Are you looking for a quick and easy way to send money to someone who needs it in the Philippines? If so, you might be interested in learning how to transfer money from BDO to Palawan Express. In this article, we will explain the step-by-step process of transferring money from BDO to Palawan Express.
What is BDO?
BDO (Banco de Oro) is one of the largest banks in the Philippines. It provides a wide range of financial services, including personal and business banking, investment, insurance, and foreign exchange services. BDO is a popular choice for Filipino residents and non-residents who want to send money to the Philippines.
What is Palawan Express?
Palawan Express is a money transfer service that allows individuals to send money to the Philippines. It is a popular choice for Filipinos living abroad who want to send money to their loved ones in the Philippines. Palawan Express has over 2,500 branches in the Philippines and offers competitive exchange rates and low fees.
Steps to Transfer Money from BDO to Palawan Express in 2023
1. Visit the BDO website.
To log in to your account you need to visit the BDO website. Click on the upper right corner on Online Banking Login. Then you will be redirected to the Login page.
2. Log in to your BDO account.
Once you have entered your username and password, click Login. Through SMS, you will receive a one-time pin. It will expire in five minutes if not entered within that timeframe.
Logging in will give you an overview of your account.
3. Click on SEND MONEY.
Click Send Money in the left-hand menu.
You will be presented with a list of options. Select “To Another Local Bank”.
4. Template.
You can save templates. In the future, if you make another transaction with the same destination account number.
If it’s your first transaction or you haven’t saved a template, select PROCEED WITHOUT TEMPLATE.
5. Fill out the next form.
To begin transferring money, you must first select the source account. Once you have entered the amount to transfer, you will need to enter the account number.
Please click Submit once you have completed the form.
- Sender Details
- Settlement Type – Credit to Another Local Bank
- Transaction Type – Credit to another bank
- Transfer from – Select your BDO Account from where you want to transfer
- Value Date – Transaction Date
- Amount – Amount you want to send
- Destination Bank – Select the Receiver’s Bank (For Cash Pick-up at any BDO Branch/Partner.)
- Destination Account Number – Enter the Receiver’s Account Number
- Receiver Details
- Receiver Name
- Mobile Number
- Purpose of Transaction
6. Review the details.
After you’ve double-checked everything, click Continue.
7. Enter the OTP.
An additional one-time pin will be sent to your mobile device via SMS. Submit your OTP within five minutes.
8. Take note of the Reference Number.
Once your transaction has been completed, a page will appear telling you if it was successful. In addition, the details are summarized.
The reference number should be noted for future use if the transaction was unsuccessful.
Frequently Asked Questions
How Long Does It Take to Transfer Money from BDO to Palawan Express?
The time it takes to transfer money from BDO to Palawan Express varies depending on several factors, such as the recipient’s location, the amount of money being transferred, and the time of day. On average, it takes 1-2 business days for the recipient to receive the money.
How Much Does It Cost to Transfer Money from BDO to Palawan Express?
The cost of transferring money from BDO to Palawan Express depends on several factors, such as the amount of money being transferred, the transfer fee, and the exchange rate difference. On average, it costs around PHP 100-200 to transfer money from BDO to Palawan Express.
What Are the Benefits of Transferring Money from BDO to Palawan Express?
There are several benefits of transferring money from BDO to Palawan Express, including:
- Easy and convenient process
- Competitive exchange rates and low fees
- Wide network of branches in the Philippines
- Fast and reliable service
Conclusion
Transferring money from BDO to Palawan Express is a simple and convenient way to send money to the Philippines. With its wide network of branches and competitive exchange rates, Palawan Express is a popular choice for Filipinos living abroad who want to send money to their loved ones in the Philippines. Whether you are sending money for personal or business purposes, transferring money from BDO to Palawan Express is a fast and reliable option.
Transfer Money From BDO to BDO
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