Padala to Bank Account

services-padala-to-bank-account

Introduced to our suki in 2016, a service to facilitate Palawan Pawnshop's individual and corporate customers who wishes to deposit their money to their account without being hassle of going into their bank of account. 
A real-time crediting of deposited amount to customer's target account- Available to all Palawan Pawnshop branches nationwide.  

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List of Member Banks

  Bank Name Valid Destination( Types of Account)
1 All Bank Savings, Checking
2 Asia United Bank Regular CASA, ATM, Cash Card
3 Banco Dipolog ATM,SAVings
4 BDO Unibank, Inc. All active PHP CASA, Cash Cards and Corporate Accounts are restricted
5 Bangko Mabuhay All Accounts
6 Bank of Commerce Savings, Checkings
7 Bank of the Phil. Islands NOT accepting transactions having scenarios below:1. Deceased party.2. SBA accounts (Merchant / Bills Payment).3. No interbranch allowed4. AML Frozen account5. Time deposit accounts.
8 BPI Direct BanKo Inc. Any Valid Account
9 CARD Bank, Inc. Savings
10 China Banking Corporation Current Account and Savings Account, Passbook, Cash Cards
11 China Bank Savings, Inc. All Accounts
12 Citibank, N.A. Savings,Checking
13 City Savings Bank Savings,Checkings,Passbook,CashCards
14 Citystate Savings Bank Savings,Checkings,Passbook,CashCards
15 CTBC Bank (Philippines) Corporation Savings, Checkings
16 Development Bank of the Philippines (DBP) Savings, Checkings
17 Dumaguete City Development Bank, Inc. Savings,Checkings,Passbook,CashCards
18 Dungganon Bank Regular Savings, ATM
19 East West Banking Corporation Savings,Checkings,Passbook
20 East West Rural Bank Savings,Checking,Passbook
21 Entrepreneur Bank All Accounts
22 Enterprise Bank Savings
23 Equicom Savings Bank, Inc. Debit Card and Passbook only
24 G-Xchange, Inc. (Globe Telecom / GCASH)  
25 HSBC Savings, Checkings
26 HSBC Savings Bank Savings, Checkings
27 ISLA Bank  
28 Katipunan Bank All Accounts
29 Korea Exchange Bank All Accounts
30 Land Bank of the Philippines Savings, Checking, (except payroll accounts a nd passbook only accounts)
31 Legazpi Savings Bank Savings Account
32 Luzon Development Bank all accounts
33 Malayan Bank Savings and Mortgage Bank, Inc. Savings and Checking
34 Mass-Specc Savings Account
35 Maybank Philippines, Inc. Savings, Checking, Passbook, Cash Cards
36 Metropolitan Bank and Trust Company (METROBANK) All ATM Accounts
37 Nationlink Savings
38 Omnipay, Inc.  
39 Overseas Filipino Bank Savings,Checking,Passbook
40 Pacific Ace Savings Bank Current Account (CA) and Savings Account (SA)
41 Partner Rural Bank (Cotabato), Inc. Savings, Checking
42 PayMaya Philippines, Inc. E-Money Account
43 Philippine Bank of Communications (PBCOM) Savings, Checking
44 Philippine Business Bank Savings, Checking
45 Philippine National Bank Savings, Checking, Passbook, Cash Cards
46 Philippine Veterans Bank Current Account (CA) and Savings Account (SA); except SA-Pensioner and DSWD accounts
47 7Philippine Trust Company (PHILTRUST Bank) All ATM Accounts
48 Plan Bank All SA Account
49 PNB Savings Bank Savings, Checking, Passbook, Cash Cards
50 PR Savings Bank All Savings ,Checking, ATM accounts
51 Producers Bank SA (ATM account)
52 Philippine Savings Bank (PSBank) Savings , Current and Prepaid Accounts
53 Quezon Capital Rural Bank (QCRB) Savings
54 Rizal Commercial Banking Corporation (RCBC) Savings, Checking, Passbook Cash cards (local and intl)
55 RCBC Savings Bank Savings,Checking,Prepaid (My Wallet)
56 Robinsons Bank Corporation Savings, Checking, Passbook, Cash cards
57 Security Bank Savings, Checking, Passbook, Cash Cards, Prepaid Cards,
58 Sterling Bank All Accounts
59 Sun Savings Bank All Accounts
60 Tiaong Rural Bank Savings, Checking
61 United Coconut Planters Bank (UCPB) All Accounts
62 UCPB Savings Bank All Accounts
63 Union Bank of the Philippines Savings, Checking, Passbook, Cash Cards
64 Wealth Bank Savings, Checking, Passbook,
65 Yuanta Savings Bank Philippines, Inc. Savings, Checking,

How to Send Money to Your Bank Account

  1. Go to any Palawan Pawnshop branch.
  2. Fill-out the Padala to Bank Account Form (Green Form)- provide all the necessary details. (Note to counter check your target account details- Bank, Account Name, Type of Account, Account No. and amount)
  3. Pay for the amount due- Principal Amount + Service fee.
  4. A copy of your Padala to Bank form will be provided as proof transaction.

