News PNB extends waiver on remittance charges to Middle East

PNB extends waiver on remittance charges to Middle East

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Philippine National Bank (PSE: PNB) has good news for Filipinos in the Middle East. PNB is waiving the remittance fee or “No Back-End Fee” for remittance transactions from all PNB bank partners and remittance companies in the Middle East, mainly from Saudi Arabia, United Arab Emirates, Qatar, Bahrain, Kuwait and Sultanate of Oman. Waiver applies to cash transfers that will be credited to PNB deposit accounts in the Philippines. Promo is valid until May 31, 2020.

PNB understands the whole world is undergoing an extreme crisis because of the COVID-19 pandemic. President and CEO Wick Veloso said that the bank is committed to making remittance transfers convenient and hassle-free for customers here and abroad. “Our kapitan, Dr. Lucio Tan, knows very well that in these difficult times, being able to care for their loved ones is top-of-mind for our overseas Filipinos – our modern-day heroes,” he stated. “Every hard-earned peso counts especially when so many of our countrymen are not able to work due to the enhanced community quarantine. This is why we have extended ‘Libreng Padala’ until the end of May.”

Veloso added, “We have extended the coverage to the Middle East by waiving the back-end remittance fee. There are many kababayans from the Middle East who need this kind of support in sending cash to their families. This is very timely given that the observance is ongoing.” As our Muslim community is celebrating the month of Ramadan and Eid El-Fitr Festival Celebration, the waived remittance fees will provide added relief to our remitters abroad especially in this very difficult time.

PNB also waived the transaction fees for local money transfer done via Instapay and PESONet.

Clients are encouraged to regularly visit PNB’s official Facebook page (@PNBph) for updates on the latest news and promos.

Ryan Namia
Ryan Namia spends most of his days reading over drafts of new written content and determining which ones make the final cut for online and print publication. He received his Bachelor's degree in Journalism in 2015 and has been writing since 2016. Got story to tell? Email him at eic@theglobalfilipinomagazine.com.

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