question about paypal
By setroc
@setroc (853)
Philippines
June 15, 2008 11:53am CST
to those who have an account and had already withdraw some money from it, how did you withdraw and what bank do you think is the best bank to use for paypal, i dont have a bank account, can you recommend a bank, and also please answer the how on withdrawing money from paypal, thank you
1 person likes this
6 responses
@banadux (630)
• United States
22 Jun 08
I use a bank that as far as I know is only in the south east of the united states called Wachovia. I haven't had any problems with withdrawing money from paypal into my Wachovia account. Inside paypal there should be a button at the top when you are logged in about withdrawing money. I really don't think it matters what bank you use. It's a pretty standard transfer of money to the bank. I'm sure any modern bank will work just as well.
1 person likes this
@setroc (853)
• Philippines
22 Jun 08
i think it matters here in the philippines, ive read some post here about debit cards or bank accounts getting rejected by paypal, unionbank is the only bank here i think that present itself to the public as paypal trusted, i think im going for that bank, i dont know why paypal is so tight when it comes to philippine users
@nareshreddy68 (628)
• India
22 Jun 08
It is better to open a bank account and link with the paypal that means opening a bank account is not that much problem than others and it will be your permanent account
@setroc (853)
• Philippines
22 Jun 08
i know i need a bank account how else can i withdraw money from it if i dont have one, i was asking what bank did they use when they got their paypal money, nevertheless my friend thanks for responding, i like getting comments from newbies i can extend a little help by rating them, but i always rate positive anyway those who respond to my post, its a show of appreciation
@allen0187 (58582)
• Philippines
17 Jun 08
Paypal payments can now be paid directly to the bank accounts of Philippine-based members. You just need to input your bank details and your bank's swift code.
Here is the list of swift codes for the differnet Philippine banks:
Bank Name 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 (BPI) 010040018
CHINA BANKING CORP 010100013
CHINA TRUST COMML BANK 010690015
CITIBANK N.A. 010070017
DEVT BANK OF THE PHILS (DBP) 010590018
DEUTSCHE BANK 010650013
EAST WEST BANK 010620014
EXPORT & INDUSTRY BANK 010860010
FUJI BANK 010640010
HSBC 010060014
INTL COMML BANK OF CHINA 010560019
INTL EXCHANGE BANK 010680012
JP MORGAN CHASE BANK 010720011
KOREA EXCHANGE BANK 010710018
INTL NEDERLAND BANK 010660016
LANDBANK OF THE PHILS 010350025
MAYBANK OF THE PHILS 010220016
METROBANK 010269996
PBC 010110016
PHIL TRUST COMPANY 010090039
PHIL NATIONAL BANK (PNB) 010080010
PRUDENTIAL BANK 010150018
PHIL VETERANS BANK 010330016
RIZAL COMML BANKING CORP 010280014
SECURITY BANK & TRUST CO 010140015
STANDARD CHARTERED BANK 010050011
UCPB 010299995
UNION BANK 010419995
UNITED OVERSEAS BANK 010270189
If you're withdrawing P6,999 and below, there is a corresponding fee being charged by PayPal. No fees will be charged for withdrawals of P7,000. However, the local banks do charge for any withdrawal so take account of that. Hope this helps. Anyway, more information about this is available at Paypal.
@ayessa (1583)
• Philippines
20 Jun 08
HI! I just want to ask if its fine to use atm card without a mastercard or visa logo? Im also from the Philippines and I don't know if my BDO ATM will be accpeted. I was planning to withdraw my money on paypal this month-end. Hope you can help me with some info. Anyway my aacount in paypal is already verified. ANother thing can just a saving account in passbook can be use in paypal. Thanks!
@setroc (853)
• Philippines
17 Jun 08
thanks for this info i was planning on going out of town to the nearest city just so i could have a unionbank account since we dont have a branch here in my town, i hope you are absolutely sure that any bank will do, coz unionbank sounds like paypal trusted or something, i wish you could have mention it here if you already withdraw some money on paypal or not, if you visit again to my post please add that to your comment, thanks, if you gotten paypal payments withdrawn to your bank and its not union bank then that would realy convince me to use just any bank here in my town
@Bebs08 (10681)
• United States
15 Jun 08
Well, it depends maybe upon what country you belong. Heer in the US, I think it doesn't matter what kind of bank you have. I have no problem with mine. I just hit the request money transfer online button in my account online in paypal.. and they will transfer the money to my bank account in 3 business days.
@Mythel (157)
• Philippines
17 Jun 08
I am also from philippines, I chose moneybookers rather than paypal because I do not have debit card yet.If I have already debit card that is applicable for paypal I will change it as soon as possible. You have already 343 post? have you already reach your minimum payment?