For more information and special deals related to any of the issues on this page, place your cursor over the double-underlined links. All information supplied by Kontera.com. Kindly subscribe to my feeds via RSS reader or via e-mail if you want more updates.
I withdraw my Paypal money to my BDO account last Monday. I used the bank code provided by Paypal on their official bank code list.
Now, the money is already on my BDO bank account. It just took 5 days. Here are the transaction screen shots.
Paypal Withdrawal Screen Shot
Banco De Oro Receive Screen shot
As you can see, there’s a difference of Php 200.00. I think, BDO deducted it as a transaction fee. I did not bother asking.
So, as a conclusion, I can withdraw my Paypal money to my BDO bank account without hassles. How about you? What’s your experience with Paypal withdrawal to your local bank account?
Technorati Tags: Paypal, BDO, Banco De Oro
Download your free Guerilla Bloggers' e-book here!
Bored? Play Pinoy HangARoo!
If you like this post, buy me a beer!
February 8th, 2008 at 1:47 pm
wow buti naman naka widraw n u
February 8th, 2008 at 10:06 pm
soon mag withdraw din ako. haha. hopefully next2x week. lol.
February 9th, 2008 at 8:15 am
Hmmmm I think I should encourage my aunt in the States to send me money via Paypal para makapanood ako ng mga concerts ngayong 2008. Heheheh
February 9th, 2008 at 10:37 am
successful din withdrawal ko using bdo, mag wiwithdraw din ako next week
February 9th, 2008 at 2:38 pm
Right now I am still enjoying withdrawing thru my Crdit card. But I believe when I go vacation I will try to create account to BDO or Metrobank..
Good tip
February 12th, 2008 at 3:38 pm
thanks for sharing your story. ive been researching on the best way to withdraw my paypal with the least deductions.
i understand that paypal charges free for withdrawals 7k pesos and up so i guess the 200 discrepancy served as BDO’s fee.
so do you advise to withdraw via BDO or EON (have no idea with eon’s fees and been hearing bad experiences from bloggers lately)?
February 12th, 2008 at 4:00 pm
@iRonnie… I have no experience with EON card coz I don’t have one. So, I can’t advise you which one is better. I think, the 200-peso charge and 5 day waiting time is already ok for me.
February 15th, 2008 at 7:22 am
Congrats, Marhgil! (Nice meeting you at the HSMnG)
Am curious, though: Does your BDO account name match your Paypal account name exactly? I’m thinking kasi of using a BDO joint account, but am concerned that since the Paypal account name is an individual, there might be some transfer issues.
Thanks!
February 15th, 2008 at 6:29 pm
@ManuelV.. Nice meeting you too. About your question, yes, my account name exactly matches my BDO account name. I don’t know of any case on using joint account yet. You’ll get 250 pesos fine if the bank returns your Paypal money, i think.
February 19th, 2008 at 6:27 pm
Hello po
Ask k lang kung pwede ang BDO Int’l ATM card sa pagwithdraw ng paypal funds? I tried to verify my account using my BDO ATM card since okay ang debit card kaso denied pa rin. Nkapag-add n ko ng Account # pero di ako pwede makapgwithdraw dhil d pa daw verified. Please help. :((
February 21st, 2008 at 4:31 pm
Hi. If you’re wondering po.. sa yugatech ko nakita itong website mo.
Anyway, ask ko lang po, may 200 deduction parin kaya sa BDO if ang iwiwidraw lang is, lets say, $25? We tried calling BDO, hindi daw sila accredited ng Paypal.
February 26th, 2008 at 7:01 pm
yeah, I just called BDO hotline a while ago, wala pa daw silang facility ng paypal.. how come?!
February 27th, 2008 at 5:00 pm
i opened a BDO atm account last week. i decided to use it instead of EON. i think BDO have a better customer and banking facility.
February 29th, 2008 at 11:26 am
@ ayie: Same thing happened to me, I used my BDO Int’l ATM PayPass. It says Debit card sya. When I entered my info there (Also verified my address on my savings account), here’s what I got after entering my Debit card (ATM card w/ master card logo):
“This credit card has been denied by the bank that issued your credit card. For details on why your card was denied, please contact your credit card issuer’s customer service department. Or, you may want to try adding a different credit card.”
Can you help me on this? Do i need to sign on BDO Online Banking service to withdraw my money on paypal? Thanks
February 29th, 2008 at 11:44 am
@Ayie… i tried using the international BDO ATM card before on verification, at denied rin ako. So, I just used my HSBC credit card for verification. After getting verified, you can already withdraw your Paypal funds on any local banks in the Philippines. Just use the correct bank code.
