Withdraw a PayPal balance to a Philippine bank account: the fee, the bank code to enter and how long it takes.
Short answer PayPal to bank in the Philippines costs nothing on a peso withdrawal of more than ₱7,000 with no currency conversion, and ₱50 on one of less than ₱7,000. Link your bank with its nine-digit BRSTN from PayPal’s list. A standard transfer typically completes in 1 business day, but can take 3 to 5.
By zpeso Desk · Official pages .
At a glance
- Fee, peso withdrawal of more than ₱7,000no fee when no currency conversion is involvedPayPal ↗ ·
- Fee, peso withdrawal of less than ₱7,000₱50PayPal ↗ ·
- Bank return on a withdrawal₱250PayPal ↗ ·
- Standard transfer to a banktypically 1 business day, may take 3 to 5 business daysPayPal ↗ ·
- Review holdsome withdrawals held up to 72 hoursPayPal ↗ ·
Fees
| Withdrawal from a personal PayPal account | PayPal fee |
|---|---|
| To a Philippine bank account, more than ₱7,000 | No fee, when no currency conversion is involved |
| To a Philippine bank account, less than ₱7,000 | ₱50 |
| Bank returns the withdrawal | ₱250 |
PayPal’s fee page (last ) adds that a currency conversion, and currency conversion fees, may also apply to a withdrawal. A dollar balance has to become pesos before it lands in a peso account; see converting dollars to pesos on the PayPal to GCash page.
PayPal’s help page also says your bank may charge a fee to receive funds from PayPal, so ask your bank about its charge for incoming electronic transfers.
Bank codes PayPal asks for
PayPal identifies a Philippine bank by its BRSTN, a nine-digit bank code, not by the SWIFT code. These are the codes for the larger banks as PayPal prints them on its Philippine list.
| Bank | BRSTN (PayPal bank code) | Name on PayPal’s list |
|---|---|---|
| BDO | 010530667 | BANCO DE ORO UNIBANK, INC. |
| BPI | 010040018 | BANK OF THE PHILIPPINE ISLANDS |
| Metrobank | 010269996 | METROPOLITAN BANK AND TRUST CO |
| LANDBANK | 010350025 | LAND BANK OF THE PHILIPPINES |
| PNB | 010080010 | PHILIPPINE NATIONAL BANK |
| Security Bank | 010140015 | SECURITY BANK CORPORATION |
| UnionBank | 010419995 | UNION BANK OF THE PHILIPPINES |
| China Bank | 010100013 | CHINA BANKING CORPORATION |
| RCBC | 010280014 | RIZAL COMMERCIAL BANKING CORP. |
| EastWest | 010620014 | EAST-WEST BANKING CORPORATION |
| PSBank | 010470992 | PHILIPPINE SAVINGS BANK |
| AUB | 011020011 | ASIA UNITED BANK |
| Maybank | 010220016 | MAYBANK PHILS., INC. |
| Bank of Commerce | 010440016 | BANK OF COMMERCE |
| DBP | 010590018 | DEVT. BANK OF THE PHILIPPINES |
| Robinsons Bank | 011070016 | ROBINSONS BANK CORPORATION |
| China Bank Savings | 011129996 | CHINA BANK SAVINGS, INC. |
PayPal’s list carries 43 banks. If your bank is not on it, PayPal’s instruction is to “check with your bank directly”. Upwork’s Direct to Local Bank also asks for a BRSTN; the SWIFT and BRSTN table shows both codes side by side for each bank.
Tip A BRSTN goes in the bank-code field and the SWIFT code in a wire form. Do not swap them.
Steps
- On the PayPal website, go to Wallet.
- Click Transfer Money.
- Click Transfer to your bank.
- Follow the instructions, choose the linked Philippine bank account and confirm the amount.
In the PayPal app, tap your PayPal balance, then Transfer Money, then Transfer to bank, and follow the instructions.
Source: PayPal Help Center ↗ ·
How long it takes
- Reviewup to 72 hours for some withdrawalsPayPal reviews every transfer before release, for example after a higher-than-usual payment or a login from an unsecured network; the status then turns “Completed”.
- Standard transfer to the banktypically 1 business daydepending on the bank’s clearing it may take 3 to 5 business days.
- Holidaysnot countedholidays are not business days.
Source: PayPal: withdrawals ↗ · PayPal: review holds ↗ ·
When a withdrawal goes wrong
If the bank cannot process the request because the account details are incomplete or incorrect, the money goes back to your PayPal account, and PayPal’s Philippine fee table lists ₱250 for a bank return. Once you request a withdrawal, it cannot be cancelled, and every transfer is subject to review and can be delayed or stopped. Check the account name, account number and bank before you confirm.
Warning You request a withdrawal yourself, inside your own PayPal account. Never share your PayPal password or a one-time PIN with anyone who offers to “speed up” or trace a transfer.
Who runs PayPal in the Philippines
PayPal’s Philippine pages state that PayPal Pte Ltd is licensed by the Monetary Authority of Singapore as a Major Payment Institution and is regulated by the Bangko Sentral ng Pilipinas as an Operator of Payment Services in the Philippines.