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How do I send large amounts with Kabayan Remit?

Sending large amounts through Kabayan Remit

We understand that once in a while, you may have to send large sums of money to the Philippines. We have listed down a few things to consider when you choose to send higher amounts with Kabayan Remit.

Understanding the limits and sending additional documents.

As a Money Service Business, Kabayan Remit is required to comply with government legislation and regulations set out by the Financial Conduct Authority (FCA) in the UK, and the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) in Canada.

In the UK, you can send up to £5,000 to any Philippine bank account and pay by debit card or online bank transfer on a single transaction.

If you wish to pay by online bank transfer within the UK, you may send your payment to our UK bank account as follows:

Account Name: Kabayan Remit
Account Number: 14089373
Sort Code: 23-05-80

Please enter your name as a payment reference.

On single transfers in Canada, you can send up to $300 (exclusive of fees) through debit card payments and up to $3,000 (exclusive of fees) through Interac e-Transfer payments.

Alternatively, you may send up to Php 100,000 on a single transaction to any cash collection outlet in the Philippines.

We may request additional documents for remittances accumulating over £3,500 (UK) or $7,500 (Canada) within 31 days. Please note that the total amount you can send within 31 days is £10,000 (UK) or $10,000 (Canada).

For further advice on what documents to prepare and to avoid possible delays when sending a large amount, our 24/7 customer support team will be happy to assist you.

Send now or choose to watch the rate.

It’s always best to get the most value, especially when transferring large amounts. If you need to send money urgently, you can check the exchange rate at any time of the day through the calculator tool. The fees will automatically be added to show you the total amount you need to pay even before you decide to send the money. Alternatively, you may choose to monitor and wait for the exchange rate to increase before making a transaction.

Use Kabayan Remit for legal purposes only.

You must never use Kabayan Remit for illegal purposes. We follow strict compliance guidelines and conduct Know Your Customer (KYC) checks in line with the FCA, HMRC and FINTRAC regulations. We also continually check and monitor our system for unusual transactions, and we have the right to modify or suspend your account once unlawful use has been identified.

Avoid being scammed.

Today’s technological and digital developments have made it easier and more accessible for scammers to conduct fraudulent activities. Scammers nowadays have found different ways to be more compelling and convincing to get a hold of people’s money. 

You can protect yourself and your loved ones from being scammed by making sure you only send money to people you know personally. To help protect our customers, we only allow transactions made by the person the account is registered with. We do not allow transactions sent on behalf of other individuals.

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