Can you receive money to GCash from abroad?
Wondering can GCash receive money from abroad? The answer yes yes, read more from our guide to learn how is it possible
If you have a LandBank¹ PHP or USD account you may want to know: can LandBank receive money from abroad?
This could be relevant if you’re expecting a remittance from a loved one, if you need to get a payment from an employer or customer overseas, or if you’re just waiting on an expected international payment for any other reason. So - can LandBank receive an international remittance, and can LandBank receive dollars to a USD account? Let’s explore.
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The first question to look at is - can a LandBank account receive money from abroad?
There are several different ways to receive money from abroad with LandBank in the Philippines. The options available may vary a little depending on the account type you hold with LandBank and whether you’d prefer to receive a deposit to your account, or cash you can collect locally.
Your sender’s account type and preferences may also impact the options available - but usually you’ll be able to pick between2:
LandBank has a number of overseas remittance partners in countries including Australia, the UK, Canada, the US, many countries in the Middle East, and many of our local neighbors in Asia and Southeast Asia3. Senders can choose to use one of these remittance partners to easily send money to LandBank account holders. Take a look online or in the LandBank app for the full list of LandBank remittance partners, to see if any might be suitable for the person sending you a payment.
On to the next important point: how long does it take to receive an international wire transfer in LandBank?
This depends on how the sender arranges the payment, where it’s coming from, the currency and the value. Usually people sending money from overseas to a LandBank account in the Philippines will set up the transfer through their home bank. It will be processed through the SWIFT network before being deposited in your account in the Philippines. This process is secure but not necessarily as quick as you might hope - which means it may take 3 to 5 days for the payment to get to you.
Ask the person sending you money to get an estimate from their own bank of the time it’ll take based on the way they’re routing the transfer, so you know what to expect.
The easiest way to receive a payment from abroad with LandBank is to have it deposited right to your account. That means you don’t even need to go out to a LandBank agent to collect your cash - just wait for the money to arrive, then spend it as you normally would, for online and in person payments, or for cash withdrawals at a local ATM.
To receive a payment from abroad to LandBank you’ll need to give the sender some information about yourself and your account. This can vary depending on where your sender is - but will usually include:
The sender can initiate the transfer using their online or mobile banking service, in person or by phone - or they can use a third party service like Wise. The money is sent to your LandBank account for deposit - and once it’s cleared in a few days, it’s yours to spend as you wish.
Here’s an overview of the most common and important fees you’ll need to know about when receiving an international transfer to LandBank. Bear in mind that the exact fees for receiving money from abroad with LandBank may vary a little depending on the account type you have and the value of the payment.
Remittance type | LandBank receive fee⁴ |
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Credit to a LandBank USD account | 5 USD |
Credit to a LandBank PHP account | 50 PHP + 0.60 PHP in documentary stamps for every PHP 200 Additional fees for Easy-S Pension account |
For credit to another local bank in USD - GSRT | 15 USD |
For credit to another local bank in USD - PDDTS | 5 USD |
For credit to another local bank in PHP - RTGS | 150 PHP + 0.60 PHP in documentary stamps for every PHP 200 + Ad Valorem |
For credit to another local bank in PHP - PesoNet | 120 PHP + 0.60 PHP in documentary stamps for every PHP 200 |
The limits which matter when receiving a payment to LandBank might be set by your own bank and account type - but your sender’s account will also have its own limits too. You’ll be able to see the LandBank receive money limits which apply to your account online or in the LandBank app - and you’ll need to check with your sender that their own bank doesn’t impose any limits which may cause a problem with your transfer, too.
Try Wise to send PHP from abroad directly to your bank, with low fees for the sender and no receiving fee.
Ask the person sending you money to take a look at Wise, as an easy way to send payments to the Philippines online or in app. Your money will be deposited to your bank or preferred ewallet, and Wise currency conversion uses the mid-market exchange rate, and low, transparent fees2. That can mean low overall costs and more in your pocket in the end.
Plus, many Wise payments arrive instantly - and 90% get to the recipient in under 24 hours7. That means your money could be ready to spend or withdraw in no time at all.
Send money to the Philippines with Wise
Let’s finish up with one more common question that’s asked about how to receive money from abroad with LandBank in the Philippines. If you find you have specific questions based on your own LandBank account you can call into a local branch or phone the service center to get detailed support based on your own situation,
Yes. LandBank has USD saving accounts, pensions and time deposit accounts, as well as USD accounts aimed at overseas Filipinos and their beneficiaries in the Philippines. If you have one of these LandBank USD accounts you can have someone overseas send money to this account in US dollars, to be deposited without converting back to PHP unnecessarily.
All in all, receiving money from abroad with the LandBank of the Philippines shouldn’t be too much trouble. Take a look at your own specific account details to make sure there are no unexpected fees or challenges - and gather all the required information for the personal sending you a payment. Once you’ve passed all your relevant banking details on, you’ll just need to sit back and wait for the sender to arrange the payment through their own bank or a third party provider - once cleared, the money will be deposited to LandBank for you seamlessly.
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*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.
This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.
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