Adding A Bank Account to Your PayPal

Withdrawing Money from Your PayPal Account is another thing from Linking your Credit/Debit Card. But before you withdraw, you need to have an account to transfer those funds to.

So you have some money stored in your PayPal. Maybe you won a contest, maybe somebody paid you their debt online, or maybe you're just selling yourself and receiving the money online... let's not hope that happens, but yeah you got money and need to put it in your account? What to do?

Here are the simple steps (and a few notes and explanations) that can explain the simple process on how to do that:

1. Add a Bank Account.

Adding a Bank Account for your Paypal

Go to your Account page and under Profile, click on "Add/Edit Bank Account"

2. Enter your Bank Details.

This includes the Bank Name, the 9-digit Bank Code (click here for list of Philippine Bank Codes), your Account Number.

3. Continue, Confirm, and Submit.

Make sure you double check on all details and submit. Note that you need to have the same PayPal Account Name and Bank Account Name. Having the slightest difference like "Kenneth Tan" with "K Tan" or "Keneth Tan" will lead to a failure in the process and a return fee will be charged.

Only down side is that there's a great chance that the exchange rate will be rather low compared to how it locally. Anyway, Hope this helps :)

Need that Bank Code? Click Here for list of Philippine Bank Codes.

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