PayPal Withdraw to BDO Charge Fees

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If you are an online worker like me, or if you earn money online, then you probably know Paypal. Paypal is apparently the largest pay processor online and most online jobs and online money making schemes prefer Paypal as a method to transfer funds. But for Philippine users, it may be difficult to withdraw money from Paypal. Not anymore. You can now withdraw Paypal funds to your BDO savings account. Yes you can now transfer your dollar funds in Paypal to your local BDO savings account easily but with a Paypal withdraw to BDO charge fee.
All you need to do is enroll your account number in Paypal withdrawal section and include the bank code for BDO 010530667. Take note however that Paypal withdraw to BDO charge fee is P200.00. This is aside from the Paypal fee (P50.00) deducted if your withdrawal is Lest than P6999.00. You will receive your fund P200.00 less than the indicated amount in your Paypal transaction details when you submitted your withdrawal request. It takes about 3 – 5 banking days for the funds to be credited to your local BDO savings account. For me, the Paypal to withdraw to BDO charge fee is reasonable considering that you can receive your funds conveniently. Try it today.

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November 4, 2009
Under Let's Make Money.

7 Comments »

hi. will you still be able to withdraw to your bank if your paypal account is not verified? thanks

Comment by yenerts — April 13, 2010 @ 11:22 pm
I’ve tried that once and it worked, but you will have withdrawal limits per month if your account is not verified

Comment by riantalk — April 14, 2010 @ 2:36 pm
in the withdrawal section, did you enroll your bdo bank account? or bdo credit/debit card? I’m quite confused.. it’s indicated that if you withdraw with your card, the fee is just P50.. so it’s not just P50?

oooh paypal’s sooo damn confusing..

please advise..thanks!

Comment by pooot — May 14, 2010 @ 10:33 pm
yes you must first enroll a BDO Savings account number. You no longer need credit or debit card numbers. Once the BDO Savings account number is enrolled, you can start withdrawing the fund. There is a P200 deduction when the money arrives at your account in BDO, they will deduct it immediately. This is another fee apart from the P50 of Paypal if you are withdrawing less than P6999.00

Comment by riantalk — May 15, 2010 @ 12:11 am
I see..very well explained. I get it now.. So the P200 is probably a fee deducted by BDO. Thank you so much!

Comment by pooot — May 15, 2010 @ 11:26 pm
how to verified your account using BDO master card

Comment by asdf — July 11, 2010 @ 5:10 pm
asdf,
You can simply put your credit card number in the verification field. However, it would be much easier if you will simply use a BDO savings account number and enroll a bank account, that’s what I did and never had any problems. Cheers!

Comment by riantalk — July 11, 2010 @ 10:03 pm

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