The country’s fifth largest lender, Philippine National Bank, is waiving the remittance fees for various channels until May 8, 2020. The waiver applies to cash transfers that will be credited to PNB deposit accounts in the Philippines.
PNB president and chief executive officer Wick Veloso said the bank was committed to make remittance convenient and hassle-free to 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, until May 8, we would like to do our own simple part in helping them. They are our selfless heroes.”
“This is especially needed now that the entire world is coping with the economic impact of the COVID-19 pandemic,” he added.
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.