How Do I Withdraw from my Paypal Account to my Unionbank EON Cyberaccount?

Philippines
September 28, 2009 9:11pm CST
I a Paypal newbie and I need your help! What's the simplest way to transfer funds from Paypal to Unionbank? Also, I'm confused about the two options 'withrdaw to bank account' and 'withdraw to card' - what's the difference and which should I use? Thanks in advance everyone!
3 responses
patofgold23
@patofgold23 (5069)
• Philippines
29 Sep 09
Procedure for Withdrawing Payments from your Paypal Balance to your UnionBank bank account 1. Once the payment has reflected in your Paypal balance, you can transfer the funds to your UnionBank bank account by using the "Withdraw to Bank Account" feature. You will need your UnionBank account number (12 digits) and the UnionBank bank code (010419995). 2. The transfer to your UnionBank bank account will be completed within 2 to 4 banking days from the date of your withdrawal request. A status report of your withdrawal request is reflected in your Account Overview screen. There is a P50 charge for withdrawals P6,999 and below. Withdrawals P7,000 and above will not be charged a fee. 3. Your funds will be converted to the peso equivalent using the VISA Exchange rate for the day of the withdrawal request.
1 person likes this
Aoi Hana
@swirlz (3136)
• Philippines
4 Dec 09
Hey thanks for this information. I was also wondering about the withdrawal because I didn't know what the bank code is and I didn't know where to find it. It's a good thing I thought of finding the information here on mylot.
rivengodwind
@rivengodwind (369)
• Philippines
29 Sep 09
Wow, thanks a lot! But I'm kinda curious; what's the 'withdraw to card' option for?
1 person likes this
patofgold23
@patofgold23 (5069)
• Philippines
29 Sep 09
the card number is the one you see in the middle of the front card. that is considered credit card number and if you used that number to transfer your money from paypal to EON card you will be charge $5 each withdrawal. since EON is a debit card. it has two card number. the credit card number on the middle which can be used for verification and withdrawal also. and the bank account number below to be used as bank account number. it takes 3 banking days and not calendar days before i received the money on eon card. mostly i get the money exactly after 5 pm in the afternoon. so when i withdraw on tuesday morning, usually i will receive that about thursday past 5 pm. so past the banking hours i would receive it. it is really awesome. before it took 5 to 7 days. now it is just 3 banking days. sometimes even 2 banking days. make sure that you use the bank account number which on the bottom part of the front card. use that number as your bank account number and add that to your paypal. . it costs only 50 pesos for withdrawal fees in paypal if that is used!
jhenn22
@jhenn22 (1242)
• Philippines
29 Sep 09
withdraw from bank account i guess...Have you verified already your paypal to your EON card?...If yes better to choose "withdraw to bank account"....and it will take 2 - 4 banking days to transfer to your EON account.
Theamanda
@Theamanda (4)
• United States
29 Sep 09
Hi. What do you mean by EON? By the way, I'm kinda new here.
patofgold23
@patofgold23 (5069)
• Philippines
30 Sep 09
Hi again riveng!! just dropping by here to thank you for the pencil mark!!! happy mylotting..see more of you around!
PSmith721
@PSmith721 (286)
• United States
29 Sep 09
All you have to do is enter all of your banking information into paypal. Then, if you want, you can transfer your funds to your bank and it won't cost you a cent. It will take about 3 days for you to get your money. It also takes a little bit of time to get your account set up on paypal. They will have to check to make sure that it is Your account! Good luck! You will like it once you get up and going.