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What are the Bank Deposit requirements in the Philippines?

Bank Deposits are available to all major and most regional banks in the Philippines and funds can be deposited in Philippine Peso or U.S. Dollar accounts.

Bank Deposit Requirements
In order for your bank deposit to be processed in a timely manner, please make sure you provide all information needed for the transfer.
  • Bank Name, as bank deposits are available all major and most regional banks in the Philippines. View Xoom Money Transfer Locations for complete list of banks.
  • The correct currency of your beneficiary's bank account (Peso or U.S. Dollar). Transactions sent with wrong currency cannot be completed and will be canceled.
  • The correct Account Number
  • The entire name of your recipient as it appears on the recipient's Bank Account
  • Complete address of your recipient, including the City and the Province
  • A valid phone number (city code+domestic number)

Please do not use any dashes or special characters while filling out this information.

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