I have been working online for the past 4 years but it was just recently when I decided to finally open a Unionbank Eon account. Paypal fund transfer to my BDO account is getting too costly since I find myself withdrawing every 3 months. That's already Php400 less per withdrawal to BDO as transfer fee if I both withdraw the dollars and pesos. With Unionbank however, that's free. You just need to pay Php350 annual fee.
Let me share with you a step by step process of opening your own Eon card. Note that this is based on my personal experience last May 2012.
Step 1: Go to http://www.unionbankph.com/ and click the EON tab.
Step 2: Choose Eon Online Application and click Apply Now
Step 3: Read carefully the bank's terms and conditions and click "Agree"
Step 4: You will now be asked to fill up the necessary information for your new account application (includes personal and business details). Take note of your preferred Pick up Branch. Click Submit.
Step 5: Wait for the sms that contains your reference number. You may already pick up your card at your preferred Unionbank pick up branch provided you have a complete set of requirements.
Step 6: Make sure you have your requirements before the bank visit - reference number, the Php350 annual fee, original and photocopy of 2 primary valid ID's. My chosen branch (Biñan-Carmona) requested for an additional copy of billing statement so I just handed them a photocopy of my latest credit card monthly statement.
Step 7: After you pay the Php350 annual fee, you can now get your Unionbank EON card that same day! Just wait til they print your name on your new card - one day processing! That's really fast right? I was just advised that I can use the card after 3 days.
3 days after, I enrolled for a CyberAccount, logged in after 48 hours then tried transferring my Paypal dollar balance and received it in less than a week. For those of you who have an online business or accept online jobs and transacts using Paypal, I assure you, having a Unionbank Eon account is a business friendly way to cut cost and transact faster.