question about paypal

Philippines
April 6, 2011 4:26pm CST
I was wondering about paypal, I know that you can transfer your paypal funds to your bank accounts. but is there a list of affiliated banks where you can transfer funds? or any bank will do? I know paypal has partnership with UnionBank. But can you transfer it to other bank accounts besides UnionBank?
4 responses
damned_dle
@damned_dle (3942)
• Philippines
7 Apr 11
You can transfer from paypal to any bank account, BUT the you can't fund it. And bank transfer fees are high. EON is still the best.
yallit
@yallit (3677)
• Philippines
7 Apr 11
The withdrawal fees is just 50 pesos per transaction if amount is lower than 7K pesos. Well, that's my experience with BPI at least.
1 person likes this
damned_dle
@damned_dle (3942)
• Philippines
8 Apr 11
Oh! Thanks for the info. Can you fund paypal using BPI too? Did you use a debit/credit card? ATM? Or just an ordinary bank account in BPI?
yallit
@yallit (3677)
• Philippines
10 Apr 11
I haven't tried funding my Paypal account using any bank accounts. The last time that I invested money to any site, I used the credit card that I have linked to Paypal.
yallit
@yallit (3677)
• Philippines
7 Apr 11
You can transfer money to other banks in the Philippines. You just need to have the specific bank code for the one you'd like to withdraw the money to. I use a BPI account to withdraw my money from Paypal.
chickimmy
@chickimmy (44)
• Philippines
7 Apr 11
thanks yatllit. this is very helpful. i read this from paypal. I just wanted to make sure that I understand it correctly and I also wanted to know some experiences people have in transferring funds. thanks again!
Madmax73
@Madmax73 (280)
• Romania
6 Apr 11
Well i have an account at BCR (romanian bank) and i can transfer funds. So it's okay
sublime03
@sublime03 (2339)
• Philippines
6 Apr 11
For PayPal the bank accounts that my friends have added which is based in the Philippines would be BDO or BPI. Now with Unionbank you may get the EON card but the account itself can be added as a bank account. You just have to get the routing number so you may add it as a bank account and also you may add it as a card.