SB Spot: FOREX Online

Manage dollar-to-peso transactions from the comforts of your home!

What is SB SPOT?

The Security Bank Secured Platform for Online Trade (SB SPOT) is a platform that allows you to make 24/7 foreign exchange (FOREX) transactions online, in real time, on any day of the week-even on weekends and holidays!

You can get up-to-date currency rates while you find your forex transactions as well as receive the exchanged currency. You can access SB SPOT through the Security Bank Online Foreign Exchange Service module.

Requirements

  • A Security Bank Online account*
  • Enrolled and active USD and PHP accounts in SBOL**
  • Maintaining balance of $500.00
  • Other documentary requirements

*Click here to open a Security Bank Online account

**Click here to open a foreign currency account

Features and Benefits

24/7 Availability

Real-time Transactions

Competitive Rates

No Cash Handle

How to Use SB SPOT

Log in to Security Bank Online (SBOL). Choose “Payments & Transfers,” then “Convert Dollar to Peso.”

Fill in the details. Review the transaction, tick Terms & Conditions box and click Submit.

Print the Acknowledgement page and keep it for reference.

Expect to receive a notification thru email.

Have questions about SB SPOT?

Frequently Asked Questions
  1. What is SB SPOT?
  2. The Security Bank Secured Platform for Online Trade (SB SPOT) is a facility that allows retail customers to do 24/7 foreign exchange (FOREX) transaction online. Client will have access to up-to-date currency rates and can use their own Security Bank account to fund their transactions as well as to receive their exchanged currency amount real-time.

    Security Bank Online client may access this facility through the SB Online “Foreign Exchange Services” module.

  3. How does a customer access the SB SPOT facility in SB Online?
  4. Client may access this facility by following these easy steps:

    • Log-in to Security Bank Online
    • Click “Others” choose “Foreign Exchange Services” then “Convert Dollar to Peso”.
    • On the “Terms and Conditions” page, tick the “I have read…” box then “Submit”.
    • Complete “Convert Dollar to Peso” transaction details then click “Submit”.
    • Review transactions details and click “Confirm”.
    • Print the Acknowledgement page for reference.
    • Expect a notification to be sent to your email for the detail of your forex transactions
  5. What type of FOREX transactions can a client process under this facility?
  6. Client may process Bank Purchase (Dollar to Peso) transactions only

  7. What are the basic requirement for me to initiate a FOREX transaction
    • Customer should be enrolled in the SBOL facility
    • Customer should have enrolled and active USD and PHP accounts in SBOL
  8. Once a FOREX transaction is successfully processed, when does the Customer’s PHP account be credited?
  9. PHP amount will be credited to the Customer’s PHP account real-time.

  10. Can Customer process FOREX transaction after banking hours?
  11. Yes, SB SPOT is available 24/7.

  12. Can Customer process FOREX transactions on weekends/holidays?
  13. Yes, facility is available even on weekends and holidays.

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