I tried transfering my PayPal Funds to my Unionbank EON Cyberaccount and last October 14, 2008. It says the transfer will take 5-7 days and at the exchange rate of 1 U.S. Dollar = 45.8456 Philippine Pesos. I did not check my EON account since I was very busy last week. I remembered checking it today and indeed the funds were transfered to my EON cyberaccount.
Withdrawing funds to your bank account in the Philippines is free for P7,000.00 PHP or more, P50.00 PHP for P6,999.99 PHP or less. Just make sure you entered the correct bank information otherwise a return fee of P250.00 PHP will apply, and your bank may charge additional fees. For my transaction with Unionbank EON I did not notice any amont being charge except for the P50.
