To those who take out money from Paypal to any Philippine bank, you may find this post useful. Withdrawing money from Paypal to UnionBank EON CyberAccount debit card is cheaper than using different bank accounts. Other bank charges Php200 to Php250 per transfer.
Step1: Login to your Paypal account
Click” My account” tab and then “Withdraw” sub tab
Step2: Select the “Withdraw funds to your bank account" option
Step 3: Select the bank account and amount to withdraw
Step4: Confirm the transfer
It typically takes 5-7 banking days but UnionBank credits it upon receipt from PCHC via EPCS.
Minimum withdrawal amount:
Minimum withdrawal limit for US Dollars is $10.00. But it depends on the currency which you want to withdraw.
Fees when withdrawing funds from yourPaypal account:
| Options | Processing Time | Cost |
| Withdraw funds to your bank account | UnionBank account 5- 7 working days | Free for 7,000 PHP or more P50.00 for 6,999.99 or less |
| Transfer funds to your card | 4 working days | $5.00 USD (VISA exchange rate for the day of withdrawal request) |
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