Terms and Conditions

  1. DEFINITION. Padala to Bank Account is a real-time fund transfer service - using a facility owned and developed by Security Bank Corporation and operated by the Palawan Pawnshop Group (PPG), composed of Eight Under Par (Pawnshop Operator), Inc., Palawan Pawnshop, Inc., Paragua Pawnshop and Financial Services, and VG Star Pawnshop & Jewelry Corporation. The Padala to Bank Account service is available in all PPG branches.
  2. COMPLIANCE WITH ANTI-MONEY LAUNDERING and TERRORISM FINANCING PREVENTION (AML-TFP) RULES. All transactions under Padala to Bank Account shall be subject to Anti-Money Laundering & Terrorist Financing Prevention (AML-TFP) laws and Palawan Express Pera Padala (PEPP) policies, including Know Your Customer (KYC) requirements. As part of KYC, customers shall be required to fill out a Customer Information Sheet (CIS) and present a valid ID to avail of the Padala to Bank Account service. A picture of the customer and his/her ID shall also be taken. Questions and additional documents may be requested from customers in compliance with KYC rules. PPG employees reserve the right to refuse to accept or process, without liability, transactions which, in their sole discretion, may be in violation of AML-TFP laws, rules, or regulations, other applicable laws, and/or PEPP policies.
  3. AVAILABILITY OF PADALA TO BANK ACCOUNT SERVICES. Padala to Bank Account services are available at PPG branches nationwide during their respective business hours, without prejudice to the closure of any branch, with or without prior notice, for any cause, including problems with its communications facility, its connectivity to the PEPP system, power and telecommunications failure, computer or gadgets failure, and inclement weather. 
  4. SEND. The Sender, after complying with AML-TFP and KYC requirements, completely filling out the Padala to Bank Account Form, and payment of the applicable remittance fees, may deliver cash (in Philippine Peso denomination) in the maximum amount of FIFTY THOUSAND PESOS (50,000) per transaction and instruct the remittance thereof to a specific bank account with a Philippine bank that is covered by this service. The remittance fee shall be a fixed rate of 100.00 per transaction, subject to change at any time and without prior notice to any party. The Sender shall keep his/her Padala to Bank Account Form for personal record purposes.
  5. CONTRACT. The Padala to Bank Account Form represents the remittance agreement between the PPG Group and the Sender, and does not extend to the Claimant (if other than the Sender). Any complaint by the Claimant in relation to the remittance transaction shall be coursed through the Sender The Padala to Bank Account service only provides the facility to transfer money from the Sender to the Claimant’s account. The PPG shall not be deemed a party to any underlying agreement or transaction, online or otherwise, between the Sender and the Claimant. It has no responsibility and shall not be liable for goods, services, or any other matter related to such underlying agreement or transaction. The Sender attests that he/she knows the Claimant to whose bank account the remittance is sent and that any underlying agreement or transaction between them is valid and legal. 
  6. ADDITIONAL SERVICES. As part of the Padala to Bank Account service, notice of transaction is sent to the contact number of the Sender as indicated in the Padala to Bank Account Form.
  7. LIABILITY. In no event shall PPG be liable for damages in connection with its performance of the Padala to Bank Account service, including for delay in remittance or non-credit of the remitted amount to the Claimant’s bank account, whether or not caused by negligence on the part of PPG’s employees, beyond the sum equivalent to FIVE THOUSAND PESOS (5,000), in addition to refunding the principal amount of the remittance and the remittance fee. In no event will PPG be liable for any indirect, special, incidental or consequential damages beyond the aforementioned amount.
  8. NOT CREDITED TO ACCOUNT. All transactions that are claimed not to have been credited to the Claimant’s account is subject for confirmation by Security Bank before any refund/ reversal is approved/implemented. For transactions involving transfers to a current/checking/auto-debit account, the Sender shall ensure that the Padala to Bank Account transaction with the relevant PPG Branch is completed at least three (3) banking days before the relevant due date to ensure timely receipt of the funds in the Claimant’s account. PPG shall not in any way be liable for any and all penalties and charges which may be imposed by third parties on account of delayed payments out of such current/checking/auto-debit account.   
  9. CUSTOMER RELATIONS. All complaints regarding the Padala to Bank Account service must be submitted in writing and received at the sending PPG branch or emailed to customercare@palawanpawnshop.com within fifteen (15) calendar days from date of remittance. Any complaint after said period shall no longer be accommodated. For transactions reported by the Sender as fraudulent, requests for information by the Sender shall be evaluated by management and processed only upon submission of pertinent documents. All other requests for information by persons other than the Sender shall be evaluated by management on a case-to-case basis and may be granted or denied in management’s sole discretion, subject at all times to compliance with data privacy requirements.
  10. DATA PRIVACY. The Sender allows PPG to: (a) collect and process his/her personal information for the purpose of the Padala to Bank Account service; and (b) disclose his/her personal information to PPG’s affiliates and to the Bangko Sentral Ng Pilipinas, as may be necessary. The Sender further acknowledges that PEPP and its agents treat as confidential all information related to its customers. The Sender understands that the specific terms and conditions governing the collection and processing of his/her personal information are provided in the Data Privacy Policy in the Palawan Pawnshop website (https://www.palawanpawnshop.com) and he/she has read the same before signing the Padala to Bank Account Form
  11. VENUE OF LITIGATION. All claims or suits regarding this transaction shall be filed in the courts of Puerto Princesa City, Palawan, to the exclusion of all other courts.
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