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Monday, August 18, 2008

How to withdraw Paypal to BDO savings account.

DISCLAIMER:
This is a personal blog, so I cannot speak for other users’ personal experiences, nor do I speak for BDO or Paypal. I only wrote about what I went through doing the transactions myself.

I am about to make my 6th withdrawal from my Paypal account to my BDO peso savings account.

I get most of my jobs from The On Demand Global Workforce - oDesk. oDesk has multiple options for payment: Moneybookers, credit card, bank to bank, and Paypal.

I picked Paypal for two reasons: it appears to charge the least and remains to be the most popular mode of payment (which to me is the most reliable in that light). I get to withdraw my accounts from oDesk to Paypal and get charged $1 per withdrawal. I then transfer the funds from Paypal to my BDO account and get charged another $1 in the process.

Take note that paypal charges $1 for any withdrawals below Php7,000.00, which is FREE for any withdrawals over this. Paypal has withdrawal limits of USD500 for free accounts. I used 010530667 as the Bank Code for BDO Universal Bank. Although, you need to know too that BDO does not officially hold tie up with Paypal as shown here.

Before withdrawal, your account confirmation should show you this:

True enough, funds from Paypal reach my BDO approximately 5 calendar days from transaction, as shown in this stamp:

Notice that there is Ph200.00 charged to my account. This is apparently charged by the local recipient, which is BDO, but BDO will not disclose this information.

But to answer your question, yes BDO is capable of receiving Paypal accounts and the great thing I like about BDO is its capability of online transactions.



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Cheap Freelance Writer | Dependable Ghost Writer | WITHDRAW PAYPAL BDO | PHILIPPINE BANKS|MAKE MONEY ONLINE |Earn Money Online | Web writer | Freelance webwriter|Earn money Home |Online Marketing | SEO | SMM | Search Engine Optimization | HTML | CSS