After a successful EON account application, I tried to withdraw my dollar fund balance from Paypal to my new Eon account.
Step 1: Log in to your paypal account at www.paypal.com
Step 2: Go to My Account and click Withdraw tab. Choose withdraw funds to your bank account.
Step 3: Type in the amount you wish to withdraw. Note the minimum withdrawal amounts (U.S. Dollars - $10.00 USD and Philippine Pesos P500.00 PHP) and choose Unionbank from the list of your bank accounts. Remember that less than Php7,000 withdrawals charges Php50 fee. But it's free for Php7,000 or more.
If you haven't linked your Unionbank Eon account, just click the "Add a bank account" option and type in all the information required. You will need your UnionBank account number (12 digits) and the UnionBank bank code (010419995)
Step 4: Review the details (see exchange rate for dollar withdrawal and if any there's any fee charged) and confirm the transfer. The transaction takes 2-4 business days to complete.