Are you looking to convert your hard-earned Chinese RMB into Philippine Peso? If so, this article can help you. Do you have a BDO or BPI account? Good. You don’t have one? Don’t worry. There’s a work-around. Now, I am assuming that you have a WeChat account to get this transfer done. Yes? Then let’s get started.
Chat With Baratora On WeChat
Like everyone else, I was skeptical at first. Scams happen a lot on WeChat. You can’t just trust people right away. Other than his money transfer services, I knew nothing about him. But I trusted my guts and I wanted a faster and more convenient option to get some of my RMB transferred to my bank account in real-time.
The process is easy. All you have to do is send the amount (RMB) you want transferred to your BDO or BPI account or any other bank to his WeChat account.
While convenient, this method does come with a transaction fee of 50 RMB. The total amount sent to him should include the fee (50 RMB) per transaction. So, if you want to exchange 1000 RMB, you need to also add 50 RMB for the transaction fee.
How Is Money Transfer Done
- Copy and paste. Make sure to copy your bank account number and send it to him along with your first and last name. He will double-check these pieces of information with you.
- Send the RMB to him. Go to his WeChat account. Find the transfer option. Type in, for example, 1050 RMB, enter your PIN then hit OK.
- Double-check the Peso. He will double-check the converted peso amount with you before he hits submit. Wait for Riman to transfer the peso equivalent to your bank account. The transaction between you and Riman gets done in about 1 to 2 minutes depending on the mobile app’s availability, internet connection, etc. Sometimes we get this message while in the process of transferring:
There was a problem connecting to BDO Mobile Banking. Please try again later.
Don’t worry. I am his regular customer speaking from my own experience. I have never had any issues with him. I’m not even paid for writing this and I am not asking to. All I want is you guys know that there are other ways to get things done. And maybe my personal experience can help you out.
Anyways, once the transfer is done, he will send you a screenshot of the confirmation message containing the amount being sent, to whom it’s sent and the reference number. You can then access your bank account to verify the details he has sent. Done.
I Don’t Have A Bank Account
No problem. You can also pick up your cash via the following Pera Padala Centers:
Exchange Rate Please
We have a WeChat group where he regularly posts his exchange rate in. You guys get to know the rates moving up and down on a daily basis as he also depends on the current market rate. At the end of the day, you call the shots. I find this option helpful especially on those days when I need emergency peso funds.
If you want to join the group, add me: iambaratora