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Re: Local Funds Transfer - Philippines (BDO)

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Active Member
Sarah Monique B Member Since: Sep 11, 2016
Great, thanks so much!
Active Member
Cathy S Member Since: Nov 11, 2016

Hi Guys,

 

I'm using paypal. Does anyone here can recommend which bank is the best to use when transfering funds from paypal?

Active Member
Cristine R Member Since: Jan 5, 2017

Hi, I've been using EON card of Unionbank. I haven't tried others so I can't say this is the best, but this fits my preferences. 

Frequent Visitor
Ricianne Y Member Since: Apr 10, 2017
Use local bank transfer. It's cheaper and from my experience I just have to wait a day for my Upwork withdrawal.
Frequent Visitor
Shi Pauline P Member Since: Feb 20, 2018

Is there any additional charge from the local bank when you withdraw the fund from them, aside from the $0.99 deducted by Upwork?

Moderator
Avery O Moderator Member Since: Nov 23, 2015

Hi Shi Pauline, 

 

Because of our banking relationships, Upwork transfers are not currently charged any incoming remittance fees by the following banks:

  • Bank of Philippine Islands (BPI Direct and BPI Family Savings accounts don't qualify for this waiver)
  • Banco de Oro
  • Standard Chartered Bank

For other local banks, there is a service fee of Php 100 to Php 150 charge. You may verify this with your local bank. 


-Avery
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Frequent Visitor
Jonnah D Member Since: May 2, 2018

This is very helpful. Just the answer I was looking for. Thank you, Avery!

Active Member
Paolo Martin M Member Since: Nov 6, 2017
I just got in touch with BDO to check if the BRSTN Number that you have listed on your support docs is correct because I am having a hard time withdrawing my funds this month. First attempt failed and the funds are returned back to my upwork account. Second attempt, still waiting besides the fact that I was told in the payment has been processed email to expect the funds to arrive on 17 May 2018. Up until today (19 May 2018), the funds are still not in my bank account.

BDO said they don't have a BRSTN code for theit parent bank. What they do have and can give away is a SWIFT Code: BNORPHMM

Can you use that? I mean I still am waiting for my funds. I already have an open support ticket for it.




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Paolo M.
HTML/CSS Specialist, Frontend Developer, Bootstrap Genius
Frequent Visitor
Allane Marie P Member Since: Jul 2, 2018

Hi! I'm setting up my payment method for the first time here on Upwork and I have an account with BDO. After reading your post, I'm hesitant about withdrawing my funds through that bank. So, may I ask is this issue resolved? And how was it resolved? Thank you very much in advance!

Moderator
Avery O Moderator Member Since: Nov 23, 2015

Hi Allane Marie, 

I have met with a lot of Filipino freelancers who uses BDO as the bank for their Direct to Local Bank Transfers. If you have account in other local banks, you may use that instead.


-Avery
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