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.
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Comments
hi james.. thanks for the informative comment.
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..
hi kuya..it seems paypal was already able to release the complete list of routing numbers.Anyway, i saw the list and I was on the right track..all of the routing numbers which they published were actually the brstn of the philippine banks.However, those were actually brstn’s of the head offices of the philippine banks.
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
thank you very much for the info rj..
I’l check the site and update my account..
cheers and have a nice day.
[...] to widthdraw their fund directly to their bank account in Philippines. After paypal announced the direct to bank widthdrawal availability I immediately activate my account and unfortunately there is no official list of 9 digit bank code [...]
Mga Kabayan,
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…
Hi, I called BDO and said that they don’t have any formal arrangement with PayPal yet so if the funds will not be there on time, di sila pwedeng sisihin.yung ang sabi ng customer service nila.but i found some useful link here to check the philippine bank codes. http://pages.ebay.ph/bankwithdrawal/bank_codes_ph.html
@nant,
i’m using paypal to BDO for almost 2 years now.. and wala namnag problem.. un nga lang 7 days pag ang widthraw ak sa paypal to BDO.
strange is when i’m inquiring BDO employee eh walang sialng kaalam alam sa paypal?…
reliable ba talaga ung mga bank codes na lumabas sa sites na binigay nyo? kasi now may ng padala ng pera sa akin through paypal, e nung ng inquire ako sa bank, swift code lang ung binibigay nila at wala silang alam sa bank code o paypal.. ang nagiging prob ko lang ay ang pag enter ng bank code kasi baka mali sayang kung babalik lang sa ng padala mababawasan ung pera at the same time, parang macha charge payata ako ng bank..
i have account in metrobank and BDO, ok lang ba na mag widraw ng paypal through my account using ung mga bank codes nyo, ung bank code nalang prob ko e.. and sabi naman ng ng padala sa akin “routing number” pareho ba ang routing number at bank code? needs info about it. thanks
Hi, we already have a partial list of here. We will continue updating the list as soon as we get additional information.
Hope this helps.