It's been awhile since I last did my Tech Tuesday post. I'm trying to catch and make up with you guys so here I am! ;)
Anyway this week will all about PayPal and PayPal in the Philippines. Yes, you read that right, PayPal now works in the Philippines.
Not so many years ago I remember having to maintain my US account to keep a PayPal account which I always use for most of my online transactions, thank goodness now I can do it with my local accounts in the Philippines.
If it's your first time here and you are asking the question how, well very simple!
First off, you need to open an account at PayPal.com. Now to transfer funds to Paypal as well to withdraw from it, you need to add your bank account to your PayPal account. This is very easy if you have a credit card or debit card. You can make payments through PayPal that easy...but then if you have funds that you need to withdraw, comes the problem because they only transfer to a Visa card or savings/checking account. To do this you need a PayPal Bank Code.
This PayPal Bank Codes are needed for you to add your savings/checking account to your PayPal...and please take note this is the usual "routing number" that we use for our checking accounts to make online payment. This is another code!
Let me share with you below the list of official PayPal Bank Codes...but please before you make any fund transfer, it will not you any harm to call your bank and confirm. At least you have the CODE ready to lead your bank into understanding that you are looking into PayPal Bank Codes and the routing number as what happened to me when I first asked my bank.
List of PayPal Philippines Bank Codes
|Bank Name||Bank Code|
|ALLIED BANKING CORP||010320013|
|AUSTRALIA NEW ZEALAND||010700015|
|ASIA UNITED BANK||011020011|
|BANGKO SENTRAL NG PILIPINAS||010030015|
|BANK OF AMERICA||010120019|
|BANK OF CHINA||011140014|
|BANK OF TOKYO||010460012|
|BANCO DE ORO (& EQUITABLE PCI BANK)||010530667|
|BANK OF COMMERCE||010440016|
|BANK OF THE PHIL ISLANDS (BPI)||010040018|
|CHINA BANKING CORP||010100013|
|CHINA TRUST COMML BANK||010690015|
|DEVT BANK OF THE PHILS (DBP)||010590018|
|EAST WEST BANK||010620014|
|EXPORT & INDUSTRY BANK||010860010|
|HONGKONG AND SHANGHAI BANK (HSBC)||010060014|
|INTL COMML BANK OF CHINA||010560019|
|INTL EXCHANGE BANK||010680012|
|JP MORGAN CHASE BANK||010720011|
|KOREA EXCHANGE BANK||010710018|
|INTL NEDERLAND BANK||010660016|
|LANDBANK OF THE PHILS||010350025|
|MAYBANK OF THE PHILS||010220016|
|METROPOLITAN BANK & TRUST CO||010269996|
|PHIL BANK OF COMMUNICATION||010110016|
|PHIL TRUST COMPANY||010090039|
|PHIL NATIONAL BANK (PNB)||010080010|
|PHIL VETERANS BANK||010330016|
|RIZAL COMML BANKING CORP (RCBC)||010280014|
|SECURITY BANK & TRUST CO||010140015|
|STANDARD CHARTERED BANK||010050011|
|UNITED COCONUT PLANTERS BANK||010299995|
|UNION BANK OF THE PHILS (UBP)||010419995|
|UNITED OVERSEAS BANK||010270189|
To add a savings/ checking account to your PayPal, log in to PayPal, go to My Account > Profile > Add or Edit Bank Account then fill in the Bank Name, Account Number, and Bank Code.
That's it for my Tech Tuesday! Happy online banking... ;)