Seven Bank International Money Transfer Service

Seven Bank International Money Transfer ServiceInternational Money Transfer Service

Inquiries

How to Apply for a Money Transfer Service Agreement

Information necessary for application

  1. To use the Seven Bank money transfer service, you need to open a Seven Bank account and to apply for an international money transfer service agreement.(*13,*21)
  2. 【About "Deposit into Bank Account" to the Philippines】

    * If the "Deposit-into-bank accoun" is taken in the Philippines, only the account number is checked to ensure that it matches the Receiver's Bank account designated by the customer, and no steps are taken to ensure that the account holder matches the name of the receiver. As such, when taking the Credit-to-Account method in the Philippines, it is particularly important to ensure that the account number for the Receiver's Bank Account is accurate. Therefore, we encourage you to be extra careful when registering the receiver's information.

    * About money transfers to some banks: If the receiving bank account is a passbook account, the money will not be processed and refunded back to your account. If the receiving bank is an ATM account, money is available to be received. Please confirm HERE, the list of receiving banks.

    * Allied Banking Corporation (Allied Bank) was merged with The Philippine National Bank (PNB). For this reason, if your receiving bank is an old allied bank account, you must designate "Allied Bank" as your receiving bank instead of "PNB".
    For details, please confirm at your local branch or bank where you opened your account.

  3. 【About "Deposit into bank account" to China】

    * If "Deposit into bank account" is taken in China, the receiver's account number to be registered should start from the number "62", with a total length of 14 to 19 digits. Please be advised that the receiving account number should be the number indicated on the cash card and not the passbook number.

If you do not have a Seven Bank account, please apply for opening a bank account when you apply for an international money transfer service agreement. To apply for an international money transfer service agreement, you need the following information.

Information on the applicant(*15)
  • Name
  • Address
  • Telephone number
  • Nationality
  • Place of birth
  • Source of funds
Information on the receiver(*14,*16)
  • Name
  • Relationship with the sender
  • Currency
  • Frequency
  • Address
  • Country
  • Purpose
  • Expected amount per transaction

When depositing direct to a bank in China and the Philippines, information such as the receiver's bank name, receiver's bank account number and other details are required. (*6)

Application procedure

  • Step1

    Request an application form.
    Please request an application form through the website for application or through the telephone. The prescribed information of the applicant and receiver will be needed on the above-mentioned.
  • Step2

    Return the application form that will be sent to you(*21)
    Seven Bank will send an application form by mail where the information you have entered is printed. Confirm the printed information, enter the necessary information, included the personal identity verification documents submit and return the form to Seven Bank using the return envelope enclosed.
    "Credit-to-account method"
    If the credit-to-account is taken in the Philippines, only the account number is checked to ensure that it matches the Receiver's Bank account designated by the customer, and no steps are taken to ensure that the account holder matches the name of the receiver. As such, when taking the Credit-to-Account method in the Philippines, it is particularly important to ensure that the account number for the Receiver's Bank Account is accurate. Therefore, we encourage you to be extra careful when registering the receiver's information.
  • Finish

    Completion of application
    Seven Bank will send the documents to the registered address one or two weeks after you return the application form.
    Please refer to the enclosed "International Money Transfer Service Manual" for details of the method to send money.