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Tuesday, August 7, 2007

Withdrawing funds from Paypal - For Singaporean

What good is earning from program if you can't withdraw it somehow into your spending account (oopss i mean savings account...NOT!). Right?

I, myself, am fortunate enough to not encounter any problems while doing the Paypal fund withdrawal (3 times already) but I noticed a lot of members from Singapore seems to be having problems and being slapped with the reversal fee of $9.00! Not Sweet :-(

Anyway here are some tips to make sure your money arrive safely into your savings or spending account ;-)

  1. When registering with Paypal, please and please yet again, make sure you use the same name as in your bank account. This is the first crucial thing you have to remember.

  2. Make sure you have the correct bank name, example : UOB, OCBC. DBS
    • Please bear in mind you might be using POSB account but you are a DBS customer. The company POSB does not exist anymore. You are banking with DBS if your account number consist of 10 digit and a POSB bank if your account number has 9 digit
    • The bank code for POSB and DBS are the same which is 7171
    • Branch code for all POSB account holder is 081
    • For all other banks you can download the PDF file here. It consists of all codes based on your bank name and bank account number

  3. If you have a credit card, it is always better to get your account with paypal verified. However, you don't need to be verified to withdraw funds to your bank account.
That's it, sweet and simple. If you have any questions, please feel free to contact me.

Wootttt!!!!





Related Post: Paypal and You

3 comments:

  1. Hey really thanks for this tip. Was just going to withdraw funds. :) Very helpful indeed!

    ReplyDelete
  2. Glad I could help. It's so great to be able to withdraw all those money eh??

    Thanks for stopping by :-)

    ReplyDelete
  3. Glad I could help. It's so great to be able to withdraw all those money eh??

    Thanks for stopping by :-)

    ReplyDelete

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