I just received this message a minute ago:

PayPal

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New! Withdraw Your Funds to Your Philippine Bank Account

Now you can add your Philippine bank account to your PayPal account,
so you can withdraw your money directly to your bank. It saves you
time and gives you faster access to your PayPal funds!

Plus, there is no charge to withdrawal amounts over PHP 7000*.
So go ahead and add your bank account today!
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Cool.. good to have paypal withdrawals to Philippine banks.