Docs

Philippines

Bank account

Service specification

TypeDescription
Direct to Bank 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 2,650,000 per day per Beneficiary

USD Payout
Maximum per transaction USD 10,000
Minimum per transaction USD 1.00
Compliance accumulated limit USD 50,350 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 bank

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 Development Bank of Philippines (DBP) 63189
16 Duetsche Bank 63190
17 East West Bank 63112
18 Equicom Savings Bank 63140
19 First Consolidate Bank 63191
20 HSBC 63134
21 HSBC Savings Bank 63135
22 Industrial Bank of Korea 63193
23 ISLA Bank 63194
24 JP Morgan Chase Bank 63196
25 Land Bank 63144
26 KEB Hana 63195
27 Malayan Bank 63197
28 Mega INTL COMML Bank Co LTD (ICBC) 63198
29 Metrobank 63116
30 Mizuho Bank Ltd (Fuji Bank) 63199
31 Partner Rural Bank (COTABATO) INC 63202
32 Philippine Bank of Communications (PBCOM) 63118
33 Phil Business Bank 63119
34 Philippine National Bank (PNB) 63132
35 Philippine Veterans Bank 63145
36 Philtrust Bank 63117
37 Producers Savings Bank Corp 63178
38 Philippine Saving Bank (PS Bank) 63121
39 OmniPay Inc previously known as PVBCC 63200
40 Rizal Commercial Banking Corporation (RCBC) 63124
41 Rizal Commercial Banking Corporation Savings Bank (RCBC) 63125
42 Robinsons Bank 63126
43 Security Bank 63127
44 Standard Chartered Bank 63205
45 Sterling Bank of Asia 63161
46 Shinhan Bank 63203
47 Sun Savings Bank Inc 63204
48 Yuanta Saving Bank Phils Inc (FKA TongYang) 63209
49 Union Bank of the Philippines 63041
50 United Overseas Bank Philippines (UOB) 63207
51 Wealth Development Bank 63208
52 BDO NETWORK BANK 63159
53 MayBank 63133
54 BANK OF PHILIPPINE ISLAND (USD) 63238
55 BDO UNIBANK (USD) 63210
56 Metrobank (USD) 63182
57Maya Bank, INC. 63239
58Tonik Digital Bank 63240
59UNION Digital Bank 63241
60CIMB Philippines63242