I was browsing through MyAyala’s webpage and I found out that they are really customer-friendly, user-friendly, and offers many valuable services for our OFW friends! But first, let’s focus on their remittance services which I found very simple YET very interesting and secure.
To give you an insight of why I think MyAyala.com is a safe way to transact your remittances with, MyAyala is a member of the Ayala Group of Companies. As we all know, they are one of the most stable companies not only in the Philippines, but in the world and has been a recipient of countless citation and awards in the fields of interest they venture into. For OFW remittances, MyAyala offers both door-to-door and bank-to-bank remittance service.
Sending Money
As mentioned, MyAyala offers both door-to-door and bank-to-bank remittance services. Here’s an idea on how to send money through bank-to bank
- Go to their website and fill out the questionnaire. You will need to obtain your beneficiary’s account name, account number, bank name and branch, your beneficiary’s telephone/cellphone number and email address.
- MyAyala.com remittances are accepted in the following banks
- Allied Bank
- Banco de Oro
- Bank of the Philippine Islands (BPI)
- BPI Family Bank
- Equitable-PCI Bank
- International Exchange Bank (iBank)
- LandBank
- Metropolitan Bank (MetroBank)
- Philippine National Bank (PNB)
- Rizal Commercial Banking Corp. (RCBC)
- Security Bank
- Union Bank of the Philippines (Union Bank)
- United Coconut Planters Bank (UCPB)
- The remittance amounts and their corresponding fees are as follows:
| From | To | Fee | |
| PHP 1.00 | PHP 1,000.00 | PHP 300.00 | |
| PHP 1,001.00 | PHP 2,500.00 | PHP 350.00 | |
| PHP 2,501.00 | PHP 5,000.00 | PHP 450.00 | |
| PHP 5,001.00 | PHP 10,000.00 | PHP 650.00 | |
| PHP 10,001.00 | PHP 20,000.00 | PHP 1,100.00 | |
| PHP 20,001.00 | PHP 30,000.00 | PHP 1,500.00 | |
- For first time users, after placing your transactions online, fill out the authorization form and submit your authorization letter, together with a copy of your credit/debit card and a government issued ID (for proper identification) to MyAyala.com.
- If your transaction is placed on a weekend or on a holiday, the money will be received on the next banking day.
If you opt to avail of their door-to-door services, here are the quick instructions
- You will need the FULL NAME of your primary recipient. In case of primary recipient’s absence, you should also need the name of the secondary recipient. Also, it is imperative that the address you give to the system be complete and accurate. The telephone number and cellphone number of the beneficiary should also be given
- A flat rate of P350 will be charged if your recipient is living in the following areas
Alabang, Baguio, Batangas, Bulacan, Cainta, Camanava, La Union, Laguna, Lucena , Marikina, Metro Manila, Muntinlupa, Pampanga, Pangasinan, Tarlac
- For first time users, after placing your transactions online, fill out the authorization form and submit your authorization letter, together with a copy of your credit/debit card and a government issued ID (for proper identification) to MyAyala.com.
- If your transaction is placed on a weekend or on a holiday, the money will be received on the next banking day.
Receiving Money
For bank-to-bank transactions, here is the one-step procedure to receive the money
- The beneficiary should only go to his bank and withdraw!
For door-to-door recipients, the following guidelines must be followed
- The primary or secondary recipient will be required to present a valid ID(s) to the courier. The remittance will not be delivered without proper validation of the recipient.
- The name you have given should match the ID presented by the beneficiary.
- The money will be delivered within 48 hours upon approval of the transaction.
Good
Using MyAyala.com is a no-brainer because of its simple yet unique interface. Here are other good points of the website and the service itself
- The website is simple and uncomplicated.
- MyAyala belong to the Ayala Group of Companies, one of the most stable companies in the world.
- Competitive (read: CHEAP) rates for money transfer.
- You are billed in peso, which makes it cheaper than other remittance services.
- Your beneficiary will be ID-ied properly for safe and secure transactions.
- They require government issued IDs to make sure your identity is genuine.
- For door-to-door remittances, they charge a flat rate of only P350.
Not So Good
But there are downsides as well…
- MyAyala we can process a maximum cumulative amount of P30,000.00 per customer per week.
- Only a limited number of banks accept MyAyala’s bank-to-bank remittances
- No online transaction tracker (as used by other remittance services).
Other Information
Aside from remittance services, MyAyala also offers
- Online shopping. They have a wide range of products that are up for sale.
- Bills payment. Yup, you can pay for your family’s electric, water, phone, cable bills and other utilities even from a thousand miles away!
- NSO certificates. Now here’s the best part. You can request for your birth certificates and other essential papers from MyAyala.com
Contact
Website:
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Contact Numbers:
Office hours and schedule Office Address: |
Popularity: 4%
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