Philippines
Account channel
Service specification
Type | Description |
Direct to Bank method | Direct 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 availability | Philippines nationwide |
Account Verification | No Account Verification. |
Amount received | Beneficiary received net amount as specified by Sender. |
Transaction Limit | PHP 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 Beneficiary | No restriction |
Service Charge | Transaction 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 Process | Cancellation is on best effort basis. |
Remarks | |
Do_Transfer bAccType Value | 1 |
Supported bank
No | Name | Issuer 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 | Mizuho Bank Ltd (Fuji Bank) | 63199 |
33 | Partner Rural Bank (COTABATO) INC | 63202 |
34 | Philippine Bank of Communications (PBCOM) | 63118 |
35 | Phil Business Bank | 63119 |
36 | Philippine National Bank (PNB) | 63132 |
37 | Philippine Veterans Bank | 63145 |
38 | Philtrust Bank | 63117 |
39 | Producers Savings Bank Corp | 63178 |
40 | Philippine Saving Bank (PS Bank) | 63121 |
41 | OmniPay Inc previously known as PVBCC | 63200 |
42 | Rizal Commercial Banking Corporation (RCBC) | 63124 |
43 | Rizal Commercial Banking Corporation Savings Bank (RCBC) | 63125 |
44 | Robinsons Bank | 63126 |
45 | Security Bank | 63127 |
46 | Standard Chartered Bank | 63205 |
47 | Sterling Bank of Asia | 63161 |
48 | Shinhan Bank | 63203 |
49 | Sun Savings Bank Inc | 63204 |
50 | Yuanta Saving Bank Phils Inc (FKA TongYang) | 63209 |
51 | Union Bank of the Philippines | 63041 |
52 | United Overseas Bank Philippines (UOB) | 63207 |
53 | Wealth Development Bank | 63208 |
54 | BDO NETWORK BANK | 63159 |
55 | MayBank | 63133 |
56 | BANK OF PHILIPPINE ISLAND (USD) | 63238 |
57 | BDO UNIBANK (USD) | 63210 |
58 | Metrobank (USD) | 63182 |
59 | Maya Bank, INC. | 63239 |
60 | Tonik Digital Bank | 63240 |
61 | UNION Digital Bank | 63241 |