Transfer PayPal low balance to a bank account is possible. You can transfer money from PayPal wallet from a minimum of ₱10.00 up to ₱500.00 with a 1% transaction fee.
There are two ways to transfer PayPal low balance in your bank account, first is by linking Bank Account and the other one is linking Debit card. Transfer using bank account will take 1 to 3 days, while debit card typically done in minutes only.
In my case, I will be using a Visa debit card for fast processing.
Please see how to add a new debit card in PayPal here.
How to transfer PayPal low balance to bank account using Visa debit card
Convert your Foreign currency balance into Peso before fund transfer. For mobile apps, you need to login in web browser to convert foreign currency into Peso.
- Login to your PayPal account. From dashboard, click Transfer Funds.
- Select the bank debit card from the options, then click Next.
- Input the Transfer Amount and click Next to proceed.
- Review then click Transfer Amount, finally click Done to close.
Fund Transfer shall be done in minutes. Login to your UnionBank app to verify.
TIP | UnionBank allows you to make fund transfer for FREE. Totally free, just select PESOnet from the options. The transfer will take one to two banking days.
From UnionBank, you can now transfer funds to Gcash, Maya or ShopeePay.