Withdrawing Paypal Funds: Should I Choose “Withdraw to Bank” or “Withdraw to Card”?
This is one of the questions that is often asked by those who are new to withdrawing funds from Paypal. Both are effective ways to take out those funds, but one of them is better.
“Withdraw to card” versus “withdraw to bank” Paypal options
I never tried the “withdraw to card” option given by Paypal, although I’ve seen a lot of others who were able to do that successfully. But I always notice that this method is always more expensive and takes more time to get into one’s account. One needs to pay $5 for every “withdraw to card” option in Paypal and it takes a longer time to get those funds in (I usually see people getting those funds 5 to 7 days). I blame Unionbank for publishing this instruction in their website:
I’ve always wondered why Unionbank had instructed people to use the “withdraw to card” option. At countless times, I had always used “withdraw to bank” option which is always cheaper and faster. I always get those funds in the bank account in just three business days (based on US holidays). So far, I never got problems with that.
How cheap does “withdraw to bank” option go? The fees are listed at the right hand column.
This option does not only work on Unionbank EON bank accounts but to any other Philippine bank accounts as well. I still prefer having those funds into my Unionbank EON bank account because I don’t get any incoming fund charges - I get the full amount out from Paypal.
Here’s to illustrate one successful withdrawal I had last year for a small amount. I only got a P50 deduction out from Paypal.
Funds come into my Unionbank EON account in just 3 days without any extra charges.
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Tagged with: Paypal • Unionbank
Filed under: claim money online



































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Thanks for this one Gem. this is very useful.
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I am about to rewrite those old posts about Paypal. Tamang tama lang ang concerns mo. Here’s the link and hope it will help you too: http://www.theladyprogrammer.com/one-stop-odesk-corner/
nice post gem…i may bookmark this for future reference.
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Thanks! I plan to rewrite old posts about Paypal, dami ko ng experience dito. That’s the series that I would like to have. For the meantime, eto muna: Getting Paid
thanx gem for this post c: very helpful ito samin ngayon c: nadebit tuloy kmi kainis nga e, a week or so pa daw makukuha :c thanx for this mare c:
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Thanks. Do tell me kung effective. oo kung may problem ang transfer babalik rin sa Paypal yun, pero may bawas
buti ka pa you can withdraw from your unionbank account.. sus ako twice or thrice na yta na hindi pumasok sa account ko yung winithdraw ko and nabalik sa paypal, pero may returned fee na 250php… bad trip maxado… ginawa ko i added a new bank accnt nlng buti pa dun na-ok but may fee lang…
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Sayang naman. I’ve asked Metrobank, wala rin daw silang receiving charges. Baka gusto mo subukan to save more.
Is it safe to give personal info on my unionbank account even if the email came from their customer service?
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Thanks for asking. I prefer to call their customer service than calling them. Still safer that way than doing that through email. I’ve noticed that Unionbank has their own built-in email system which is not even connected to your email, but I’m more comfortable calling Unionbank support.
nice info. ill keep this in mind. eh pano naman kung gusto mong maglagay ng laman sa paypal?
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There are several ways - that I know:
- one is to use it to collect payment from different sites. Kumikita ka naman from paid reviews di ba?
- another is to have another Paypal user send you funds, that’s through Paypal balance.
- another is when another person wants to send you payment through credit card.
- some people were able to use their credit or debit cards as secondary payment, in case those Paypal funds run out, Paypal gets your funds from your linked credit or debit card.
- if you want to add funds yourself, have a bank account in the US (which is only possible if you are a resident in the US).
yeah what im interested in is how you can put money yourself. kasi minsan ako pinapabayad ng friends ko ng online purchases eh pero gusto ko bayaran na lang nila ako sa paypal. hindi pala pwede pag walang account sa US.
thanks!
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I see. I had the second option mentioned - by credit card. Gamitin mo ang premium Paypal account to collect credit card payments para mas mababa ang fees at unlimited ang pagcollect ng payments.
Yes, you can put funds in your Paypal account using your credit card. Also, get a premier or better, business account as there is no fee when you transfer funds to other paypal accounts.
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I always use my Paypal Debit card to get my money out instantly. If you don’t have one, you can get one for free.
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True. I tried to get one Paypal debit card, but unfortunately, it not yet offered in my location (Philippines).
yung first time ko pa, i opted for withdrawal from paypal to bank. mas matagal nga, and it costs $5 which is far more greater than PHP50 na payment sa withdrawal from paypal to card.
question lang po, diba may annual fee na PHP350? do i need to go to the bank or will they immediately get payment from my account (provided na may laman ang account ko)?
