In here, im sharing the transaction record I've done in my PayPal account, this is to answer some questions as to how much is being deducted when you are going to withdraw your funds from the paypal and be it deposited in any of your bank accounts in the Philippines. Just take a look at the photo below:


It is clear that paypal will charge 250.00 pesos on your withdrawn money, maybe it seemed to be like this because I pull it all out, lol. in the second line at june 5 also the 100 pesos used to verify my account using the UNIONBANK account was returned. I hope you guys out there can see some answers on your questions.


FOR THE LATEST PAYPAL BANK CODES:


Bank NameBank Code
ALLIED BANKING CORP010320013
AUSTRALIA NEW ZEALAND010700015
ASIA UNITED BANK011020011
BANGKO SENTRAL NG PILIPINAS010030015
BANGKOK BANK010670019
BANK OF AMERICA010120019
BANK OF CHINA011140014
BANK OF TOKYO010460012
BANCO DE ORO (& EQUITABLE PCI BANK)010530667
BANK OF COMMERCE010440016
BANK OF THE PHIL ISLANDS (BPI)010040018
CHINA BANKING CORP010100013
CHINA TRUST COMML BANK010690015
CITIBANK N.A.010070017
DEVT BANK OF THE PHILS (DBP)010590018
DEUTSCHE BANK010650013
EAST WEST BANK010620014
EXPORT & INDUSTRY BANK010860010
FUJI BANK010640010
HONGKONG AND SHANGHAI BANK (HSBC)010060014
INTL COMML BANK OF CHINA010560019
INTL EXCHANGE BANK010680012
JP MORGAN CHASE BANK010720011
KOREA EXCHANGE BANK010710018
INTL NEDERLAND BANK010660016
LANDBANK OF THE PHILS010350025
MAYBANK OF THE PHILS010220016
METROPOLITAN BANK & TRUST CO010269996
PHIL BANK OF COMMUNICATION010110016
PHIL TRUST COMPANY010090039
PHIL NATIONAL BANK (PNB)010080010
PRUDENTIAL BANK010150018
PHIL VETERANS BANK010330016
RIZAL COMML BANKING CORP  (RCBC)010280014
SECURITY BANK & TRUST CO010140015
STANDARD CHARTERED BANK010050011
UNITED COCONUT PLANTERS BANK010299995
UNION BANK OF THE PHILS (UBP)010419995
UNITED OVERSEAS BANK010270189