【ZA Bank】✌️ Long live the Philippine Peso + ZA Remit!🎉

🎊 Mabuhay ang Philippine Peso! 🎊

 

We are proud to announce today that we have added the Philippine Peso currency to ZA Remit! With ZA Bank App, you can now convert your HKD to PHP and quickly send it abroad to the Philippines in one step! 🚀 That’s right – one step only!!

 

But you may be asking: Why should I choose ZA Bank App to send money overseas? 🤔 What’s the difference between ZA Bank and other banks? If I frequently send money back to the Philippines, wouldn’t the fees be quite expensive?

 

It’s simple! 😄

 

We have three things that are better than many other banks: SPEED, CONVENIENCE, and LOWER FEES. Think about it…You won’t have to wait in long queues anymore at a traditional bank branch, or to cater for a bank’s opening and closing times. YOU can decide when and how to send your money, and all from the comfort of your own bed. 🛌😴

 

Don’t believe it? As a reminder, check out the many benefits below that ZA Remit can bring you!

 

	Traditional Wire Transfer	ZA Remit
Arrival speed ⏲️	1-5 working days	50% of global money transfers via Wise completed in 20 seconds[1]
Exchange rate ⚖️	Hidden rate markups	Uses the mid-market rate[2] without any markups
Cost 💸	A variety of fees. Also, it is generally difficult for the remitter to know the actual fee amount and the actual amount received by the beneficiary before the wire transfer.	Only a basic handling fee, consisting of a Wise handling fee and a convenience fee[3] , is required.
Transparency 🔍	Only some banks will provide free wire transfers	ZA Bank App will notify a user of the progress of the transfer so that he or she can track the payment
Safety 🛡️	Guaranteed by a licensed bank	Wise is regulated in all markets where it operates, including Hong Kong; ZA Bank is a licensed bank in Hong Kong
Convenience 📱	Some banks require the remitter to convert the currency before they can make a wire transfer; others do not support wire transfers with mobile apps.	Currency exchange and remittance are combined into one step. The remittance process is completed through ZA Bank App, without switching to other applications or platforms.

 

The best way to believe it is to try it! 😉

 

Starting using ZA Remit today by tapping on the Global Transfer icon in ZA Bank App!

 

[1] https://wise.com/gb/blog/q3-2022-mission-update-speed 

 

[2] Wise uses rates independently provided by Reuters, XE, and Google to provide mid-market rates, the midpoint between global money market buy and sell rates, in real time.

 

[3] Fees charged will be calculated based on the currency and transfer amount.