@Jhun… you need to first verify your Paypal account. BDO ATM card is denied. You can use other option such as Visa credit cards, or the EON debit card. After verifying, you can already withdraw your funds to any bank accounts. It’s not necessary to sign in to BDO Online Banking. It’s just easier to track when you have online banking
February 29th, 2008 at 1:27 pm
@marhgil : that’s what im trying to do, to get verified but it leads me into the registration of debit/credit cards. What if I dont have other cards? Do I really need a CC for this? I thought this BDO ATM Paypass is a Debit card, bakit na ayaw pa?
February 29th, 2008 at 1:49 pm
@Jhun… I don’t know kung bakit ayaw tanggapin yung BDO ATM Paypass. So far, sa mga nagverify, they either use Visa credit cards or the EON debit card. If you don’t have CC, the EON debit card is the option, 350 lang daw ang annual fee.
February 29th, 2008 at 2:01 pm
EON debit card? where can I avail one? is that a union bank account? thanks
February 29th, 2008 at 2:40 pm
@Jhun… yup, that’s from Union Bank.
February 29th, 2008 at 3:21 pm
another noob question at Paypal: In adding debet/credit cards, It has the Firstname & Lastname fields, so I entered my Firstname (e.g. Juan) and Lastname (e.g. Cruz), WHERE should I put my Middle Initial? sa bank account ko kc nakalagay yung complete name ko (e.g. Juan X. Cruz). Diba dapat same name ang Paypal at Bank account? thank you for the prompt reply.
February 29th, 2008 at 4:39 pm
@Jhun… you don’t have to put your middle initial, just make sure that your First and Last name are accurate. Yung BDO bank account ko, may middle initial din yung account name (see above screen shot), pero wala namang naging problema sa transaction ko.
February 29th, 2008 at 5:47 pm
@Marhgil: Thank you very much for that info. Anyway, I might apply na lang for
Unionbank’s EON Visa Electron
https://www.unionbankph.com/content.asp?paramID=AMZZZZZZZZ
Yan po yung EON debit card nila diba? Ayaw ko na kasing mag credit-card eh.
Thanks again
March 13th, 2008 at 11:41 pm
It’s already 13 days since my paypal withdrawal and up to now I still haven’t received the money in my local bank which is BDO. I’m a bit worried cause it’s 300$. Can someone tell me what to do with regards to my paypal withdrawal?
March 18th, 2008 at 1:50 am
(muzta na po kuya marhgil…)
i withdrawn just $30 on this day (march 18, 2008)… it says that i have to wait 5-7 days for processing… i cant wait to see how it works…
by the way… i used my RCBC Saving Account there…
March 23rd, 2008 at 11:59 am
Hello Marhgil, Good day!
Ask lang po ako… in adding a bank account, yung account number ba i-input is the 16-digit number found in front of my BDO ATM Card? Or the actual Account Number given by the bank which is only 10 digits? Medjo nalilito lang ako, nakalagay kasi dun sa Account Number input box is 1-16 digits… ’sensya na…
Thanks in advance!
March 23rd, 2008 at 12:28 pm
@Ferdinand… you can contact BDO for status. kung wala pa rin, try following it up on paypal.
@Grace… use the actual Account Number given by the bank, the 10-digit account number. yung 16 digit number kasi is just your atm card number.
March 26th, 2008 at 9:04 pm
hi po.. paano bayang mag withdraw nang money sa paypal going to your bank account sa BDO, eto kasi eh.yong nan doon na ako sa withdraw form page nang paypal tapos enter ko po yong money na e withdraw ko. tapos after noon. ni redirect ako doon sa “Add Credit or Debit Card” tapos may warning message na “You need to enter the 4-digit Paypal code form your debit or credit card statement before you can withdraw funds to your bank account.” ano ba to.. it means hindi pa na process ang withdrawal ko.
Need talaga ko ung help nyo..
Thanx.
March 28th, 2008 at 9:12 am
at last, I got verified na, thanks to EON cyberaccount, nakakuha ako ng debit card so hindi na ko kailangang gumamit ng CC at dito na din mismo sa EON ako magwiwithdraw. na charge ako ng P50.
here’s my ‘test’ transaction.
http://aycu05.webshots.com/image/49364/2003849447507905856_fs.jpg
@Carmelo Roda: you need to get the 4 digit expanded use code from your debit/cc statement. in my EON account, I just called the customer service after my application (almost 1 week [holy week]) and successfully got verified.
