PayPal has revolutionized online payments, providing a secure and convenient platform for millions of users worldwide. As an e-commerce enthusiast, freelancer, or business owner, understanding how to withdraw funds from your PayPal account is crucial. This comprehensive guide aims to walk you through the various withdrawal methods, fees, and important considerations to ensure a smooth and efficient transaction process.

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.

Section 1: Setting Up Your PayPal Account for Withdrawals

1.1 Creating a PayPal Account:

  • Visit the official PayPal website (www.paypal.com) and click on “Sign Up.”
  • Choose between a Personal or Business account, depending on your needs.
  • Follow the prompts to provide necessary personal and financial information.
  • Verify your email address and link a valid bank account or credit/debit card to your PayPal account.

1.2 Confirming Bank Account:

  • For security purposes, PayPal will deposit a small amount into your bank account.
  • Check your bank statement and enter the provided amount on the PayPal website to verify your bank account.

Section 2: Understanding PayPal Withdrawal Methods

2.1 Standard Bank Transfer:

  • The most common method for withdrawing funds from PayPal is by transferring them to your linked bank account.
  • Go to the “Wallet” section in your PayPal account and click on “Withdraw money.”
  • Select your linked bank account, enter the withdrawal amount, and confirm the transfer.
  • It typically takes 1-3 business days for the funds to appear in your bank account.

2.2 PayPal Debit Card:

  • If you have a PayPal debit card linked to your account, you can use it to withdraw funds at ATMs or make purchases.
  • Navigate to “Wallet” and click on “Transfer funds” to your PayPal debit card.
  • Enter the withdrawal amount and confirm the transfer.
  • Note that there might be withdrawal fees associated with using the PayPal debit card.

2.3 PayPal Cash Plus Account:

  • If you have a PayPal Cash Plus account, you can access a physical card to withdraw funds from ATMs or use it for purchases.
  • Apply for a PayPal Cash Plus account and receive the physical card once approved.
  • Follow the instructions to activate your card and withdraw funds accordingly.

Section 3: PayPal Withdrawal Fees and Limits

3.1 Bank Transfer Fees:

  • PayPal typically doesn’t charge fees for standard bank transfers within the U.S. and some other countries.
  • International transfers may incur currency conversion and cross-border fees.

3.2 PayPal Debit Card Fees:

  • While transferring funds from your PayPal account to your linked bank account is usually free, using the PayPal debit card might have transaction fees.
  • Check PayPal’s website for the most up-to-date fee information.

3.3 PayPal Cash Plus Account Fees:

  • There might be fees associated with applying for and using a PayPal Cash Plus account and card.
  • Review PayPal’s website for detailed information on associated fees and limits.

3.4 Withdrawal Limits:

  • PayPal may impose daily, weekly, or monthly withdrawal limits based on your account type and verification status.
  • Verify your account and check your withdrawal limits in the “Wallet” section.

Section 4: Tips for Smooth Withdrawals

4.1 Keep Your Account Information Updated:

  • Ensure your contact information, bank account details, and other crucial data are always accurate and up-to-date.

4.2 Verify Your PayPal Account:

  • Verifying your account enhances security and lifts some withdrawal limits.

4.3 Plan Ahead:

  • For larger withdrawals, plan in advance and be mindful of any pending transactions to avoid overdrawing your account.

4.4 Consider Currency Conversion:

  • If withdrawing funds in a foreign currency, compare exchange rates and potential fees before proceeding.

4.5 Monitor for Security:

  • Regularly review your PayPal account for any suspicious activity or unauthorized transactions.
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

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Conclusion:

Withdrawing funds from your PayPal account is a straightforward process once you familiarize yourself with the available methods and associated fees. Keep your account information updated, verify your account, and plan ahead for larger withdrawals to ensure a hassle-free experience. Always prioritize security and double-check the details before confirming any transaction. By following this comprehensive guide, you can confidently manage your PayPal withdrawals and access your funds whenever needed.

By BD

82 thoughts on “PayPal Bank Codes (Philippines) – How to Withdraw Funds from PayPal”
  1. You cannot add a Non-US bank account to your PayPal account to with draw funds. For example you bank is located in the Philippines you cannot link it to PayPal because the default of bank location is only US.

    1. Hi BradPitt,

      You are wrong. We’ve been using BPI, a Philippine bank account to withdraw funds and it’s working. I don’t know where you got that info.

  2. Hi! I have a question. Does paypal accept BPI bank account? Because I link my BPI account but it seems that my Paypal account has not still been verified. Please help. Thanks!

  3. good eve po…ask ko lang kung paano po magwithdraw ng paypal??kaht saan po bang banko pwde cy iwithdraw at klngan pa po ba mag open ng account sa banko pra mawithraw???first time ko po kasi..salamat po

    1. Hello do you have a paypal account, I am now using paypal but I cannot use my paypal now because i have no balnce, and I cannot fund my paypal thru my landbank debit card? Can you help me? tnx

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  6. hello ask ko lang po nalitu talaga ako i've read articles sa paypal sabi UNION bank lang pwede para ma windraw yung pera sa paypal account na link ko na xa sa bank ko sa BPI pwede ba dun nalang dederetsu yung pera sa ATM ko after ko mag transfer fund? pls help po super litu………my email ad is sheatpit16@yahoo.com ty

  7. hello po pwede po ba pwede po ba maka withdraw yung philippines bank account kahit saudi arabia ang account sa paypal? kasi hindi na dun nakatira sa saudi eh bumalik na sa pinas..

