Send money from Canada to a BDO bank account in the Philippines
BDO Bank, Philippines
Banco de Oro (BDO) is the largest bank in the Philippines today, with more assets than any other bank and over 1,400 branches and 4,400 ATMs across the country. As a universal bank, it offers banking and investment services to individuals and corporations and assists with stock brokerage and insurance. It was named the 2018 ‘Best Bank in the Philippines’ by Finance Asian and Alpha Southeast Asia.
How to Send Money to the Philippines with BDO
Sending money to BDO bank accounts in the Philippines is easy with Remitbee. It just takes six easy steps.
- Set up an account. It’s free and easy. Plus, you get an access to a private and secured Remitbee wallet
- You will then be asked to provide information about yourself, including your full name, address and occupation. Then, you will proceed to verifying your email and phone number.
- Choose where you want to send your money then fill up the bank details of the recipient, including bank name and account number, if you’ve chosen to send it to a bank account. Otherwise, another option is to have the recipient pick up the cash from our partner agents.
- Check the CAD to PHP rate. If the CAD to PHP is favorable to you, you may now enter the amount you wish to send, select payment method, and confirm your transfer. The conversion rates fluctuate daily, but fees for each payment method shall remain as always.
- You’re all done! Just track the money on your Remitbee app and watch as it arrives in the Philippines.
- Your hard work deserves a service fit for a hero. Only the best online service for the one who provides the rest.
What are the benefits of sending directly to BDO?
There are many benefits to sending directly to BDO online with Remitbee. Here’s a quick overview:
- Security is better than sending offline
- It’s faster
- You can do it from your own home
- Easy access for the recipient through BDO’s online banking
What information you’ll need to complete the transfer
Here is the information that you’ll need to complete the transfer through Remitbee. There are two separate delivery methods that have different requirements:
Wire transfer to a bank account
- Complete name of the recipient. Make sure it is exactly how it appears on bank statements to avoid delays in your transfer.
- Complete address of the recipient including the city, province, and postal/zip code
- Bank name - in this case choose Banco De Oro from the options
- Account Number – This ensures it gets to your recipient’s account.
Cash Pickup
- Complete name of the recipient picking up the money
- Phone number of the recipient
- Pickup Location – choose from one of our partner locations in the Philippines
How Remitbee calculates the CAD to PHP Exchange Rate
To be able to bring the most competitive PHP exchange rates on the market, we try to keep our fees as low as possible and assess rates daily. Small fees are charged when you use bill, interact or debit card payment method, but you can take advantage of Remitbee Wallet to send money for free. You can always see the fees being charged to you before sending the money to.
Send money to all major Filipino Banks
How international money transfers work
International wire transfers take place using the SWIFT network. Transfer instructions are sent from the sender’s bank to the recipient’s bank and any fees are assessed before the transfer is approved. One of the banks will calculate the exchange rate CAD to PHP, and the money is moved between accounts.
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Frequently Asked Questions
Can I send money to a BDO account using Remitbee?
Yes, you can!
How can I pay for my money transfer to BDO?
Interac e-Transfer, Interac Online, Bill payment, Electronic Funds Transfer or Visa or Mastercard Debit are your options.
What delivery methods are available for BDO money transfers to the Philippines?
The transfers typically take between 1 and 2 days, but some transfers happen instantly.
What is the maximum amount I can send to a BDO account?
You can send up to 9,000 CAD per day, with a maximum of 50,000 CAD per month, if you verify your identity on our platform.
How much does Remitbee charge to send money to Philippines bank accounts?
Any transfer over 500 CAD is free. Transfers below 500 CAD are subject to the following fees:
- Interac Online - $2.99
- E-transfer - Free
- Bill Payment - Free
- Electronic funds Transfer - Free
- Visa or Mastercard Debit - $2.99+
What is the maximum amount you can transfer to a BDO account from Canada in PHP?
The maximum amount of money you can send in PHP is dependent on the verification level. Here is a breakdown of the levels:
- Verification Level 1 allows you to send only 50 CAD daily or up to 500 CAD monthly.
- Verification Level 2 allows you to send up to 3,000 CAD daily, and up to 25,000 CAD monthly.
- Verification Level 3 allows you to send 9,000 CAD daily, and up to 50,000 CAD monthly.
We are also working on Verification Level 4 to provide our customers with even higher sending limits. Remember, that verification is a one-time process. Once you have been verified, there is no need to provide any other documents.
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