How much is the fee for transferring money from paypal to Philippine bank?

hi there! well, i have just tried to transfer my paypal earnings to my husband's BDo account since i cannot transfer it to my own account. first, the bank name should appear like you name in paypal. so i have to transfer my paypal balance to my husband's paypal account. transferring to another account is free of charge as long as it is not a payment for a purchase. send it as a gift. then, my husband transfer the balance to his BDO account under his name of course. but you need to have a verified credit card first to lift the limit. once your card was verified you can go on with the bank transfer. there will be a 50-peso charge for the transfer then it will depend on the Philippine bank how much they will charge you. in case of BDO, they have charged us of 300 pesos. my husband transferred 2050 PhP, then what only appeared is 1850PhP. too high right? but i have read about Union bank EON card which does not charge anything as they are saying. try to browse about it.

Well, i think the limit to withdraw is 7000,and charge50 pesos only.The less i withdraw in my pay pal to my bank account was 2000 more ,only charge 50. But it is better you withdraw like more than ,it depends on you,if you withdraw 500 you still charge 50 pesos.

You must have a paypal account first so that you can withdraw your earning here in mylot. Your paypal account must be verified first, so you must open an EON union bank card. Eon card is widely used for Filipino money earner online since it is a debit card and it is more cheaper compared to other atm card. The openong fee for the card is 350 pesos plus the amount of 200 for verifying your card in paypal. The cheapest fee in withdrawing your money from paypal is through your eon bank account number. The paypal will charge 50 pesos for every withdrawal of less than 7,000 pesos. There is no withdrawal fee for more than 7000 amount.

If you are using EON card, you only need to pay 50 pesos per transaction.I am not sure with other bank/s. I've heard that other banks are asking 200 pesos per transaction.

Hi, eljayo! Good thing you've mentioned this because I have the same concern as well. I wanted to transfer funds from paypal to my Eon card but then I've heard that the fee would be $5 unlike when you transfer that into the local bank only 50 pesos charge. I'm not sure though, I have still to confirm. I hope somebody would respond to this and provide an accurate solution..

You need to open a Union Bank ATM card and link your Paypal Account. The cost of the initial opening of an account is Php350.00. Once you withdraw you will be charged Php50.00 if the amount is below Php7,000. There is no fee in the transfer. What I did with my accumulated payment in Paypal was to transfer it to a friend who has a Paypal account and asked her to withdraw the money for me from her Union Bank ATM since I have not opened a Union Bank account up to this date.