How to Easily Transfer Funds from Paypal to your BPI Bank Account

Years ago, I had a difficult time transferring funds from my Paupal account to my bank account because I thought that I need to activate a Unionbank EOL first. Little did I know that it is possible to do so even if I do not have a Unionbank account.

By the way, my Paypal account is primarily used whenever I only have online projects. It is where all my online finances go. I do not even have any credit card linked to it. After getting the payment, I used them for online purchases and I “sometimes” send them to my bank account.

It’s been years since I last transferred some funds on my Paypal and I forgot about it already. Recently, I needed to transfer some money on my bank account because of the expenses of my son’s 1st birthday. You know how moms like to have a special celebration for their little ones. So I tried transferring some of the funds again from my Paypal and it actually worked. Plus it was transferred quickly and easily on my account. 

When I tried transferring, I was a bit cautious because I am afraid that it might be wrong or the funds might get lost. So I tried transferring a small amount first. I suggest you do this if you are cautious on transferring money. It might get some errors so being careful is something we should transfer a small amount first in case of any errors.

NOTE: Paypal charges P50 per transaction and BPI charges P150.00.  So I was shocked that I only have P300 left after transferring,  Next time, I will transfer a big amount to see if there are additional charges.

Here's the step by step process on how to transfer funds from Paypal account to BPI account 

1. First, enroll your bank account on your Paypal account. Mine was already linked a few years back so I just proceeded to Step 2.

2. Click the TRANSFER MONEY on the balance area in the right. (See photo above. It is below the cloud icon I used). Then you will see the TRANSFER FUND option. If you click it, you get to choose from what Paypal balance you are going to get the money. In my case there are two, the peso and the dollar. and I transferred the one in the peso amount.

3. Write the amount you wish to transfer. As I mention earlier, I tried a small amount first to see if the process has changed since they also changed the whole site. I'm just being careful with the money I earned. 

4. A review of the transaction will show up in case you want to edit something. In the photo below, it already shows that there's a fee of P50.00.

5. A pop-up will show that the transaction is complete.

6. On the recent activity on the right part, the Transfer will reflect even if isn't transferred to your account yet. It took some days before it was transferred but on the site, they claim it usually take 7-10 business days.

Now that I had the experience of transferring my Paypal funds, I will do it again to transfer the other remaining funds because I have some project I'm working on. It didn't changed much even if they totally changed the whole layout of the site.

I hope this tutorial has been helpful to you. Forward this to friends or colleagues in case they need some help with the process. 

Cheers to more online earnings! 😃