
This is good news to fellow Pinoy bloggers. You have read the title right, folks! We can now withdraw money from Paypal through any Philippine Banks! You can now link your paypal account to any local bank and the transaction would be cleared within 5-7 days. Yehey!!!
Opps, before you rush logging in to your paypal accounts, have the following info first: 9-digit bank codes and your bank account number. Plus you’ve got to make sure that your bank account name matches your paypal account (obviously!). Withdrawals of 7,000 pesos up are free, but you just have to pay 50pesos for withdrawals below that.

Wondering what’s your local bank code? Fellow blogger PINOYMONEYTALK is kind enough to list down the bank codes of Philippine banks available so far (Thanks, bro!). So here are the bank codes:

Sigh, I only have Banco De Oro account and they haven’t released a bank code yet! I tried using the swift code they provide, BNORPHMM, but paypal won’t accept this! Hopefully BDO will do something about this soon! But hey, at least this paypal development is great!!! For sure lots of Pinoy bloggers are happy!!! 