Category Archives: Money Watch

Philippine Banks – PayPal

New! Withdraw Your Funds to Your Philippine Bank Account

 

Now you can add your Philippine bank account to your PayPal account, so you can withdraw your money directly to your bank. It saves you time and gives you faster access to your PayPal funds!

Plus, there is no charge to withdrawal amounts over PHP 7000*. So go ahead and add your bank account today!

That is the message I got from PayPal yesterday though I have read this in my PayPal account last Sunday. I am sure everybody from the Philippines got this message too. Hooray!

There is this teeny tiny bit of information one needs to know: there is PhP250.00 return charge if incorrect information is given. Still, this is good news. So call you local banks now and get it’s code and make that transfer from your PayPal account directly to your local bank. It is VERY important to get the codes right. Most Philippine banks, or at least those who will answer your queries will give you blank answers because they have no idea about what PayPal is or the PayPal Philippines Bank Codes are. There is a list of bank codes from the major banks in the Philippines from ebay.ph. If in doubt, call your local bank and ask them to be sure.

Below is a list of the Philippine banks code from ebay.ph:

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Worldwide Stocks Plunge

Fear of US recession makes worldwide stocks plunge to a new low. A lot of them out there are out of jobs due to more jobs being outsourced to other countries, particularly Asian countries where labor is cheap and quality is like so.

I have somehow heard on the evening news that the Philippine Stock Exchange had around 5% drop. So where does this lead us? Is the future grim for us? The biggest Philippine business companies listed had their stocks dropped. Finance secretary says we can withstand the crisis. Can we? Are we ready to tighten the belt and put some reins on our personal spending? This isn’t exactly news to me since we always keep a tight rein on our spending, lol!

As it is, my insurance company sent a notice that the two policies I have will drop its dividend in a reduce scale by 20% effective January 1, 2008. From 9.5% Dividend Accumulation Rate of the Peso down to 8%.

Well, Happy New Year to you too.