Successfully transferred paypal funds to bank account

Our January 24 paypal withdrawal is still pending up to now. Nevertheless, hubby has successfully transferred his paypal funds to his banco de oro account. We actually withdrew the money this morning.

There are several things I have noticed with this particular paypal to bank account transaction though:

1. The withdrawal transaction takes some time to be marked completed. I actually thought our second withdrawal will have the same paypal pending withdrawal problems. Nevertheless, we were able to withdraw the money less than a week after we initiated the transaction.

2. The peso-dollar exchange rate is not competitive. 1 U.S. Dollar in our transaction was converted to 39.5265 Peso. I do not have the data but I believe that the US dollar at that time was some cents more than 40 pesos.

I was not able to check our remaining balance before the paypal funds arrived but I would like to request those who plan to make withdrawal via bank to check their balance because there seems to be a discrepancy between the amount that was transferred to our bank account and the amount that is reflected in the paypal dashboard.Hubby and I will try to verify too because we might have made some withdrawals that we have forgotten.

Related posts:

1. Pending Paypal Withdraw Transaction Update:The fund is finally transferred to the debit card. Last week, January 24, 2008, hubby made a withdraw transaction from his paypal funds to his EON debit card. Withdrawal transactions from paypal to debit card, as far as our experience is concerned, generally takes only a day or two before the withdraw transaction is [...]...
2. Paypal Uses Outdated 5 Peso Bill Image This image is attached by paypal in their email “Launching Local Bank Withdraw” sent to paypal account holders:       What is this 5 peso bill thing used by paypal? I haven’t seen this bill for years. I hope paypal people will be able to update their money pics and images with the new Philippine bills. Five peso [...]...
3. Pending Paypal Withdrawal Now Marked Completed Update: Already got the money Our January 24 paypal withdrawal is finally marked completed. I hope it will not take the same length of time for the funds to be reflected in our debit card account. I also hope that everyone who have had pending paypal withdrawal transactions can already see the completed status [...]...
4. What to do to expedite the processing of pending paypal withdrawals Update February 13: The pending transaction is already marked completed. I hope the funds will be reflected in the debit card soon. Update February 18: Already got the money. Ubos na ang pera hehehehe… It has been weeks and the paypal withdrawals that were initiated in between the period January 24 to January 28 are still pending. [...]...
5. Withdrawing Paypal Funds to Philippine Banks Now Available At last, withdrawing funds from Philippine based paypal accounts is now much easier. Getting your paypal money is not just limited to getting it through your credit card or debit card. Paypal has finally made withdrawing funds to Philippine bank account, yes not just US bank accounts, available. Philippine banks / bank accounts that can [...]...
6. Should I Upgrade My Paypal Account? I have been receiving paypal payments since paypal has allowed Philippine based paypal users to receive paypal funds. Today though, I received this message when I tried to accept a paypal payment that is sent to me as payment for the articles I have written for an Asian based Magazine: For Option 1 (Upgrade to a Premier account and [...]...
7. Online Fraud Protection and Security A few days ago, I received an email with the subject telling me that my paypal account is suspended. Instead of reading the whole email and click on the links that usually come with this kind of emails, I head on to my paypal account instead and logged in. I was no longer surprised when [...]...