TERMS AND CONDITIONS
These Terms and Conditions govern the
money transfer services (also referred to as “services”) provided to you (also
referred to as “customers/senders”) by Philippine Remittances, Ltd (also
referred to as “we/our/us/the company”) of
1.
MONEY TRANSFER SERVICE
We are a money remittance company operating in
Currently, our company provides door-to-door, bank-to-bank and cash
pick-up services to more than sixty thousand Filipinos in the area.
2.
PERMISSIONS GRANTED TO PROVIDE
SERVICES
The company is duly registered under the United
Kingdom Law (Registration No. 22367417).
We are registered with the Financial Services
Authority under the Payment Services Regulations 2009 (Registration No. 503335)
for the provision of payment services
We are also registered with the HM Revenue and
Customs under the Money Laundering Regulation 2007 (Registration No. 12114332)
for the provision of money transmission services.
3.
AGENTS AND LOCATIONS
Our Head Office address is located at the 1st
Floor of 204 Earls Court Road. You can get in touch with us through this
address or through the following mediums:
Telephone:
+44 2073738899
Fax:
+44 2078352977
Electronic
Mail: services@Philrem.net
Website:
www.philrem.net
Our agents, and their locations, are as follows:
Pinoy
Oriental Store
E15 3ET
Multi Money Transfer
SQ5 0QT
4.
APPLICABILITY
The company reserves the right to revise the terms
and conditions with due notice to senders.
Neither these terms and conditions nor any
transaction carried out under them shall confer contractual or other rights on,
or be enforceable against us by, any party other than you or your authorized
representative.
The Terms and Conditions, unless changed, are
applicable from the time you have indicated your intention to avail of our
service. This also governs the initial request of money transfer and any
recurring requests.
5.
SENDING PAYMENT
All remittances shall only be
sent and credited/delivered to the
§
Your payment, whether it may be in cash, cleared
cheque, bank deposit or other forms of transfers like on-line banking or
telephone banking,
§
Your request to send money; and,
§
Your identification and other requirements, as
required by the company under the Money Laundering Regulation (Refer to 13)
We will provide the following mediums, on how you can
send your request to us.
§
Proceeding to our head office;
§
Telephoning us, through our
published numbers; or
§
Sending electronic email, through
our published address.
The sender shall undertake all measures to give
complete and accurate information of their request. When requesting to send
payment, you must provide us with information, which clearly identifies:
§
Your details (Name, Date of Birth,
Address, Contact No.)
§
The details of the person to whom
you are sending the money (also referred to as “beneficiary”);
§
Details of the beneficiary’s
payment account, when needed;
§
Money paid; and
§
Mode of transfer
§
Optional Message (for Door-to-Door
services)
The message service supplied for door-to-door
transaction is free. We shall not be held liable for any distortion on the
brief three-liner message.
We will provide you the following details, upon our
acceptance of the request, for you to re-validate and re-confirm the accuracy
of the information processed. Any discrepancy should be communicated
immediately to our customer service officers.
§
Sender’s details
§
Beneficiary’s details and
bank/account no., when applicable
§
Mode of Transfer
§
Exchange Rate
§
Money Paid
§
Fees and Charges
§
Total Amount Sent in
§
Reference No.
Any notices received after a request has been
accepted will be subject to our amendments clause below (Refer to 11).
We can only process an accepted request, once we have
received the payment from the customer and, when needed, have verified the
identity of the customer and the transaction.
You shall immediately inform the company of any deposits or payments
made to our account. You, as sender, are obliged to provide the authenticity of
the deposit in case of any dispute related to the transaction.
The company has the option to HOLD a request when the corresponding
bank credit payment does not appear in our bank statement. This usually happens
when deposits/transfers are made after bank cut-off, where the payment will
only be credited to the company’s account on the next business day. The
exchange rate applicable for the transaction shall be made under the discretion
of the company.
Cheque payments, on the other hand, shall be cleared
at all times. You need to ensure that cheques are funded during the clearing
time, which is normally 5 days from date of request.
6.
TIMING
We will transfer your payment so that the money reaches the firm, from
whom the beneficiary will receive the money, no later than the end of the third
business day after we have accepted your request. This timing does not include
any delays, which resulted from abnormal/unforeseen activities that hinder us
from performing our obligations (Refer to 8) and from the customer, i.e. not
providing complete/accurate details and requirements (Refer to 7).
A business day means a day on which we are open for
business (“other than Saturday, Sunday or a public holiday)
If we do not receive your payment request before 1700
on a business day for us, or if we received it on a day, which is not a
business day for us, we will treat the request as if we received it on the next
business day.
The senders should verify receipts of credits/deliveries made to their
intended beneficiaries. We cannot be held liable for any remittances claimed
not to have been received after 6 months from date of transaction
7.
DELAYS
Where delays are caused by the customer, any consequences resulting
thereof shall be the accountability of the sender. Some reasons of delays,
which can be attributed to the customer, are as follow:
§
Late payment
§
Bounced check
§
Discrepancy in payment and requests
§
Unverified Money Laundering Regulation Requirements
(Refer to 13)
§
Incomplete details in requests
§
Inaccurate beneficiary details
§
Inaccurate beneficiary bank and account number
§
Cancellation / Amendments to requests
§
Disputes
In cases we anticipate delays, we shall inform
the customer prior to the acceptance of requests or at the earliest possible
time upon happening of event that caused the delay. We shall undertake all possible measures to
send the money to the
8.
