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.
Sending money to DBP accounts in the Philippines is easy with Remitbee. It just takes six easy steps.
There are many benefits to sending directly to DBP 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 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.
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.
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.