Planning to Open a Bank Account for My Online Earnings
By ARIES1973
@ARIES1973 (11426)
Legaspi, Philippines
October 3, 2012 10:01am CST
It’s been several months since I started this online activity. Although I must admit that during my first months, I really do not have any direction and most of the sites that I joined in are scam sites. I almost give up during those times. Until I read an article of a fellow Filipina informing the readers that we could actually earn on PTC. I started signing up for almost all the PTC that I came across with. Until I found one site which made me reconsider my plan of giving up. I started researching every time I found a new site. I invited several friends. Some joined and some do not. But I continue anyway. After several weeks, I found myLot. I learned more about online earning. Although my time is very limited, I still manage to devote some time with my online activities. Those limited times, was enough for me to earn a few amount.
I am planning to withdraw the amount using my bank account but until now I cannot do it. I also have several bank accounts but I want to have an account intended especially for my online earnings. I cannot also use the account I used to verify my account because it has no feature that could receive an amount from my Paypal.
Can you suggest a bank that would serve best for this purpose? Thank you my dear friends. Your inputs will be highly appreciated.
2 people like this
12 responses
@neildc (17239)
• Lapu-Lapu City, Philippines
4 Oct 12
i read about you having the ecard. so why should you need to open a new bank account when you can use that unionbank account you already have. i have 2 bank accounts connected or i am using for withdrawal from paypal. and one is my ecard unionbank account. my other account is with lbp.
1 person likes this
@ARIES1973 (11426)
• Legaspi, Philippines
5 Oct 12
Hi neil! I m not very certain if my Union Bank account will still continue because I was informed before that our ecard will now be transferred to LBP. Actually, I have signed some documents already for that purpose. Well, I am also thinking if I could just transfer the amount from my paypal to my LBP account. You know, my LBP account is intended for my salary. What do you think about this?
Thank you in advance. Have a nice day!
@ARIES1973 (11426)
• Legaspi, Philippines
11 Oct 12
Ah okay then. I'll follow your advise sir. I know you have been working online for such a long time so I know you are more knowledgeable than anybody I know. Thank you. so I will not anymore bother to open another account.
@jaiho2009 (39141)
• Philippines
3 Oct 12
Here in our country you can open an acct with Union bank.
Eon card is a debit card where paypal account can be verified and most paying sites are paying us through paypal.
So I suggest that you visit the nearest Union bank in your place and inquire regarding this Eon card for earning online.
1 person likes this
@ravisivan (14079)
• India
4 Oct 12
jaiho:
good you gave a very useful information for our friend. the name of the bank you have given will help him decide. supposing that bank is not there in his place, please suggest two other names, if you can.
1 person likes this
@ARIES1973 (11426)
• Legaspi, Philippines
4 Oct 12
@ jaiho: My account is already verified and I used my smart money for it. Besides we heard some information that our ecard will now be transferred to LBP so I have this feeling that there might be some problems regarding this bank. Although I am not clsing the idea of opening an account with this bank in the future. Thank you for sharing.
@primeaque86 (8108)
• Philippines
4 Oct 12
Hello my friend that is a very nice plan! Yeah, before I do not believe that I can really make money online, but that belief was gone when I started receiving money from my online activities. Right now I do not put my eggs into a basket only, so I have several online activities and programs to make money. One is my freelance job, so I earn bigger there but it's more difficult to do... at myLot I also earn some cents everyday and it's rewarding, I also earn at my blog some cents daily, and as my new hobby, earning at NeoBux is very rewarding too! Anyway all my earnings goes to my paypal account, it's already verified with my credit card, but usually I send my money to my aunts and I let her withdraw it, then she also will give it to me... because she is more familiar with withdrawing money from paypal because they rely online for their living with my uncle! Great idea, I am so glad for you!
1 person likes this
@ARIES1973 (11426)
• Legaspi, Philippines
5 Oct 12
Wow!So you were able to withdraw funds from paypal already? Congratulations prime! We just have to continue with what we have started and I'm sure that we will be able to gain more success on this field. Good luck to all of us and have a nice day!
@surekharathi (14146)
• India
4 Oct 12
I also making plan to open bank account in Nagpur city because in my town SBI has no swift code and moneybookers demanding this code. I am unable to withdraw the amount from a site because they paid only on moneybookers.
1 person likes this
@ARIES1973 (11426)
• Legaspi, Philippines
5 Oct 12
Hi sure! It seems that most of us are experiencing the same minor problems with our accounts. It only means that we are somewhat successful in our online activities. Hurray for us! Let us not worry much about the bank accounts because those are only minor things.
Have a nice day!
Let us not worry much about the bank accounts because those are only minor things.
Have a nice day! @ravisivan (14079)
• India
3 Oct 12
Aries 1973
Normally all banks accept credit from paypal. Perhaps you have account with some small bank in philipines.
