PNB extends waiver on remittance charges

Philippine National Bank (PSE: PNB), is extending the waiver on the remittance fees for various channels up to May 31, 2020. The waiver applies to cash transfers that will be credited to PNB deposit accounts in the Philippines.

PNB understands the situation our country is experiencing because of the COVID-19 pandemic. President and CEO Wick Veloso said that the bank is committed to making remittance transfers convenient and hassle-free for customers. “Our kapitan, Dr. Lucio Tan, knows very well that in these difficult times, being able to care for their loved ones is top-of-mind for our overseas Filipinos – our modern-day heroes,” he said. “Every hard-earned peso counts especially when so many of our countrymen are not able to work due to the enhanced community quarantine. This is why we have extended ‘Libreng Padala’ until the end of May.”

PNB also has good news for Filipinos in the Middle East. “We have extended the coverage to the Middle East by waiving the back-end remittance fee,” Veloso said. “There are many kababayans from the Middle East who need this kind of support in sending cash to their families. This is very timely given that the observance of Ramadan is ongoing.”

The waiver covers over-the-counter transactions done at the following PNB overseas branches: Los Angeles, New York, Guam, Singapore, Japan, Hong Kong and Global Hong Kong, Canada (through PNB-Remittance Company Canada) and Europe. For PNB Europe, remittance fees are also waived for the Web Remit and Phone Remit channels.

Mail-in remittance is covered by the waiver in the areas of New York and Japan. For Japan, remittance fees are also waived when done via ATMs of Mizuho Bank and Japan Postal Bank.

Remittances done through PNB Global Remit (Remittance Centers, Inc.) branches are also free of charge when done over-the-counter and via Web Remit and Phone Remit.

Meanwhile, users of Xchanged remittance app in USA and Guam can avail of free remittance for their first two transactions. XChanged clients can use the following codes: XCHFREE for USA and BEATCOVID for Guam.

PNB also waived the transaction fees for local money transfer done via Instapay and PESONet.

Clients are encouraged to regularly visit PNB’s official Facebook page (@PNBph) for updates on the latest news and promos.

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