SM Store Stories

A Complete Guide to Receiving Money from Abroad via SM Store

November 21, 2023

Receiving money from abroad has become easier than ever before, thanks to remittance services offered by SM Store. But what exactly is a remittance, and why is it so significant? In this guide, we’ll explore the ins and outs of claiming remittance money via SM Store Remittance Services, providing you with all the information you need to make secure and efficient transactions.

What is Remittance?

Remittance is defined as the transfer of money from one individual, typically an overseas worker, to another person in their home country. Most OFWs prefer to send money to the Philippines through remittance transactions because of the minimal requirements needed. It also enables both the sender and the recipient to send or receive OFW remittances without the need for a bank account.

Common Remittance Challenges

Claiming money via remittance services can be tricky, especially if you’re not familiar with where to get your remittances and the transaction process. Some of the common challenges in receiving remittances include delays, long waits in queues, and long transaction processes, which can take days or weeks. There are also instances where remittance centers are offline, requiring people to travel to the next available branch.

Receive Cash with SM Store

As many Filipino families rely on remittances as a stable source of income, the need for a reliable remittance center comes into play. While there are banks and remittance centers in the Philippines, some take days to process, have a lot of requirements, and often charge a higher service fee. The best option is a remittance center that offers real-time transfers with minimal fees and secures your transactions.

If you’re looking for a reliable and efficient way to deal with remittance transactions, look no further than SM Store. Our Remittance Services make it easy and secure to receive money from your loved ones in another country, without the hassles and risks associated with other remittance options.

How SM Remittance Services Work

Conveniently receive your remittance even without a savings account through BDO Remittance Counters available at SM Store Customer Service. Pick up your cash funds via SM remittance partners such as MoneyGram, Transfast, Xpress Money, Xoom, Wells Fargo Express Send, Ria Pera Padala, and Palawan Express Pera Padala.

You’ll get real-time and secure transactions anytime with us, helping you save time, effort, and money versus other remittance options. What’s more, you don’t have to pay additional fees when claiming money from abroad. SM Store Remittance Services also offers international payouts via BDO Remit and MoneyGram so you have more options in finding the best service that suits your remittance needs.

Claiming Remittance Money

To avail of SM Store’s remittance services, follow these simple steps:

Step 1

Go to the nearest SM Store branch and look for the BDO remittance counter in the Customer Service area.

Step 2

Approach the counter and inform them that you will be claiming a remittance.

Step 3

Fill out the transaction slip provided to you with important details such as the sender’s name, receiver’s name, contact details, and amount to be claimed. Make sure to double-check the information before finalizing the transaction.

Step 4

Present the slip along with a valid ID.

Step 5

Collect the remittance money along with the transaction receipt. Count the received cash and ensure that it matches the remittance amount.

So next time you’re receiving remittances from anywhere in the world, our remittance services can fulfill your needs from anywhere in the country or abroad.

Receiving money sent to the Philippines is fast, easy, and reliable with SM Store. With ease of transaction, you can claim remittance money in just a few simple steps at SM Store. Trust that your money reaches its destination quickly and safely.

Don’t settle for slow, unreliable, or risky remittance options. Choose SM Store’s Remittance Services for peace of mind and efficient transactions!