charges or fees when withdrawing funds from PayPal

Philippine Bill - The image is a one hundred Philippine Peso bill.
@fayeeh (117)
Japan
October 2, 2008 3:43am CST
Hello co-mylotters from Philippines. I just want to know if any of you have tried withdrawing funds from your PayPal account? I know that to withdraw funds, bank account should be added to PayPal account but my questions are: a) what are the banks in the Philippines that accepts or allowed to be added in PayPal account? b) when withdrawing funds, how much is the charges from the bank?If you're one to those who have tried withdrawing funds, please share here the name of the bank you used and the amount of money that was deducted to you (charges). I will appreciate all who will respond. Thanks.
1 response
@julyteen (13265)
• Davao, Philippines
2 Oct 08
Here are the list of Bank Code for Philippine Banks and their corresponding bank codes. 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 010040018 CHINA BANKING CORP 010100013 CHINA TRUST COMML BANK 010690015 CITIBANK N.A. 010070017 DEVT BANK OF THE PHILS 010590018 DEUTSCHE BANK 010650013 EAST WEST BANK 010620014 EXPORT & INDUSTRY BANK 010860010 FUJI BANK 010640010 HONGKONG AND SHANGHAI BANK 010060014 INTL COMML BANK OF CHINA 010560019 INTL EXCHANGE BANK 010680012 JP MORGAN CHASE BANK 010720011 KOREA EXCHANGE BANK 010710018 INTL NEDERLAND BANK 010660016 LAND BANK OF THE PHILS 010350025 MAYBANK OF THE PHILS 010220016 METROPOLITAN BANK & TRUST CO 010269996 PHIL BANK OF COMMUNICATION 010110016 PHIL TRUST COMPANY 010090039 PHIL NATIONAL BANK 010080010 PRUDENTIAL BANK 010150018 PHIL VETERANS BANK 010330016 RIZAL COMML BANKING CORP 010280014 SECURITY BANK & TRUST CO 010140015 STANDARD CHARTERED BANK 010050011 UNITED COCONUT PLANTERS BANK 010299995 UNION BANK OF THE PHILS 010419995 UNITED OVERSEAS BANK 010270189
1 person likes this
@julyteen (13265)
• Davao, Philippines
2 Oct 08
after adding this bank and the bank code to your paypal account you can withdraw your funds to your local bank that you have existing account. bank fee if you withdraw to your bank is around PHP 50.00. paypal will charge also if you withdraw funds below PHP 7,000.
1 person likes this
@fayeeh (117)
• Japan
3 Oct 08
Thanks for the information. Will you receive your funds to your bank account instantly? or it will take days before your funds appears in your bank account? How long? Sorry, had a lot of questions. Just wanted to know and be sure before doing transactions.