7.09.2011

Send Money from Norway to the Philippines via Correspondent Banks, Money Transfer Firms

By Nora
Here are correspondent banks and money transfer firms that can help you send money from Norway to the Philippines.

BDO Remittance partner

Fil Star D.A
Stanseveien 2
0975 Oslo
Norway

Metrobank Correspondent Banks

Bank 1 Oslo AS
DNB Nor Bank ASA
Fokus Bank, Part of Danske Ban
Handelsbanken
Nordea Bank Norge ASA
Skandinaviska Enskilda Banken
Sparebanken Vest

* Swift code of Metrobank: MBTCPHMM

BPI Correspondent Banks

Bank 1 Oslo Akershus
DNB NorBank
Fokus Bank, part of Danske Bank
Handelsbanken
Nordea Bank Norge
Sparebank 1 SR-Bank
Sparebanken Hedmark
Sparebanken Moere
Sparebanken Vest

* Swift code of Banks of Philippine Islands and BPI Family: BOPIPHMM


PNB Correspondent Banks 

- BNP Paribas, Oslo, Swift code: BNPANOKK
- DNB Nor Bank ASA, Oslo  DNBA NOKK
- DNB Nor Markets, Oslo  DNBANOKX
- Handelsbanken, Oslo  HANDNOKK
- Nordea Bank Norge ASA, Oslo  NDEANOKK
- Sparebanken 1 SR Bank, Stavanger  SPRONO22
- Sparebanken Hedmark   SHEDNO22
- Sparebanken Midt Norge, Trondheim   SPTRNO22
- Sparebanken Moere, Aalesund   SPARNO22
- Sparebanken Soer, Arendal   AASPNO22
- Sparkasse Vest, Bergen   SPAVNOBB
- Swedbank, Oslo   SWEDNOKK

* Swift code of PNB is PNBMPHMM
* For frequent remittances thru PNB and Nordea, you can contact:
Philippine National Bank (Europe) Plc
Ground Floor
11 Kenway Road
London SW5 0RP


Common Steps to Send Money via a Correspondent Bank Wire Transfer:

1. Visit the correspondent bank of  your recipient's bank.
2. Apply for a telegraphic transfer, also called wire transfer, Swift transfer, fund transfer, or bank-to-bank transfer.
3. Fill out the wire transfer form with information, including:
- Your name
- Your contact information
- The name of your recipient/beneficiary
- The bank, branch and account number of your beneficiary
- Swift address of the beneficiary's bank
- Amount of remittance

Send Money to the Philippines via Moneygram
Moneygram is available at Forex Bank branches in Oslo, Lillestrom, Stavanger, and Trondheim

Send Money to the Philippines via Western Union
Western Union services are available at many shops, Internet cafes, train stations, other retail stores
in the cities of Norway.

You can explore these Internet transfers if you have debit, credit or bank accounts in Norway:

- Moneybookers. Use Visa credit card.
- Western Union. Use a Visa or Mastercard credit or debit card issued by a bank in Norway
- iKobo. Use a debit or prepaid card.
- Internet transfer if you have accounts with DnB NOR, SkandiaBanken, or SpareBank/Nord-Norge

According to a study held by International Peace Research Institute (PRIO), Filipinos in Norway are third among about 13 immigrant/foreign groups in Norway with the most number of ways to transfer money to their home countries. There are 29 available remittance services, in 13 methods, all legal, available to Filipinos. Contrast this with Somalis, who can send money to Somalia only thru a cash-to-cash system called hawala or hawilad, which has not been licensed in Norway.

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