My EON card

Many of us has a relative or love one who works overseas to earn a living.

Overseas workers help their family in the Philippines through sending good amount of money via smartcash, moneygram, LBC padala, or the famous western union. All of these couriers are asking percentage of the total amount of money being handed to the exact recepient as their fees. Payments are depending on the amount of money to be transfered by the sender. It is very costly and inconvenient for both the sender and reciever to do cash transactions because you have to go to the establishment to make your transactions possible. But now a days, you can transfer your funds, recieve, withdraw online via Paypal and send funds in the philippines through EON card that is provided by the Unionbank of the Philippines. It is so easy as long as you follow the correct procedures in setting up your account. This is very helpful to those persons who are working abroad and sending money to their love one in philippines. I will share to you the procedures in getting an EON VISA ELECTRON ACCOUNT.

Step 1. Apply for an EON Visa Electron account via online at www.unionbankph.com. After completing the process wait for 5 banking days but some branches reaches up to 2 weeks. Then visit the Unionbank Branch where you specified in your application form and claim your card. Bring two IDs with you and have it xerox before going to the bank to avoid delay. Pay P350 pesos (yearly payment for a non-maintaining balance EON visa electron) and allow a week for your debit card to be activated. You need to deposit at least P200.00 for paypal purposes.

Step 2. Once activated, enroll your debit card at unionbank online banking for EON Cyber Account. Done? Go to your Paypal account and add your EON Visa electron as your credit card. The billing Address should be the same on what is reflected on your EON Cyber account. When approved, wait for 3 to 4 days and e-mail Unionbank Services online via your EON cyber account and ask for your Paypal Expanded Code. But I chose to call their hotline number at 84-186. Telephone number hotlines can also be located at the back of your EON card.

Step 3. Once you recieve the paypal Expanded Code, go to your paypal account and complete the verification process by filling out the expanded field. After recieving a confirmation that your account has been verified you are now ready to do paypal transactions.

Steps to withraw cash from Paypal to EON Visa Electron:

1. Log on to your Paypal account and click withdraw. complete the process andwait 3-5 banking days before your money will reach your EON Visa Electron account.

Tips
To Maximize the Paypal withdrawal transactions fee of 5 dollars, make sure tha you will only withdraw when you resach the 500$ limit. That is the Maximum amount to be withdraw daily.

You will notice that only $495 will be deposited to your bank account, that is because of the $5 transaction fee being deducted.