If you already have a PayPal account in the Philippines and you want to withdraw funds to your local bank but don't know how. Here are the steps on how to withdraw funds from PayPal.
First, log in to PayPal, go to My Account > Profile > Add/Edit Bank Account then put the Bank Name, Bank Code, and Account Number. Second, go to My Account > Withdraw > under options click Withdraw funds to your bank account, put the amount you want to withdraw and choose your local bank account and you're done (find below your corresponding local bank code).
Note: The name on your PayPal account must match the name on your bank account, otherwise funds won't go thru.
UPDATED Complete List of Bank in the Philippines (with Paypal Bank Codes) Accredited by PayPal
| Bank Name | Bank Code |
|---|---|
| ALLIED BANKING CORP | 010320013 |
| ASIA UNITED BANK | 011020011 |
| BANGKO SENTRAL NG PILIPINAS | 010030015 |
| BANCO DE ORO (& EPCIB) | 010530667 |
| BANK OF COMMERCE | 010440016 |
| BANK OF THE PHIL ISLANDS (BPI) | 010040018 |
| CHINA BANKING CORP | 010100013 |
| CHINA TRUST COMML BANK | 010690015 |
| CITIBANK N.A. | 010070017 |
| DEVT BANK OF THE PHILS | 010590018 |
| EAST WEST BANK | 010620014 |
| EXPORT & INDUSTRY BANK | 010860010 |
| LANDBANK OF THE PHILS | 010350025 |
| MAYBANK OF THE PHILS | 010220016 |
| METROBANK | 010269996 |
| PHIL BANK OF COMMUNICATION | 010110016 |
| PHIL TRUST COMPANY | 010090039 |
| PHIL NATIONAL BANK (PNB) | 010080010 |
| PRUDENTIAL BANK | 010150018 |
| PHIL VETERANS BANK | 010330016 |
| SECURITY BANK & TRUST CO | 010140015 |
| STANDARD CHARTERED BANK | 010050011 |
| UNITED COCONUT PLANTERS BANK | 010299995 |
| UNION BANK OF THE PHILS | 010419995 |
| UNITED OVERSEAS BANK | 010270189 |
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Source: Business Diary Philippines
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