LBC international money transfer review

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Enjoy competitive rates with money transfers within the Philippines with LBC.

Founded in 1945, LBC is the first Filipino-owned air cargo and brokerage agent in the Philippines. Over the years, it has grown to over 6,400 locations globally, and now offers convenient payments and money transfer services in more than 3,000 branches in the country.

Can you send money abroad using LBC?

At this time, LBC doesn’t offer money transfers outside the Philippines. For domestic transfers, see LBC’s full list of services below.

Compare LBC to other money transfer services

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
PHP 1 1 - 2 days PHP 0.00 0.02 USD
197
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The “Rate” and “Amount Received” displayed are indicative rates that have been supplied by each brand or gathered by Finder.

Exchange rates are volatile and change often. As a result, the exchange rate listed on Finder may vary to the actual exchange rate quoted for the brand. Please confirm the actual exchange rate and mention “Finder” before you commit to a brand.

What types of transfers can you carry out with LBC?

In partnership with commercial banks and remittance partners, LBC offers various options to remit funds to and within the Philippines., these services are available:

  • Instant Peso Padala. Send money anywhere in Luzon, Visayas, Mindanao via in-person transfers through any LBC branch nationwide. Funds typically arrive within a few minutes. Your recipient can pick up the funds by visiting any LBC branch.
  • Door to door delivery. With its extensive nationwide delivery network, you can have LBC deliver money to your recipient’s doorstep, which typically arrives the next day.
  • Remit to account. Customers can send a cash transfer to a recipient’s bank account, which will arrive 1 day after a deposit has been made.
  • Money remittance partners. This service allows customers to send money from any LBC remittance partner. Recipients can pick up the funds by visiting any LBC branch.

LBC’s remittance partners

Send money through any of these remittance partners locally and abroad, and have your recipient pick up the funds from any LBC location in the Philippines. Be sure to check fees and transfer time with these providers, as they vary individually.

Banks

  • Bank of the Philippine Islands (BPI)
  • Asia United Bank
  • China Bank
  • CIMB Islamic Bank
  • Metrobank
  • Bank of Commerce
  • Philippine Veterans Bank
  • RCBC

Money transfer services

  • Abra
  • Coins.ph
  • Transfast
  • Xoom
  • Western Union
  • Al Ansari Exchange
  • Alfalah Exchange Company
  • Al Ghurair
  • Cash Sense
  • Palawan Pawnshop
  • International Money Express
  • Instant Cash Global Money Transfer
  • Pacific Ace
  • Pinoy Express
  • Placid Express
  • Sendah
  • Prabhu
  • Progoti Exchange
  • SMJ
  • Speed Remit
  • Tempo Financials
  • TML Remittance
  • Onyx Exchange
  • Unidos i-transfer
  • URemit
  • Far East Express
  • Zenj EX
  • Worldcom Finance
  • OK Remit
  • Atin Ito
  • iRemit
  • Pisopay
  • Xpress Money

LBC money transfer fees within the Philippines

The following rates apply for sending money to anywhere in Metro Manila, North Luzon, South Luzon, Visayas, and Mindanao. Fees are accurate as of 1 August 2019.

Amount to sendTransaction fee
PHP 100PHP 6
PHP 101 – 200PHP 15
PHP 201 – 300PHP 20
PHP 301 – 400PHP 25
PHP 401 – 500PHP 30
PHP 501 – 600PHP 35
PHP 601 – 700PHP 40
PHP 701 – 800PHP 45
PHP 801 – 900PHP 50
PHP 901 – 1,000PHP 50
PHP 1,001 – 1,500PHP 75
PHP 1,501 – 2,000PHP 100
PHP 2,001 – 2,500PHP 125
PHP 2,501 – 3,000PHP 150
PHP 3,001 – 4,000PHP 180
PHP 4,001 – 5,000PHP 220

Remit to Bank Account

Amount to sendTransaction fee
PHP 100 – 1,000PHP 100
PHP 1,001 – 3,000PHP 120
PHP 3,001 – 5,000PHP 150

Door to Door Money Delivery (Next Day Delivery)

Amount to sendTransaction fee
PHP 100PHP 35
PHP 101 – 200PHP 37
PHP 201 – 300PHP 52
PHP 301 – 400PHP 54
PHP 401 – 500PHP 59
PHP 501 – 600PHP 71
PHP 601 – 700PHP 76
PHP 701 – 1000PHP 80
PHP 1,001 – 1,500PHP 119
PHP 1,501 – 2,000PHP 140
PHP 2,001 – 2,500PHP 179
PHP 2,501 – 3,000PHP 200
PHP 3,001 – 4,000PHP 260
PHP 4,001 – 5,000PHP 320

How long do transfers take?

Transfers to bank accounts take one day while home deliveries take between one and two days. Instant transfers are available using LBC branches or partners.

How to send money from an LBC branch

  1. Search for an LBC branch near you.
  2. Fill out the Remittance form. You will need to provide your residential address, contact information, your recipient’s full name, address, and contact number. Present the completed form to the agent, along with a valid ID, money you wish to send, and the transfer fee.
  3. Once your transfer has been completed, keep the receipt and take note of the tracking number issued.
  4. Notify your recipient of the tracking number and exact amount transferred. Let them know they need to bring a valid ID.
  5. Funds are typically available for your recipient to pick up within minutes.

In a nutshell

Pros
  • An extensive network of LBC agent locations nationwide
  • Offers various money transfer options including door to door, bank transfer through partners or agents.
  • Cash pick up from agent locations.
  • Competitive rates
Cons
  • Cash transfers can only be done in person at an agent location.
  • Sending money using credit/debit cards isn’t an option yet.
  • Option to send money abroad from an LBC agent location in the Philippines isn’t available yet.

What other products does LBC offer?

LBC has a wide range of products and services, including the following business solutions:

  • Logistics. LBC offers land, air and sea freight delivery. The company offers courier and parcel services as well as general cargo delivery.
  • Warehousing. LBC offers pick and pack services for online businesses, either at their own warehouses or at the customers’ site. You can use this service for delivery or for storage depending on your needs. It also has inventory-management systems for small to medium-sized businesses.
  • Printing. LBC also offers printing services for businesses, which can be used for marketing or promotional purposes.

Frequently asked questions about LBC

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