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I just wanted to share my successful withdrawal of funds from my PayPal account to my Philippine bank account at UnionBank. I transferred my funds last January 30, 2008 around 3:00Pm in the afternoon and the funds appeared on my UnionBank account yesterday, February 1, 2008. It only took 2 days to appear on my Philippine bank account.
Note: I have been withdrawing funds many times now from my PayPal to my debit card with a $5 charge. But with this PayPal to Philippine Bank withdrawal transaction, no charge is deducted and it is fast. This is great news indeed.
I will try to use BDO savings account next time when my PayPal funds is enough to be withdrawn. Get PayPal Account Now!
Screen captures of my Successful Withdrawal From PayPal To Philippine Bank Accounts:

PayPal Transaction

UnionBank transaction details
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Wow, this is great. Thanks for your post. Now, I feel more confident.