Paypal to BPI Withdwal Details

Paypal withdrawal date: January 31, 2008.
Bank: BPI
Account Type: BPI Express Teller Savings Account (PHP) (Savings acct. not the debit card)
Bank Code: 010040018

I received the money withdrawn above last February 05, 2008. An amount of PHP150 was deducted by BPI from the total amount withdrawn.

The total deduction from the amount withdrawn is PHP200 (Paypal: 50, Local Bank: 150). Almost the same deduction when withdrawn to UnionBank EON on $US1 = PHP40 exchange rate

Waiting time is 2-5 banking days. Based from my experience, I get my money every Wednesday, whether I withdrawn from Paypal, Thursday the previous week, or Monday the current week. I think they have this sort of clearing day/time.

Since I keep on receiving queries about BPI ExpressCash and BPI Express Account in relation to paypal, I had decided to modify this post to include information to answer these questions:

Can I use my BPI Express Cash(debit Card) or BPI Express Teller Savings Account to verify my Paypal Account?

As of today, NO.  If you don’t have a credit card, you can use Unionbank EON Cyber account to verify your paypal account.

Disclamer: All information stated here are based from own experience, If Paypal and Unionbank’s rule was already changed as of editing this  post, please don’t hesitate to update me