PNB waives remittance charges

THE Philippines’ fifth largest lender, Philippine National Bank (PSE: PNB), is waiving the remittance fees for various channels through May 8, 2020. The waiver applies to money transfers that will be credited to personal deposit accounts with PNB in the Philippines.

PNB President and CEO Wick Veloso said the bank is committed to make remittance convenient and hassle-free for customers. “Waiving the remittance fees is a big help to our kababayans who send cash to their loved ones in our country,” Veloso said. “So starting April 9, Araw ng Kagitingan, through May 8, we would like to do our own simple part in helping them. They are our selfless heroes.”

He adds, “This is especially needed now that the entire world is coping with the economic impact of the COVID-19 pandemic.”

The waiver covers over-the-counter transactions done at the following PNB overseas branches: Los Angeles, Guam, Singapore, Japan, 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 (PNB 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 mobile 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.

Earlier last month, 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.

Philippine National Bank is one of the country’s largest private universal banks in terms of assets and deposits. It provides a full range of banking and other financial services to its highly diverse clientele comprised of individual depositors, small and medium enterprises, domestic and international corporations, government institutions, and overseas Filipinos. Backed by over a century of stability and excellence, PNB looks forward to more years of serving its customers first. To know more about PNB, visit its official website:

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