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.

Think science. Science think.