Are you a PayPal account holder who wish to transfer your PayPal funds into your local banks in the Philippines but don’t know the corresponding PayPal codes?
PayPal is a popular online peer-to-peer payment system as it allows the transfer of money between people and businesses. For example, you can use PayPal as payment for goods sold over the Internet such as eBay, Marks & Spencer, and Lazada. Likewise for online services like Uber and AirBnB, PayPal is an accepted method of payment.
Payment is flexible as it doesn’t require someone to have a PayPal account to send money to someone with a PayPal account; they can use their credit cards. No wonder thousands of merchants use PayPal to accept them. Freelancers also make use of the flexibility of PayPal to receive payments from freelancing portals (PDF) like Upwork, Fiverr, Elance and 99Designs.
If you are a freelancer outsourcing your services or a small business owner selling goods online, you may be getting paid via PayPal. At some point you also want to withdraw your money from your PayPal account into your own personal bank account. Transferring money from PayPal to a personal bank account is easy but also requires specific PayPal codes you need to fill out before successfully making the transfer.
To process this transaction, you need a PayPal account in the Philippines.
- Log in to PayPal
- Go to Wallet > Link a bank account
- Enter the Bank Name, Bank Code, and Account Number
Note: Double check all the information you entered and ensure it is accurate. PayPal will charge you P250 return fee if you will withdraw using an invalid bank account information.
|Bank Name||PayPal Bank Code|
|ALLIED BANKING CORP||10320013|
|ASIA UNITED BANK||11020011|
|BANGKO SENTRAL NG PILIPINAS||10030015|
|BANCO DE ORO (& EPCIB)||10530667|
|BANK OF COMMERCE||10440016|
|BANK OF THE PHIL ISLANDS (BPI)||10040018|
|CHINA BANKING CORP||10100013|
|CHINA TRUST COMML BANK||10690015|
|DEVT BANK OF THE PHILS||10590018|
|EAST WEST BANK||10620014|
|EXPORT & INDUSTRY BANK||10860010|
|HONGKONG AND SHANGHAI BANK (HSBC)||10060014|
|JP MORGAN CHASE BANK||10720011|
|LANDBANK OF THE PHILS||10350025|
|MAYBANK OF THE PHILS||10220016|
|PHIL BANK OF COMMUNICATION||10110016|
|PHIL TRUST COMPANY||10090039|
|PHIL NATIONAL BANK (PNB)||10080010|
|PHIL VETERANS BANK||10330016|
|SECURITY BANK & TRUST CO||10140015|
|STANDARD CHARTERED BANK||10050011|
|UNITED COCONUT PLANTERS BANK||10299995|
|UNION BANK OF THE PHILS||10419995|
|UNITED OVERSEAS BANK||10270189|
This step is typically a one-off effort and should be pretty straightforward. If you have questions or corrections, feel free to add them in the comments section.