March 29th, 2008 at 12:16 am
@Carmelo Roda… tama si Jhun. before you can withdraw your money, you need to be a verified member first. And you can only be verified if you submit your credit card or debit card. Then, they will debit $1.95 from your card as a sample transaction, then, you’ll have to wait for your credit card bill, andun na nakasulat yung 4 digit Paypal code na kailangan mong input to verify your account. After that, since verified ka na, you can already withdraw to any local bank accounts you have, as long as sa iyo nakapangalan yung bank account. hope it’s clear now.
@Jhun… congrats! and good luck on your test transaction. Mine took 5 days,ilang days kaya yang sa iyo bago macredit? abangan.
April 1st, 2008 at 5:43 pm
Thank you, Jhun & Marhgil
ok; i will just wait my bill to come and check my paypal code.
April 1st, 2008 at 7:40 pm
gagamitin ko nlng yong CC ko sa HSBC; kasi debit card yong nasa BDO ko tapos hindi pa activated yong feature na mag send/recieve money nang BDO sa paypal.
April 2nd, 2008 at 8:19 am
@Marhgil: I got credited yesterday (April 1)
April 6th, 2008 at 10:10 pm
kelangan po ba ng atm card sa unionbank para makapag-apply dun sa eon cyberaccount? sa BDO kasi ang account ko. student lng kasi ako kaya hindi ko kayang mag-open ng savings account with unionbank. Php10,000 kasi ang initial deposit dapat.
April 10th, 2008 at 8:47 pm
@Marhgil and @Jhun i just get me paypal code and now my paypal account is verified hoping it will be credited to my BDO account within this week.
thanx all
April 11th, 2008 at 8:43 am
@ jo: Applied my EON online and got my card after a week, no other requirements except for the IDs and a little amount. i deposited 1k and paid annual fee for less than 500.
April 14th, 2008 at 10:06 pm
thank you jhun. is there any other debit card accepted by paypal?
April 17th, 2008 at 8:26 pm
hey @Marhgil and @Jhun i’ve just yesterday april 16 my paypal money was credited to my saving account in BDO. heheehe im so happy. indeed, it calms me down.
April 18th, 2008 at 5:05 pm
Guys, I’m new here sa paypal transactions…. I need to withdraw money to my BDO account. Does this mean that before that, verification muna? As in i-enter muna credit card information? LIke if my HSBC Visa ako, pero sa BDO ako magwiwithdraw? Tama ba?
Help please…
April 18th, 2008 at 5:06 pm
Guys, I’m new to using paypal. I have an HSBC Visa then yun ang gagamitin ko to verify my account right? Then is it OK to withdraw my paypal money from my BDO account?
Tama po ba?
April 18th, 2008 at 7:02 pm
uu.. tama Oink. dapat muna ma verified yong paypal account mo before ka maka withdraw sa bank account mo sa BDO. same sa akin., yong credit card ko sa HSBC ang ginamit ko, para ma verified yong account ko sa paypal tapos; follow mo lang yong process. after mo verified ka, doon pwede kanang mag withdraw sa BDO mo.
April 19th, 2008 at 4:51 am
Thanks Carmelo Roda! What about EON..I’m thinking about applying.. does it take long? And which one po yung cyberaccount or yung VIsa Electron? Wala ako alam sa online banking…>__< basta what I hope to do is to withdraw money from paypal as soon as possible… mas mabilis yung EON right kesa kung mag-HSBC pa ko?
what you think po?
April 22nd, 2008 at 7:36 pm
I dont know kasi about EON, Please just ask @jhun.
April 24th, 2008 at 7:20 pm
can somebody help me?
i am opening a paypal account today and im now adding my bdo atm debit card.. i was linking the card but got an error message when i inputed my 10digit passbook number rather than the ATM card number..i used the 10 digit because i read above that i should use the 10 digit number on the passbook as posted my marhgil..so do i rather input the 16digit ATM number??รถ
April 24th, 2008 at 8:02 pm
@jhun how exactly is the”little” amount you gave for the EON card to be open?is there a maintaining balance? i recently applied online para magamit ko pang link sa paypal to my bdo account..
May 7th, 2008 at 10:39 pm
Hi! I have joined paypal just today. As for my source of funds I want my BDO account. Pwede ba gamitin yung atm card ko which is a debit card din daw? What will i put in a card number and the last 3 digits number pa daw. I want to use paypal to pay online in a site that I want to join. Please I’m so confuse. Reply naman kayo.
