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 Philippines

Cash Pick-Up

Currencies Available

US Dollars（USD） Philippine Peso（PHP）

Receiving Funds

SBI Remit has rolled out its cash pick-up service through MoneyGram’s existing network.
Remitted funds are received in approximately 10 minutes* from transfer via MoneyGram’s affiliate offices.
*It may take from a few hours up to two days or so, depending on the remittance method and the business hours/handling conditions of the overseas affiliate office.

 

Recipients can pick up cash at their nearest agent, even if they don’t have a bank account.

Details on pick-up points for recipients

Links to MoneyGram websites in individual countries are found here:

マネーグラム

Advise the recipient of the telephone number of the call center in their country.

Main Pick-up Points in Philippines

List of Main Pick-up Points in Phillipines

Considerations for cash Pick-up

Consumers can now send and receive up to 96,000 USD in a 12-month period

Other Transaction Limits

  • Send or receive up to 10,000 USD per transaction.
  • Send or receive up to 20 transactions in 30 days.
  • Maximum Remittance amount: 10,000 USD in 30 day period, but amount should not exceed 480,000 PHP.
  • When a consumer reaches a combined send/receive total of 24,000 USD in a 6-month period, or 72,000 USD within a 12-month period, the transaction will be placed on hold. The consumer will need to call MoneyGram to complete the transaction. Consumers may be asked for information such as purpose of transaction, source of income and whether they plan to send or receive additional transactions with MoneyGram. This allows both MoneyGram and the consumer to feel comfortable completing the transaction.
  • If you want to receive the amount in USD currency in the Philippines, be sure that there is an available location for receiving USD remittance. Before sending, it is advised that your receiver must check the availability of receiving locations that could cater receive amounts in USD.
  • For Cash Pick-up, all ID’s to be shown at the receiving location must have a photo and signature. If your receiver is a student or a minor, a valid student ID with the principal’s signature is required.
  • Please be reminded that all the contents are subject to change without prior notice and additional regulations/conditions might be applied.

 

SBI’s general reminders to customers

  • Customers should note that depending on the circumstances of their usage, restrictions may be imposed even if it is within the scope of restrictions listed above.
  • Customers should contact the recipient’s agency or contact MoneyGram’s call center to confirm the terms and conditions in place before making a remittance. Particularly, we recommend that customers check the maximum amount of cash available for collection, the type of ID card required at the time of receipt, the purpose of the remittance, and whether there are any restrictions on the recipient.
  • For USD payout receivers can go to M. Lhuilllier, BDO, Metrobank, USSC, Palawan Pawnshop and RD Pawnshop, For large USD payouts we advise receivers to visit Moneygram`s Bank partners such as BDO and Metrobank.
  • Photo ID with signature is required to collect funds. Underage students will need a copy of a valid school ID signed by the school principal.or depends on the compliance rules for minors.
  • Please note that the content described may be changed or other conditions may be imposed without prior notice.

Transfer to a bank account

Currencies Available

Philippine Peso（PHP）

Participating Banks

List of Participating Banks

 

Another way to directly send your money to your receiver’s bank account in the Philippines in Philippine peso. You can send to 60 known banks in the Philippines. Depending on the bank and/or amount, you can send as fast as within 15 minutes. For more details, please refer to the transaction turnaround time and transaction limit below and the List of Participating Banks link.

Considerations for bank transfers

The following considereations and restrictions may apply:

 

Transaction Turnaround Time

  • Instant real-time * (Within 15 minutes). Transaction can be done on 24 x 7 basis (GROUP-1 BANKS)
  • Instant real-time * (Within 15 minutes). Transaction can be done on 24 x 7 basis (GROUP-2 BANKS) for amount under 50,000 PHP
  • T+1 Philippines Banking day for transaction received before 12.00pm (Mon-Fri) GMT +8 for amount above 50,000 PHP
  • T+2 Philippines Banking day for transaction received after 12.00pm (Mon-Fri) GMT +8 for amount above 50,000 PHP

 

Transaction Limit

* Maximum per transaction 500,000 PHP but must not exceed the equivalent amount of 1,000,000 JPY

* Minimum per transaction 10.00 PHP

* Compliance accumulated limit 500,000 PHP per day

* Transaction will be on hold for compliance review based on the supporting document should the sender or receiver has exceeded the compliance limit.

* It may not be possible to deposit funds using this service if the receiving bank account is held by a non-resident.

* Note that it will take several business days to cancel any remittance that fails to go through,

Send to Mobile Wallet

Send to Mobile Wallet

You can now remit to your beneficiary’s mobile wallet in the Philippines.

To be able to send money to your beneficiary’s mobile wallet in the Philippines, your beneficiary must be registered at that particular wallet in the Philippines.

 

Considerations for Mobile Wallet

  • There are some limitations with regards to the amount that can be sent to a wallet account in the Philippines.
  • You will see the summarized table of limitations for the amount that can be sent to your receiver wallet account below.
  • Beware that no cancellation is allowed once your transaction is completed.
  • If you are a RAKU-RAKU member (not an online member), for every WALLET RECEIVER ACCOUNT that you register by phone or by application forms, you need to submit a COPY OF PROOF of the wallet account which shows the name, phone number and status depending on the wallet. This way, remittance hassles/errors can be avoided.
  • Before doing any remittance to your receiver’s wallet, be sure to check with your receiver their remaining wallet size available to receive transaction/s to avoid transaction error due to amount limit. Your receiver must be aware of the available remaining wallet size for that period to avoid errors.
  • For more details, please contact the SBI Remit customer center at 03-5652-6759.

 

5 Wallet accounts in the Philipines you can send your money

 

GCASH Open Close

Gcash is a “mobile money” or “e-money” that allows your receivers in the Philippines to pay bills, send or receive money, buy load, shop online, book movie tickets, and more with the use of your receiver’s mobile phone. Through a “mobile wallet,” Gcash members get to do all these transactions anytime and anywhere without the need to withdraw money.

  1. 1. You can send remittance to your Gcash receiver if their Gcash account is “Fully Verified”.
  2. 2. For your receiver to be able to register at Gcash, and to see more details about Gcash, please access the link below

https://www.gcash.com/

 

3 Gcash Primary Requirements

There are 3 primary requirements necessary to register your Gcash receiver’s wallet account

  1. 1. Wallet Account Number (Philippine mobile number registered at the wallet account, no need to add +63 code during registration at SBI Remit)
  2. 2. Receiver Name
  3. 3. Proof of Wallet Account registration (optional for Online members)

 

GCASH PROOF

gcash

GCASH LIMITS

GCASH VERIFICATION LEVEL TOTAL TRANSACTION AMOUNT ALLOWED PER RECEIVER WITHIN 30 DAYS
Fully Verified 100K PHP
Linked banks 500K PHP

Satellite offices

Customers from the Philippines can access information on membership registration and remittance services via our offices in Japan.
Visit anytime. New customers welcome.

 

Osaka temporary reception center
MID tower 1F, 2- 1-61 Twin 21, Shiromi Chuo Ward, Osaka City, Osaka Prefecture
Show in Google Maps
Business hours: 9:00–16:00
Closed: Company holidays (please enquire)