The Philippines was ranked 10th in a list of top emigration countries which also included Mexico, India, Russia, China, Ukraine, Bangladesh, Pakistan, the United Kingdom and Turkey.

It also ranked 10th in the top migration corridors with emigrants going to the United States.Do you want to know the latest conversation of your desired currency?

Do you want to know the latest foreign exchange rate in the Philippines?

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As of this year the Philippines had a total of 4.28 million emigrants, accounting for 4.6% of its population. Top destinations were the US, Saudi Arabia, Canada, Malaysia, Japan, Australia, Italy, Qatar, the United Arab Emirates and the UK. -- Jo Javan A. Cerda

Unionbank has a remittance service for Overseas Filipino abroad. The bank offers a service to cater the regular needs of a Filipino in sending money. Pinoy Money Card is the official bank card for OFW family in the Philippines.

Below are the guidelines on how to make a bank to bank transaction:

Receive your funds from abroad securely and safely! Your remitter abroad can send money from their bank account to your UnionBank account!

Step 1: Fill Out Form

Your remitter should ask his bank for a telegraphic/ wire transfer form and fill out the details below:

Beneficiary Bank: Union Bank of the Philippines
SWIFT BIC: UBPHPHMM
Currency: US Dollar*
Thru Correspondent Bank: Standard Chartered Bank NY
SWIFT BIC: SCBLUS33
ABA Routing No. 026002561
In Favor Of: YOUR UNIONBANK ACCOUNT NUMBER
YOUR UNIONBANK ACCOUNT NAME

* This sample for US Dollar accounts only. To view full list of currencies in which UnionBank has accounts in and the respective correspondent banks and other details, please go to List of Correspondent Banks.
Once details are taken, replace the information on the form appropriately.

Step 2: Get Funds

Your remittance will be credited to your account within ONE BANKING DAY** after Unionbank’s receipt of funds

**Assuming details provided are correct and complete. Remitting and Intermediary Banks may have longer turn-around time which may affect the date of receipt of funds.
FEES: Remitter Bank/ Correspondent bank charges may vary; UnionBank Cable Charge = $10. Documentary Stamps (if convertible to PHP): P0.30 for every PhP 200 amount converted plus PhP 0.30 for every fraction thereof.

Source: Unionbank

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