Remittances and Foreign Transfers

Keep your business flexible and professional by relying on our various foreign transfer and remittance services.

Remittances and Transfer

Inward Remittances

The transfer of funds from a local or foreign remitting bank to your identified beneficiary in Security Bank. The remitting bank sends a payment order for Security Bank to process and Security Bank will process the transaction

Outward Remittance

The transfer of funds from your designated account to your chosen foreign or local beneficiary. Upon giving instructions to us, SBC, as the remitting bank, will remit the amount and send a payment order with your specified instructions.

Begin the transfer process now.

Foreign Telegraphic Transfer

The transfer of funds from a Philippine bank to a foreign bank or vice versa through the SWIFT system.

Begin the transfer process now.

Telegraphic Transfer Application Form (TTAF) Terms and Conditions

The applicant represents and warrants that the information indicated above are true and accurate, the funds originate from genuine transactions, and the applicant has the requisite power or corporate authority to execute this telegraphic transfer and that the beneficiary is an existing person or entity. The applicant agrees to comply with this Bank’s policies in relation with anti-money laundering and counterterrorism financing regulations of the BSP, AMLC and other appropriate government agencies. The Bank reserves the right not to process this application if this Bank is of the opinion that the applicant violated the aforementioned policies or if any information given in the Application is incomplete or is not sufficiently clear. Any and all taxes, charges, or assessment of whatever kind or nature to which this document or the transaction referred to herein at any time or in the future may be subject, shall be for the sole and exclusive account of the Applicant.

This Bank reserves the right to send this transfer to a different branch or location other than as specified or to make use of any correspondent/agent if operational circumstances so require or to automatically debit the depositor’s account, without prior notice, to correct crediting or posting errors. The Bank, its officers, employees, agents, representatives, correspondent and assigns shall not be liable for failure to perform or delay in the future to perform or delay in the performance of its obligations under this Agreement for any errors / neglect / defaults / accidents / delays that may occur in the transmission or non-execution of the remittance instruction. This Bank is authorized to disclose Applicant’s name, account number and/or other account information to the receiving bank/beneficiary of the Telegraphic Transfer.

This Bank is authorized to disclose Applicant’s name, account number and/or other account information
to the receiving bank/beneficiary of the Telegraphic Transfer. Any refund shall only be made once this Bank receives confirmation of effective cancellation of the remittance and after receipt of the reimbursement from the correspondent bank at the rate which this Bank may fix, less all expenses incurred. Any legal action or proceeding arising from or relating to the services rendered herein shall be brought exclusively in the proper court of Makati City to the exclusion of all other courts.

As of February 2019

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