I have been using Paypal since last year to buy coins/chips for games and recently to accept payments for things I sell over the internet. You can now withdraw your Paypal funds using your local bank. Here are the Paypal codes for Phillippine Banks.
Bank Name - 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 (& EQUITABLE PCI BANK) - 010530667
BANK OF COMMERCE - 010440016
BANK OF THE PHIL ISLANDS (BPI) - 010040018
CHINA BANKING CORP - 010100013
CHINA TRUST COMML BANK - 010690015
CITIBANK N.A. - 010070017
DEVT BANK OF THE PHILS (DBP) - 010590018
DEUTSCHE BANK - 010650013
EAST WEST BANK - 010620014
EXPORT & INDUSTRY BANK - 010860010
FUJI BANK - 010640010
HONGKONG AND SHANGHAI BANK (HSBC) - 010060014
INTL COMML BANK OF CHINA - 010560019
INTL EXCHANGE BANK - 010680012
JP MORGAN CHASE BANK - 010720011
KOREA EXCHANGE BANK - 010710018
INTL NEDERLAND BANK - 010660016
LANDBANK OF THE PHILS - 010350025
MAYBANK - 010220016
METROPOLITAN BANK & TRUST CO - 010269996
PHIL BANK OF COMMUNICATION - 010110016
PHIL TRUST COMPANY - 010090039
PHIL NATIONAL BANK (PNB) - 010080010
PRUDENTIAL BANK - 010150018
PHIL VETERANS BANK - 010330016
RIZAL COMML BANKING CORP (RCBC) - 010280014
SECURITY BANK & TRUST CO - 010140015
STANDARD CHARTERED BANK - 010050011
UNITED COCONUT PLANTERS BANK - 010299995
UNION BANK OF THE PHILS (UBP) - 010419995
UNITED OVERSEAS BANK - 010270189
Bank Name - 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 (& EQUITABLE PCI BANK) - 010530667
BANK OF COMMERCE - 010440016
BANK OF THE PHIL ISLANDS (BPI) - 010040018
CHINA BANKING CORP - 010100013
CHINA TRUST COMML BANK - 010690015
CITIBANK N.A. - 010070017
DEVT BANK OF THE PHILS (DBP) - 010590018
DEUTSCHE BANK - 010650013
EAST WEST BANK - 010620014
EXPORT & INDUSTRY BANK - 010860010
FUJI BANK - 010640010
HONGKONG AND SHANGHAI BANK (HSBC) - 010060014
INTL COMML BANK OF CHINA - 010560019
INTL EXCHANGE BANK - 010680012
JP MORGAN CHASE BANK - 010720011
KOREA EXCHANGE BANK - 010710018
INTL NEDERLAND BANK - 010660016
LANDBANK OF THE PHILS - 010350025
MAYBANK - 010220016
METROPOLITAN BANK & TRUST CO - 010269996
PHIL BANK OF COMMUNICATION - 010110016
PHIL TRUST COMPANY - 010090039
PHIL NATIONAL BANK (PNB) - 010080010
PRUDENTIAL BANK - 010150018
PHIL VETERANS BANK - 010330016
RIZAL COMML BANKING CORP (RCBC) - 010280014
SECURITY BANK & TRUST CO - 010140015
STANDARD CHARTERED BANK - 010050011
UNITED COCONUT PLANTERS BANK - 010299995
UNION BANK OF THE PHILS (UBP) - 010419995
UNITED OVERSEAS BANK - 010270189
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