PayPal Cash can Now be withdrawn to Philippine Local Banks

Posted by : Dexter Panganiban | ; Filed Under Money Matters, Philippines

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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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About the author

Dexter Panganiban : Dexter is a techie person that also blogs at his Personal Blog " Dexter Panganiban Site ", He is a Mechanical Engineer by Profession. He loves Search Engine Optimization and Making Money Online

Interesting Comments

One Response to “PayPal Cash can Now be withdrawn to Philippine Local Banks”

James | PinoyMoneyTalk.com on January 26th, 2008 7:43 pm

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
Brown Baron on January 26th, 2008 9:13 pm

Sounds like great news for us buddy.

Reply
Dexter on January 27th, 2008 7:44 am

@ Baron,

yes it is.. umpisa na ito na Online visibility ng marami pang pinoy

Reply
Dexter on January 27th, 2008 6:28 pm

@ James,

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

Reply
nimrodjo on January 27th, 2008 8:39 pm

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
Dexter on January 27th, 2008 10:40 pm

@ Actually,

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

Reply
ralph on January 29th, 2008 9:48 am

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
Dexter on January 29th, 2008 2:35 pm

@ 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

3 pingsLinks To This Post

Sunday Special Issue #4 | Be The Boss on January 27th, 2008 3:35 pm

[...] 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 [...]
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