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PayPal Cash can Now be withdrawn to Philippine Local Banks

Jan 26, 2008 by     12 Comments    Posted under: Money Matters, Philippines

Paypal PayPal is increasing visibility in Philippines , Just yesterday it has been announced that Filipinos can now withdraw their PayPal money directly thru Philippine Local Bank.

A good development and a sign that Philippines is being trusted even this was implemented in India way back November 1st week.

I believe this is because Philippine online visibility is emerging and it is a reality that there are lots of full time and part time netrepreneur.

One must be sure that PayPal name matches with the Bank Name where they will make the transfers. IF there will be a mistake on Transferring PayPal will charge you of abut PHP 250.00

You can check it in your PayPal Philippines Dashboard and see the development via My Account >>> Withdraw.

I just don’t know where to get those 9 Digits Bank Code, which is one of the options that needs to be filled up. We better ask our local bank about it. Anyway I will be researching about it and report here how to obtain it.

Thanks to James for posting it.

Update : James made an additional information regarding the Bank Codes better check it on his site >> PayPal Bank Codes (to withdraw PayPal to bank account)

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12 Comments + Add Comment

  • my bank is one network bank hoiw can i send money to my bank?

    Reply

  • […] are now lots of reason for new blogger to be happy at first PayPal has open it’s door to Filipinos who want to earn money online and next is the recent news […]

  • @ Ralph, I have seen your comment at akismet.. Sorry for late response.. The nine digit things is already known, Check for James post here.. http://www.pinoymoneytalk.com/2008/01/27/bank-code-philippines-withdraw-paypal/

    Reply

  • I recently signed up my paypal account this year for my possible online transactions. and just yesterday I also receive their email about it. Im glad also that they do it. Cheers for all! 🙂 Im also unaware with the 9 digits bank code. If you have some info bwt it kindly let me know also. Thanks in advance. 🙂 Ralph

    Reply

  • […] Believe me when I say that I have no intention of blogging about this – that you can now withdraw your paypal money from our local banks. If you want that info, do a quick search.. it’s all over the blog world. […]

  • @ Actually, I have heard that there are also other option aside from VISA. Specially now that they allow Local bank Witdrawal

    Reply

  • Bloggers in Malaysia also rejoice because we can withdraw using VISA Debit card…I think only VISA card can be used but I don’t know the case in your country…

    Reply

  • @ James, I have updated the post to include your post.. Thansk for the heads up.. and research as well.

    Reply

  • […] is probably the hottest news in the Blog-o-sphere. Paypal can now withdraw funds to our local bank. Bank code list can be found […]

  • @ Baron, yes it is.. umpisa na ito na Online visibility ng marami pang pinoy

    Reply

  • Sounds like great news for us buddy.

    Reply

  • Hi Dex, just posted a new article about the Bank Codes required in PayPal. Hope this helps. Bank Codes (to withdraw PayPal in Philippines)

    Reply

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