Quote Originally Posted by IainBusby View Post
You can download the application forms from their website and open an account with them which needs a maintaining balance of £50. Then you can transfer money into the account from your regular bank current account on the internet. Then when your ready to send remittances, you just send an instruction by email with a scanned authorisation letter and the money will be transferred overnight either to a Philippines PNB bank account, delivered to the door, or to another Philippines bank account.

You can also set up online remittance with them. With online remittance, you just register your credit or debit cards and your benificiaries on their website, then whenever you want you can just log on and transfer the money. The only drawback with the online remittance method is that the credit card companies and the banks treat it the same as when you withdraw cash on a credit card and they charge you an extra fee.

The best thing about PNB Europe is that the rate always seems to be about the best that can be had and you can check the rate on a daily basis before you decide to remit.


Iain.
Hi iain is the Transfer in realtime or do you have to wait for it to be processed by the bank?