Remittance

Philippine National Bank (PNB) was established on July 22, 1916 as a government-owned bank. After the Independence of the Philippines and until a new and separate central bank of the Philippines was established, PNB had a concurrent function as a central bank. After the Independence of the Philippines, PNB has kept developing as a National Bank in a strong collaboration with the government. The privatization started in 1989, and PNB was fully privatized in July 2007.

On April 30, 2008, PNB announced merger plan with Allied Banking Corporation (ABC). On February 9, 2013, PNB and ABC were fully merged. New “Philippine National Bank” has become the 4th largest bank in the Philippines in terms of total branches (627 branches), total assets, deposits, and loans, and PNB has acquired even larger customer base.

Philippine National Bank Tokyo Branch (PNB Tokyo) is the largest among overseas offices of PNB. PNB Tokyo started out as a representative office in Japan in September 1992, and on June 3, 1996, it was upgraded to the branch. On May 19, 2003, PNB Nagoya Sub-Branch was opened. PNB Tokyo has since then offered a wide range of banking services, not only as a medium for remittances for both Individual and Corporate clients, but also in housing loans. PNB Tokyo also accepts dollar and yen savings and time deposits. Now, PNB Tokyo and Nagoya is able to cater to a larger market for not only Filipinos but also to China, which started in 2009.

PNB Tokyo provides language assistance in Chinese, Japanese, English and Tagalog. With 26 years experiences, PNB Tokyo in hand with PNB Nagoya is able to serve its valued clients with fast and easy remittance service at a reasonable fee, acquisition of housing loans etc. PNB Tokyo and Nagoya stands ready to serve.

I. Remittance Requirements

1. Required Forms and Identification Documents (IDs)
   
   

   Non-Japanese Nationality	Japanese Nationality
   1. Completed Remittance Membership Registration and/or Application for Remittance with Declaration (RMR)	1. Completed Remittance Membership Registration and/or Application for Remittance with Declaration (RMR)
   2. Required IDs: Residence Card My Number Card, or Resident Certificate with My Number indicated	2. Required IDs: Japanese Driver’s License, or Passport+ Health Insurance Certificate My Number Card, or Resident Certificate with My Number indicated
   3. Source of Funds: payroll sheet, passbook,etc.	3. Source of Funds: payroll sheet, passbook, etc.
   *Note 1) For walk-in clients, please bring original IDs. (IDs without face photo affixed like Health Insurance Certificate require the presentation of additional IDs.) *Note 2) For non-face-to-face clients, please submit copies of valid IDs (front and back pages). When submitting Health Insurance Certificate copies please mask its symbol number/insurer number and handwrite your current residential address in the address column. *Note 3) Kinship relationship requirement for remittances to China: In accordance with Article 17 of the “Foreign Exchange and Foreign Trade Law”, the bank will implement economic sanctions based on the “prohibition of payment principle” against North Korea. If the address of the beneficiary of remittance to China falls under the three northeastern provinces of China namely, Liaoning, Jilin and Heilongjiang, please submit a document proving the kinship relationship. In addition, remittance to non-relative people will be JPY100,000 or below in these provinces effective from October 1, 2019. *Note 4) Remittances to China are processed by the SWIFT global interbank network. The bank strictly acts on the protection of personal information by the laws and regulations of Japan. However, the bank does not collect and provide clients with information on the regime for protecting personal information in every jurisdiction and measures taken by foreign banks.

   • Remittance Membership Registration and/or Application for Remittance with Declaration (RMR)
   • Remittance Membership Registration and/or Application for Remittance with Declaration (Sample)
2. Required information
   
   

   Remitter’s Information	Beneficiary’s Information
   Remitter’s Name Remitter’s Residential Address in Japan Remitter’s Contact Number Remittance Purpose Remitter’s Occupation	Beneficiary’s Name and Birth Date Beneficiary’s Address Beneficiary Bank and Branch Name Beneficiary’s Account Number Relationship to Remitter

II. Remittance Fee

III. Available Beneficiary Banks in China

(1) Bank of China (中国银行)
(2) Industrial and Commercial Bank of China (中国工商银行)
(3) Agricultural Bank of China (中国农业银行)
(4) China Construction Bank (中国建设银行)
(5) Bank of Communications (交通银行)
(6) Other Banks, please contact PNB Tokyo for details

IV. Two Modes of Remittance

1. Walk-in (Over the Counter)
   1. Please bring your valid original IDs with you.
   2. Banking hours: Monday to Friday 09:00-15:00, Saturday, Sunday and National Holidays are closed.

