Send money from Canada to a DBP account in the Phillipines

Development Bank of the Philippines

The mission of the Development Bank of the Philippines (DBP) is to further sustainable economic growth, and it has done so through its emphasis on providing services to agricultural and industrial enterprises. Furthermore, DBP online banking services help to assist individuals with all of their financial needs. At the Asset Country Awards 2020, BDP was presented with the ‘Best Sustainability Bond for a Financial Institution’ award.

Exchange rate:

Our transfer fee

From 0.00 CAD

Estimated delivery

N/A*

How to Send Money to the Philippines with DBP

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

  • Get your free account by signing up. It’s easy and gives you access to a private Remitbee Wallet and a secure account in our system.
  • Have your personal information ready such as your full name, address and occupation then follow the steps to verify your email and phone number.
  • Choose how you want the money to be received. Have the bank name and account name ready, if you’re going to send to a bank account. Otherwise, browse through our list of partner agents for cash pick up and see where’s the most convenient location for your receiver.
  • Time to review the CAD to PHP rate. Once the exchange rate for CAD to PHP is satisfactory, enter the amount you wish to send, select your preferred payment method and confirm your transfer. The conversion rates change daily, but the fees for each payment method are fixed and permanent.
  • That’s it, you’re all done. Just track your money on the Remitbee app so you’ll know the progress of your money transfer to DBP Bank in the Philippines.
  • Our job is to help 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 DBP?

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

  • 100% safe and secure
  • It’s faster
  • No need to leave the house to send money
  • Easy access for your recipient. They can check the transfer through online banking and withdraw the funds easily.

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. To prevent delays, make sure it’s spelled correctly and exactly how it appears on bank statements
  • Complete address of the recipient including the city, province, and postal/zip code
  • Bank name – Development Bank of the Philippines (DBP)
  • Account Number – This ensures it gets to your recipient’s account.

Cash Pickup

  • Complete name of the recipient
  • Phone number of the recipient
  • Pickup Location – choose from our several convenient locations

How Remitbee calculates the CAD to PHP Exchange Rate

To be able to bring the most competitive PHP exchange rates on the market, we assess rates daily and try to keep our fees as low as possible. A small fee is charged when you choose to use bill, interact, or debit card payment method, but you can also use the Remitbee Wallet without paying fees at any time. Fees are very transparent with Remitbee because you can check and see them in the application before you send money to the Philippines.

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

Various banks are available in the Philippines, just like there are in Canada and every other country around the world. When you use Remitbee, we send your money 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.

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:

  • Verification Level 1 - It will allow you to send only 50 CAD daily or up to 500 CAD monthly.
  • Verification Level 2 - It will allow you to send up to 3,000 CAD daily, and up to 25,000 CAD monthly.
  • Verification Level 3 - For users who need to transfer larger amounts of money this is the option for you. It will allow 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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