Wednesday, August 17, 2011

HOW TO WITHDRAW YOUR MONEY FROM PAYPAL ACCOUNT

I was lucky enough for my first withdrawal from my paypal account it took me 3 days to withdraw my money. I read a lot of blogs on how to withdraw money from paypal since this is my first time to use paypal as my remittance coming from canada. Others experienced delay in getting their money from their paypal account. Here's the simple steps to follow step by step. My one secret is use your bank account to withdraw your money not your credit card. It is the easiest way withdrawing your money bank to bank rather than bank to credit card company. Experience wise.

Here's the simple steps to follow to withdraw money from your pay pal account. I will include also the list of 9 digit code of Major in the Philippines that you will need in withdrawing your money.


1. Click the withdraw tab options you can see this window



Take note just choose option number 1 withdraw funds to your bank account instead of withdraw funds from my credit card since it takes longer when withdrawing money for your credit card.

2. To withdraw funds from bank account you must add a bank account to your paypal . you can see this window



You must provide the information that needed like country, name on account, bank name, bank code and account number.

LIST OF 9 DIGIT CODE OF MAJOR BANK IN THE PHILIPPINES
List of Bank 9 Digit Code
ALLIED BANKING CORP 10320013
AUSTRALIA NEW ZEALAND 10700015
ASIA UNITED BANK 11020011
BANGKO SENTRAL NG PILIPINAS 10030015
BANGKOK BANK 10670019
BANK OF AMERICA 10120019
BANK OF CHINA 11140014
BANK OF TOKYO 10460012
BANCO DE ORO (& EPCIB) 10530667
BANK OF COMMERCE 10440016
BANK OF THE PHIL ISLANDS 10040018
CHINA BANKING CORP 10100013
CHINA TRUST COMML BANK 10690015
CITIBANK N.A. 10070017
DEVT BANK OF THE PHILS 10590018
DEUTSCHE BANK 10650013
EAST WEST BANK 10620014
EXPORT & INDUSTRY BANK 10860010
FUJI BANK 10640010
HONGKONG AND SHANGHAI BANK 10060014
INTL COMML BANK OF CHINA 10560019
INTL EXCHANGE BANK 10680012
JP MORGAN CHASE BANK 10720011
KOREA EXCHANGE BANK 10710018
INTL NEDERLAND BANK 10660016
LAND BANK OF THE PHILS 10350025
MAYBANK OF THE PHILS 10220016
METROPOLITAN BANK & TRUST CO 10269996
PHIL BANK OF COMMUNICATION 10110016
PHIL TRUST COMPANY 10090039
PHIL NATIONAL BANK 10080010
PRUDENTIAL BANK 10150018
PHIL VETERANS BANK 10330016
RIZAL COMML BANKING CORP 10280014
SECURITY BANK & TRUST CO 10140015
STANDARD CHARTERED BANK 10050011
UNITED COCONUT PLANTERS BANK 10299995
UNION BANK OF THE PHILS 10419995
UNITED OVERSEAS BANK 10270189

3. click continue to get successful adding your bank account to your pay pal account.

4. After successfully adding your bank account you may now withdraw your money from paypal. Take note you need the 4 digit code send by paypal when you got verified or the expuse code. You cant withdraw money if you dont receive the 4 digit code from paypal. The 9 digit code of the bank needed for clearing when transferring the money to your bank. It is bank to bank transaction. Goodluck to your withdrawal from paypal.

I got my first withdrawal from paypal within 3 business days. My second time took 4 days. I guess it depends on the person in charge who handle the bank remittance. Thanks for reading my blog.

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