Withdrawing Paypal fund to a bank account is easy to do. I have done this several times using my Eon unionbank account. The processing time would take 2-4 business days for banks in the Philippines and 3-4 business days for banks in the U.S. but based in my experience I received the Paypal fund to my bank account in two days. To withdraw Paypal fund, under my account you click on Withdraw. There are two options for withdrawing funds from your PayPal account: Withdraw funds to your bank account and Withdraw funds to your card. Withdrawing funds in the Philippines would cost you a charge of P50.00 PHP for P6,999.99 PHP or less and free for P7,000.00 PHP or more.
After withdrawal, you can view the transaction details as shown below and a unique transaction ID is provided.
After two days, I have received the Paypal fund to my Eon Unionbank account as shown below. In my case it was credited to my account on the second day so I am happy for that. There is a P50.00 PHP charge deducted to the total amount that I withdraw because it is less than P6,999.99 PHP.