Best Paypal to Philippine Bank Withdrawal Option
Are you a PayPal Philippines user? have you been looking for a good local bank to withdraw your PayPal funds? You can try Unionbank. Although PayPal withdrawal is now available to most of Philippine Banks, based on my experience Unionbank offers the best service. Here are the advantages:
1. Funds usually arrive earlier than the 2 – 3 baking days promise. There was even a time when I received my Peso funds within 24 hours.
2. There are no transaction charges. Once you hit withdraw from your PayPal website, you will receive the exact Peso equivalent to your Unionbank account. Unlike with PayPal to BDO and PayPal to BPI both charging P200 and P150 respectively.
3. Unionbank is the only Philippine bank that I know that confirms partnership with PayPal.
Some notes: You can use a Unionbank Savings account or an EON account to withdraw your PayPal fund to Unionbank. For Unionbank Savings account with ATM, the maintaining balance is P10,000 but with no annual fee. Going below P10,000 will cost you P500/month. On the other hand, EON accounts do not require a maintaining balance but with an annual fee of about P300.
So the next time you are going to withdraw your PayPal funds to a Philippine bank account, use Unionbank. This is Best Paypal to Philippine Bank Withdrawal Option
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