Withdraw money from Etoro to your USD Bank Account – Regular Bank Transfer method

So I have a BPI account that is USD dominated, I want to try if Etoro can send me money to that bank account in times I need to withdraw my money

I started off by withdrawing $30

It asked that the fee would cost $5

For the SWIFT code I used: “BOPIPHMMXXX”

So the withdrawal request was made on the 12th of May, and they emailed me on the 16th that they have processed it already:

And my bank received it on the 16th as well:

But the thing is, I only received $18.50 (-29.89%), that’s $6.50 in fees! ????

Conclusion

It’s definitely not worth it for small transactions. There ought to be another test with larger transaction.