RA 9160 – Anti-Money Laundering Act of 2001
Requirements for Identification
The Bangko Sentral ng Pilipinas (BSP) issued Circular 608 dated May 20, 2008 relaxing the customer identification requirement on the acceptance of valid identification cards for all types o ffinancial transactions by banks and banks financial institutions under BSP supervision are hereby amended as follows:
b ) Clients who engage in a financial transaction with covered institutions for the first time shall be required to present the original and submit a CLEAR copy of at least ONE (1) valid photo-bearing identification document issued by an official authority:
SUBMIT A CLEAR COPY OF ONE (1) VALID photo-bearing school ID duly signed by the principal or head of the school.
c ) Banks and non-bank financial institutions under BSP supervision shall require their clients to submit clear copy of the ONE (1) valid ID on a one-time basis only, or at the commencement of a business relationship. They shall require their clients to submit an updated photo and other relevant information whenever the need for it arises.
Clients can also claim international money remittance through accredited international partners including GCASH REMITTANCE INTERNATIONAL Transfast, XpressMoney, , and many more. All transactions are real-time, which enables clients to claim the money as soon as the sender completes the sending process in the branch.
Villarica Cash Padala is a secure, safe and special way to send and receive money anywhere within the Philippines.
Safekeep the Cash Padala form (and count the change received, if there is any)
Provide the 15-digit control number to the receiver/beneficiary
|principal amount||charge amount|
|100.01 - 300.00||2.00|
|1,500.01 - 2,000.00||26.00|
|3,500.01 - 4,000.00||61.00|
|4,000.01 - 5,000.00||76.00|
|5,000.01 - 6,500.00||96.00|
|9,500.01 - 10,000.00||119.00|
|14,000.01 - 15,000.00||190.00|
|15,000.01 - 20,000.00||220.00|
For remittance above Php 50,000 PESOS (345 + 1 % in excess of Php 50,000), or inquire at the nearest Villarica Pawnshop branch
As required by BSP, Clients who engage in a financial transaction with covered institutions for the first time shall be required to present the original and submit a clear copy of at least ONE (1) valid photo-bearing identification document issued by an official authority. For our clients’ convenience, Villarica Pawnshop no longer requires submission of the photocopied ID. IDs are captured using a webcam in all branches. Clients are also required to submit an updated photo and other relevant information whenever the need for it arises.
How to Claim Remittance (Others International Remittance)