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Philippines
| Type | Description |
|---|---|
| Direct to Bank Method |
Direct credit to bank account in Philippines Peso (PHP)
Supported sender type - Individual and Corporate. Supported beneficiary type – Individual and Corporate |
| Transaction Turnaround Time |
Instant real-time * (Within 15 minutes). Transaction can be done on 24 x 7 basis for amount under PHP 50,000
For amount of PHP50,001.00 and above, we will automatically send this via Pesonet Pesonet Transaction received before cut off timing will be credited same date Cut-off time is 3 PM Manila Std Time. Transactions received post cut off time will be credited on [T+1] Subjected to Singapore office timing and funds being received |
| Area availability | Philippines nationwide |
| Account received | Amount received Beneficiary received net amount as specified by sender |
| Transaction Limit |
Compliance Limit : PHP 500,000.00
Transaction will be on hold for compliance review based on the supporting document should the sender or receiver has exceeded the compliance limit |
| Service Charge | Transaction fee will not be refunded upon submitted to the banks |
| Cancellation Process | Cancellation is on best effort basis |
| Type | Description |
|---|---|
| Cash-out Method |
Cash pick up Philippines Peso (PHP) at any supported outlets
Supported sender type - Individual Supported beneficiary type – Individual |
| Transaction Turnaround Time |
Within 15 minutes
Transactions sent on public holidays to Philippines will be processed on the next business day. Subjected to Singapore office timing and funds being received |
| Area availability | Philippines nationwide |
| Amount received | Beneficiary to be received the payout in the nearest PHP 10.00 |
| Transaction Limit |
LBC Express: Max Transaction Limit: PHP 100,000
RD Rawnshop: Max Transaction Limit: PHP 300,000 Robinsons Department Store: Max Transaction Limit: PHP 100,000 M Lhuillier Pawnshop: Max Transaction Limit: PHP 250,000 Palawan Pawnshop: Max Transaction Limit: PHP 175,000 Villarica Pawnshop: Max Transaction Limit: PHP 500,000 Cebuana Lhuillier Pawnshop: Max Transaction Limit: PHP 50,000 Pera Hub: Max Transaction Limit: PHP 50,000 |
| Service Charge | Transaction fee will not be refunded for cancellation |
| Cancellation Process | Cancellation is on best effort basis |