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Your Paypal account is independent from UnionBank account or any other local banks. You can start receiving your money from Paypal by withdrawing the money to your bank but you must first add a bank account to do that.

Frequently Asked Questions
Can I receive money in Paypal without a verified Paypal account?
Yes, you can receive money even with an unverified Paypal account. There are sites though who refuse to pay to unverified users so its encouraged to maintain a verified account.

Why do I need to verify my Paypal account?
You can't make payments with an unverified account. Sellers online requires a verified paypal account to process payments. You can't withdraw your money without having verified.

Can I withdraw my Paypal money without a Bank Account?
No, certainly not. Credit cards can only be used for payments and cannot be used to receive money online. Only Debit cards like UnionBank EON Card is capable of processing both payments and receipts  transaction but you still need to add UnionBank as your Bank Account in Paypal.

* Verifying a Paypal account using EON Card from Unionbank is a different process from adding UnionBank as your Bank Account in Paypal.

Can I verify Paypal using other methods and add other bank accounts?
Yes, the easiest way is to use a credit card to verify your paypal account. If you want to add other Bank Accounts you may also do so, for more information about bank codes click here.

Why Choose UnionBank for Online Banking Transactions?
  • Ease of application and entry level is easy, no ITR requirements.
  • Low annual fee P 350.00 other credit cards charge upto P2000.00
  • No fees on withdrawals from Paypal to Unionbank except for the P50.00 rule on below P7000.00 withdrawal transactions.
  • Process both payments and receipts transaction. You can pay and receive money with your UnionBank EON Card.
How to Add UnionBank in Paypal
  1. Login to Paypal and to your Profile tab click Add Edit Bank Account.
  2. Enter UNION BANK OF THE PHILS and 9-Digit Bank Code for UnionBank: 010419995. Please note your Name and Billing Address on your PayPal account must match with the name and billing address on your UnionBank Cyber Account. If it does not, your withdrawal request may be rejected by Paypal.
  3. Review your bank information and click Add Bank Account to confirm.
  4. Once you have successfully added your bank account, you’ll see the confirmation: You have added a bank account on the next page.

How to Withdraw Money from Paypal to UnionBank
  1. In Paypal click the My Account tab and then click the Withdraw sub tab.
  2. Select the bank and amount to be withdrawn, UnionBank. Withdrawals amounting to Php 7,000 or more are free of charge, otherwise a fee amounting to Php 50 (amount may vary depending on bank policies) shall be debited from the total amount withdrawn.
  3. Confirm the transfer. It usually takes 5-7 business days for funds to reach your bank account.
  4. Log-in to your UnionBank Cyber Account Online at www.unionbankph.com to confirm the receipt of the amount withdrawn or just check your EON Card using the ATM. You can withdraw money using the UnionBank ATM in any branch or over the counter.
 


Comments

UnionBank

Mon, 26 Jul 2010 02:08:39


Hello,
This is a very helpful article. Thanks for coming up with something like this. Anyway, we’ve got some good news for you. Starting July 23 to August 22 2010, enjoy a 5% rebate on all ebay purchases using your UnionBank VISA Debit Card! Want more? Click this link. http://unionbankph.com/index.php?option=com_content&view=article&id=1840&Itemid=269
If you want to ask for more details regarding EON Card, you can visit our website at www.unionbankph.com or you can also visit and be a fan on our facebook.com/unionbankph or follow us on twitter @unionbankph.
We'll be happy to help you with your concerns :)

Thanks!
UnionBank of the Philippines

 

Ariel Gumaru

Tue, 27 Jul 2010 06:35:54

Hi,
You're most welcome. Many thanks too for providing convenient online banking for all us.

Regards,
Ariel Gumaru

 

zeus

Fri, 13 Aug 2010 06:56:44

Hello po. im confused. sa paypal account po i clicked on edit/add bank account. tapos inadd ko na po name ng union bank of the philippines. and its bank code. then it asks here, enter account number (1-16 digits) eh diba ung account number ng eon card ung sa baba ng name mo na 12 digits lng? kase card number ung malaki? anu po ba tlga? ung 16 digits o ung 12 digits sa baba ng name?

 



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