BDO and Western Union are two of the most popular financial institutions globally. BDO, also known as Banco de Oro, is a Philippine-based bank, while Western Union is a renowned money transfer service provider. If you need to transfer money from BDO to Western Union, you need to have a clear understanding of the process. This article aims to provide a comprehensive guide on how to transfer money from BDO to Western Union, including the best methods to make the transfer hassle-free.
Step-by-Step Guide to Transfer Money from BDO to Western Union
If you want to transfer money from BDO to Western Union, you can follow these simple steps:
1. Log in to your BDO account.
Register or log in to your BDO online banking account.
2. Click on SEND MONEY.
Choose ”Send Money” and then from the dropdown menu select “To Another Local Bank”.
3. Fill out Sender & Receiver Details.
Sender Details
- Settlement Type: Select CREDIT TO ANOTHER LOCAL BANK.
- Transaction Type: Select CREDIT TO ANOTHER BANK
- Transfer from: Choose the account from which you want to transfer the funds.
- Amount: Enter the amount you wish to send
- Destination Bank: “USSC Money Services”.
- Destination Account Number: Enter the 2, 3, or 12-digit numbers of the account where the money should be sent.
Receiver Details
- Receiver Name: Please include the LAST NAME, FIRST NAME, and MIDDLE INITIAL of the recipient
- Mobile Number: Provide the 11-digit mobile number for the account to which the funds should be sent.
Purpose of Transaction: You can type the Purpose for which you want to transfer the amount.
4. Review the details.
Confirm the details and complete the transaction.
5. Copy the Reference Number.
Copy the reference number for future use if have any problem with the transaction
It’s important to note that there may be a limit on the amount you can transfer, and the transfer may take several hours to complete. Also, you may need to pay a fee for the transfer.
How to Transfer Money from BDO to Western Union?
If you prefer to transfer money in person, you can visit a BDO branch and follow these steps:
- Go to a BDO branch and inform the bank representative that you wish to transfer money to Western Union.
- Provide the necessary information, including the recipient’s name, location, and the amount you wish to transfer.
- Pay the transfer fee.
- The bank representative will initiate the transfer, and you will receive a reference number.
- The recipient can collect the money using the reference number at any Western Union location.
Frequently Asked Questions
Can I transfer money from BDO to Western Union online?
Yes, BDO offers online remittances through its website or mobile app, where you can transfer money to Western Union.
How long does it take for the money to arrive at Western Union?
The transfer time varies depending on the location of the recipient, but it usually takes 24 hours for the funds to arrive at a Western Union location.
Is there a fee for the transfer?
Yes, there is a fee for the transfer which depends on the amount being sent and the location of the recipient.
What is the maximum amount I can transfer from BDO to Western Union?
The maximum amount you can transfer may vary depending on BDO’s policies and regulations. It’s best to check with your local BDO branch for more information.
Do I need to have a Western Union account to receive the money?
No, you do not need to have a Western Union account to receive the money. The recipient just needs to provide a valid government-issued ID to claim the funds at a Western Union location.
Can I track the status of my transfer?
Yes, you can track the status of your transfer by contacting BDO or Western Union and providing the transaction reference number.
What should I do if there is an issue with the transfer?
If there is an issue with the transfer, you should contact BDO or Western Union as soon as possible to report the issue and resolve it.
Conclusion
Transferring money from BDO to Western Union can be a hassle-free process if you know the right steps to follow. You can transfer money online or in person at a BDO branch. If you prefer the quickest and most convenient method, you can use a BDO debit card or download the Western Union app. Make sure to follow the steps carefully and pay attention to the transfer fee and limit. We hope this comprehensive guide on transferring money from BDO to Western Union has helped you understand the process.
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