Withdrawing Paypal Funds to Philippine Banks Now Available

At last, withdrawing funds from Philippine based paypal accounts is now much easier. Getting your paypal money is not just limited to getting it through your credit card or debit card. Paypal has finally made withdrawing funds to Philippine bank account, yes not just US bank accounts, available.

Philippine banks / bank accounts that can receive paypal money:

No list provided by Paypal All local banks can receive paypal funds but your bank account should be in Peso Account not dollar account. You may also refer to this table of bank codes from pinoymoneytalk. The bank code is required when you register your bank account. This table currently includes bank codes of Metrobank, Bank of the Philippine Islands (BPI) / BPI Family Savings Bank, Citibank / Citibank Savings, Citibank / Citibank Savings and Chinabank. If yours is a BDO (banco de oro), check this post for details.

Here is the list of Philippine Bank Codes released by Paypal:

BANK NAME	9 digit bank code
ALLIED BANKING CORP	010320013
AUSTRALIA NEW ZEALAND	010700015
ASIA UNITED BANK	011020011
BANGKO SENTRAL NG PILIPINAS	010030015
BANGKOK BANK	010670019
BANK OF AMERICA	010120019
BANK OF CHINA	011140014
BANK OF TOKYO	010460012
BANCO DE ORO (& EPCIB)	010530667
BANK OF COMMERCE	010440016
BANK OF THE PHIL ISLANDS	010040018
CHINA BANKING CORP	010100013
CHINA TRUST COMML BANK	010690015
CITIBANK N.A.	010070017
DEVT BANK OF THE PHILS	010590018
DEUTSCHE BANK	010650013
EAST WEST BANK	010620014
EXPORT & INDUSTRY BANK	010860010
FUJI BANK	010640010
HONGKONG AND SHANGHAI BANK	010060014
INTL COMML BANK OF CHINA	010560019
INTL EXCHANGE BANK	010680012
JP MORGAN CHASE BANK	010720011
KOREA EXCHANGE BANK	010710018
INTL NEDERLAND BANK	010660016
LAND BANK OF THE PHILS	010350025
MAYBANK OF THE PHILS	010220016
METROPOLITAN BANK & TRUST CO	010269996
PHIL BANK OF COMMUNICATION	010110016
PHIL TRUST COMPANY	010090039
PHIL NATIONAL BANK	010080010
PRUDENTIAL BANK	010150018
PHIL VETERANS BANK	010330016
RIZAL COMML BANKING CORP	010280014
SECURITY BANK & TRUST CO	010140015
STANDARD CHARTERED BANK	010050011
UNITED COCONUT PLANTERS BANK	010299995
UNION BANK OF THE PHILS	010419995
UNITED OVERSEAS BANK	010270189

How to Get Your Bank code

If your bank is not listed here, inquire from your bank's customer service or personally visit your bank for inquiry.

Processing remains at 5-7 days after you submit your withdrawal request.

Refer to the chart below:

Day/Time Requested_test	Day/Time Available (Days are one full week after the request is made)
	Mon by 17:00 PHT	Tues by 17:00 PHT	Wed by 17:00 PHT	Thurs by 17:00 PHT	Fri by 17:00 PHT
Wed by 17:00 PHT					x
Thurs by 17:00 PHT	x
Fri by 17:00 PHT		x
Weekends - Sunday by 17:00 PHT		x
Mon by 17:00 PHT			x
Tues by 17:00 PHT				x

Note that the availability of funds can be affected by bank policies and holidays

Fees
7,000.00 PHP or more: Free
for 6,999.99 PHP or less: 50.00 PHP

Related Blog Posts and What bloggers think about this development:

Paypal to Philippine Bank Withdrawal Service

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