Our mylot members in philipines will be able to give you the name of bank in which they have account and how they draw that money. there are are many active players form philipines - but now it is night time . probably you may get response from our philipines friend on 4th.
1 person likes this
@ARIES1973 (11426)
• Legaspi, Philippines
4 Oct 12
Hi rav! Yes that's true that there are many banks that can be used for paypal withdrawal. Thank you for sharing.
@ravisivan (14079)
• India
4 Oct 12
Aries
Jaiho has suggested the name of Union Bank. You can get more particulars from Philipine friends.
@watchamacallitz (1171)
• Philippines
4 Oct 12
Banco de Oror (BDO) is a good choice and so is BPI. But what I have now is BDO and Security Bank. With the latter, the maintaining balance is just 500php so it's really affordable. And there are lots of Security bank branches as well so it's very convenient to open an account with them.
1 person likes this
@ARIES1973 (11426)
• Legaspi, Philippines
5 Oct 12
Hi watch! We also have that bank in the city where I work perhaps I could also consider opening an account with that bank. And yes I remember I am depositing the amount for my smart money at BDO. It's just so sad that I cannot directly transfer my funds in paypal to my smart money. If this is possible then I would not have to open another account.
Thank you for sharing your opinion. Have a nice day!
@msmonkeyfeet (789)
• United States
3 Oct 12
I've actually considered doing the same thing, putting all of my online earnings into one savings account and keeping it there until I need to make a major purchase of some sort. You could always leave that money in your paypal account and use it to shop for things online on websites that accept paypal as a payment option, which many do these days.
Paypal also provides you with, upon request, a debit card that you can use like any other debit card to withdraw and use your funds that are in your paypal account. That way you don't have to transfer the funds at all.
1 person likes this
@ARIES1973 (11426)
• Legaspi, Philippines
4 Oct 12
Hi friend! Well, I want it to be transferred on a separate account because I really wanted to save for something that I want to buy. Thank you for sharing.
1 person likes this
@yanzalong (18988)
• Indonesia
4 Oct 12
To recieve or send money from paypal.com you don't need to have it verified. Your unverified paypal account allows you to recieve and send money. Check it out there. I know with verified account you can do more than just recieving and sending money.
1 person likes this
@ARIES1973 (11426)
• Legaspi, Philippines
4 Oct 12
Hi yanzalong! I have a verified paypal account. I use smart money for this. As of now, my plan is to have a separate account for my online earning so I can transfer it there from my paypal account. I want to have a separate account so that I can properly monitor everything.
Thank you for sharing and have a nice day!
@ReViewMeMedia (3785)
• United States
4 Oct 12
That's a good thing to do, that way if you wanted to save money using your online earnings, you would have your extra money and if you don't touch it, you'll have some nice extra money.
1 person likes this
@ARIES1973 (11426)
• Legaspi, Philippines
4 Oct 12
Hi RM! Yes that's true. I am planning to save the money I earned online for future use. Thank you for sharing!
@mikyung (2232)
• Philippines
3 Oct 12
Aside from having the EON from Union bank, I have 2 BPI accounts which I used as savings and other for long term savings account. It really works for me that way because they have this real time online fund transfer and other transactions.
The fruits of our labor should be place in safe place and be put inot a place that must be secured.
I believe that whatever type or form of account and whichever it is (bank) as long as we have the determination to save, we can manage our finances efficiently and effectively most especially our online earnings.
Thanks and good luck
1 person likes this
@ARIES1973 (11426)
• Legaspi, Philippines
4 Oct 12
Hi mikyung. I actually considering to have an account with BPI. I hope I could be able to do it today because I will be returning to my mother station already so I can already have time to process things in this regard. Thank you for the information.
@riyauro (6421)
• India
3 Oct 12
I think it is a great idea. I have one account to online earnings too. it is better since your other money is safe in case of any scam and all. I would not be able to suggest you any bank since i don't know which banks you have there. Other mylotters will definitely help you out here... Thanks for sharing and have a wonderful day ahead. 
1 person likes this
@ARIES1973 (11426)
• Legaspi, Philippines
4 Oct 12
Hi riyauro! That is also one reason why I want to have a bank intended for my online income. I hope I could take care of this thing as soon as possible. Thank you for sharing!
@mybranko (56)
• Croatia (Hrvatska)
3 Oct 12
I think that the money is safe at PayPal. Therefore it is so massive. Each credit card can receive money (PayPal takes its commission). That is what I do. All I do electronically over the Internet. Only when it comes to the bank, interest begins to run.
@ARIES1973 (11426)
• Legaspi, Philippines
4 Oct 12
I wanted to transfer the amount I have with my paypal to a bank account for safety reason mybranko. I want to put it in a savings account because I am saving it for future needs. Thank you for sharing!
