Send money from Canada to a Security Bank account in the Phillipines

Security Bank Corporation, Philippines

Security Bank Philippines is a leading bank in the country and offers a variety of services in financing, foreign exchange, stock brokerage, investment banking, leasing, and asset management to its clients. Security Bank is rapidly expanding its branches and ATMs across the country and has partnered with MUFG Bank to create financial opportunities for branch expansion. In 2020, Security Bank was awarded the ‘Best Structured Finance Deal’ and ‘Best IPO’ at The Asset Country Awards.

Exchange rate:

Our transfer fee

From 0.00 CAD

Estimated delivery

N/A*

How to Send Money to the Philippines with Security Bank

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

  • Step 1. Sign up for your free Remitbee account. This is free, easy, and gives you access to a private Remitbee Wallet and a secure account in our system.
  • Step 2. Provide us with information about yourself, including your full name, address and occupation. Then, follow the steps to quickly verify your email and phone number.
  • Step 3. Tell us how you want the money to be received - to a bank account or cash pickup. Bank name and account number is needed when sending to a bank account.
  • Step 4. Check the CAD to PHP rate. Once the exchange rate for CAD to PHP is satisfactory, enter the amount you want to send, select your payment method and confirm your transfer. The conversion rates fluctuate daily, but the fees for each payment method are fixed and permanent.
  • Step 5. Congratulations, you’re all done. Sit back and relax as we send your money to the Philippines. You can check the status and track the progress in your Remitbee app.

Heroes deserve the best. We support anyone who sends money online to the Philippines to support their family.

What are the benefits of sending directly to Security Bank?

There are many benefits to sending to Security Bank online with Remitbee. Here’s a quick overview:

  • Safe and secure than sending money offline
  • Fast transfer
  • Conveniently send money from your own 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

  • Complete name of the Recipient – Make sure to double check the spelling to avoid delays
  • Complete address of the recipient including the city, province, and postal/zip code
  • Bank name – in this case choose Security Bank from the options
  • Account Number – This ensures it gets to your recipient’s account.

Cash Pickup

  • Complete name of the receiver
  • Phone number
  • Pickup Location – choose from one of our several partner locations in the Philippines

How Remitbee calculates the CAD to PHP Exchange Rate

Fees are kept as low as possible and by assessing rates daily to bring you the most competitive PHP exchange rates on the market. When you choose to use bill, Interact or debit card as your payment methods, there is a small fee to pay. However, you can also use the Remitbee Wallet so you don’t have to pay fees at any time. We are upfront about any fees, and you can see them in the application before you send money to the Philippines.

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

Several bank options 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:

  • With Verification Level 1, you can only send 50 CAD daily or up to 500 CAD monthly.
  • With Verification Level 2, you can send up to 3,000 CAD daily, and up to 25,000 CAD monthly.
  • For users who need to transfer larger amounts of money we also have a good option – Verification Level 3. You can send up to 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.

Download Remitbee Mobile App

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.