Withdrawing Paypal Funds to Metrobank Savings Account

Withdrawing Paypal funds to Metrobank Savings Account is very convenient. I actually sticked to this withdrawal option for 2 years since I started accepting freelance jobs via Odesk. Once you added your Metrobank savings account to Paypal, you can now transfer your Paypal funds. Be sure to enter correct account details as Paypal charges P250 bounce fee.

Waiting time and bank charges are typically what freelancers consider when choosing a bank to link to their Paypal accounts. Even I considered this. However, I wasn't able to find Paypal-to-Metrobank withdrawal reviews back in 2009. I don't want to try BPI and BDO accounts since I learned that they charge around P150-P200 if I am not mistaken. I also heard of Unionbank Eon Card however, there's no nearby Unionbank branch in our area.

I opened a Metrobank ATM savings account which requires P2000 maintaining balance. Withdrawal of Paypal funds to Metrobank only took 3 days. So when I withdraw my Odesk earnings on a Wednesday, I'm sure to have it on a Saturday. This is the usual scenario. There even came a time when I receive my earnings on a Friday morning. Delays also happen especially when there's a holiday between Wednesday and Friday. In such case, I often receive my earnings Tuesday or Wednesday next week.

Withdrawing Paypal funds to Metrobank Savings account also has corresponding bank charges. Metrobank charges P76.70 for that, smaller than BPI and BDO's charge.

28 comments:

  1. How were you able to withdraw your paypal balance to a Metrobank savings account? I currently don't have a credit card but I have a savings account on Metrobank. Could you share to me the steps on how you did it? Thanks in advance.

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  2. Gadie Barro. what I did, PayPal will ask you Bank Code and enter this code O10269996 , and enter also your metrobank account that you can see it in your metrobank card the 16 digits numbers "do not" include the three Zeros, after you did it click the save.

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  3. Maybe not 77 anymore. Despite the fact that I already have EON card from Unionbank, I opened a savings account at Metrobank for savings purposes. Since it was my first time to transfer from paypal to metrobank, I just transfered 500 pesos last tuesday. To my surprise, I only saw 313.30 on the statement. So, basically, Metrobank charges 186.70. I was really shocked because Unionbank does not charge. From now on, I will not transfer funds online from paypal to Metrobank. I will just deposit it the usual way.

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    Replies
    1. It is still P77 to be exact it is P76.70. How did you add your Metrobank account to your Paypal? With me, I selected add/edit bank account to add my Metrobank account. I'm guessing you choose the add/edit credit card and yes there is a big difference with how much they deduct your money when transferring it to your bank or credit card account.

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    2. Hi,

      It says on my paypal account just now that transfer is complete. but why does my balance appears to be 56php when i transferred 3,000 pesos? please answer me cause i'm not okay with my money being stolen by anybody

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  4. is the fund transfer fee fixed? regardless of the amount u put in ur metrobank account from paypal?

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  5. any update on the paypal fee? i read somewhere that it's just P50 when withdrawing <7k?

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  6. I have a Metrobank debit a payroll accnt from my company I used to withdraw funds from PayPal to bpi ,it charges P150.00 on top of P50 deducted by PayPal.since our co. Changed from bpi to metrobank.I am asking will I use the accnt# or 16 digit card# on my mtroebank debit mastercard and how much is the charge taken off by Metrobank?

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  7. quick question.. my paypal said that the transaction was completed.. how many days will it take for my funds to be received in my metrobank account?

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    Replies
    1. 3 to 5 days this is according to a Metrobank Branch Head which happens to be my father :)

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  8. I'm currently using BDO which has a P200 fee/transfer. I wish to switch to another bank with a lesser fee, and I heard that some don't even have charges for transferring. Is this true??

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    1. Unionbank eon doesn't charge at all, upon withdrawing your fund from paypal to eon account, it used to charge me 50/pesos but lately, when i click on the account...it will say free

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  9. How to pass 16digit account code when linking a bank account? For me i did the same thing open ATM card for 2000php Metrobank after that upon linking a bank to paypal account is hard. Metro bank ATM have 13digit account code while paypal needs 16digits account code. ????no choice but to insert 000 after 13digit code. After 2 days Paypal sends a mail this card is not available into our system please use other bank accounts. Question is. How did you do it? entering Metrobank 13digits account code to 16digit paypal form. How?

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    Replies
    1. you can try putting in 216 before your 13-digit account number

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    2. you can try putting in 216 before your 13-digit account number

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    3. Hi, id did not add 216 before my 13 digit account number but i'm not sure kung mag go through. how about in your end guys?

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  11. Hello, Can you help me? I accidentally put the card number which is the 16 digits and withdraw money on it already. I check my bank if pumasok naba pero wala. �� I'm afraid baka mawala yun pera ko, 1k yun eh.

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    Replies
    1. Hi Carolette. Same thing with me. I entered my 16 digit card number instead of 13 digit acct number. Nag withdraw ako ng 2.4k last Aug.25. What happened nung sayo? Naibalik b pera mo s PayPal?

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    2. how long po ba nabalik sa account ninyo yung money. Same thing happened to be now.

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  12. Hi can you help me i made a widrawal in my philippine paypal this November 29 then I received a email from paypal that i will check or go to my bank in December 2 to see the money but it's already December 2 but still theres nothing on my balance i check to atm to check my balanced but still nothing help me please

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  13. Hi,

    It says on my paypal account just now that transfer is complete. but why does my balance appears to be 56php when i transferred 3,000 pesos? please answer me cause i'm not okay with my money being stolen by anybody

    ReplyDelete
  14. Hi can you help me i made a widrawal in my philippine paypal this May 21 then I received a email from paypal that i will check or go to my bank in May 25 to see the money but it's already May 28 but still theres nothing on my balance i check to atm to check my balanced but still nothing help me please

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  15. This comment has been removed by the author.

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  16. Hi! I linked Paypal to Metrobank but Metrobank said that they did not acknowledge remittances from PAYPAL. Is that true?

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    Replies
    1. What should I do? Paypal seems to be difficult to contact for inquiries...

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