Philippines

Account channel

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 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
59Maya Bank, INC. 63239
60Tonik Digital Bank 63240
61UNION Digital Bank 63241