Paypal fund widthdrawal to Philippine Bank Accounts-Bank Code?
I think the week-ender post by PMT on the newly implemented paypal widthdrawal service is really a breaking news specially for Filipino bloggers and webtrepreneurs.
Registered Paypal users from Philippines are now allowed to Widthdraw funds directly to the banks in the Philippines, providing option to use less-hassle way of encashing your paypal fund.
I observed some important points to take note when widthdrawing your fund to any Philippine bank account:
- Widthdrawal cost for 7K and up is FREE.
- For the cost below 7K, a charge of 50 Pesos will be incurred.
- The fund availability is 5-7 business days after the request has been made.
- A return fee of 250.00 PHP will apply, and your bank may charge additional fees for unsuccessful paypal fund widthdrawal
You just add your bank account to your Paypal account and you are ready to go. But wait, adding the bank account is not that simple, you need 9 digit bank code of your bank account to link your local bank account to paypal.
That is now the question that some of you might care to answer. Any experience on acquiring the 9 digit bank code for Banco De Oro, Bank of the Philippine Island, Metro Bank your comments or your post links will surely appreciated.
Update: Paypal has announced the offical bank code list. Official List of Paypal Bank Code in the Phillippines.
You Know What to do Next:
Additional Reading:
If you enjoyed this post, please consider to leave a comment or subscribe to the feed and get future articles delivered to your feed reader. You may also subscribe via email for FREE by entering your email below and have us deliver what you need directly to your inbox.
Comments
btw, i contacted my bro in philippines to help me get the bank code-routing number of banco de oro.. I let you know once i got it..
Hindi na kasi humabol yung blog ko sa i decided not to post it anymore..but i’ll see if i can make a post of it just the same..
naupdate na rin ata ni kuya james yung blog niya on the routing numbers..those are the right ones.although yung binigy ko sa iyo routing number lang yon pero ng branch
I’l check the site and update my account..
cheers and have a nice day.
I am a BDO client I work here in PH but my salary is deposited by my company from foreign land. At first I thought BDO services is Okey but later on I experinece the worst thing on this bank. I enrolled two accounts for my kids so I can immediteky transfer their allowance from my account to their account..BDO commited to fix the problem in enrollemnt on five banking days,,,,ehhh 20 banking days na,,,wala pa rin silang ginagawa…..hay naku..its…a total BULS… This is BDO…(Bankong Di Organizado)…as usual and sistema nila parang pang rural bank…
Hope this helps.