PayPal Funds Withdrawal to bank account is cheaper than withdrawal to credit or debit card
Posted on October 28th, 2009 by malcolm
For countries besides the United States, PayPal generally charges lesser for withdrawal of your PayPal funds to your local bank account in comparison to withdrawal to credit or debit cards. Below is a brief comparison for Malaysian PayPal users.
| Withdraw to Credit or Debit cards | Withdraw to Malaysian Banks | |
| Maximum Daily Limit | USD 500/day | Unlimited |
| Withdrawal Fee | RM 20 / withdrawal or USD 5 / withdrawal depending on currency | Free for RM 400 or more. RM 3 / withdrawal for amount lesser than RM 400. |
To learn more on withdrawing your PayPal funds to you local bank account, read my blog post here.
How about if i would like to withdraw to my local bank (Maybank) from my paypal balance account in USD?? Does it involve currency convert?
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Malcolm: Hi Willie. Yes, there will be conversion since your local bank is in a different currency.