Withdraw funds from Paypal to your Philippine bank account

Good news everyone! You can now withdraw funds from your Paypal account directly to your Philippine bank account!

UPDATE!
An official announcement has been released by Paypal a few minutes ago. I just received an email from them. For your questions regarding this new feature of Paypal Philippines, go to this LINK.

I just saw it now when I opened my Paypal account and have seen this option when I try to withdraw funds.

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*Click image for a larger view

Check it out! Now we can withdraw funds without being charged the $5 fee. Yey!

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