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Tuesday, January 29, 2008

Withdraw PayPal Funds to Indonesian & Philippine Bank Account

This is a good news for the PayPal member in Indonesia and Philippine. Now you can add your local bank account to your PayPal account, so you can withdraw your money directly to your bank. It saves you time and gives you faster access to your PayPal funds! No more fee charges for withdraw money from credit card.

PayPal has added a new withdrawal feature for its Philippine and Indonesian members, allowing them to conveniently withdraw funds from their PayPal accounts to their local bank accounts.

All local banks can be used to withdraw the funds, and the funds will be converted to your local currency. But first you will need to become a verified PayPal member and next you need to add your bank account. It will takes 5-7 business days for the fund to reach your bank account. However, depending on your bank’s policies, it may take longer.

There are no minimum withdrawal amounts or maximum withdrawal amounts. But for Philippine users, withdrawal amounts less than PHP 7,000 there will be a fee of PHP 50. And for Indonesian users, withdrawal amounts of less than IDR 1.5 million, there will be a fee of IDR 16,000.

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