7.26.2011

Send Money to Bank Accounts in the Philippines via MoneyGram

By Nora
You can now send money to the Philippines directly into your family's bank accounts through MoneyGram.

What are the benefits of this direct deposit?

- Your recipient does not need to go the bank and pick up the remittance.
- The money is safe in the bank.
- Your family can withdraw via ATM only the amount of money needed.
- The money can be withdrawn at the nearest ATM. (Withdrawal fees for other banks' ATMs)
- Bigger amounts can be withdrawn over the counter.
- You will have a record of your remittances, if the bank account is a passbook or passbook/ATM account.
- Your recipient does not have to be at home or office waiting for cash delivery, in the case of door-to-door remittances.

For first time remittances:

1. Fill out the Send form.
2. Check the Receive option Account Deposit.
3. Write your recipient's bank account name, name of bank and account number.
4. MoneyGram gives you a Receiver Registration Number (RRN). Keep this number for future remittances.

For second and subsequent remittances:

1. Fill out the Send Form.
2. Check the Receive option Account Deposit.
3. Write the Receiver Registration Number (RRN).

For Banco de Oro (BDO) accounts, remittances become available within one business day. For other banks, money transfers are done within 1 to 3 business days.

Philippine banks that accept direct deposits from abroad via MoneyGram remittances:

  • Allied Bank
  • Asia Trust
  • Asia United Bank
  • Banco De Oro
  • Bank of Commerce
  • Bank of the Philippine Islands
  • China Bank Citibank
  • Development Bank of the Philippines
  • East-West Bank
  • HSBC
  • Land Bank
  • Maybank
  • Metrobank Philippine National Bank
  • Planters Bank
  • Rizal Commercial Banking Corporation
  • Security Bank
  • Union Bank
  • United Coconut Planters Bank 

For Moneygram Cash Pick-up (not direct deposits), you can get them at any branch of:
  • Allied Bank
  • Banco de Oro
  • Cebuana Lhuillier
  • KwartaGram
  • M Lhuillier
  • Metrobank
  • RD Pawnshop
  • SMART Business Centers
  • SM Malls
  • Other locations with the MoneyGram logo
*Bring your ID and the MoneyGram reference number given by your sender.

MoneyGram sends and receives money for its customers in 191 countries through 233,000 local agents.

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