Committed to providing Filipinos access to cheap and convenient remittance services, LBC Express Inc., the leader in money remittance services, announces its lowest rate ever. For as low as Php2, senders can send their money to their loved ones with the help of LBC’s over 1,400 branches nationwide with its cheaper Instant Peso Padala service.
This announcement aims to benefit the over 52 million unbanked Filipinos, a number released by the Bangko Sentral ng Pilipinas in 2018.
“We understand that sending and receiving money from your loved ones may be hindered with access to digital means. That is why our over 1,400 branches are open to serve as transaction points so Filipinos don’t have to worry about remitting money wherever in the country they may be. Our strong network coupled with these affordable rates will enable Filipinos to do quick, cheap, and safe financial transactions,” said OLV.
The new rates are as follows:
Amount | Provincial Rate | Manila Rate |
Php0.01-Php100 | Php2 | Php3 |
Php100.01-Php200 | Php3 | Php6 |
Php200.01-Php300 | Php5 | Php9 |
Php300.01-Php400 | Php8 | Php12 |
Php400.01-Php500 | Php8 | Php15 |
Php500.01-Php600 | Php10 | Php18 |
Php600.01-Php700 | Php10 | Php21 |
Php700.01-Php800 | Php12 | Php24 |
Php800.01-Php900 | Php12 | Php27 |
Php900.01-Php1000 | Php15 | Php30 |
Php1000.01-Php1500 | Php20 | Php45 |
Php1500.01-Php2000 | Php30 | Php60 |
Php2000.01-Php2500 | Php40 | Php75 |
Php2500.01-Php3000 | Php 50 | Php90 |
Php3000.01-Php4000 | Php70 | Php120 |
Php4000.01-Php5000 | Php90 | Php125 |
To avail of the Instant Peso Padala service, LBC customers just need to go to the nearest LBC branch, fill out the form and hand their cash. In a few minutes, the cash is ready for pick up at any LBC branch in the Philippines.
LBC remains bullish of the remittance transactions in the Philippines citing that Filipinos are still looking after secured and fast means to send and encash money. For more information on LBC’s services, visit https://www.lbcexpress.com/.