RCBC TeleMoney, the remittance brand of RCBC, has been serving the needs of our Overseas Filipino Workers and their beneficiaries, for over twenty-five years now. RCBC TeleMoney has been a strong player in the remittance business with presence overseas through its own subsidiaries in Asia and through tie-ups with banks or exchanges/money transfer business across the world.
For the Principal
Same Day Credit
Money remitted by principal gets credited on the same day to the account of its partner agency in the Philippines.
Loyalty of Employees
Employees need not individually remit to their loved ones and be charged a hefty amount. With the help of RCBC and the employer, the accounts of OFWs and their beneficiaries are charged a lower fee with every credit. As a result, accountholders end up paying a lower payroll service charge versus the regular remittance fee.
Relief of Handling Payroll
For partner landbased agencies in the Philippines handling the payroll of their OFW employees, the company is relieved of additional work because there is no need to manage the monthly payroll. Since there is only one monetary transfer involved, this infinitely lessens the security risk.
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