Remittances are credited within 24 hours to the receiver’s account with Banco De Oro or MetroBank in the Philippines. The minimum initial deposit for remittance accounts is P50.00 for peso account and $50.00 for dollar account. Remittance accounts have no maintaining balance requirement and are exempt from automatic closure.
Credits to other Philippine banks are generally within 24 hours… up to 48 hours only for accounts in remote provinces. Most remittance accounts are linked to ATM cards – cash withdrawal or balance inquiry anytime from any Bancnet or Megalink ATM nationwide or any VISA Plus ATM worldwide. |
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Within 24 hours, beneficiaries with no bank accounts can claim their money at any branch of Banco De Oro, MetroBank, SM Foreign Exchange, M. Lhuillier, and other participating Philippine establishments. Remitters are advised where the remittance may be claimed. Remittance is delivered at receiver’s residence or other designated location within 24 hours in major population centers. Cash delivery in remote locations may take 48 hours. |
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Remittances may be made over-the-counter, mail-in, phone-in, or, online.
For more information, please visit the ATLAS MONEY REMITTANCE website.
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