May 12th, 2008 at 9:58 am
@celina
same here gusto ko rin mag ka paypal account kaso denied daw..
sana may maka tulong.
imbanking with BDO
May 13th, 2008 at 8:11 pm
magkano po ba ang pag papaopen ng account sa banco de oro..
15 yrs old lang po akoh..
gusto koh po kasi gumamit ng paypal eh..
rply po kgad kau pls..
May 13th, 2008 at 8:13 pm
ano po ba ang pdeng bank na gumamit ng paypal??
May 29th, 2008 at 10:45 pm
Read niyo from top guys.. Nasagot na mga tanong niyo from other’s comments.
June 10th, 2008 at 11:16 pm
Just wanna ask kung ano mangyayari pag ang nagamit mo sa portion ng Bank Account is yung card number? Nagwithdraw kasi ako sa paypal ko eh yung card number in-front ng BDO ang nailagay ko.. Ibabalik ba sa akin yun? 3 days na kasing pending ang status nung transaction ko
June 13th, 2008 at 10:05 pm
@scout… i think, ibabalik nila yun, but they will deduct Php 250 as a fine.
June 20th, 2008 at 11:05 am
Tanong ko lang po kung pwede kong gamitin yung BDO Smateller ATM para mag- withdraw sa paypal?
June 26th, 2008 at 9:12 pm
Tumawag ako sa BDO ngayon lang, tapos ang sabi sakin hindi daw advisable na gamitin ang BDO sa paypal, marami daw tumatawag na nagkakaproblema sa transaction…….
Nasa sakin daw kung gusto ko i-add BDO bank acct ko sa paypal. =(
Unionbank lang talaga walang problema?
June 29th, 2008 at 11:48 am
why can’t i link my BDO atm card to paypal? im so desperate now after those few attempts…
July 1st, 2008 at 5:03 am
hello admin,
please answer my question po, newbie palang ako sa paypal la pang kaalam alam peru balak ko sana dun sa paypal nalang ipapadala ang pera ko, question is can i withdraw on paypal without verifying my credit card? wala akong credit card eh at metrobank gamit ko. pede po email me or just add me sa ym kung meron man montir_guy@yahoo.com pls pls lang po salamat po.
July 2nd, 2008 at 12:06 pm
hi, i am just wondering, does the bdo account needs to be verified first by PAypal before you can withdraw??
any idea on that?? thanks
July 3rd, 2008 at 12:46 pm
Maveverify ko po ha ung Paypal ko if i use my BDO Debit Card with MasterCard Logo???
Anyone Try this???
PLs Reply!!
July 3rd, 2008 at 3:36 pm
same question kay Jason… BDO ATM Debit Card with MasterCard Logo…. anybody help plz!! Anong BDO ATM cards ba gamit nyo?
July 8th, 2008 at 4:22 am
nagapply na ako ng EON card sa union bank pero one month na ala parin, so parang gusto kung itry ang BDO. ano po ba ang kailangan kung applayan sa bdo, is it credit card? atm? or bank account talaga? pag personal bank account how much is the minimum do i need to deposit?
thanks in advance!
July 9th, 2008 at 10:48 pm
elow po,ask ko lang po,pano po sa mga batang katulad ko na di pa pwedeng kumuha ng credit card for verification of account ng paypal, yung tungkol po sa eon,is it a credit card?,if not pano po ako makakapag withdraw using that card?, and ano po requirements for that card when applying? thanks po sa reply,
August 1st, 2008 at 6:56 am
I tried that one kanina pero dahil la pa ko debit or credit card that are linked to paypal di ko pa din nagawa:(
I only have BDO Debit card and I thought I can used that on paypal pero di pala accepted un.. I think I need to open another account on unionbank o kaya sa other bank..
August 3rd, 2008 at 10:22 am
My Paypal account is activated. It took me 10 days to be exact.
This is what you do:
1. Apply for a CyberEon account to your nearest Union Bank branch. Apply personally because their online application is not working. Bring 2 valid I.Ds.
2. After getting you EON card (one week after your application), pay 350 for annual fee and deposit additional 100 (or 1.95USD) to Unionbank. The 100.00 deposit is for Paypal’s verification fee which will be returned once your Paypal code has been given to you.
3. Your EON card will be activated 24 hours after you personally get it from your bank. After it is activated, link your EON card to Paypal account. The CCV code is the last three numbers on the back of your card.
