This facility allows clients to do online foreign exchange transactions between their FCDU/ PHP accounts enrolled in RCBC Online Banking.

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*

The following FX transaction can be done between enrolled accounts:

*List of available foreign currencies for exchange:

• AUD Australian Dollar
• HKD Hong Kong Dollar
• CAD Canadian Dollar
• JPY Japanese Yen
• CHF Swiss Franc
• CNY Chinese Yuan
• SGD Singapore Dollar
• EUR Euro
• GBP Great Britain Pound

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.

Current online foreign exchange rates are exclusive for RCBC Online Banking users.

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.

Yes. There is a daily FX transaction limit of USD 10,000 or its equivalent in other currencies.

For exchanges between two (2) FCDU accounts or from FCDU to PHP accounts:

1. Go to www.rcbconlinebanking.com and login to your account
2. Click on Online FX icon in the dashboard.
3. Select the currencies and then enter the amount to be exchanged. Click compute to display equivalent value of the amount based on the current exchange rate.
4. To agree with the rate, check the box that says “I agree with this rate” and then click on Next to transact.
5. Select the applicable source and settlement account for the exchange and then click on Next.
6. Confirm the transaction details.

For PHP to USD or other foreign currencies

1. Go to www.rcbconlinebanking.com and login to your account
2. Click on Online FX icon in the dashboard.
3. Select the currencies and then enter the amount to be exchanged. Click compute to display equivalent value of the amount based on the current exchange rate.
4. To agree with the rate, check the box that says “I agree with this rate” and then click on Next to transact.
5. Select Purpose of Foreign Exchange Purchase:
   1. If for Travel:
      1. Select the PHP account as source and the FCDU settlement account.
      2. Select preferred branch and date of withdrawal.
      3. Confirm the transaction details.
   2. If for Investment (Applicable for USD account only)
      1. Select the PHP account as source and the USD settlement account.
      2. Confirm the transaction and 90-day time deposit details.

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.

1. Travel – Purchased currencies are required to be withdrawn by the client from his selected branch and on his specified date.
2. Investment – (Currently available for USD only) Purchased currencies will be automatically placed into a 90-day USD Time Deposit and will automatically be credited upon maturity to client’s selected USD account.

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.

Transfer can be made to another account of the same currency but the client will still be tagged for non-withdrawal.

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.

Only one (1) from the listed RCBC branches in this facility can be selected.

Yes. The minimum amount is 1,000 USD.

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.

Current bank time deposit rates will be used.

The details of the time deposit placed through this facility would be sent via email.

Once maturity is reached, time deposit funds including its interest will be credited to client’s selected USD account.