Send money from Canada to a China Bank account in the Phillipines

China Banking Corporation, Philippines

China Banking Corporation (China Bank Philippines) is one of the leading banks in the Philippines which offers a variety of services to institutional and individual customers. China Bank has over 621 branches and continues to further economic development and entrepreneurship in the country. In 2020, China bank received the ‘Top 3 Philippine Publicly Listed Company (PLC)’ Award.

Exchange rate:

Our transfer fee

From 0.00 CAD

Estimated delivery

N/A*

How to Send Money to the Philippines with China Bank

Sending money to China Bank accounts in the Philippines is easy with Remitbee. It just takes six easy steps.

  • First, set up your Remitbee account. It’s free, easy, and gives you access to a private Remitbee Wallet and a secure account in our system.
  • Second, provide information about yourself, including your full name, address and occupation. Then, quickly verify your email and phone number.
  • Third, choose how you want your recipient to receive the money. Have the bank name and account number ready if you want to send money via bank transfer. Or, you can have the recipient pickup the cash from our partner agents.
  • Fourth, check the CAD to PHP rate. If it’s satisfactory, proceed to entering the amount you want to send, select your payment method and confirm your transfer. The conversion rates change daily, but the fees for each payment method are fixed and permanent.
  • Fifth, all done! Just track your online money transfer from the Remitbee app and watch as it arrives in the Philippines.
  • Sixth, let us do our job. We aim to provide a service fit for a hero. Anyone who sends money online to the Philippines to support their family deserves the best service for their efforts!

What are the benefits of sending directly to China Bank?

There are many benefits to sending directly to China Bank Philippines with Remitbee. Here’s a quick overview:

  • Guaranteed safe and secured than sending money offline
  • Blazing fast
  • No need to leave the comfort of your home
  • The recipient can access their money as soon as the transfer goes through

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

  • Recipient’s name – To prevent delays in your transfer, ensure that the name is complete and spelled correctly as it appears on bank statements.
  • Address – Complete address of the recipient including the city, province, and postal/zip code
  • Bank name – Choose China Bank from the options
  • Account Number – This ensures it gets to your recipient’s account so double check those numbers

Cash Pickup

  • Recipient’s Complete Name
  • Recipient’s Phone number
  • Pickup Location – Take a pick from our list of partner agents in the Philippines

How Remitbee calculates the CAD to PHP Exchange Rate

To bring you 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 choose to use bill, Interact or debit card payment methods, but you can also use the Remitbee Wallet without paying fees at any time. Fees are never hidden and you can see them in the application before you send money to the Philippines.

Which other banks in the Philippines can you send money to?

There are several bank options in the Philippines, just like there are in Canada and every other country around the world. No middlemen is involved so your money is sent directly from your Remitbee account to the bank account in the Philippines. Here are a few of the other branches you can use to send money from Canada to the Philippines with our service.

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.

Frequently Asked Questions

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.

If you verify your 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:

  • Interac Online - $2.99
  • E-transfer - Free
  • Bill Payment - Free
  • Electronic funds Transfer - Free
  • Visa or Mastercard Debit - $2.99+

The maximum amount of money you can send in PHP is dependent on the verification level. Here is a breakdown of the levels:

  • Level 1 of verification allows you to send only 50 CAD daily or up to 500 CAD monthly.
  • Level 2 of verification allows you to send up to 3,000 CAD daily, and up to 25,000 CAD monthly. This is the most recommended level.
  • For users who need to transfer larger amounts of money we also have a good option – Level 3. It 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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