BDO offers a range of services to receive money from abroad, whether through wire transfers, remittance services, or even BDO’s network banks. This guide explores the various options available, the fees involved, and the steps required to successfully receive international payments into your BDO account. It also touches on the benefits of using third-party services like Wise for cost-effective and quick transactions.
Learn how to receive money from abroad using your BDO account in the Philippines. This guide covers different methods, associated fees, and processing times for international transfers, plus tips on reducing costs with services like Wise.
Table: BDO Fees for Receiving International Money Transfers
| Payment Currency | Payment Received to a BDO USD Account | Payment Received to a BDO PHP Account | Payment Received to Other BDO Accounts |
|---|---|---|---|
| USD | 8 USD | Service charge – 100 PHP, Doc stamps – 0.6 PHP for every 200 PHP received | 8 USD |
| PHP | Not applicable | 200 PHP | Not applicable |
| Other Currency | 8 USD | Service charge – 100 PHP, Doc stamps – 0.6 PHP for every 200 PHP received | 8 USD or the equivalent |
This table provides a comprehensive overview of the fees you can expect when receiving money from abroad to various BDO accounts, whether it’s in USD, PHP, or any other currency. This information is crucial for managing financial transactions efficiently and cost-effectively.
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