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.
Sending money to China Bank accounts in the Philippines is easy with Remitbee. It just takes six easy steps.
There are many benefits to sending directly to China Bank Philippines 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
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.
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.
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.
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:
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.
Created for our customers on the go, the Remitbee app has all the functionality you expect from the website compacted into your iPhone or Android device! Designed for speed, efficiency and safety, our app is the best way to use Remitbee.