Step 1: Customers can go to nearest SHB branch which provides money transfer services abroad and bring the following documents:
+ Present valid Identification papers
+ Documentations to show remittance purpose
+ Documents to prove family relationship (if customers transfer money to relatives)
- With non-resident: Documents to show lawful source of money include:
+ Entry declaration
+ Labor contract
+ Other necessary documents
Please see detailed Application and procedure for transferring money abroad here:
Step 2: Complete “Money transfer” sheet under SHB form
Step 3: Customers inform recipients of information to get money in the shortest time
- Outgoing money transfer fee tariff:
Receiving country |
Currency |
Amount |
Fee |
VAT |
Any country |
USD |
≤1,000.00 |
20 |
5.26% * fee |
≤2,000.00 |
25 |
≤3,000.00 |
30 |
≤5,000.00 |
40 |
≤7,500.00 |
50 |
The Philippines |
USD |
≤200.00 |
10 |
≤1,000.00 |
15 |
≤2,000.00 |
25 |
≤3,000.00 |
30 |
≤5,000.00 |
40 |
≤7,500.00 |
50 |
(Outgoing money transfer fee tariff)