Send money from Canada to an RCBC account in the Phillipines

The Rizal Commercial Banking Corporation, Philippines

The Rizal Commercial Banking Corporation (RCBC) is one of the largest banks in the Philippines, with over 480 branches and 1,500 ATMs. RCBC provides a variety of services to its customers in investment banking, microfinance, foreign exchange, leasing, and remittances. RCBC has a huge focus on corporate social responsibility through its various projects supporting social and environmental initiatives. In 2020, RCBC was awarded the ‘Best Issuer for Sustainable Finance’ at the Asset Asian Awards.

Our transfer fee

From 0.00 CAD

Estimated delivery

N/A*

How to Send Money to the Philippines with RCBC

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

  • Step 1. Sign up for a Remitbee account. It’s free and easy. Your account will give you access to a private Remitbee Wallet and a secure account in our system.
  • Step 2. Provide us with personal details such as your full name, address and occupation. Verify your email and phone number.
  • Step 3. Tell us where you want to send your money. You can send a transfer directly to an RCBC account. Make sure to have the account number ready. Or, choose to have it picked up by your recipient.
  • Step 4. Check the CAD to PHP rate. If it’s all good, enter the amount you want to send, select the payment method that is convenient for you and confirm your transfer. The conversion rates may fluctuate daily, but the fees for each payment method are fixed and permanent.
  • Step 5. Track your money. At this point, you’ve done everything you need to do! See the progress of your money transfer to the Philippines on the Remitbee app.

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 RCBC?

There are many benefits to RCBC online banking and direct sending with Remitbee. Here’s a quick overview:

  • It’s safe and secured
  • It’s faster
  • Send money from the comfort of your home
  • The recipient can access their money as soon as the transfer goes through

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

  • Recipient’s name – Make sure you have the complete name on the account you are transferring. This will prevent delays in your transfer.
  • Address – Prepare the complete address of the recipient including the city, province, and postal/zip code
  • Bank name – in this case choose RCBC from the options
  • Account Number – This ensures it gets to your recipient’s account.

Cash Pickup

  • Name – Complete name as it appears on the recipient’s valid ID
  • Phone number – Enter the Philippine mobile number of the recipient.
  • Pickup Location – Name of the bank or other financial institution where the recipient will be picking up the money.

How Remitbee calculates the CAD to PHP Exchange Rate

Rates are assessed daily to bring you the most competitive PHP exchange rates on the market that way we can keep our fees as low as possible. There are small fees 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. You can check the fees again, if any, before you confirm your transaction. There are no hidden charges and you’ll see everything upfront.

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

There are several banks in the Philippines, just like there are in Canada and every other country around the world. When you use Remitbee, money is sent 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:

  • 50 CAD daily or up to 500 CAD monthly may be sent when you’re on Verification Level 1
  • 3,000 CAD daily, and up to 25,000 CAD monthly may be sent when you’re on Verification Level 2
  • 9,000 CAD daily, and up to 50,000 CAD monthly may be sent when you’re on Verification Level 3

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.

Download Remitbee Mobile App

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