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1.00 CAD

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Why choose The Development Bank?

The Development Bank of the Philippines (DBP) is a government-owned financial institution established in 1947, dedicated to fostering the socioeconomic development of the Philippines. DBP is a vital partner in providing financial services and support across various sectors. It specializes in financing projects that contribute to the country's growth, offering a wide range of tailored financial products and services to individuals, businesses, and government entities. One of its key areas of focus is providing loans and credit for infrastructure development, supporting the construction of critical infrastructure like roads, bridges, schools, and hospitals, ultimately promoting economic growth and improving the quality of life for Filipinos.

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 The Development Bank

Register for a Free Remitbee Account

Start by signing up for a complimentary Remitbee account, granting access to a secure Remitbee Wallet and your personal account.

Provide Your Personal Information

Share essential 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 travels to the Philippines.

Make a Positive Impact

Sending money online to support your family in the Philippines enables 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: Please ensure that the recipient's name precisely matches their bank records to avoid any transfer delays.
Address: Share the branch address to ensure the 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 to facilitate a smooth transfer to their account.

Cash pickup

Name – Kindly verify that you have the complete name of the individual who will be collecting the funds.
Phone number – Provide the recipient's contact number for coordination.
Pickup Location – Specify the name of the bank or other financial institution where the recipient will be collecting 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 DBP forex rates available in the market. Although there are nominal charges associated with bill payments, Interac, or debit card transactions, you also have the choice to utilize the Remitbee Wallet without incurring any fees. We emphasize transparency in all fee-related aspects, 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 The Development Bank?

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 DBP account using Remitbee?

Absolutely, you can! Remitbee is fully prepared to cater to your remittance requirements, as long as the transaction initiates from within Canada.

How can I pay for my money transfer to DBP?

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 money will be rapidly transferred to DBP and promptly deposited into the recipient's account, allowing them to monitor the funds' arrival. Usually, this procedure is completed within one business day, but in certain instances, it can be as swift as a matter of minutes.

What is the maximum amount I can send to a DBP account?

Once your identity has been successfully verified on our platform, you can begin sending 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 DBP 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 DBP account from Canada?

Here are the various Verification Levels and their corresponding 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 grants 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.

Please stay tuned for Verification Level 4, which is currently in development and will offer even more generous 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.