Transferring your PayPal funds to a bank account is a simple 2 to 4 business days process that only requires a couple of important details to complete.
Before you successfully linking your Paypal to your bank account, you must known first the bank code of the bank you are going to use to be able to receive your funds in Philippine peso in a matter of days.
What is Paypal?
PayPal is an international e-commerce business allowing payments and money transfers to be made through the Internet. Online money transfers serve as electronic alternatives to paying with traditional paper methods, such as checks and money orders.
You may convert your Paypal balance into cash by withdrawing to your credit, debit, or prepaid card, (only add a card with a Visa logo) or directly withdrawing from your bank account.
What is bank code?
Bank code is a 9-digit code of your bank asking by Paypal during the process of adding or linking bank account in your Paypal.
Here is the complete list of banks accredited by Paypal and their 9 digit bank code:
BANK NAME
|
9 digit bank code
|
| ALLIED BANKING CORP |
010320013
|
| AUSTRALIA NEW ZEALAND |
010700015
|
| ASIA UNITED BANK |
011020011
|
| BANGKO SENTRAL NG PILIPINAS |
010030015
|
| BANGKOK BANK |
010670019
|
| BANK OF AMERICA |
010120019
|
| BANK OF CHINA |
011140014
|
| BANK OF TOKYO |
010460012
|
| BANCO DE ORO (& EPCIB) (BDO) |
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 (DBP) |
010590018
|
| DEUTSCHE BANK |
010650013
|
| EAST WEST BANK |
010620014
|
| EXPORT & INDUSTRY BANK |
010860010
|
| FUJI BANK |
010640010
|
| HONGKONG AND SHANGHAI BANK |
010060014
|
| INTL COMML BANK OF CHINA |
010560019
|
| INTL EXCHANGE BANK |
010680012
|
| JP MORGAN CHASE BANK |
010720011
|
| KOREA EXCHANGE BANK |
010710018
|
| INTL NEDERLAND BANK |
010660016
|
| LAND BANK OF THE PHILS |
010350025
|
| MAYBANK OF THE PHILS |
010220016
|
| METROPOLITAN BANK & TRUST CO |
010269996
|
| PHIL BANK OF COMMUNICATION |
010110016
|
| PHIL TRUST COMPANY |
010090039
|
| PHIL NATIONAL BANK (PNB) |
010080010
|
| PRUDENTIAL BANK |
010150018
|
| PHIL VETERANS BANK |
010330016
|
| RIZAL COMML BANKING CORP (RCBC) |
010280014
|
| SECURITY BANK & TRUST CO |
010140015
|
| STANDARD CHARTERED BANK |
010050011
|
| UNITED COCONUT PLANTERS BANK |
010299995
|
| UNION BANK OF THE PHILS |
010419995
|
| UNITED OVERSEAS BANK |
010270189
|
Updated: 1/10/2014
(Source: http://pages.ebay.ph/bankwithdrawal/bank_codes_ph.html)
REMINDER:
(Source: http://pages.ebay.ph/bankwithdrawal/bank_codes_ph.html)
REMINDER:
- It is wise to call and verify first your bank regarding PAYPAL to Philippine Bank Money Transfers, and/or, to directly to your local bank account.
- Bank Account Transfer is the cheapest way to withdraw your Paypal money rather than withdrawing using a VISA debit or credit CARD.
How i wish Wells Fargo is listed here. If i may ask, is bank code and bank routing number exactly the same thing?
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