Here’s a summary of the steps (as illustrated in the accompanying video):
- Unionbank does NOT need any minimum balance requirements. However, one must pay P350 to open up a bank account and the accompanying Unionbank EON card. (APPLY UNOINBANK EON HERE)
- Take note of the information written on the Unionbank EON card. The number at the middle of the card is the card number. The smaller number below your name is the bank account number. The bank account number IS THE ONE TO USE for verifying Paypal account.
- You need the following:
- EON card and bank account number
- valid email address
- valid phone number
- valid postal mailing address which should be the same as the address indicated in your Unionbank EON card
- at least P200 deposit to cover $1.95 that Paypal takes away for verification. (Note that $1.95 is returned back into one’s Paypal account after a successful verification).
- Sign up for Paypal, choose Philippines then click the preferred account. Usually, a Personal Paypalaccount is enough. Make sure to use the same details that you had used with your Unionbank EON account.
- Confirm your email address by clicking the link in the verification email that came from Paypal. You will need to enter your Paypal password to complete this step.
- Go back to the Paypal page, and just below the welcome line with your name click on the Get Verified link.
- Login to your Unionbank EON banking and search on the transaction history for the VISA Expanded USE charge. Remember the 4 digits that appear after the word VISA.
- Switch back to the Paypal page and enter those 4 digits into link and confirm your debit or credit card.
How to Activate “Withdraw to Bank Account” Feature
Like what Eireen Diokno-Bernardo had said in the video, I save more and get Paypal funds early usingwithdraw to bank account option. Please read my previous post:
- Login to Paypal account.
- Click Withdraw tab, then click Withdraw to your bank account.
- Fill in the information required. Although the video demonstrated how to add a Unionbank bank account, ANY OTHER PHILIPPINE BANK ACCOUNTS that are assigned Philippine bank codes by Paypal can be used: participating Philippine banks and their bank codes
BANK NAME | 9 digit bank code |
| ALLIED BANKING CORP | 010320013 |
| AUSTRALIA NEW ZEALAND | 010700015 |
| ASIA UNITED BANK | 011020011 |
| BANGKO SENTRAL NG PILIPINAS | 010030015 |
| BANGKOK BANK | 010670019 |
| BANK OF AMERICA | 010120019 |
| BANK OF CHINA | 011140014 |
| BANK OF TOKYO | 010460012 |
| BANCO DE ORO (& EPCIB) | 010530667 |
| BANK OF COMMERCE | 010440016 |
| BANK OF THE PHIL ISLANDS | 010040018 |
| CHINA BANKING CORP | 010100013 |
| CHINA TRUST COMML BANK | 010690015 |
| CITIBANK N.A. | 010070017 |
| DEVT BANK OF THE PHILS | 010590018 |
| DEUTSCHE BANK | 010650013 |
| EAST WEST BANK | 010620014 |
| EXPORT & INDUSTRY BANK | 010860010 |
| FUJI BANK | 010640010 |
| HONGKONG AND SHANGHAI BANK | 010060014 |
| INTL COMML BANK OF CHINA | 010560019 |
| INTL EXCHANGE BANK | 010680012 |
| JP MORGAN CHASE BANK | 010720011 |
| KOREA EXCHANGE BANK | 010710018 |
| INTL NEDERLAND BANK | 010660016 |
| LAND BANK 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 | 010080010 |
| PRUDENTIAL BANK | 010150018 |
| PHIL VETERANS BANK | 010330016 |
| RIZAL COMML BANKING CORP | 010280014 |
| SECURITY BANK & TRUST CO | 010140015 |
| STANDARD CHARTERED BANK | 010050011 |
| UNITED COCONUT PLANTERS BANK | 010299995 |
| UNION BANK OF THE PHILS | 010419995 |
| UNITED OVERSEAS BANK | 010270189 |
