I created a new tutorial on how to link Paypal to Unionbank EON account. I noticed that the process of verification with EON accounts is now a bit easier and simpler than the one I’ve experienced. 

Below is the summary of steps:

Unionbank does NOT need any minimum balance requirements. However, one must pay P350 to open up a bank account and the accompanying Unionbank EON card. That amount represents the annual fee of the card, which always due every year. If you fail to pay P350 on the following year, then the card is automatically deactivated.
Take note of the information written on the Unionbank EON card. The 16-digit number in groups of 4 at the front of the card is always referred to as the card number. The smaller number below your name is the bank account number. The bank account number IS THE ONE TO USE for verifying Paypal account.

You need the following:

  • EON card and bank account number
  • valid email address
  • valid phone number
  • valid postal mailing address which should be the same as the address indicated in your Unionbank EON card
  • at least $1.95 converted in Peso deposited in the EON account – this is around P200 in exchange rate at this time. That amount shall be taken away by Paypal for verification. (Note that $1.95 is returned back into one’s Paypal account after a successful verification).
Sign up for Paypal, choose Philippines then click the preferred account. Usually, a Personal Paypal account is enough. Make sure to use the same details that you had used with your Unionbank EON account. (If you want to know the difference between Personal, Premium or Business Paypal account, then read this previous post: Signing up with Paypal, which account is suitable?

Confirm your email address by clicking the link in the verification email that came from Paypal. You will need to enter your Paypal password to complete this step.

Go back to the Paypal page, and just below the welcome line with your name click on the Get Verified link.

Login to your Unionbank EON banking and search on the transaction history for the VISA Expanded USE charge.

Remember the 4 digits that appear after the word VISA.
Switch back to the Paypal page and enter those 4 digits into link and confirm your debit or credit card.

How to Activate “Withdraw to Bank Account” Feature

I always get to pay less fees and get those Paypal funds early using withdraw to bank account option.
Login to Paypal account.
Click Withdraw tab, then click Withdraw to your bank account.
Fill in the information required. Although the video demonstrated how to add a Unionbank bank account, ANY OTHER

PHILIPPINE BANK ACCOUNTS that are assigned Philippine bank codes by Paypal can be used: participating Philippine banks and their bank codes
BANK NAME
9 digit bank code
ALLIED BANKING CORP
010320013
AUSTRALIA NEW ZEALAND
010700015
ASIA UNITED BANK
011020011
BANGKO SENTRAL NG PILIPINAS
010030015
BANGKOK BANK
010670019
BANK OF AMERICA
010120019
BANK OF CHINA
011140014
BANK OF TOKYO
010460012
BANCO DE ORO (& EPCIB)
010530667
BANK OF COMMERCE
010440016
BANK OF THE PHIL ISLANDS
010040018
CHINA BANKING CORP
010100013
CHINA TRUST COMML BANK
010690015
CITIBANK N.A.
010070017
DEVT BANK OF THE PHILS
010590018
DEUTSCHE BANK
010650013
EAST WEST BANK
010620014
EXPORT & INDUSTRY BANK
010860010
FUJI BANK
010640010
HONGKONG AND SHANGHAI BANK
010060014
INTL COMML BANK OF CHINA
010560019
INTL EXCHANGE BANK
010680012
JP MORGAN CHASE BANK
010720011
KOREA EXCHANGE BANK
010710018
INTL NEDERLAND BANK
010660016
LAND BANK OF THE PHILS
010350025
MAYBANK OF THE PHILS
010220016
METROPOLITAN BANK & TRUST CO
010269996
PHIL BANK OF COMMUNICATION
010110016
PHIL TRUST COMPANY
010090039
PHIL NATIONAL BANK
010080010
PRUDENTIAL BANK
010150018
PHIL VETERANS BANK
010330016
RIZAL COMML BANKING CORP
010280014
SECURITY BANK & TRUST CO
010140015
STANDARD CHARTERED BANK
010050011
UNITED COCONUT PLANTERS BANK
010299995
UNION BANK OF THE PHILS
010419995
UNITED OVERSEAS BANK
010270189

Hope you Get something :)

If you don't have verified paypal accounts you can easily verify it using my virtual credit cards