Withdraw PayPal Funds To Your Bank Account

Procedure for Withdrawing Payments from your Paypal Balance to your UnionBank bank account

1. Once the payment has reflected in your Paypal balance, you can transfer the funds to your UnionBank bank account by using the "Withdraw to Bank Account" feature. You will need your UnionBank account number (12 digits) and the UnionBank bank code (010419995).

2. The transfer to your UnionBank bank account will be completed within 2 to 4 banking days from the date of your withdrawal request. A status report of your withdrawal request is reflected in your Account Overview screen. There is a P50 charge for withdrawals P6,999 and below. Withdrawals P7,000 and above will not be charged a fee.

3. Your funds will be converted to the peso equivalent using the VISA Exchange rate for the day of the withdrawal request.

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” -See fees involved-

Step 3: Select the bank account and amount to withdraw

Step4: Confirm the transfer

This withdrawal will take 2-4 business days, depending on your bank's policies and holiday schedule.

Note: If your bank information is incorrect, your withdrawal will be returned and a fee will be charged. See the fees table. Additional bank fees may apply. Please contact your bank directly regarding additional fees.

PayPal Exchange Rate

PayPal Currency Exchange Rate As Of January 12, 2012

Currency exchange for:

Currency	Rate
1 U.S.Dollar	0.946478  AUD
1 U.S.Dollar	0.635817  GBP
1 U.S.Dollar	0.993494 CAD
1 U.S.Dollar	1.22606  NZD
1 U.S.Dollar	1.25937  SGD
1 U.S.Dollar	13.2975 MXN
1 U.S.Dollar	7.56978  HKD
1 U.S.Dollar	42.94  PHP

 

How To Get a PayPal Account?

How To Get a PayPal Account

It's easy to get a PayPal account. From the PayPal account registration page, select Personal or Business Account, then choose the country you live in. Next, on the PayPal Account Sign Up page, enter your information, then click Sign Up.

A PayPal Personal Account is the right choice if you're a buyer:

* Shop securely on merchant websites and eBay
* Make purchases with your credit card, debit card, or bank account
* Send money to friends, family, or anyone with an email address
* Receive money through bank account payments 

A PayPal Premier Account is the right choice if you're a buyer and a seller:

* Accept credit card, debit card, and bank account payments for low fees
* Use any of PayPal's tools (including Shopping Cart) for free
* Shop securely on merchant websites and eBay
* Make purchases with your credit card, debit card, or bank account
* Send money to friends, family, or anyone with an email address

Note: To sign up for a PayPal Premier Account, you must register for a Personal Account. During sign-up, you'll be asked if you want a Premier Account. 

A PayPal Business Account is the right choice if you're selling as a business: 

* Send and receive money as the name of your business
* Accept credit card, debit card, and bank account payments for low fees
* Use any of PayPal's tools (including Shopping Cart) for free
* Shop securely on merchant websites and eBay
* Make purchases with your credit card, debit card, or bank account
* Send money to friends, family, or anyone with an email address 

PayPal allows members to have one Personal account and one Premier or Business account. However, each PayPal account must contain a unique email address, bank account, and credit card.


To sign up or learn more, click here: