Good News: You Can Now Withdraw PayPal Funds to Philippine Bank Accounts
Tuesday
Jan 29, 2008
This is perhaps the best news I’ve seen lately. I got an email from PayPal saying Philippine users can now withdraw PayPal funds into our local bank accounts.
New! Withdraw Your Funds to Your Philippine Bank Account
Now you can add your Philippine bank account to your PayPal account, so you can withdraw your money directly to your bank. It saves you time and gives you faster access to your PayPal funds!
Plus, there is no charge to withdrawal amounts over PHP 7000*. So go ahead and add your bank account today!
Withdrawals of less than PhP 7,000 are only charged PhP 50. How great is that?
For more information, head on to the Philippine PayPal withdrawal page. A list of supported banks is here.
I think I’ll link up my PayPal account to those banks which have online access, so I can monitor how quickly funds are transfered.
J. Angelo Racoma is a technology journalist and blogger. See more of his blog posts here at racoma.com.ph, commentaries at racoma.net, and Twitter feed at @jangelo.
Comments
Adam Mordo
January 30th, 2008 at 7:31 pm
I was smiling like a fool when I got this email too! All of us here at I.PH are really happy this finally happened. Nearly all our bloggers are here in the Philippines so this will definitely make things a lot easier for them.
Michael Balcos
February 16th, 2008 at 6:17 pm
This is great news. Is it also now possible to send money via bank account and paypal?
idle me
February 28th, 2008 at 12:33 am
have you tried withdrawing from your savings account? have you found out if your bank charges more? would it be better to use this mode instead of going through the union bank eon debit accoount? thanks.