Unionbank EON Application for Paypal Funds Withdrawal

I know that there are still a lot of Pinoys out there who are wondering how they can withdraw their Paypal funds that they've earned from making money online. If you're an online money maker like me, having a Unionbank Visa Electron/EON card/account is a MUST.

I can assure you that having your own Unionbank EON Account/card gives you the most convenience (and savings) when withdrawing your Paypal funds. Why?

*You can use your Unionbank EON card/account to verify your Paypal account.
*No maintaining balance requirement (MBR) for an EON account. So, you can choose to
withdraw all your money or leave some for your next withdrawal without worrying about any
fees.
* Unionbank doesn't charge you any fees for withdrawing your money to your Paypal account, unlike other banks that charge you about Php 200.00 per Paypal transfer.
* You can access your Unionbank EON account online through Unionbank's CyberAccount.

Now, I hope I've already convinced you that you MUST get your own Unionbank EON card. By the way, you can even save more when making ATM withdrawals by linking your Unionbank EON account to your SmartMoney account. Details of that on my next post.

So, what do you need to do and how do you apply for a Unionbank EON account?

Application for a Unionbank EON Card

1. You need at least two (2) valid photo IDs and you need to photocopy them. I suggest bring 2 photocopies of your 2 photo IDs. They will keep the photocopies with them for their records.

You can submit any of the following valid IDs:

* Passport
* Current Driver's License (accompanied by the OR when you applied for it)
* Professional Regulation Commission (PRC) ID
* Major credit cards WITH photo
* Permit to Carry Firearms
* New or Laminated Social Security System (SSS) ID
* Tax Identification (TIN) Card
* Company ID
* Postal ID
* Voter's ID
* Current School ID for students
* Senior Citizen Card

2. You need Php 350.00 to cover the Visa Electron/EON annual fee and card issuance.
If you're going to use your Unionbank EON card to verify your Paypal account, I suggest you also bring the initial deposit of at least Php 200.00 that will be used for the verification process. Don't worry, that amount will be refunded to you by Paypal once your account with them has been verified.

3. Go to a Unionbank branch nearest you and fill up the application form for the Visa Electron/EON card.
Ask for their contact number so you can call them to follow up on your card.

4. Wait for seven (7) banking days for processing.

5. On the 7th banking day, call the branch and ask if your card is already available for pickup.

6. When you pickup your EON card, ask the bank when it will be activated so you can change the PIN. By the way, along with the EON card, you'll also be handed a sealed paper that contains your 4-digit PIN.

7. Once your EON card is activated (usually it takes about 24 hours), go to the nearest Unionbank ATM and change your PIN. Please make sure you memorize it, okay?

That's it. Now you're ready to withdraw your Paypal funds to your Unionbank EON card. I suggest you enroll your EON account to Unionbank's CyberAccount so you can check your balances or even transfer funds without going to an ATM or the bank.

Once you receive your Unionbank EON card, it's highly advisable that you enroll it to CyberAccount so you can check your account online. Here's how:

1. Go to Unionbank's website: www.unionbankph.com

2. Click on EON Cyber Account under "Access your account here". A new window should popup so make sure your popup blocker is off or not blocking it.

3. On the new window, click on ENROLL HERE under "Start banking online with your EON!".

4. On the next page, you'll be asked for your ATM card number and PIN number.

5. On the next screen, simply fill up the form completely with your desired EON CyberAccount username/login and password.

6. Wait for 2 to 4 banking days for your EON CyberAccount to be activated. Check your email or try logging into the CyberAccount page to check.

That's it! After this, you can now withdraw your Paypal funds to your Unionbank EON account.