Good news to Paypal-Unionbank users!
Update: For those who do not know Unionbank’s web site URL, here it is: https://www.unionbankph.com. You can apply for a Unionbank savings account or EON online.
Yay! Transfer from Paypal account to Unionbank account is faster now than before! Mine took a little less than 2 days to get the USD credited to my account!
I use Paypal for the paid programs I am a member of. When I need to withdraw my USD from my Paypal account, I transfer it to my local bank account. I have a Unionbank savings account. I noticed last week that the email coming from Paypal saying that you withdrew money from your account says that the transfer will be complete in 2-5 days, if there are no glitches. Before, the email says that the withdrawal and transfer will be complete in 5-7 days.
Last Tuesday, March 10, I withdrew my USD from Paypal to my Unionbank account. Normally, it will get credited after 3-4 days. But lo and behold! I checked my Unionbank savings account a few hours ago and the amount is already credited! It took a little less than 2 days for the transaction to complete!
So now, Paypal-Unionbank users, withdrawal to your bank account is much faster than before. I am not sure if it is the same with other local banks. Let me know if you are also using other than Unionbank, if the transfer is as fast as this.