paypal bank transfer to the philippines?

i have Union Bank Eon card. I opened that account to link it with paypal so i can transfer my money. but i no longer do that. for it cost 5 dollars to transfer it to union bank. 5 dollars is a lot to me already. if i get 10 dollars here and to transfer it is 5 dollars then i only get half of my earnings. so from then on i just save it at my paypal account and use it to buy things i like on ebay.

well me I already tried it, and it was successful,, Im using EON card of Unionbank,, because its safe and very useful,, on my paypal I have 700pesos yah it is small amount but because I would like ti try if it will really transfer my money to my account so I withdraw it using my bank account on EON,, and in just two days the 650 php was already transferred to my account,, 650 because 7000php above is free while 7k below will charge only 50 pesos,, so as long as you have you money on paypal you will defintely withdraw it as long as you have your bank account,, I recommend EON from Unionbank,.. because its a two in one, a Debit card and account in one,, ^_^

As far as I know there is discussion like this 2 years ago. Anyway, you can actually transfer your paypal cash directly to your bank account you will just have to put the code of your bank. I already forgot If it actually charge something but expect it since they have to put it in your account.

well if you are using unionbank, you can call there hotline which is listed in your card.

Yes I am actually doing it routinely now, withdrawing to my BDO bank account. I usually receive it after 5 working days. Very convenient. The only downside is that the dollar to pesos exchange is very low. The last time, Paypal pegged the rate: $1 = 40.+ pesos only when in the black market its 43 pesos. The bank code is only used internally by Paypal, so dont be surprised if your bank doesnt even know about Paypal bank codes. Banks also dont have special agreements with Paypal.

I love this discussion because it is very informative. I dont have anything yet in my paypal since I am still starting out and I do hope to be able to withdraw my hard earned money soon :)

I also have not transferred any money earned online to my bank account. I intend to just use my paypal balance to pay for online purchases of goods or services. Maybe when I have an amount in my paypal that will be equivalent to 7,000 pesos then I can withdraw. I heard that banks do not charge for withdrawals that are 7,000 pesos or more. Withdrawal transactions that are less than 7,000 are charged a fee between 50 to 250 pesos. Try this link for a list of Philippine bank codes: http://www.pinoymoneytalk.com/bank-code-philippines-withdraw-paypal/

You forgot to mention if you have a Union Bank EON Account. assuming you have...then you enroll your account with Pay pal, Its called "Link My Credit Card" once you have opened your PayPal account all instructions are explained there clearly, If i could remember it right there is a paypal charge of $10 for transferring, however you can have you money in palpay for extended period and it will stay safe there.

This is very informative, I have learned something new. i have not reached the desired amount enough for a paypal transfer but at least I know now a thing or two about paypal. Thank you

I still haven't tried it because I only have $30 on my paypal account. I'm thinking of waiting to increase the balance before I open an account in Unionbank. I wish I could use it to pay for my credit cards, maybe in the future they could do that.

I have already withdrawn money from my Paypal account to my BPI bank account. You just need to know your bank code when you link your Philippine bank account to Paypal. For a list of bank codes, I used the information provided by one of the online money makers in the Philippines. Here's a link to his site which lists the bank codes: http://www.macuha.com/2008/01/money-talk/official-list-of-philippines-bank-codes-for-paypal/ You can cross-reference that to other sites that also provide the same info to check if the bank codes are still updated just to make sure. But I'm certain that the bank code for BPI is correct though since the one listed on that site is what I used for my BPI account.