pesos? Please let me know. thank you.
-Sarah
I just want to know if any landbank branches can withdraw paypal funds this is my first time to try this.My fiancee And I was going to sell online we are having hard time to find ways on how to do this.Hope you can explain us further.
Thank you very much.
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