Do you need to transfer money from Chinabank to BDO in the Philippines? Whether you’re an expatriate or a Filipino living abroad, you may encounter the need to send money to your home country. With the rise of cross-border transactions, sending money from a China bank to BDO has become a common practice. This article will walk you through the process and requirements of transferring money from a China bank to BDO in the Philippines.
Steps To Transfer Money From China Bank To BDO
1. Visit the China Bank App.
To log in to your online mobile banking account, go to the China Bank App from your mobile phone.
2. Log in to your China Bank account.
Log in with your username and password.
After login to china bank, you are on the overview page.
Click on three horizontal lines in the left upper corner of the china bank app. A drop-down menu will appear you need to click on Pay or Transfer then select To Other.
4. Fill out the form.
Fill out the form with sender and receiver information and click submit.
Sender & Receiver Details Details
- Payee Bank:- In which bank do you want to send the amount?
- Payee Account Number:- You need to enter a receiver account number.
- Payee Name:- Enter the receiver name.
- From:- Select your bank.
- Amount:- Amount you want to send.
5. Review the details.
Make sure you have entered all the details correctly before clicking continue.
There may be some fees it depends upon both the sender and receiver bank accounts.
7. Enter the OTP.
Enter the OTP within 5 minutes after it is sent to your registered mobile number.
You have successfully transferred the amount from China Bank to BDO.
Frequently Asked Questions
What is the maximum amount I can transfer from China to BDO?
The maximum amount you can transfer from China to BDO depends on the regulations of the bank and the receiving country. You should check with your China bank for the maximum transfer limit.
How long does it take for the transfer to be completed?
The transfer process from China to BDO may take a few business days, depending on the bank’s processing time.
Will I need to pay any fees for the transfer?
Yes, there may be fees involved in the transfer process, such as conversion fees, transaction fees, and wire transfer fees. It’s important to check with your China bank for the specific fees that may apply to your transfer.
Do I need to have a BDO account to receive the transfer?
Yes, you need to have a BDO account to receive the transfer. This can be a saving or current account.
Can I track the transfer status online?
Yes, you can track the transfer status online through online banking or by contacting the bank directly.
Transferring money from a China bank to BDO in the Philippines is a simple process that requires only a few basic requirements. With the steps outlined in this article, you can transfer money with ease and peace of mind. If you have any questions or concerns, it’s always best to contact your China bank for assistance. With the right guidance and preparation, you can ensure a smooth and hassle-free transfer from a China bank to BDO.