Monday, February 4, 2013
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Posted on Monday, February 4, 2013
If you're interested to send money online to your loved ones in the Philippines without the hassle of queuing for more than 1 hour in Lucky Plaza, here are the easy steps!
1) Go to any of the PNB centers in Lucky Plaza (main branch or the remittance centre beside i-Remit). Get a form and sign all particulars especially your beneficiary's bank account details. If I can recall they have a maximum of 3 sections for your beneficiaries. They currently have a $2 service charge promo for the first transaction. I used that actually. Their usual service charge is actually $3.50.
2) If you did remit to PNB, you will see in the receipt your own remitter reference number (refer to the first circled section in the receipt), it is a 12-digit number located on the top left of the receipt. Since you're going to do a Bill Payment in DBS/POSB/UOB, you need a reference number. The reference number that they need is a 14-digit number. All you have to do is to get the first 12-digits of your remitter number followed by the last 2 digits of your beneficiary bank details code (refer to the second circled section in the receipt).
01 - first registered beneficiary account
02 - second registered beneficiary account
03 and so on.
Anyway, if you have signed up at the main branch, they will give you your own VIP card with the remitter number. For those who have signed up at the remittance center, you can proceed to the main branch, approach the customer service and ask for your VIP card.
3) If you have your 14-digit reference number, login to the DBS/POSB or UOB Internet banking. For the steps below will only be applicable for DBS/POSB. I currently don't have an account with UOB.
4) Go to the Bill Payment link from the Payments menu on the left side bar then select PHILIPPINE NATIONAL BANK from the list of companies.
5) Enter your 14-digit reference number.
6) Enter your desired amount, amount entered will be inclusive of the $5 charge. The SGD to PHP conversion will be based on the closing rate for the day. I suggest that you check their website for the forex rate in case there's discrepancies.
7) Follow the OTP procedure then confirm your payment.
Based on my experience, my following bank accounts were credited on these timings:
BDO - 4PM the next banking day
BPI - 5PM the next banking day
The transfer were successful and with that I'll be definitely using this online remittance service than to queue to i-Remit. I'm just wondering why i-Remit or the bigger bank Metrobank didn't think of this service first.
Just a reminder by the way that PNB's cutoff for the bill payment is until 10PM only. Transact before that timing if you expect your money to arrive the next banking day. Take note as well that you'll be receiving a physical receipt by mail.
This post was written by: Mark Ferdinand Tayag
Makoy is a Senior Software Engineer based in Singapore. He enjoys cooking, swimming, running and taking photos. Makoy started blogging way back 1998 during his College years. Aside from his personal blog, he maintains a music blog, an entertainment blog, making money online blog and a photo blog. A certified Filipino blogger that wants to dominate the blogosphere. Follow him on Twitter and Instagram.