Atma Xplorer

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Paypal withdrawals to Philippine Banks

Yes it’s finally here. Paypal finally opens it’s doors (fully) to the Philippines, banks and citizens alike.

No more lost checks in the mail, no more application for specialized credit cards. Just fork over P250.00 for each transaction under P7,000.00 (above that is free) and you’ll get money from your Paypal Account transferred to your Philippine Bank Account in 5-7 working days. Easy right?

paypalthumb.jpg

Click the image for a larger version

All you need are your bank’s (the one where you’ll transfer the money into) details which include Bank Name, Bank Code (9 digits), and Account Number. The question now that everyone’s asking is what in the world are the Bank Codes? Their obviously not the same as Swift Codes or Bank Identifier Codes that Money Bookers use since their just 8 characters as opposed to Paypal’s 9 digits. Hmm.. guess it’s a mystery till Paypal updates their site.

I’ll update the post when I find more information.

Update:

Paypal Philippines Bank Codes found so far

BANK NAME

9 digit bank code

ALLIED BANKING CORP

010320013

AUSTRALIA NEW ZEALAND

010700015

ASIA UNITED BANK

011020011

BANGKO SENTRAL NG PILIPINAS

010030015

BANGKOK BANK

010670019

BANK OF AMERICA

010120019

BANK OF CHINA

011140014

BANK OF TOKYO

010460012

BANCO DE ORO (& EPCIB)

010530667

BANK OF COMMERCE

010440016

BANK OF THE PHIL ISLANDS

010040018

CHINA BANKING CORP

010100013

CHINA TRUST COMML BANK

010690015

CITIBANK N.A.

010070017

DEVT BANK OF THE PHILS

010590018

DEUTSCHE BANK

010650013

EAST WEST BANK

010620014

EXPORT & INDUSTRY BANK

010860010

FUJI BANK

010640010

HONGKONG AND SHANGHAI BANK

010060014

INTL COMML BANK OF CHINA

010560019

INTL EXCHANGE BANK

010680012

JP MORGAN CHASE BANK

010720011

KOREA EXCHANGE BANK

010710018

INTL NEDERLAND BANK

010660016

LAND BANK 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

010080010

PRUDENTIAL BANK

010150018

PHIL VETERANS BANK

010330016

RIZAL COMML BANKING CORP

010280014

SECURITY BANK & TRUST CO

010140015

STANDARD CHARTERED BANK

010050011

UNITED COCONUT PLANTERS BANK

010299995

UNION BANK OF THE PHILS

010419995

UNITED OVERSEAS BANK

010270189

For more info, why not check out PMT’s post on withdrawing from Paypal funds from your Philippine Bank and the List of Paypal Philippine Bank Codes. A big thanks to PinoyMoneyTalk for finding out about this interesting morsel ^^.

Update 2:

Paypal finally releases the full list of bank codes on an ebay page.

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Comments ( 2 )

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  1. rhodilee January 31, 2008 Reply

    The transaction fee for withdrawal below 7k is only PhP 50 🙂

    rhodilee’s last blog post..Pending Paypal Withdraw Transaction

  2. Posy October 22, 2008 Reply

    Keep up the good work.

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