4. Check after two or three days if there was a deduction of 89.00+ to your account. Go your nearest ATM. If there is a deduction, it means that your Paypal code is already ready.
5. Call 84-186 or 8418600 and ask a Customer Service for your Expanded Use Number (or in short, your Paypal code).
6. Enter the EXPUSE code on your paypal account. A few seconds later, your Paypal is now verified. You can now withdraw funds to your bank account.
Reminders:
1. Do not use other debit cards because I think UnionBank is the only debit card authorized by paypal. if you don’t want to go through the hassle of applying for CyberEon account, you can use your credit cards with Mastercard or Visa logos.on.
2. Before you link your card to Paypal, make sure that your account is already activated.
Just be patient. Nakakainip pero once you follow the steps I mentioned, smooth naman ang transaction.
August 15th, 2008 at 12:14 pm
@Reservoir Dogs: Thanks so much. This is the clearest set of instructions (plus the most recent) that I’ve read on the matter.
I’m up for claiming my eon card later. Malinaw na ang lahat.
Thankshu Thankshu!
August 20th, 2008 at 12:39 am
Yes, You can certainly Withdraw from PAYPAL to BDO….But what bdo says is that it is not an official transaction that they can trace in case your Paypal money does not reach your BDO account.
SO NOBODY can REALLY help you from BDO if your MONEY does not REACH YOU!!!!
Read more here: http://born2freelance.wordpress.com/2008/08/18/does-paypal-money-go-to-bdo-account/
September 3rd, 2008 at 7:32 am
Ok guys and gals thanks for all the answers and questions. I will just open a Paypal account and my question is (very important to me), which is better re PAYPAL, BDO or Union Bank?
Please do answer, I will appreciate it highly.
Thanks,
PAYPALWANABI
September 23rd, 2008 at 11:33 am
whose currency converter would apply to withdrawals? paypal’s or banco de oro’s? i think there’s a big difference between the two converters.
September 30th, 2008 at 4:17 pm
Hi! am a new user.. i have a bed and breakfast and i made a website to promote it online.. and i read that paypal is the best way to use for a merchant, I want to have an online payment for my reservation.. Does anyone here know what is the requirements of paypal here in the philippines? i never use paypal that’ s why i don’t have any idea about it.. thanks hope someone could help me thanks..
October 17th, 2008 at 2:01 pm
hi ,
Kapag nagtransfer ako ng money to my bank, automatic na sya magcoconvert sa peso?
Sa metrobank. thanks.
October 22nd, 2008 at 8:39 pm
i wasnt planning to have a BDO account at all, kaso, na-gobble up ang equitable-pci, so no choice ako… unfortunately, my credit card is a BDO, kaya, eto, mahigit isantaon nang nakakulong sa paypal ang online payments ko. any advice shortcut to withdraw? thanks
October 24th, 2008 at 4:18 pm
I just called up BDO today and they said they have been encountering a lot of problems with PayPal transactions and complaint from customers. They said they don’t have an official tie up with PayPal.
With that information, I think it is up to you if you want to risk your money.
As for me, I’ll try to find more information as to the best way to withdraw fund from PayPal.
Good luck to everyone!
October 24th, 2008 at 4:21 pm
I never had a problem withdrawing my money from Paypal to BDO. Already withdrew several times without hassles.
October 24th, 2008 at 11:57 pm
me too.. never had any prob on BDo
October 28th, 2008 at 9:37 am
Have you guys tried withdrawing from PayPal to RCBC??? Been using RCBC for the last 3 months to withdraw my salary from that my employer sends to my PayPalk account and to tell you honestly… it is faster! It just took 3 days!
November 5th, 2008 at 10:21 pm
to all those people asking questions, just read the comments above. most of the questions has been answered already.
November 11th, 2008 at 9:46 pm
hello, i would just like to ask, can i send money even if i’m not yet verified by paypal?
i already added a fund,my bank account, and it was accepted..
i’ll buy things online, can i pay it with paypal because i’m not yet verified..
thanks!
November 21st, 2008 at 1:38 pm
i plan to make a blog post about this if i can have a successful transaction as well. i am still looking for other blog posts if they have experience doing this if their bdo account is a dollar account. would the same transfer fee be charged to you? and does it work with dollar accounts?
November 26th, 2008 at 5:41 am
Gud am.meron lang akung itanong .mero akung Paypal cheque from US account saan ko dapat ipapalit ito?please reply me asap..thanks.