Q:

What are some remittance services offered by PNB?

A:

Quick Answer

Remittances can be sent from a U.S. bank account to a beneficiary's bank account in the Philippines, and money can be credited to a PNB account, states PNB Remittance Centers. The PNB Global Filipino ATM card is reloadable and can be used at ATM machines nationwide. Remittances can be delivered door to door in certain regions of the Philippines.

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Full Answer

PNB offers door-to-door cashier's checks or a cash delivery to be sent by contracted couriers to a designated location by the remitter, according to PNB Remittance Centers. PNB branch offices are able to give funds to individuals with proper identification who do not maintain any bank accounts. This process can take up to three banking days. PNB also transfers remittances to other local banks within three business days. Funds are normally processed the day of receipt.

Remittance text alerts can be sent from any network advising the beneficiary about the funds and how to claim them, explains PNB Remittance Centers. A remittance can be tracked online to discover if the money has been credited, picked up or delivered. Funds can be sent in U.S. dollars or Philippine peso. There is no balance requirement to have a PNB Global Filipino card, and there is a daily maximum withdrawal limit.

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