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I don’t know how Unionbank wants to get that P350 annual charge. I think you have to pay that yourself (not sure on this one).
@The Work From Home Mother, Paypal Debit card is only for users living in the USA.
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Sana offered na rin sa atin. It would have been another option available. I don’t really like having few options to withdraw payments online. Local banks have not kept up with these payment options.
Yes, it would be nice if Paypal Debit card is made available for non-US users. There would be no waiting time, when the money comes into your Paypal account you can withdraw it from anyATM. I hope this year this option would be available for us.
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Hi Gem,
Thank you so much for this info. Some bloggers are wasting money for the bank charges.
Happy New Year!
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Whatever fund that I have in my PayPal account, I transfer to my girlfriend’s account and she just withdraws it using her Unionbank Eon card.
It’s a very useful card, very useful for our blogging earnings.
Hehehe…
Have a nice day, Gem! It’s so nice to see you blogging again.
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Hi Gem,
Question kasi this will be my first time to add Unionbank EON to my Paypal, and you suggested to add it as a Bank account is that right? I need your help kasi there are two numbers in the card, the other card number and another number at the lower left portion of the card. Is that the account number? The girl from Unionbank ATC Branch didn’t explain to me. Thanks in advance. By the way, your post is very informative.
Hey Anna! The account number is the 12-digit number located below the account name. The card number is the 16-digit number prominently displayed at the center of the card. Thanks for asking.
this is a good post..andami kong nalaman
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Thanks Gem!
you can withdraw from almost any bank for PhP7,000 up without any charges.
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I am using Credit card since that is the only option I have
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up to now wala pa ako na wiwithdraw sa paypal.. simply wala akong kita.. sana nga.. mag earn na ako.. haikz..
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Hi there, is it possible to use BPO?
This is interesting, I always wonder how bloggers from the Philippines are being paid. I used to withdraw by check and then I opened a separate bank account for paid blogging purposes.
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Hi Gem, thanks for the informative posts. I am about to try the paypal-Unionbank duo instead of using my payoneer card (wanna say goodbye to all the charges!)
Question ko is I read sa site ng unionbank na $500 ung limit for each paypal transaction. What should I do if I need to withdraw over $500? say $2000? Is it possible to break it down to 4 x $500 then sabay sabay i-cash out sa bank? Just applied for my EON card today and will get it next week.
Thanks in advance!
Hi Angela,
If you have to withdraw more than $500 then you need to upgrade your account to a premium (or business) Paypal account. Or just withdraw $500 daily (I’m not sure if that’s possible). You can just pool the funds at your Unionbank account together and make a big withdrawal.
Yun lang, if you had upgraded your account to premium, there some fee that’s taken away from those amounts that you receive.
thanks Gem! I hope that withdrawing daily idea would work, ayoko namang magupgrade to premium account.
more power to your blog!
I hope it will. Daily naman eh. Let me know if that worked out for you. Thanks.
Wow, I didn’t know that withdrawing to bank account is faster and cheaper than withdrawing to my debit card (until now). Thanks for the tip!
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Hi Luis! You’re welcome!
hindi ko alam na puedeng withdraw to bank account ang eon!!!! kainis!!! kc yung eon, nde sya puedeng magka passbook, card lang talaga sya. so i thought na card lang talaga.
maybe i would withdraw my funds on my China Bank account hehehe try ko =)
thanks for this info. dami ko natututunan syo
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Try mo, pero di ko alam kung may incoming charges ito. It is a good idea to ask how much incoming EFT charges cost.
Hi Gem.Thanks to your blog.I will appreciate it if you can tell me briefly the procedure in withdrawing funds from my paypal account.I will get my Eon card tomorrow.
Thank you for this very helpful post. Now I choose the withdraw to bank account method because it is cheaper than paying the 5$ card method. Btw, the unionbank website has updated their paypal guide and they included the withdraw to bank account method.
Kudos to you.
Thanks Gem, this is very informative especially for newbies like me in Paypal. By the way, I have a business account in paypal, I was wondering where I can find the complete listing of Bank Codes na pede ko gamitin to link my local bank account to paypal. I’ve tried calling BDO, BPI and Metrobank, wala sila mabigay na bank code because they don’t know it daw and worst of all hindi pa dw nila naririnig ung papay? ridiculous… anyway, hope you can give the the bank code for BDO, BPI, Metrobank or Union Bank. I badly need it kasi sa small business namin.
Thanks in Advance,
Adrion