withdraw paypal to any philippine bank

philippine paypal users used to grab unionbank’s eon card just to withdraw funds from paypal, and pay an annual fee of P350 whether you use it or not. recently, paypal has allowed pinoy users to withdraw funds to a local bank, it will charge you P250 for every local bank you add to your account. transferring an amount more than P7,000 is free of charge, any less would cost you P50 per transaction.

paypal does not support local dollar accounts tho, but it’s good enough, yes? :) here’s paypal’s official list of bank codes, you’ll need it each time you add a bank account to your paypal:

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
LANDBANK 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

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