Retail clients of Bank of the Philippine Islands (BPI) can now send money from their Peso or US Dollar account to a foreign bank account via BPI Online and BPI Mobile app with BPI Outward Remittance. The product was recently launched to complement bank transfers done in person, giving clients more convenient options to send money to family and friends abroad.
With BPI Outward Remittance, the Bank will enable more clients to fulfill international wire transfers in just a few taps for needs such as educational expenses, medical expenses, foreign travel funds, subscriptions, and insurance payments.
“We at BPI continue to innovate and reinvent our products and services to make everyday banking more convenient for our customers. With the BPI Outward Remittance being available in our digital channels, our customers will be able to enjoy fast and convenient international fund transfers anywhere, anytime,” said Reggie Cariaso, BPI Head of Corporate Banking Strategy, Products, and Support.
BPI Outward Remittance ensures secure fund transfers of up to $10,000 with SWIFT global payment innovations (SWIFT gpi), an advanced payment method using modern digital tools for traceable and swifter cross-border payments. Clients will simply need to fill in their sending details, receiving bank details, and beneficiary details via BPI Online or BPI Mobile app.
The product offers affordable overall charges and competitive foreign exchange rates in multiple currencies including USD, AUD, GBP, EUR, SGD, HKD, and CAD. It also provides a fast and reliable turnaround time of one to three banking days for transactions with no discrepancies.
For more information about BPI Outward Remittance, visit https://www.bpi.com.ph/bank/services/send-money-abroad.
ABOUT BPI
The 170-year-old Bank of the Philippine Islands is the first bank in the Philippines and Southeast Asia. We are licensed as a universal bank by the Bangko Sentral ng Pilipinas to provide a diverse range of financial services: deposit-taking and cash management, payments, lending and leasing, asset management, bancassurance, investment banking, securities brokerage, and foreign exchange and capital markets. BPI has significant financial strength, with robust Tier 1 capital adequacy ratios and profitability, underpinned by stringent compliance and risk management regimes.
E-mail: Media: kmsdomingo@bpi.com.ph Investors: Investorrelations@bpi.com.ph. Bank of the Philippine Islands l Ayala North Exchange Tower 1, Ayala Avenue corner Salcedo St., Legaspi Village, Makati City 1229 PH l +632 8246 6364l www.bpi.com.ph
