As you have known I am working full time to a UK-based employer I met through oDesk so his payments for me are received through the oDesk system which I then transfer to Paypal for withdrawal. We agreed on a per week payment basis so basically I am receiving my weekly payments from him every Sunday.

I prepared a payment timeline for easy reference:

*Bank processing days takes about 2 – 5 days depending on the bank. Unionbank takes only 3-4 days including weekends (yes, including Saturdays and Sundays) but my 2 experiences with BDO varied. My first took two days and my last took 5 days!

oDesk to Paypal – $1

Paypal to Bank – Php50.00 if amount is less than Php7,000 otherwise it’s FREE.

Unionbank – Php0.00

BDO – Php200.00

BPI – Php200.00

So basically my deductions every payday if I use Unionbank is just $1 and Php50 (>Php100) if it’s below Php7000 but $1 + Php250 (>Php300) if I use other banks.