Tuesday, December 17, 2013

Are there hidden charges when withdrawing money from Paypal to BPI and from your BPI Easy Savers ATM?

Well, I wouldn't say that there is.

I would say that there is a catch though.

When you are using BPI Easy Savers ATM, there's always a 5 pesos charge each time you withdraw. But that's okay. I think that's the price for not having a maintaining balance. But BPI would say that it's how they help their customers. If there's a 5 pesos charge each time you withdraw, you won't be tempted to withdraw very often. And thus the name BPI Easy Saver's Account. It's up to you whether you want to take that seriously or what. Lol!

For Paypal, no hidden charges but here are the things that you're gonna pay for if you're withdrawing money.

This will be in two parts. Withdrawing money from your Paypal account to your RCBC myWallet Visa Card and to your BPI Easy Savers ATM card.

Withdrawing from Paypal to RCBC.
Cost is 250 pesos and your money from your Paypal will arrive in your RCBC card after a week but not more than ten days.

Withdrawing from Paypal to BPI.
Costs are
50 pesos Paypal charge.
200 pesos to your bank as Remittance.
You're receiving your money within 4 business days.
Sometimes, if I withdraw money on Monday or Tuesday, I receive the payment after 36 hours only even when it says in Paypal that the money should arrive within 2-4 business days.

So there you go!

If there's anything wrong with the rates I mentioned, maybe they've already been changed or something, please comment about it here.

The same goes if you have any questions, please feel free to ask.

Cheers!

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