NOMINATED BANK ACCOUNTS

Nominated Bank Accounts are used for Sending Money Online. What's This?

WHY DO I HAVE TO NOMINATE A BANK ACCOUNT?

Upon Registration you are asked to specify a nominated bank account number in the Philippines. Please note this is required, as to use the Sending Money Online Service you must specify a nominated bank account.

This should be the bank account number of the beneficiary who you will primarily be sending remittances to in the Philippines. What If My Beneficiary Changes?

REMITTANCES OF $NZ100 AND OVER

If you wish to send remittances of $NZ100 and over you may only send such remittances to your Nominated Bank Account Number.

You can only have one nominated bank account at any one time, but you may change this bank account at any time by notifying us. That is, you can only have one nominated beneficiary at a time but you may change who this nominated beneficiary is at any time by notification.

REMITTANCES OF UNDER $NZ100

If you wish to send remittances of under $NZ100 there is no need to change your nominated bank account every time you wish to send such a remittance.

That is, for remittances of under $NZ100 simply go through the Sending Money Online process as normal and specify the bank account you wish to send a remittance to as required.

For remittances of under $NZ100 you may do this as many times as you wish without having to change your nominated bank account number or notifying us.

Please Note You must still specifiy a nominated bank account number in the Philippines in the Registration Process as this is required if at any time you wish to make a remittance of $NZ100 and over.