Preferred Bank to get money from Paypal
By champoy186
@champoy186 (1638)
Philippines
November 14, 2011 7:41am CST
Hey, I have an account in Paypal and I want to open a bank account to get my money there. I'm quite confused what bank is the most preferred. Could anyone help me here? Thank you!
10 responses
@kaeirole (668)
• Philippines
14 Nov 11
i'm using eon unionbank..that's what most filipinos use together with their paypal accounts for long term usage..although the eon has annual fee plus the fees paypal and unionbank charge you when you make transaction..it is still cheaper than using other banks..
@champoy186 (1638)
• Philippines
14 Nov 11
Do you know any other banks that accept Paypal? How much do they charge you? Is there cheaper than that?
@champoy186 (1638)
• Philippines
14 Nov 11
So I have to earn a lot of money before I will get my money from Paypal. I want to avail the free of charge. LOL. 50 pesos is quite big for me. I have to work harder now.
@se7enthbird (8307)
• Philippines
14 Nov 11
welcome ot the wonderful world of mylot champoy. i have a Union Bank Eon card to go with my paypal. but i no longer transfer what i earn. i just keep it at my paypal and just used it to buy on ebay or some online transactions if i needed one. i am a member of mylot for almost 4 years and i just let my earning sit on paypal. well because mylot is the only online earning site i am a member, if you are a member of a lot of online earning site then you really need to have an EON card and Union bank is the most popular bank that most of the Filipino members use. goodluck and enjoy mylot.
@se7enthbird (8307)
• Philippines
14 Nov 11
i havent heard of western union bank yet... but Union Bank is different from Western union bank. but then again i am not sure if there is a western union bank. having a paypal account id free. so you can have an account anytime you want. as of now as i wole up i got my mylot earnings already and it is sitting at my paypal account. i no longer transfer it on Union bank to get it as peso. i just let it sit there and i will but something on ebay in case i needed something. goodluck for you, hope you enjoy mylot like most of us do.
@bewitchingmelody (366)
• Philippines
14 Nov 11
Wait, is Union Bank and Western Union Bank the same? I am really confused. I haven't made a Paypal account yet but I'm planning to. Is having a Paypal account free? I'm sorry. I'm a newbie here. ^_^
@brew2x (3094)
• Philippines
14 Nov 11
I know Banco De Oro accepts Paypal. If you will ask them they might say that it is not possible but some people were able to transfer they Paypal money to their BDO peso savings account. I am yet to try this, I'm still updating my surname in Paypal since I've got married to match my bank account's name. I previously used Unionbank EON card. I've forgotten my password in my debit card that is why I will try another way. Debit card also have expiration date and must be renewed after certain years.
@champoy186 (1638)
• Philippines
14 Nov 11
I have accounts in One Network Bank and BDO. I have no idea that BDO accepts Paypal. Most of you here choose Unionbank. I guess I have an idea now which is bank should I go to.
@shingshing (119)
• Philippines
16 Nov 11
I think, Eon Card of Union Bank is by far the best. When I search online for banks to get linked to PayPal, some of them preferred Eon card. I also inquire other banks like Metro Bank and BPI but they do not know about PayPal. Well, maybe that depends on the branch. But when I inquire Union Bank about it, they knew about it right away.
@champoy186 (1638)
• Philippines
16 Nov 11
Thank you for your advice. I should open an account on Union Bank. Since it is the most preferred bank by everybody. This helps me a lot.
@enelym001 (8322)
• Philippines
14 Nov 11
I have a paypal account but has not opened an account for it yet. My brother suggested me not to use my existing bank account and told me to open one on Union Bank. This is also what he has been using for a long time.
@enelym001 (8322)
• Philippines
14 Nov 11
He only said it is better to be careful with these things and separate it from my personal savings account. Anyway my other account is not with Union bank.
@champoy186 (1638)
• Philippines
14 Nov 11
Really? I never knew PNB accepts Paypal account. Do you think its better than Unionbank? I hope that they will charge you cheaper than Unionbank.
@goggles213 (735)
• Philippines
14 Nov 11
I have to agree that an EON card is the best card to use for paypal. The 350 annual fee, I can make that in one payout through paypal in GPT websites so its already paid for. It is also convenient to use an EON card because there's no maintaining balance and it is easy to use.
@tamirs (1807)
• Philippines
14 Nov 11
I don't have an account with paypal yet but all my cards and accounts are with unionbank.Been with them since forever and i have not encountered any problems.
My friend has a paypal account and she opened a debit card to union bank eon card, she says it better than all the other bank she knows.And since i have an eon card she says i don't have to enroll another,i can use that with my paypal.
@ehleonkyrietales (452)
• Philippines
14 Nov 11
The bank there will be used to link your accounts. Meaning you can forward/send money from paypal to your bank to claim your earnings from online jobs and vice versa. Preferred bank? I think as long as it is supported by paypal it's good to go.
@bewitchingmelody (366)
• Philippines
14 Nov 11
Hey! I also need help with this. What is the best bank in the Philippines that could entertain PayPal transactions? I am actually new. Can somebody enlighten me?