  8. hi po, may inapply po ako sa isang website para maitransfer yung earned money ko papunta sa paypal account… sabi nila 5-7days daw to transfer (trusted site naman ito, sure na sure po)
    8 days na po ang lumipas, wala pa rin po sa balance ng paypal account ko po yung money
    unverified user, premier account type po ang paypal ko (wala po kong credit card to verify, pero nailagay ko na po yung bank account ko dun)
    BDO savings account po gamit ko
    may kailangan pa po ba akong gawin para mareceive ko yung payment? I made sure naman po na tama yung email address na tinype ko
    or sa tingin nyo po, nasa website yung problema?
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  10. pwede po ba ang landbank to withdraw cash from paypal?tapos ano po ba ang ibibigay ko na info para sa mapadala nla ang pera sakin through this paypal? im new here. any help will do. thanks in advance

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  12. Maam/Sir bkit d pa po pumapasok sa bank acct.ko ung galing paypal?kahit na aung status sa paypal is completed wla prin sa bank acct.ko , or sa bank mismo mgmmatter kung kelan nla ippasok? ty

  13. good afternoon, question po, ngaynlng kc ako nkarcv ng payment sa paypal ko, verifie dnmn paypal ko kaso di pa authorised seller, pano po pag di ko nameet criterias after 21 days ano mangyayari sa pera ko 🙁 pero pinaship ko naman na ung inorder sakin, pano pag di na nasundan ung nagbabayad sa paypal ko e di hindi ko mamimeet criteria to be a seller? pano na yung pera dun :(( worried talaga ako :((

  14. nakakabwisittt…ngayon lng nile binago yung accredited logo ng debit card…before nakalagay yung MASTERCARD,…but now VISA CARD NA LANG….letseeeeeeeeee!!!!!!!!!!!!!!kinaltasan p nila ako ng 50php para dun sa MASTERCARD …eh alam naman pla ng PAYPAL na hindi na nila accredited yung MASTERCARD for their PAYPAL services…..damn it!!!!!!!!!!!!!dapat sana deleted na nila yung MASTERCARD right away..hindi yung inaccept p nila yung MASTERCARD KO NA SMART MONEY CARD tpos …50 php agad agadddd…yun pla wla ring kwentaaaaaaaaaaaaaaaaaaaaaa…..hanggang ngayon yung kakarampot kong pera s paypal hindi ko pa napapakinbangannnnnn…..PUNYETA!!!!!!!!!!sorry daw….maibibili ko ba sa grocery or pambayad ng bills yung sorry nila!!???????nagtuturuan ang PAYPAL AT YUNG SMART MONEY CARD NA MY MASTERCARD LOGO!!!!!!!!!!!!!!!!!!!!!!HAYOPPPPPP!!!!!!!!!!!!!!!!!!!

  15. Hello! need help! yung pay pal account ko po na set up yata po sya as business. i have trasnfer the amount and it seems that it didnt go through pag balance inquiry ko sa bank. how is that possible? I made sure that the name on the account is under mine and as well as sa savings account ko… thanks for your quick reply!

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  17. Hello po…bakit.hindi.ma select ang currencies kung mag convert ako sa paypal…yung from na sa ibang pera hindi ma select…

  18. Any ordinary atm type account po ba makakapag withdraw n ng cash? Verified n po paypal ko but hindi nagamit ng matagal ang eon ko, sobra hirap mag apply for another eon nowadays.gusto nila same address ang proof of billing and id's..pero kc renting lng kmi..

  19. Tapos ko na xang lagyan ng bank name,code,and account number kagabi kaso hanggang ngayon wala pa yung payment..matatanggap ko pa ba ung payment?kasi sabi matatanggap ko ng sept.8 tapos kgabi ko plang nlagyan ng bank code?

  20. Hi Sheen, I assume paypal verified kana at meron ka nang eastwest account. Login to your Paypal account, go to profile, click add a bank account and fill out all the details including bank name and bank code of eastwest (010620014). When you want to withdraw, go to my account, click withdraw, then click the options Withdraw funds to your bank account.

  21. good eve po..panu po ba ilink yung paypal sa eastwest debit??
    kasi po may expected po akong payment from my online job last sept.8 pero po hanggang ngayoon wala pa pong bayad aqng nakukuha..ano po bang dapat iclick???kailangan ko pa po bang fill upon yung mga bank name and bank code?????please help:(((((((((

  22. anyone can help me?!!! :'(
    my eon card cant verify in my paypal account..
    i try to fill up the verification on paypal..
    i try the last 3 digit at the back of my card,
    and also the 4 digit code of paypal or repuse code that they say..
    but it cant!!

    I DONT KNOW Y…. >.<

  23. Thanks, d ko pa nakita card mo. Kasi this wednesday ko pa makuha. Ano po yong withdraw funds to your bank account . sa online banking ko po yan makikita sa bdo or sa paypal din po. Paxenxa na newbie po kasi ako dito sa pag withdraw ng pera sa paypal.

  24. If yong card mo ay pareho nito: http://goo.gl/fXf9ae pwede mo yan magamit just click the option withdraw funds to your bank account not the "withdraw funds to your card".

  25. hi i have a question. yong bdo debit card ko with csc code and naka mastercard naman siya. pwede siya? kasi inadvice ko ang officer na gagamitin ko for paypal and travel abroad.

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