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
LANDBANK 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

If you used the Bank Codes provided in this article previously, check if you can cancel your request so you won’t be charged a P250.00 return fee should the transaction be canceled due to incorrect information. Also, now that we know the “official” bank codes, update your bank account information stored in PayPal.

source: PMT and Paypal

Paypal for Filipino Freelancer

Last November 29, 2007 I went to Unionbank to get my EON Unionbank debit card.
To my curiosity, I search for user’s feedback online and here’s what they can
say about the EON Unionbank Cyber Account debit card:

1. It would take 5-7 days to transfer money from Paypal to Unionbank EON.
2. PayPal does not always accept the Unionbank EON card.

And here are some tips to avoid being denied on your PayPal activation:

1. You need to deposit atleast PhP 100.00 on your EON card to make some transaction history.
2. Call the Unionbank Customer Care at (632) 84186 if your account is already active.
3. Enroll your Unionbank Cyber Account for Internet Banking.
4. In your EON/Unionbank online banking page there is a place to send a bank email
to request for EXPUSE number 4-digit.
5. Once you got the number, go back to the My Account Overview section of the PayPal web
site and click on “Finish Expanded Use Enrollment” to enter the 4-digit number.

6. After you entered the EXPUSE code, you will receive a confirmation message
indicating that your credit card has been verified.

I do hope that there will be more other alternatives to have a Paypal account in the Philippines.

Since I started on freelancing I was looking for an alternative to receive PayPal payment. Philippines is one of those unfortunate country that has a limited privilege. Users from the Philippines could only use PayPal to pay for transactions online.

As of this time, it is not possible to do the following:

* Load up one’s account thru credit card
* Receive funds
* Withdraw funds into a local bank account.

If you would like to receive PayPal in the Philippines not on a limited basis, lets support the campaign of Paypal Now!.

For the meantime as an alternative you can still receive paypal payment from your clients or even your relatives outside the Philippines.

* Sign up for a Xoom account.
* enter your personal bank account. See complete list of supported banks here.

In my personal experience, I’ve been using China Bank personal savings account that was attached to my Xoom account. China charge 200 pesos each transaction deposit by Xoom through my account. Open a savings account with them and enroll banking online. In my humble opinion this is the best bank when it comes to user friendly system. The GUI (Graphical User Interface) and there website is Powered by AJAX (Asynchronous JavaScript And XML)

* Paste the button on your website or send the link to your client via email.
* Client receives the “request for payment”, creates a Xoom account or logs in and processes the payment using his Paypal account, credit card or eCheck.
* You get a confirmation email with the tracking number and receive the payment directly into your bank account in just an hour.

Following are the Xoom fee ranges:
(Xoom limit every transaction is $2,500)

Amount Xoom Fee

$1,500.00 – $2,500.00 $60.00

$1,000.00 $40.00

$500.00 $20.00