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  • Revised PRA Remittance Instruction Form 1

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    Menchie Ann Sabandal Salinas
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    The document provides instructions for remitting the visa deposit required for an SRRV visa application from abroad to accredited Philippine banks. Applicants must choose an accredited bank, request a letter of introduction with their details, and then transfer the required deposit amount including their name and passport details. The banks will issue a certificate confirming the remittance which must be submitted with the visa application.

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    The document provides instructions for remitting the visa deposit required for an SRRV visa application from abroad to accredited Philippine banks. Applicants must choose an accredited bank, request a letter of introduction with their details, and then transfer the required deposit amount including their name and passport details. The banks will issue a certificate confirming the remittance which must be submitted with the visa application.

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    322 views1 page

    Revised PRA Remittance Instruction Form 1

    Uploaded by

    Menchie Ann Sabandal Salinas
    The document provides instructions for remitting the visa deposit required for an SRRV visa application from abroad to accredited Philippine banks. Applicants must choose an accredited bank, request a letter of introduction with their details, and then transfer the required deposit amount including their name and passport details. The banks will issue a certificate confirming the remittance which must be submitted with the visa application.

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    Philippine Retirement Authority

    SRRV Visa Deposit Remittance Instruction

    Principal SRRV Applicants are required to remit the visa deposit based on the SRRV option being applied for. The
    visa deposit must be remitted from any bank abroad to any of the PRA-Accredited Banks.

    Private Commercial Banks Accredited Government Bank


    Step 1: Choose from the following PRA-Accredited Banks.
    Development Bank of the Philippines
     No need to open a bank account.
    Philippine National Bank Unionbank of the Philippines  For SRRV Applicants who are currently abroad and
    All Branches All Branches wish to remit their visa deposit prior to their arrival in
    the Philippines.

    Step 1: Proceed to your bank abroad or any bank that


    Banco De Oro Shinhan Bank can process a SWIFT/wire/telegraphic transfer.
    *Pacific Star Branch RCBC Savings Corporate
    *Cebu IT Park Branch Center, 26th St., Taguig City Step 2: Fill-out the transaction slip using the following
    bank information:
    Bank Name: Development Bank of the Philippines
    Swift Address: DBPHPHMM
    Bank of Commerce KEB Hana Bank Bank Address: Makati Ave. cor. Gil Puyat Ave.,
    All Branches 21/F Zuellig Bldg., Makati Ave.
    Cor. Paseo de Roxas Makati City, Philippines, 1200
    Intermediary Banks:
    JP Morgan Chase Bank, NY **Swift Code: CHASUS33
    Step 2: Request a Letter of Introduction (LOI) by sending Citibank NA, NY **Swift Code: CITIUS33
    the following details to [email protected]. Account Name: Philippine Retirement Authority
     Bank Name Address:
     Branch Name and Address 29/F Citibank Tower, Paseo De Roxas,
     Amount to be deposited and SRRV Option Makati City, Philippines, 1200
     Principal SRRV Applicants’ passport biopage (copy only)
    Account Number: 0405-027438-100
    Step 3: Claim the LOI after 2-3 days and present it to your Step 3: Remittance Purpose: (Ensure that the following is
    chosen bank when opening the Special Time Deposit Account indicated on the remittance form)
    for SRRV Application.  Complete Name of the Principal SRRV Applicant
    (as shown on the passport)
    Step 4: Transfer the required visa deposit using the bank  Date of Birth
    information/details/instruction provided by your bank.  Passport Number

    REMINDERS:
    1. Bank Certificates are usually forwarded to CRPDD after 3-5 banking days from the date of receipt of remittance by
    Private Banks and 7-10 banking days for Government Banks.
    2. SRRV Applicant must shoulder all bank transfer fees. It is advised to add at least US$30 to cover the bank transfer fees that
    may be charged by intermediary banks.
    3. A copy of the remittance transaction slip must also be submitted upon the filing of the SRRV application as a supporting
    document.
    4. An SRRV application may only be accepted and processed once the Certificate of Inward Remittance is received by the PRA –
    Client Relations and Program Development Division (CRPDD). The applicant may confirm on the status of their bank
    certificate by sending an email to [email protected].

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