ATM remittance via LBC
October 10th, 2005 | by ka edong |There was an LBC desk at Lucky Plaza, Singapore. LBC has a service called “LBC Money Remittance”. What caught my attention is the instant remittance via ATM card.
The recipient will need to apply for the card at LBC bank in the Philippines prior to the transaction. When an OFW in Singapore sends a remittance, the amount is reflected in the recipient’s ATM in the Philippines within 15 seconds. The recipient can then withdraw the money immediately from any Megalink ATM (LBC Bank is part of the Megalink network).
As an aside, I was also delighted that that there are financial services for OFWs in Singapore that allow them to send SSS payments to the Philippines. This is what I meant when I wrote in the past that I want the OFWs to control where their remittances go. SSS is a start. G-Cash now allows sending tuition fees to some G-Cash partner-universities. Later on, I’d like to see OFWs being able to send money straight to the hospital (for regular health care of relatives), straight to a bank as amortization for a house, straight to a savings account in the Philippines, or straight to an investment product in the Philippines.
Para naman hindi ma-sayang ang remittance sa pag-inom ni Tito Boy, o sa Piyesta, o sa “gimmick” ni Kuya.
With the emerging technologies, it’s just a matter of time.
ka edong
30 Responses to “ATM remittance via LBC”
By sylver on Oct 10, 2005 | Reply
we have this one. My mom is using this to send our monthly allowance from canada.
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By ka edong on Oct 12, 2005 | Reply
talaga? that’s nice to hear. does it work well for you? okay naman ba ang rates compared to your mom’s other remittance options?
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By sylver on Oct 12, 2005 | Reply
yup… la pa naman complain ang mom ko about it. before she was using door-to-door remittance kaso medyo mababa, then PNB (i think) kaso ang haba ng pila pag mag withdraw ka na.
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By Pinky on Jul 27, 2006 | Reply
Hi! everyone,
im so happy at nagopen ang tita ko ng LBC atm cash card. everytime na kailangan na magbayad sa anuman and dali-dali lang mag withdraw… any atm machine pwede.. no other charges.,,, ang galing talaga.
Highly recommended sa OFW. or any relatives sa abroad..safe pa ang mga remittances.
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By ka edong on Jul 28, 2006 | Reply
Pinky,
Thanks for the feedback.
What country are you in? Singapore?
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By mark magsaysay on Nov 15, 2006 | Reply
my card is almost worn out,how can i get a new card,my card was opened in the u.s.
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By ka edong on Nov 16, 2006 | Reply
I recommend: visit your nearest LBC brach
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By eden on Jan 17, 2007 | Reply
hi everyone… my bro. has an lbc atm card and last year dec. 24 when his wife sent money amounting to 7thou something, ung 4thou eh nawla even thou he didnt withdraw yet, we are trying to deal it to lbc but so far di pa ito naaayos…
i hope u can help me with this!!!
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By ka edong on Jan 17, 2007 | Reply
goodluck, eden!
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By k8 on Feb 16, 2007 | Reply
where can i get the lbc atm card?
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By Pinky on Mar 24, 2007 | Reply
eden,
Minimum widrawal kasi ay 4000.00 per transaction. madali din naman ma solve ang problem just contact LBC BANK. nag ka problema din kasi ako minsan na debit ang fund pero wla pera na lumabas, after 2 days okey na.
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By irene on Apr 1, 2007 | Reply
magkano ang maximum withrawal?
irene
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By irene on Apr 1, 2007 | Reply
my husband just set me 2k dollars. pero di ko naman na withraw. nag appear lang ang ballance but di rin ma withraw..ano ba yan…i inquired their branch here, di naman daw nila coverage yun. e walang lbc bank sa min. i tried calling their hotline, wala namang sumasagot…can u guys help me with this?
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By ka edong on Apr 1, 2007 | Reply
hi irene, take a tip from Pinky, try contacting LBC Bank.
Got this from the web: The Makati branch is located at 809 JP. Rizal St. Poblacion, Makati City with contact numbers (02) 899-86-86 to 89.
Goodluck!
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By malu on May 20, 2007 | Reply
True that LBC is commendable in terms of you getting your remittance right away, however: it is also true that LBC have problems with their system in terms of withdrawing from ATMs. I got debited twice last year (in 2 month period) and again today (twice in a day on different ATMs) both because LBC’s system was so slow in responding that the ATM I used had timed-out before their response was received. It can get frustrating especially if you need the money. The hassle of waiting for credit is just not fair.
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By ka edong on May 21, 2007 | Reply
Thanks for the feedback.
Let’s hope LBC listens to customer feedback.
ka edong
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By tess on May 31, 2007 | Reply
hi good day,
just wanna ask if pueding kayong mag send ng documents galing sa singapore papunta dito sa pinas? specifically dito sa ilolo?
thank you.
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By ka edong on Jun 3, 2007 | Reply
Hi Tess,
hindi po ako taga-LBC.
Paki-contact nalang po ang LBC: The Makati branch is located at 809 JP. Rizal St. Poblacion, Makati City with contact numbers (02) 899-86-86 to 89.
Mabuhay!
ka edong
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By rucan hestia pastor on Jun 6, 2007 | Reply
im looking for an LBC location in DENVER COLORADO bec my fiancee wants to send money to me ..i heard there is an LBC BANK in DENVER?? my fiancee is from PUEBLO WEST, COLORADO.i just want to make sure that the money he will send me will be safe..i trust LBC Bank. im from Olongapo city, philippines. we have an LBC here..can i use ATM REMITTANCE via LBC??
pls help me.. thanks..
ruthie
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By ka edong on Jun 6, 2007 | Reply
Hi Ruthie.
You need to check in LBC Bank in Denver if they have the remittance service to Olongapo.
Goodluck!
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By rucan hestia pastor on Jun 22, 2007 | Reply
my fiance is asking for the address of LBC Bank in Denver ,CO bec the place is so huge..can you pls furnish me with the exact location of LBC Bank in Denver, CO. USA??thnks
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By ka edong on Jun 23, 2007 | Reply
hi rucan,
sorry, i don’t know. pls contact LBC directly and ask: (02) 899-86-86 to 89.
Goodluck
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By bigdaddy on Aug 16, 2007 | Reply
u can call (02) 8525489 or (02) 8525462 thats their ATM hotline
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By lovely on Dec 21, 2007 | Reply
hello just wanna ask where can i find a LBC branch in the philippines.
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By PAULA on Feb 11, 2008 | Reply
pwede ba talaga gamitin LBC atm in any atm machines? kahit sa megalink? wala bang charges? hope someone will answer me. (= thanks!
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By ka edong on Feb 11, 2008 | Reply
There *are* charges — similar to the usual inter-network charges.
Details: please ask a nearby LBC branch.
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By gaze on Apr 7, 2008 | Reply
charges are reflected to cards opened in the philippines but transacted with other banks. those opened abroad are free of charges at any atm (099 card holders)
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By ka edong on Apr 7, 2008 | Reply
thanks magaze!
Are you from LBC?
Do read through the user feedback, baka ma-tulungan mo sila.
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By CCC on Oct 6, 2008 | Reply
ok ang lbc atm, mabilis ang padala from abroad but the problem is hindi basta mailabas pera s atm, i tried PNB pero system error, i tried Metro Bank but “transaction cancelled. and lastly i tried BPI, ayun very good, nakakuha rin s wakas. I recomend BPI for LBC ATM Card. Thanks a lot. God Bless.
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