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)