Just some PayPal funds transfer blahs
April 11, 2008
After learning about PayPal’s new withdrawal feature allowing fund transfer to local banks, I was very much excited to try it out and add my BPI savings account. But I was in Manila then, and can only access the Internet in a public computer. So I saved my excitement for few more days until I got back to Negros and was able to access my PayPal safely at home.
Withdrawal from PayPal to BPI was a success…I was grinning ear to ear until I noticed something in the transaction details few days after. The amount transferred to BPI was Php150 lesser than what should have been deposited. Hmmm… it meant BPI charged me for the incoming fund transfer from PayPal. What a disappointment!
So that explains why I got Php150 less the total amount when I did a test transfer from my UnionBank savings account to my BPI savings account last year. And recently my big sis transferred some dollars to my BPI account and I noticed the amount that reflected was way too low. I thought it was just some discrepancy in the conversion rates from dollar to peso.
Now I know better. I don’t transfer funds from PayPal to BPI now. I added my UnionBank savings account to PayPal and have been withdrawing funds from it many times already. So far, no charges for incoming funds. Yey to UnionBank. I’m eyeing BDO next time since it has a branch near our home. 
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