If you already have a PayPal account in the Philippines and you want to withdraw funds to your local bank but don’t know how. Here are the steps on how to withdraw funds from PayPal.

First, log in to PayPal, go to My Account > Profile > Add/Edit Bank Account then put the Bank Name, Bank Code, and Account Number. Second, go to My Account > Withdraw > under options click Withdraw funds to your bank account, put the amount you want to withdraw and choose your local bank account and you’re done (find below your corresponding local bank code).


Note: The name on your PayPal account must match the name on your bank account, otherwise funds won’t go thru.

PayPal bank codes in the Philippines

UPDATED Complete List of Bank in the Philippines (with Paypal Bank Codes) Accredited by PayPal

Bank NameBank Code
ALLIED BANKING CORP010320013
ASIA UNITED BANK011020011
BANGKO SENTRAL NG PILIPINAS010030015
BANCO DE ORO (& EPCIB)010530667
BANK OF COMMERCE010440016
BANK OF THE PHIL ISLANDS (BPI)010040018
CHINA BANKING CORP010100013
CHINA TRUST COMML BANK010690015
CITIBANK N.A.010070017
DEVT BANK OF THE PHILS010590018
EAST WEST BANK010620014
EXPORT & INDUSTRY BANK010860010
LANDBANK OF THE PHILS010350025
MAYBANK OF THE PHILS010220016
METROBANK010269996
PHIL BANK OF COMMUNICATION010110016
PHIL TRUST COMPANY010090039
PHIL NATIONAL BANK (PNB)010080010
PRUDENTIAL BANK010150018
PHIL VETERANS BANK010330016
SECURITY BANK & TRUST CO010140015
STANDARD CHARTERED BANK010050011
UNITED COCONUT PLANTERS BANK010299995
UNION BANK OF THE PHILS010419995
UNITED OVERSEAS BANK010270189