Take advantage in using DBS Remit to send money at any Philippine bank accounts for zero remittance fee. You can enjoy $0 transfer fees and same-day online transfers* at your own pace. Yes, Kabayan OFW, you have an option not to remit and queue at Lucky Plaza, if you want to save time and energy. Plus, I noticed that DBS rate is always much higher than remittance rate in Lucky Plaza.
To carry out transactions, you just need to prepare the following
- Security token
- Mobile phone and
- Recipient details (complete name and bank account number)
Below are the steps on how to send money in Philippines bank accounts using desktop browser.
Add New Recipient first
- Login to your DBS/POSB internet banking account
- Go to menu, under Transfer tab look for DBS Remit and Overseas Transfer from the dropdown
- Enter your secure PIN, you have two options to login. I prefer Login with security token.
If you choose Login with SMS, check your phone immediately for their SMS containing the 6-digit iBanking OTP
- You will be directed to Overseas Recipients page, click New Recipient
- Go for Recipients Country and select Philippines, you will see page below, fill up details carefully and correctly. There’s a lot of Recipient Bank you can choose from.
Please check table below for the list of available banks.
- After filling up all requested details, click Submit
- Enter your secure PIN, follow the instructions and you’re done! You will be directed to the same page.
- Go to Overseas Recipients page and click Transfer
- Enter the desired amount, daily transfer limit is $2,000.
- Make sure all details showing are correct, enter mobile number as requested
- Click Next and you will see that your transaction has been submitted for processing
- You can also check your transactions at your Overseas Transfer History section
You will received an email from DBS iBanking alerts and SMS that request has been successfully completed.
For the list of available Philippine banks, you may check below.
|ABN ABN Amro Bank
Allied Savings Bank
Asia United Bank
Banco De Oro Unibank
Bank of Commerce
Bank of the Philippine Islands
Bank of Tokyo
Bank One Savings and Trust Corp
BPI Family Savings Bank
China Bank Savings
City Savings Bank
Development Bank of the Philippines
East West Bank
Equicom Savings Bank
Far Eastern Bank
First Allied Bank
First Consolidated Bank
First Macro Bank
Guagua Savers Bank
Hongkong & Shanghai Bank
International Exchange Bank
Islamic Bank (Al-Amanah Islamic Investment Bank)
|Land Bank of the Philippines
Luzon Development Bank
Metropolitan Bank and Trust Company
Phil Business Bank
Phil National Bank
Philippine Bank of Communications
Philippine Savings Bank
Philippine Trust Company
Philippine Veterans Bank
Pilipino Savers Bank (A Rural Bank)
Rizal Commercial Banking Corp.
Robinson Savings Bank
Security Bank Corporation
Security Bank Savings
Standard Chartered Bank
UCPB Savings Bank
Union Bank of the Philippines
United Coconut Planters Bank
United Overseas Bank
University Savings Bank
*Between 8.00am and 11.00am from Mondays to Fridays, excluding Public Holidays.