Guide to PHP Transfers from Aspire USD Account

What payment method is used for PHP transfers?

PHP payments will be sent via PESONet (local network). 


What types of beneficiaries can I transfer PHP to?

You can send PHP payments to individual or business accounts in the Phillipines. 


Is there a limit on the amount I can send?

PHP 1,300,000 per transaction. 


How long does it take for the funds to reach the beneficiary?

The transfer will typically arrive to your beneficiary within 1-2 business days. Do note that transfers are subjected to compliance checks.


What will the sender's name be reflected as?

Our payment partner, CurrencyCloud's local payout partner’s name.


What is the accepted number of digits for the Account Number?

We accept account numbers with 1-17 digits. 


What is the accepted number of characters for the BIC SWIFT code? 

We accept BIC SWIFT codes with 8 or 11 alphanumeric characters. 


Important note for PHP Transfer

  • Non-ASCII characters will be converted to their ASCII equivalents or removed, to the best of our ability, in order to comply with the limitations of the domestic payment system.

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