For remittances to the Philippines, the fee is only US$10 for amounts up to US$4,000.
For more than US$4,000, the remittance fee is 0.25% of the remitted amount, with a maximum fee of US$100.
For remittances to South Korea, the cable charge is US$15 for each remittance transaction.
NO LIMITS. There are no limits to the amounts of US dollars sent to and from the Philippines.
Korea Exchange Bank is located in Makati:
33rd Floor Citibank Tower
8741 Paseo de Roxas St.
Makati City
Near the Mandarin Hotel
Tel No: 632 - 848 - 1988
Fax No: 632 - 848 - 1778
Email: koexbank@surfshop.net.ph
Swift Code: KOEXPHMM
Cable Address: KOEXBANK MANILA
The bank is open from Monday to Friday, except during Philippine holidays
Korea is AHEAD of the Philippines by ONE HOUR
You can use the remittance service of Korea Exchange Bank even if you do not have an account with the bank.
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