Philippines

Account channel

Service specification

TypeDescription
Cash-out MethodDirect credit to bank account in Philippines Peso (PHP).
Supported Beneficiary account type – Individual and Company.
Supported Sender type - Individual and Company.
Transaction Turnaround Time· Instant real-time * (Within 15 minutes). Transaction can be done on 24 x 7 basis (Highlighted in Bold and Italic as below).
· Instant real-time * (Within 15 minutes). Transaction can be done on 24 x 7 basis (Highlighted in Italic as below) for amount under PHP 50,000.
· T+1 Philippines Banking day for transaction received before 12.00pm (Mon-Fri) GMT +8 for amount above PHP 50,000.
· T+2 Philippines Banking day for transaction received after 12.00pm (Mon-Fri) GMT +8 for amount above PHP 50,000.
. May take up to T+3 Philippines Banking day to complete refund process from rural banks (Highlighted in Underline as below).
Area availabilityPhilippines nationwide
Account VerificationNo Account Verification.
Amount receivedBeneficiary received net amount as specified by Sender.
Transaction LimitPHP Payout
Maximum per transaction PHP 500,000
Minimum per transaction PHP 10.00
Compliance accumulated limit PHP 500,000 per day per Beneficiary

USD Payout
Maximum per transaction USD 10,000
Minimum per transaction USD 1.00
Compliance accumulated limit USD 10,000 per day per Beneficiary

Transaction will be on hold for compliance review based on the supporting document should the sender or receiver has exceeded the compliance limit.
Maximum BeneficiaryNo restriction
Service ChargeTransaction Fee will not be refunded once the Transaction is accepted by the gloRemit® Service System and submitted by the gloRemit® Service System to the Payout Channel.
Cancellation ProcessCancellation is on best effort basis.
Remarks
Do_Transfer bAccType Value1

Supported banks

NoNameIssuer Code
1 Al Amanah Islamic Investment Bank 63175
2 ANZ Bank 63184
3 Asia United Bank 63102
4 Bangkok Bank Public Co Ltd 63187
5 Bank Of America 63185
6 Bank of China 63186
7 BDO Unibank 63053
8 Bank of Commerce 63152
9 Bank of Philippine Island (BPI) 63153
10 BPI Family 63154
11 China Bank 63106
12 China Bank Savings 63107
13 Chinatrust Bank (CTBC) 63108
14 CITIBANK (Philippines) 63109
15 Citystate Savings Bank 63111
16 Development Bank of Philippines (DBP) 63189
17 Duetsche Bank 63190
18 East West Bank 63112
19 Equicom Savings Bank 63140
20 First Consolidate Bank 63191
21 HSBC 63134
22 HSBC Savings Bank 63135
23 Industrial Bank of Korea 63193
24 ISLA Bank 63194
25 JP Morgan Chase Bank 63196
26 Land Bank 63144
27 KEB Hana 63195
28 Malayan Bank 63197
29 Maybank Philippines 63157
30 Mega INTL COMML Bank Co LTD (ICBC) 63198
31 Metrobank 63116
32 Metrobank (USD) 63182
33 Mizuho Bank Ltd (Fuji Bank) 63199
34 Partner Rural Bank (COTABATO) INC 63202
35 Philippine Bank of Communications (PBCOM) 63118
36 Phil Business Bank 63119
37 Philippine National Bank (PNB) 63132
38 Philippine Veterans Bank 63145
39 Philtrust Bank 63117
40 Producers Savings Bank Corp 63178
41 Philippine Saving Bank (PS Bank) 63121
42 OmniPay Inc previously known as PVBCC 63200
43 Rizal Commercial Banking Corporation (RCBC) 63124
44 Rizal Commercial Banking Corporation Savings Bank (RCBC) 63125
45 Robinsons Bank 63126
46 Security Bank 63127
47 Standard Chartered Bank 63205
48 Sterling Bank of Asia 63161
49 Shinhan Bank 63203
50 Sun Savings Bank Inc 63204
51 Yuanta Saving Bank Phils Inc (FKA TongYang) 63209
52 Union Bank of the Philippines 63041
53 United Coconut Planters Bank (UCPB) 63029
54 United Overseas Bank Philippines (UOB) 63207
55 Wealth Development Bank 63208
56 ASIA UNITED BANK (USD) 63211
57 ANZ BANK (USD) 63212
58 BANGKOK BANK PUBLIC CO LTD (USD) 63213
59 BANK OF CHINA (USD) 63214
60 BANK OF COMMERCE (USD) 63215
61 CITIBANK (PHILIPPINES) (USD) 63216
62 CHINATRUST BANK (USD) 63217
63 DEVELOPMENT BANK OF PHILIPPINES (USD) 63218
64 EAST WEST BANK (USD) 63219
65 HSBC (USD) 63220
66 INDUSTRIAL BANK OF KOREA (USD) 63221
67 KEB HANA (USD) 63222
68 LAND BANK (USD) 63223
69 MALAYAN SAVINGS BANK (USD) 63224
70 MAYBANK PHILIPPINES (USD) 63225
71 MEGA INTL COMML BANK CO LTD (USD) 63226
72 MIZUHO BANK LTD (USD) 63227
73 PHILIPPINE BANK OF COMMUNICATIONS (USD) 63228
74 PHILIPPINE VETERANS BANK (USD) 63229
75 RIZAL COMMERCIAL BANKING CORPORATION (USD) 63230
76 RIZAL COMMERCIAL BANKING CORPORATION SAVINGS BANK (USD) 63231
77 SECURITY BANK (USD) 63232
78 SHINHAN BANK (USD) 63233
79 STANDARD CHARTERED BANK (USD) 63234
80 UNION BANK OF THE PHILIPPINES (USD) 63235
81 UNITED COCONUT PLANTERS BANK (USD) 63236
82 UNITED OVERSEAS BANK PHILIPPINES (USD) 63237
83 BANK OF PHILIPPINE ISLAND (USD) 63238
84 BDO NETWORK BANK 63159
85 MayBank 63133