Good news to those who earn money online. You can now withdraw your PayPal money to your local bank account. PayPal has released the official PayPal codes of major banks in the Philippines. (Note that rural banks are not in the list, so you need to apply to major banks like BDO, BPI, LandBank, UnionBank and the like). Before you withdraw your PayPal money, be sure that your PayPal account is already verified because you cannot withdraw even a centavo if it is not yet verified. You also need to link your bank account to your PayPal account before you could perform the withdrawal transaction. In linking your bank account to your PayPal account, you will need the following PayPal bank codes:
OFFICIAL PAYPAL CODES OF PHILIPPINE BANKS
PAYPAL BANK CODE OF ALLIED BANKING CORP : 010320013
PAYPAL BANK CODE OF AUSTRALIA NEW ZEALAND : 010700015
PAYPAL BANK CODE OF ASIA UNITED BANK : 011020011
PAYPAL BANK CODE OF BANGKO SENTRAL NG PILIPINAS (BSP): 010030015
PAYPAL BANK CODE OF BANGKOK BANK : 010670019
PAYPAL BANK CODE OF BANK OF AMERICA : 010120019
PAYPAL BANK CODE OF BANK OF CHINA : 011140014
PAYPAL BANK CODE OF BANK OF TOKYO : 010460012
PAYPAL BANK CODE OF BANCO DE ORO (BDO) (& EPCIB) : 010530667
PAYPAL BANK CODE OF BANK OF COMMERCE : 010440016
PAYPAL BANK CODE OF BANK OF THE PHIL ISLANDS (BPI): 010040018
PAYPAL BANK CODE OF CHINA BANKING CORP : 010100013
PAYPAL BANK CODE OF CHINA TRUST COMML BANK : 010690015
PAYPAL BANK CODE OF CITIBANK N.A. : 010070017
PAYPAL BANK CODE OF DEVT BANK OF THE PHILS (DBP): 010590018
PAYPAL BANK CODE OF DEUTSCHE BANK : 010650013
PAYPAL BANK CODE OF EAST WEST BANK : 010620014
PAYPAL BANK CODE OF EXPORT & INDUSTRY BANK : 010860010
PAYPAL BANK CODE OF FUJI BANK : 010640010
PAYPAL BANK CODE OF HONGKONG AND SHANGHAI BANK : 010060014
PAYPAL BANK CODE OF INTL COMML BANK OF CHINA : 010560019
PAYPAL BANK CODE OF INTL EXCHANGE BANK : 010680012
PAYPAL BANK CODE OF JP MORGAN CHASE BANK : 010720011
PAYPAL BANK CODE OF KOREA EXCHANGE BANK : 010710018
PAYPAL BANK CODE OF PAYPAL BANK CODE OF INTL NEDERLAND BANK : 010660016
PAYPAL BANK CODE OF LANDBANK OF THE PHILS : 010350025
PAYPAL BANK CODE OF MAYBANK OF THE PHILS : 010220016
PAYPAL BANK CODE OF METROPOLITAN BANK & TRUST CO : 010269996
PAYPAL BANK CODE OF PHIL BANK OF COMMUNICATION (PBC): 010110016
PAYPAL BANK CODE OF PHIL TRUST COMPANY : 010090039
PAYPAL BANK CODE OF PHIL NATIONAL BANK (PNB): 010080010
PAYPAL BANK CODE OF PRUDENTIAL BANK : 010150018
PAYPAL BANK CODE OF PHIL VETERANS BANK : 010330016
PAYPAL BANK CODE OF RIZAL COMML BANKING CORP (RCBC): 010280014
PAYPAL BANK CODE OF SECURITY BANK & TRUST CO : 010140015
PAYPAL BANK CODE OF STANDARD CHARTERED BANK : 010050011
PAYPAL BANK CODE OF UNITED COCONUT PLANTERS BANK (UCPB) : 010299995
PAYPAL BANK CODE OF UNION BANK OF THE PHILS (UBP): 010419995
PAYPAL BANK CODE OF UNITED OVERSEAS BANK : 010270189