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PhilPaSS-REMIT

V. PhilPaSS REMIT Fees

          The following fees are collected for each of the OFW remittances settled via PhilPaSS REMIT System and further credited by the receiving bank to the OFW beneficiary account:

  1. Front-end Fees 

    The participating banks set the front-end fees to be collected by the remitting/sending bank from the remitter.

  2. PhilPaSS Fees

    The BSP charges the remitting/sending bank P5.00 for every transaction sent to PhilPaSS via the PhilPaSS REMIT System for transferring the funds to beneficiaries’ account with other banks.

  3. Back-end Fees

    As stipulated in the MOA, a standard fee of P50.00 per transaction will be collected by the beneficiary banks as back-end processing fee.