18 Comments on "Transfering funds from your PayPal to your bank account"

  1. Is BPI the best bank for PayPal withdrawals? Although, I have never tried withdrawing yet.

    • Hi Ceemee, I have only tried Eon (Unionbank) and BPI so I’m not knowledgeable about the other banks. Though I know you can also link other cards like BDO, Metrobank, Landbank, etc to your PayPal, I’m not sure about their transaction charges. I am for convenience and so far, I’m happy with BPI. Never had a problem with it. It’s more convenient for me than Unionbank because there are more BPI branches and ATM’s around the country. I’m happy with their customer service too. :)

  2. Elizabeth O. | July 4, 2015 at 12:37 pm | Reply

    This is great information. I didn’t know that you could go over $500.

  3. I only have eon, I do not know if pwede na sa BDO. I’ll check it out…

  4. I’m using BPI too and I received my funds after 3 buss days.

  5. I have eon, too. There was a time that it took a month before my money got transferred to my BPI account. I guess things have changed.

  6. I didn’t know BPI can now be used for paypal. I use EON all the time.

  7. Withdrawing from paypal is so easy it just took two-three days to transfer the fund

  8. Try to transfer your paypal funds to your BPI account before 8am. It will reach your BPI account late in the afternoon the next day. It works 90% of the time :)

    BPI will charge you 150 pesos per transaction while EON will charge you nothing but it has a 200 or 300 pesos yearly fee.

    • Oh, great information! Thanks for sharing, pxmichael. I’ll try withdrawing before 8am next time and see the difference. And yes, glad to be reminded about the fees, I knew that EON was the best option many yrs ago that’s why I got EON then but that account has become dormant when I stopped blogging so I’m using my BPI now which is very convenient for me. I withdraw in bulk and not too often to minimize withdrawal fees. (clarification for other readers: PayPal doesn’t charge when you withdraw P7,000 and up but your bank like BPI may charge a minimal fee per transaction)

  9. We have Eon card. Mahal kasi bank charge pag bank transfer. Though it has annual fee sulit na din naman.

  10. Hello,

    Is the middle initial required for linking Paypal in my bank account? I recently changed my name in Paypal and added my middle initial since you said to your other article “Important: The name on your bank account must match the name on your PayPal account. Otherwise, it might be rejected and there would be a return fee of P250.”

    • Hi Min, middle initial is not a big deal. It’s your first and last name that’s important to match with that in your card. Sorry for the late reply, I just saw this. Hope all is well with you.

  11. Hi. How can I add money to my paypal funds from my BPI linked account? Thank you

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