Starting October 1, 2019, the bank will be implementing the following limits for over-the-counter cash remittances:

• New Remitter --- JPY500,000
• Existing Remitter --- JPY1,000,000

For your remittances beyond the above limits, kindly use bank transfers.

2. Bank Transfer (Ginko Furikomi): Clients are no need to visit the branch (non-face-to-face mode)
   
   1. First Time Remitter
      

      Step 1: Remittance registration
      Mail your completed RMR original and valid IDs copy to PNB Tokyo. Fax is not accepted. When the completion of remittance registration the bank will mail you remitter ID card to your registered address by registered mail. After confirming your receiving of remitter ID card and your submission of related source of funds, the bank will guide you to step 2.
      Step 2: Transfer your funds to PNB Tokyo’s designated account.

   2. Existing Remitter

      Situation 1: Remit to Existing Beneficiary
      Only need to call and give your remittance instructions. After confirming the submission of related source of funds, the bank will guide you to transfer your funds to PNB Tokyo’s designated account.
      Note: If your residential address or visa status has been changed, please submit PNB Tokyo your updated ID ahead.

      Situation 2: Remit to Additional Beneficiary
      Submit your completed RMR, valid ID copy and related source of funds to PNB Tokyo. After confirming all the required documents are ready, the bank will guide you to transfer your funds to PNB Tokyo’s designated account.

      For non-face-to-face mode, after processing your remittance, the bank will mail remittance receipt to your registered address.

      PNB Tokyo has the right to suspend your remittance request and is not responsible for any delay caused by insufficient documents, incomplete remittance information, and/or the incompatibility of your instructed amount and the amount PNB Tokyo received, etc.

      In accordance with the Law for Prevention of Transfer of Criminal Proceeds (Japan AML Law), either walk-in or bank transfer mode you are required to submit information on Source of Funds.

V. PNB Tokyo’s Designated Account for Remittance to China

Please transfer your funds to either of the account below:

Remitter is responsible for the domestic transfer fee.

VI. About Us

Philippine National Bank Tokyo Branch

1. Office Hours:
   Monday to Friday: 9:00AM ~ 3:00PM
   Saturday, Sunday and National Holidays: Closed
2. Contact Information:
   Customer Support Center: 03-6858-5910
   Free hotline: 0120-86-6382
   Chinese: 03-6858-5994 / 090-4960-3230
   Fax: 03-6858-5920
3. Homepage: http://pnb.com.ph/japan
4. Address: Mita-Kawasaki Building, 2F 1-11-15 Mita, Minato-ku, Tokyo 108-0073 Japan
   Click here to view on map
5. Train Access:
   1. Take Toei Asakusa / Mita Line
      浅草線 三田線 to Mita Station, Exit A3, 8 minutes walk
   2. Take JR Yamanote/ JR Keihin-Tohoku Line
      山手線 京浜東北線 to Tamachi Station, Mita Exit (West Exit), 8 minutes walk

VII. Frequently Asked Questions

Q1: How many days will it take for beneficiary to receive remittance funds?
A: It varies from beneficiary’s location and bank. Normally, it takes two to three banking days (excluding Saturday and Sunday).

Q2: Without a bank account with PNB Tokyo can remitter still remit?
A: yes, remitter can remit with PNB Tokyo through walk-in and bank transfer (ginko furikomi). For more details please check two modes of remittance.

Q3: Are there any limitations for remittance amount?
A: No, there is no limitation. However, in accordance with Japan AML Law, you may be required to submit information on Source of Funds.

Q4: What is the function of “Remitter ID Number”?
A: When you remit or follow up your remittance status, please tell the bank your Remitter ID Number for the bank to accomplish your transaction or answer your inquiry quickly and smoothly.