Established in 1851, the Bank of the Philippine Islands (BPI) is the first bank in Southeast Asia and continues to play an important role in the lives of Filipinos across the country. The Bank of the Philippine Islands has over 800 branches in the Philippines, Hong Kong, and Europe, and nearly 3,000 ATMs and CAMs. In 2020, BPI was regarded as the ‘Best Bank in the Philippine’s by Euromoney.
Sending money to BPI accounts in the Philippines is easy with Remitbee. It just takes six easy steps.
There are many benefits to sending directly to BPI online with Remitbee. Here’s a quick overview:
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
Rates are assessed daily to keep our fees as low as possible and to bring you the most competitive PHP exchange rates on the market. When you choose to use bill, interact, or debit card payment methods, there are minimal fees to pay, but you can also use the Remitbee Wallet so you don’t have to pay for fees anymore. We are upfront about any fees, and you can see them in the application before you send money to the Philippines.
There are several banks in the Philippines, just like there are in Canada and every other country around the world. With Remitbee, your money is sent directly from your account with us to the bank account in the Philippines without passing it through other middlemen. Here are a few of the other branches you can use to send money from Canada to the Philippines with our service.
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.
Yes, you can!
You can choose to pay using Interac e-Transfer, Interac Online, Bill payment, Electronic Funds Transfer or Visa or Mastercard Debit.
The transfers typically take between 1 and 2 days, but some transfers happen instantly.
With a verified identity on our platform, you can send up to 9,000 CAD per day, with a maximum of 50,000 CAD per month.
Any transfer over 500 CAD is free. Transfers below 500 CAD are subject to the following fees:
The maximum amount of money you can send in PHP is dependent on the verification level. Here is a breakdown of the levels:
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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