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Philippines RemittanceSpeed Remittance

Amount
Other bank charges (2,500JPY)	Pay by beneficiary Pay by myself Not available
Account Type
For the international fund transfer, 「Other bank charges」For the international remittance, there may be fees, the intermediary and receiving bank fee. Those fees will be deducted from the original remittance amount when the beneficiary receives the funds.Note that a intermediary bank may be changed even if you remit the funds to the same bank. Thus, the 「Other bank charges」 could differ each time you remit. Also note that the 「Other bank charges」 can be changed at their own discretion. will be paid, the intermediary and receiving bank fee. ※If you wish to pay those fees by yourself, please select 「Pay by myself」 (2,500JPY) on 「Other bank charges」 section. (Please note that we can not provide this service in Canada and South American countries and the following banks. (Morgan Stanley・CHASE BANK・US BANK・MIZUHO BANK (SWITZERLAND)・FBME BANK・GOLOMT BANK (MONGOLIA)・FIRST HAWAIIAN BANK)
Total amount in JPY （Reference amount for deposit）

Remittance fee for ({0}) today

Amount（{1}）	Fee

Estimated time of arrival

Generally within 24 hours

View details

Remittance fee
Amount in JPY
Exchange rate
※*Simulation results are calculated based on current exchange rates for reference purposes, and are not a guarantee of amounts for an actual transfer. ※When sending foreign currency, we recommend depositing more funds than the simulation results. (Withdrawal fees for remaining funds will be borne by PayForex.)

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About Philippines Remittance

Philippines Speed Remittance

Speed Remittance for local currency (PHP) is possible.
Speed Remittance generally arrives within 24 hours after the transfer request is received. (Weekends, holidays and local bank holidays are excepted.)
For Philippines Speed Remittance, there are 3 methods for receiving: bank transfer, cash pickup, and cash delivery. It’s possible to transfer to beneficiary who doesn’t hold bank account.
The locations for cash pickup are BPI branches (BANK OF THE PHILIPPINE ISLANDS) or some outlets.

How to remit

After you activate your PayForex account, you can send remittance request through customer page “myPay”. 3 steps for speed remittance without exchange operation.
※If you are remitting other currencies to Philippines other than PHP, please follow “Transaction process” as standard remittance.

STEP1: Deposit

Firstly, deposit into PayForex account. If you use for “Speed Deposit“, you can deposit after you confirm the transfer currency and amount on “STEP3: Remittance instruction”. Please select the deposit methods based on your needs.

STEP2: Register a beneficiary bank account

Register beneficiary information through [myPay]-[Beneficiary]- [Philippines]. Whichever receiving method you choose, “Beneficiary’s birth date” is necessary.

STEP3: Remittance instruction

Send remittance request via [Remittance]-[Philippines]. Input either JPY amount or PHP amount. It will automatically exchange so there is no need to do exchange in advance. Moreover, if you haven’t deposited or there is not enough on your balance, you could always use “Speed Deposit“.

Terms of use / Restrictions

Philippines Speed Remittance

Items	Contents
Sender	Must open PayForex account (Individual and Corporate)
Beneficiary	Individual and Corporate ※Cash pickup and cash delivery are only limited to individual beneficiary.
Transfer currency	PHP only
Remit JPY	Not available
Estimated time of arrival	Generally within 24 hours
Fees	Please check “Remittance fee for (PHP) today” on this page.
Other bank charges	There might be other bank charges (Intermediary bank, beneficiary bank) involved.Please check “About fees” for details.
Pay Other Bank Charges service	Available
Others	When choosing Cash Pickup, please inform the beneficiary of Ticket Number. Beneficiary’s ID is necessary when receiving cash.

Philippines Standard Remittance

Items	Contents
Sender	Must open PayForex account (Individual and Corporate)
Beneficiary	Domestic bank account holder in Philippines (Individual and Corporate) .
Transfer currency	Receivable currencies ※If you remit with currency that differs from the beneficiary bank account currency, the beneficiary bank may refund it or will exchange sent currency into beneficiary bank account currency automatically. Please confirm with the beneficiary in advance.
Remit JPY	Not available
Estimated time of arrival	1-3 business days
Fees	Please check “List of transfer fees” .
Other bank charges	There might be other bank charges (Intermediary bank, beneficiary bank) involved.Please check “About fees” for details.
Pay Other Bank Charges service	Available