Last month, I waited two weeks for Union Bank to activate my EON card. I’ve only used it once, and now I may never have to. We (people residing in the Philippines) can now withdraw funds from our Paypal to our local bank accounts. I just tried adding my BPI account, and it was a success. Try adding yours too!
As you can see, it’s way cheaper to withdraw funds to a local bank account than to a credit / debit card. The former only costs PhP50.00 to withdraw an amount of PhP 6,999.99 or less, and free for PhP 7,000 or more; while the latter costs US$5.00 for every withdrawal. Both transactions take 5-7 business days of processing time.
Here are the bank codes that you will need:
- ALLIED BANKING CORP 010320013
- ASIA UNITED BANK - 011020011
- BANGKO SENTRAL NG PILIPINAS - 010030015
- BANCO DE ORO (& EQUITABLE PCI BANK) - 010530667
- BANK OF COMMERCE - 010440016
- BANK OF THE PHIL ISLANDS (BPI) - 010040018
- CHINA BANKING CORP 010100013
- CHINA TRUST COMML BANK - 010690015
- CITIBANK N.A. - 010070017
- DEVT BANK OF THE PHILS (DBP) - 010590018
- EAST WEST BANK - 010620014
- EXPORT & INDUSTRY BANK - 010860010
- JP MORGAN CHASE BANK - 010720011
- 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 (PNB) - 010080010
- PRUDENTIAL BANK - 010150018
- PHIL VETERANS BANK - 010330016
- RIZAL COMML BANKING CORP (RCBC) - 010280014
- SECURITY BANK & TRUST CO - 010140015
- STANDARD CHARTERED BANK - 010050011
- UNITED COCONUT PLANTERS BANK - 010299995
- UNION BANK OF THE PHILS (UBP) - 010419995
- UNITED OVERSEAS BANK - 010270189
Then again, never say never. I know I don’t have to say goodbye to my still-shiny, hardly-used EON card. Since it’s a Visa debit card, I still may be able to use it in more ways than one.
What’s your local bank account? Have you tried adding it to your Paypal?
If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!
