The first ever Online FX just got better!
Now, you can request for foreign notes for travel or use it to invest.
Travelling soon? Request for foreign notes from your preferred RCBC Branch at your own convenience.
Interested in dollar investment? Place in time deposit via RCBC Online Banking.
Quick, easy and secure.
We designed everything for your convenience:
ACCESSIBLE
Exchange & invest your FX online anytime, anywhere
CONVENIENCE
Now, you can order your foreign notes online and pick it up from participating RCBC branches. Simply enroll your accounts in RCBC Online Banking to use this feature.
COMPETITIVE RATES
You can buy and sell all major currencies such as US Dollar, Euros, GBP, JPY, SGD, among others at very competitive rates, real time.
FAQs
What is Online FX Trading Platform?
This facility allows clients to do online foreign exchange transactions between their FCDU/ PHP accounts enrolled in RCBC Online Banking.
To whom will this facility be made available to?
This facility will be made available to all current and savings accountholders of RCBC who have enrolled their accounts to the said online platform. This feature is available whether their account is in Philippine Peso (PHP), U.S. Dollar (USD), Euro (EUR), Japanese Yen (JPY), and other foreign currencies*
What FX transactions can be conducted using this facility?
The following FX transaction can be done between enrolled accounts:
Exchange from | Exchange To |
---|---|
USD | PHP |
USD | Other foreign currencies* |
Other foreign currencies* | USD |
Other foreign currencies* | PHP |
PHP | USD |
PHP | Other foreign currencies* |
*List of available foreign currencies for exchange:
What are the client requirements to be able to use this facility?
To be able to use this facility, the client's Customer Information File (CIF) must be updated. The system automatically identifies if client’s Customer Information File is not updated. To update, client should visit any RCBC branch to update their information.
What FX rates/quotes are used in this facility?
Current online foreign exchange rates are exclusive for RCBC Online Banking users.
What dates/time would this facility be available?
The FX facility would be available from 9:00AM to 5:00AM the following day (except on weekends and Philippine holidays). Clients would be able to do foreign exchange transactions during this window time.
Is there a limit to what clients can transact?
Yes. There is a daily FX transaction limit of USD 10,000 or its equivalent in other currencies.
What are the procedures in conducting FX transactions:
For exchanges between two (2) FCDU accounts or from FCDU to PHP accounts:
For PHP to USD or other foreign currencies
Can the transaction be cancelled?
The system processes the request immediately upon confirmation of FX transaction. As such, there will be no cancellation or reversal of the transaction once it has been processed.
When conducting PHP to USD or other foreign currencies FX transaction, how does the following purpose for foreign exchange works?
Travel Purpose
What will happen if the foreign currencies were not withdrawn on the specified date?
Client will be tagged by the system for non-withdrawal. Once client has reached three (3) consecutive non-withdrawals within a period of three hundred sixty (360) calendar days from first transaction with non-withdrawal, client’s access to Online FX Trading platform will be suspended for one hundred eighty (180) days.
For currencies exchanged for purpose of travel, can the credited currency amount be transferred to another account prior to withdrawal?
Transfer can be made to another account of the same currency but the client will still be tagged for non-withdrawal.
Can any date be selected for withdrawal of exchanged foreign currencies?
The currencies are available for withdrawal from the selected branch two (2) banking days after the transaction. Client can only select a date within the next five (5) banking days from its availability.
Will the pick-up of notes be available for all RCBC branches?
Only one (1) from the listed RCBC branches in this facility can be selected.
Investment Purpose
Is there a minimum amount for 90-day USD Time Deposit?
Yes. The minimum amount is 1,000 USD.
Is pre-termination allowed for the time deposit placed from this facility?
No, pre-termination of time deposit is not allowed if done through the Online FX Service. This is different from opening a regular time deposit in RCBC Online Banking which can be pre-terminated.
What time deposit rate is used for this transaction?
Current bank time deposit rates will be used.
Where can I see the details of my Time Deposit account?
The details of the time deposit placed through this facility would be sent via email.
Upon maturity of the time deposit, where will the funds be credited?
Once maturity is reached, time deposit funds including its interest will be credited to client’s selected USD account.
Updated RCBC FOREX Rates
Foreign Exchange Rates As of
Friday, December 13, 2019 02:00 PM
Currency | Buying | Selling |
---|---|---|
USD | 50.35 | 50.80 |
EUR | 55.9289 | 57.6682 |
JPY | 0.4548 | 0.4689 |
HKD | 6.3923 | 6.576 |
SGD | 37.0134 | 37.6185 |
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