Europe

How to Open a Sterling or Dollar Account with Philippine National Bank (Europe) Plc


  1. You will need to complete and return the Account Opening form in person to Philippine National Bank (Europe) Plc. A member of our staff will go through the form with you and answer any question that you may raise.
  2. You must take something with you to confirm your identity. We can accept ANY ONE of the following signed IDs/documents:
    • A current and valid passport
    • Full UK photo driving license
    • EU National identity photocard
  3. We require a proof of address. We can accept ANY ONE of the following:
    • Latest utility bill (no older than 3 months)
    • Latest bank statement
    • Local authority tax bill
  4. We require a minimum initial deposit of Sterling £100, $200 if it is a US dollar account to open the account. USD deposits are subject to cash handling & cheque clearing charges

These types of accounts should be remittance-linked, that is the account opened should be used to transfer funds to the Philippines at the very least once a month otherwise a fee of £15.00 will be charged for every credit made to the account. Once your account is approved, you will be assigned an account number. You can then proceed to operate the account. We do not issue a bankbook, but we will send your bank statements quarterly by post. You will be given a receipt for every deposit you make.

We reserve the right to refuse any application to open an account if in our judgment the application is not suitable to maintain sterling or US dollar account with us.

Terms and Conditions

STERLING ACCOUNT & US DOLLAR ACCOUNT HELD IN THE UK

  1. That the account can only be operated in the United Kingdom.
  2. That the account to be opened is remittance-linked and must be used at least once a month for transfer/remittance to the Philippines, otherwise an applicable fee of £15.00 will be levied for every credit received/deposited to the account.
  3. That the account may be closed if the above conditions are not met.
  4. That the statements are provided quarterly, otherwise an applicable fee of £10.00 will be levied for every statement request.

INTERMITTENT REMITTANCE SERVICES

As we continue to
enhance our new core
banking system, you
may still experience
intermittent
remittance services.

We sincerely apologize
for this inconvenience
to you and your loved
ones. Please be
assured that steps are
being taken to bring
services back to
normal.

We would like to inform
you that you can send
your remittance through
the following channels:
Credit to a PNB Account,
Credit to Other Banks in
the Philippines, Cash
Pickup* [with payout at
any PNB Branch or
Cebuana Lhuillier, Globe
(GXI), MLhuillier,
Palawan Pawnshop, or
RD Pawnshop outlet],
Overseas Bills Payment,
Door-to-Door (via
courier), and
Door-to-Bank (via
courier).

So you can be further
assisted, please call
(44) 207 313
2322/23 or e-mail
pnbeukremit@pnbglobal.com

We shall keep you
posted on further
developments.

Once again, we extend
our apologies. Thank
you for your patience.

*Maximum Cash Pickup
amount: PHP30,000 for
Cebuana Lhuillier,
PHP40,000 for Globe
(GXI), PHP50,000 for
MLhuillier, and
PHP100,000 for Palawan
Pawnshop and RD
Pawnshop

===============

WE ARE CURRENTLY
EXPERIENCING FAULTS
ON OUR PHONE
SYSTEMS. OUR
SERVICE PROVIDERS
ARE DOING ALL THEY
CAN TO BRING BACK
THE SERVICES TO
NORMAL.

OUR SINCERE
APOLOGIES FOR THIS
INCONVENIENCE.

NEW DEBIT CARD CHARGES

Please be advised that our remittance charges for all debit card transactions has now changed. Click on the Remittance Charges link under the REMITTANCE Tab of our homepage for details.

Thank you.

Exchange Rates Notice - Updated

Effective 01 July 2017, please be advised that the published exchange rates apply only to remittances of up to GBP 5,000.00 and EUR 5,000.0.

Please enquire from a member of staff for applicable rate for amounts over GBP 5,000.00 and EUR 5,000.00

Thank you.

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