The Philippine National Bank (PNB) is very popular with those Filipinos who are contract overseas workers and also Filipinos who are residents of other countries. Most Filipinos who live abroad send money back home each month to their families and various banks are available for money transfer. The PNB is widely used by Filipinos to send money bank-to-bank to the Philippines. There are faster ways of sending your money , including Western Union, which can be very useful in an emergency. Western Union can transfer your money to your home town in minutes. The disadvantage is you have to pay a lot more for Western Union.
The PNB has branches all over the world where there are many Filipinos, including Europe, America, Middle East, and Asia (Singapore and others). When it comes to sending money anywhere in the Philippines PNB is number one. Bigger cities and towns always have a PNB branch so it’s really easy through rapid remit which takes between two to three days working days, which is very reasonable given the low transfer cost.