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Philippine Peso (PHP)

Overview

Payment type Priority Regular
Cutoff time (UK Time) n/a 4:30 pm
Delivery time frame n/a 0 days
Maximum payment size n/a PHP 1,300,000
Payment Scheme n/a PESONet
Destination countries n/a Philippines
Traces n/a No
Recalls n/a No
Ultimate payer displayed? n/a No

Required details

Regular Payment

Field Individual Company Permitted Data Notes
Beneficiary Entity Type Yes Yes ‘individual’ or ‘company’ only
Beneficiary First Name Yes No 1-255 characters*
Beneficiary Last Name Yes No 1-255 characters*
Beneficiary Company Name No Yes 1-255 characters*
Beneficiary Address Yes Yes 1-255 characters*
Beneficiary City Yes Yes 1-255 characters*
Beneficiary Country Yes Yes 1-255 characters*
Account Number Yes Yes 1-17 digits
BIC SWIFT Yes Yes Valid ISO 9362 SWIFT BIC code; 8 or 11 alphanumeric characters
Payment Currency Yes Yes 3 letter ISO currency code
Payment Amount Yes Yes Numeric amount
Payment Reference Yes Yes 1-255 characters*
Payment Reason Yes Yes 1-255 characters*
Payer Entity type Yes Yes ‘individual’ or ‘company’ only
Payer First Name Yes No 1-255 characters*
Payer Last Name Yes No 1-255 characters*
Payer Company Name No Yes 1-255 characters*
Payer Address Yes Yes 1-255 characters*
Payer City Yes Yes 1-255 characters*
Payer Country Yes Yes 2 letter ISO country code
Payer Date of Birth Yes No ISO 8601 format (YYYY-MM-DD).
Payer Identification Type Yes Yes One of the following:
drivers_license
social_security_number
green_card
passport
visa
matricula_consular
registro_federal_de_contribuyentes
credential_de_elector
social_insurance_number
citizenship_papers
drivers_license_canadian
existing_credit_card_details
employer_identification_number
national_id
others
incorporation_number
A legal document type that verifies the identity of the payer.
Payer Identification Value Yes Yes 1-255 characters* A unique reference code for the identification document, such as a passport number.
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Governing Bodies and Registrations

Excel Currencies are a fully Authorised Payment Institution with the UK Financial Conduct Authority. ( Ref: 911228) and HM Revenue & Customs (MSB No: 12190705) as a Money Services Business. Excel Currencies ltd are also members of the UK Money Transfers Association (MTA) and the Association of International Property Professionals (AIPP).

Security of Funds

Excel Currencies ltd operate a Safeguarding Client Account System which protects all funds in these accounts against any liabilities that Excel Currencies ltd may have.

Excel Currencies Ltd, Enterprise House, 8 Essex Road, Dartford, Kent DA1 2AU

Registered in England and Wales, No. 05171054

Copyright © Excel Currencies Ltd 2022. All Rights Reserved.

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