How to Make a Withdrawal AND Save on Withdrawal Fees?

[Ping]

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After your PayPal account have been verified, you are now ready to make a withdrawal.

Some common questions:
1.  How long does it take for the money to be transferred to my bank after I made the withdrawal from PayPal?
Usually, it takes an average of 5-7 working days. Sometimes, a delay of 2-3 days is not unusual. Although there are several reports of successful transfer within 3 working days only.

2.  Is there any additional charge if I withdraw my money to other banks, like Metrobank, BDO or BPI?
Several Philippine banks charge different amount. You have to check this with your local banks. So far, right now, UnionBank is the only local bank that does not charge extra fees for withdrawal from PayPal.

3.  Let's make a withdrawal now!
Here comes your first withdrawal from your PayPal account to your EON debit card.   And this is what you see:  $5 for a single withdrawal to your card?@#$%!?


Well, here comes the good tip!   Add your EON debit card as a bank account, and NOT as a card!  With that, you will get a lot of savings!  Use the EON 12-digit bank account number that starts with 109xxxxxxxxx, and not the 16-digit EON card number.

Try it, and you will realize a lot of savings!

 

[mitchteryosa]

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That's what I did. I only get charged of Php50.00 for every withdrawal transaction from PayPal to EON.

Thanks for sharing!

[Ping]

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Welcome po.


 

[mitchteryosa]

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Yung sa BDO daw Php200 ang fee every transaction?

[Ping]

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Not sure about BDO, pero ang sure ko is sa EON free ang withdrawal fee pag more than P7,000 ang request mo.

Maybe others can post their experiences with other banks, plus the days needed before they get their PHP to their bank account?



 

[askepott]

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hmmmm, sa rcbc savings bank kaya may bank fees din? malaman ko SOON, wala pa ako iwiwithdraw eh HAHA

[Ping]

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@askepott, ano na po balita dito?



 

[nidaime]

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Sa Metrobank parang wala.. kung mayroon man.. hindi lalampas ng 150

[aeirin]

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I used BDo and BPI and both have P200 charge

[askepott]

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sorry hindi ko pa natry yun sa rcbc, tried accessing my lola's account kasi online - sa bancnet - kaya lang nag error yun pin hanggang mablocked na nga >.< waiting for then to reset my password pa ulit pag sure na okay na tsaka ko try mag withdraw, hopefully this week 

[virus]

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Hello po!

Ano po yung req pgkuha ng EON?

Salamat po!

virus

[Ping]

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The usual po, 2 government issued IDs, P350 for the annual fee ng EON, plus some cash deposit of at least P200 for the 1.95usd to be used for verification of your PayPal account.



 

[pinaymommy]

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So far adding EON as a bank account is the best way to save from Paypal fees.

That is what I did too.

[edgarmorfe]

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i used china bank debit card and charged me P200. 

[nicole]

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Hello po I'm new here..

Ask ko lang po..Pano sa case ko na pasok ko na yung EON card ko as CARD sa Paypal one year na mahigit..kaya lagi akong may $5....Now ko lang po nabasa itong thread na to.....Pde pa kaya i Add uli itong same EON card ko as Bank Account to get rid of the $5 fee every withdrwal? Inde kaya ma freeze o ma limited access ang paypal account ko pag ginawa ko yun?

Thanks