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1.00 CAD

Fast and secure

Why choose China Bank Savings?

China Bank Savings (CBS) is a well-recognized thrift bank in the Philippines and a subsidiary of China Banking Corporation (China Bank), one of the nation's foremost universal banks. Established in 2007, CBS has gained a reputation as a reliable financial institution, providing a wide array of banking solutions tailored to the needs of both individuals and businesses.

Don’t just take our words for it

We have thousands of happy Remitbee users to back it up

Jocelyn Mendoza

Sending money to Philippines with RemitBee was a game-changer! They made it so simple and worry-free, I'm impressed!

Jose Reyes

I can't thank RemitBee enough for their amazing service. Sending money to my family in Philippines is now a joy!

Maria Garcia

RemitBee has become my trusted companion for sending money to Philippines. It's like they truly understand my needs!

Easy with Remitbee

How to Send Money to China Bank Savings

Register for a Free Remitbee Account

Begin by signing up for a complimentary Remitbee account, which gives you access to a secure Remitbee Wallet and your personal account.

Provide Your Personal Information

Share crucial personal details, including your full name, address, occupation, and complete email and phone number verification.

Enter Recipient's Banking Information

Input the recipient's bank details, including the bank name and account number, and choose between fund collection or direct deposit.

Review the Exchange Rate

Examine the CAD to PHP exchange rate, specify the transfer amount, choose your preferred payment method, and confirm the transaction. Please note that payment method fees remain consistent, regardless of exchange rate fluctuations.

Track Your Transaction

After completing all necessary steps, Remitbee will initiate the transfer, allowing you to conveniently monitor its progress through the Remitbee app as it makes its way to the Philippines.

Make a Positive Impact

Sending money online to support your family in the Philippines allows you to make a meaningful contribution, and our mission is to provide you with a service that deserves recognition.

Send to all major banks in Philippines

What information you’ll need to
complete the transfer

Wire transfer to bank account

Recipient's name: Ensure the recipient's name matches precisely with their bank records to prevent any transfer delays.
Address: Share the branch address to ensure accurate routing of funds to the recipient's city.
Bank name: Specify the name of the Philippine bank to which you intend to send the money.
Account Number: Include the recipient's account number for a smooth transfer to their account.

Cash pickup

Name – Verify that you have the complete name of the individual who will collect the funds.
Phone number – Provide the recipient's contact number.
Pickup Location – Share the name of the bank or other financial institution where the recipient will collect the funds.

How Remitbee calculates the CAD to PHP exchange rate

Our goal is to minimize fees and consistently update our rates to provide you with the most competitive exchange rates for the Philippine Peso and China Bank Savings forex rates available in the market. While there are nominal charges associated with bill payments, Interac, or debit card transactions, you also have the choice of utilizing the Remitbee Wallet without incurring any fees. We place a strong emphasis on transparency in all fee-related matters, and you can easily review them within the application before effortlessly initiating your money transfer to the Philippines.

What are the benefits of sending
directly to China Bank Savings?

Enhanced Security

Enjoy increased security compared to traditional offline methods.

Swift Transfers

Expedite the transfer process, ensuring your funds reach the intended recipient promptly.

Convenient Usage

Initiate the transfer effortlessly from the comfort of your home.

Instant Accessibility

Gain immediate access to your funds once the transfer is successfully completed.

Check our refer and earn program!

Discover the attractive referral program by RemitBee, presenting fantastic rewards! Earn a generous $20 reward for each successful referral and gift your friends a $10 reward upon their first transaction using your exclusive code. To qualify, your friend only needs to send a minimum of C$200 or exchange at least C$1,000. With abundant referral opportunities, embark on your earning journey with RemitBee today!

Best way to send money from Canada on the go

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.

Frequently Asked Questions

Can I send money to a China Bank Savings account using Remitbee?

Absolutely, you can! Remitbee is well-prepared to cater to your remittance requirements, as long as the transaction originates in Canada.

How can I pay for my money transfer to China Bank Savings?

You have the option to make your payment using Interac e-Transfer, Interac Online, bill payment, electronic funds transfer, or Visa or Mastercard Debit.

What delivery methods are available for the money transfers to the Philippines?

The funds will be rapidly transferred to China Bank Savings and promptly deposited into the recipient's account, allowing them to monitor the arrival of the funds. Typically, this procedure is completed within one business day, although in certain cases, it can be as fast as a matter of minutes.

What is the maximum amount I can send to a China Bank Savings account?

After your identity has been successfully verified on our platform, you can initiate transfers of up to 1,000 CAD per day, with a monthly transaction limit of 50,000 CAD

How much does Remitbee charge to send money to China Bank Savings 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 China Bank Savings account from Canada?

Here are the different Verification Levels and their associated sending limits:

Verification Level 1: At this level, you can send a maximum of 1,000 CAD per day and up to 3,000 CAD per month.
Verification Level 2 (Recommended): Upgrading to this level provides access to higher limits, allowing for daily transfers of up to 3,000 CAD and monthly transfers of up to 25,000 CAD.
Verification Level 3 (For Extensive Needs): With Verification Level 3, you can achieve even more substantial sending limits, enabling you to send up to 9,000 CAD daily and up to 50,000 CAD monthly

Stay tuned for Verification Level 4, currently in development, which will offer even more substantial sending limits. It's important to note that the verification process is a one-time requirement, and once verified, there's no need to submit any additional documents.