Overview

To transfer money from PayPal to BPI, link your BPI account to PayPal, initiate the withdrawal, and expect funds in 3-5 business days. PayPal charges a 3.9% fee on currency conversion and a fixed fee for each transaction, while BPI may charge minimal incoming remittance fees. This process is ideal for Filipino freelancers seeking efficient payment methods. Quick Facts Aspect Details Fees 3.9% currency conversion + fixed fee Processing Time 3-5 business days Minimum Withdrawal $10 Supported Banks BPI, BDO, UnionBank, GCash, Maya Step-by-Step Process In my 6 years of freelancing, I’ve often used PayPal to transfer funds to my BPI account. Here’s how you can do it:

  • Link Your BPI Account to PayPal:
  • Log into your PayPal account.
  • Go to "Wallet" and select "Link a bank".
  • Enter your BPI account details, including the bank code 010040018 for BPI.
  • Confirm the small deposit PayPal sends to your BPI account to verify it.
  • Initiate the Transfer:
  • In your PayPal account, click on "Transfer money" under the balance summary.
  • Select your linked BPI account as the destination.
  • Enter the amount you wish to withdraw. Ensure it meets the minimum withdrawal limit of $10.
  • Confirm the Transfer:
  • Review the details to ensure everything is correct.
  • Confirm the transaction. PayPal will process your request, typically taking 3-5 business days.
  • Check Your BPI Account:
  • Once the funds are transferred, check your BPI account for the deposited amount.
  • If there are any issues, contact BPI or PayPal support. Fees Breakdown (Philippines 2026) Understanding the fees involved is crucial for managing your finances effectively:
  • PayPal Fees:
  • 3.9% of the transaction amount for currency conversion.
  • Plus a fixed fee depending on the currency used.
  • Example: For a $100 withdrawal, PayPal takes approximately $4.90, which is about P275—less than a Grab ride across Manila.
  • BPI Fees:
  • Minimal incoming

Ready to start earning in dollars? Sign up for Payoneer free →

Detailed Guide

remittance fees, usually not exceeding P150.

  • This fee is subject to change, so check with BPI for current rates.
  • Total Cost Example:
  • If withdrawing $100, expect to pay around $5 in PayPal fees and another P150 from BPI, totaling around P425 in fees. Best Banks to Use Selecting the right bank can make a significant difference in your transaction experience. Here’s a comparison:
  • BPI:
  • Offers reliable service with moderate fees.
  • Known for good customer service and extensive branch network.
  • BDO:
  • Provides competitive remittance rates.
  • Offers multiple branches and ATMs nationwide.
  • UnionBank:
  • Known for digital-friendly services.
  • Often recommended for tech-savvy users.
  • GCash/Maya:
  • Great for quick transfers and cashless transactions.
  • Ideal for freelancers who prefer digital wallets GCash guide .
  • Verification Issues:
  • Ensure your BPI account details are correct when linking to PayPal.
  • Double-check your PayPal account information to avoid any mismatches.
  • Transfer Delays:
  • Transfers usually take 3-5 business days, but can be delayed due to bank holidays or verification issues.
  • Contact PayPal or BPI if the delay exceeds the expected timeframe.
  • Currency Conversion Concerns:
  • PayPal’s conversion rates may fluctuate, affecting the amount received.
  • Consider using Payoneer for potentially better rates and more control over conversion Payoneer guide .

For instance, Payoneer offers competitive exchange rates and faster transfer times, which can be more beneficial in the long run. Additionally, Payoneer users enjoy a $25 bonus when they receive their first $1000, adding more value to your earnings Pay

Key Points for Filipino Freelancers

Pro Tips

💡

Pro Tip: Most successful Filipino freelancers use Payoneer to receive payments and transfer to Maya or GCash for instant access to their earnings in Philippine Peso.