UNFORESEEN / ABNORMAL
CIRCUMSTANCES
We are not obliged to perform our obligations if abnormal
and unforeseeable circumstances beyond our controls prevent us from doing so.
Some common types are:
System Errors
a.
Compute-related problems (e.g.
systems upgrade, computer crash, corrupted/deleted files
b.
Unstable power
Technical Problems
a.
Bank is off-line (whether branch,
head office or on a nationwide basis)
Force Majeure
a.
Natural calamities (typhoon,
storm, heavy rain, flash flood, earthquake, etc)
b.
Nationwide blackout
c.
Political chaos
Also, we reserve the right to refuse, delay, cancel
or amend the request, where we believe the request and present circumstances
pose detrimental risks to our company, partners and employees.
9.
EXCHANGE RATE
Our exchange rate depends on the fluctuations of the
financial markets, which we have no control. Past performance is not an
indication of future performance.
We will convert your remittance at the date the
request has been accepted and the payment verified. The exchange rate applied
to your money transfer will be communicated to you, and indicated in the final
payment instruction form or receipt.
Our exchange rates changes every business day.
Saturday and Sunday rates follow the Friday rate published by the company.
Our daily exchange rates:
§
Are displayed at our office
premises, or
§
Are available in our website; and
§
Should be confirmed through any of
our customer service officers.
10.
FEES AND CHARGES
When you are sending money, you agree to pay us, at the time we accept
your request to send your money, the fees and charges corresponding to the
service being availed by you.
The fees/charges applied to your money transfer will be re-iterated by
our customer service officers prior to accepting a request. These will also be
indicated in the final payment instruction form or receipt
The fees are all-inclusive. This means no tax or charges, other than
those published and applied to the request, will be imposed by the company and
its service providers, from the time request is accepted by the company to the
time cash is ultimately delivered to the beneficiary.
The appropriate fees and charges are:
§
Are displayed at our office
premises, or
§
Are available in our website; and,
§
Should be confirmed through any of
our customer service officers.
We reserve the right to change the fees and charges, as the need
arises.
11.
CANCELLATION / AMENDMENTS
You can cancel your request, by giving notice (using the contact
details provided above) no later than the end of business day on which we have
accepted your request. In cases, where we receive cancellation requests after
this time limit, we reserve the right to decide whether we will process them or
not.
For cancelled transaction, we will return the amount paid by you, net
of the service fees/charges.
On another note, you can amend your request by giving notice. We will
amend the request provided the request has not been fully executed by our
service providers in the
12.
COMPENSATION SCHEME
No compensation is available from the Financial
Services Compensation Scheme, if we are unable to meet our obligations. Our
relationship with you is not that of a bank or trustee.
13.
MONEY LAUNDER REGULATION
You agree that you are not
sending or receiving a payment transfer from or in connection with any criminal
or illegal purpose.
You agree to help us in the
discharge of our anti-money laundering, security validation and verification
responsibilities, by providing the necessary information as we may request and
by giving your consent to share your information to persons/institutions named
below.
Due to changes in regulations
affecting all money remittance providers, our company by law is obligated to
verify the identify of customers and their
transactions, PRIOR to processing requests to send money to the
You will be required to submit the following
requirements, at a minimum, for this purpose.
§
Proof of identification
a.
Photocopy of your PASSPORT (Data
Page), UK Driver’s License or Employee I.D.
§
Two (2) Proofs of Address, which
can either be of the following:
a.
Photocopy of any of your recent
UTILITY Bills (e.g. water, gas, electricity),
b.
BANK STATEMENTS (dated not more
than 3 months ago), or
c.
COUNCIL TAX RENT CARD - duly
certified and stamped as "original copy seen and verified by_____, signed
over printed name & date" by any of the following: solicitor, doctor,
priest/pastor, police, post master, accountant, banker, teacher or consulate
officials
§
Other requirements, as required by
the company.
We may use the
information about you to discharge our anti-money laundering, security
validation and verification responsibilities to provide our services and to
manage our relationship with you.
In the course
of providing our service and as required by other applicable regulation such as
Regulation EC 1781/2006, we may keep and disclose relevant information to
payers, payees and their intermediaries (i.e. payment service providers);
persons with whom we share information for identification and
verification/validation purposes; regulatory and prosecuting authorities; and,
service providers acting on our behalf. This may involve transfer of
information to countries, which do not have data protection law as strict as
those in the
If you wish
to know more about the regulations, please contact Mary Rodriquez-Torno, our Money Laundering Reporting Officer, through her
Email: mary_mkr21@yahoo.co.uk
Tel. No: +44
207 373 8899
Fax No: +44 207 835 2077
We may
refuse, cancel or delay a transaction should the customer not provide us
adequate information to discharge our responsibility We
have the right to file charges against the sender for any form of fraud related
to the declared deposit/payments made and to claim all forms of damages or
additional charges in accordance with the gravity of the deceit. We also
reserve the right to report these information to our
regulators / authorities.
14.
COMPLAINTS
The company shall undertake
all possible means, in accordance with these terms and conditions and customer
service standards, to credit or deliver all valid transactions after the
customer’s request and due verifications of payments/deposits have been made.
However, we recognize that
sometimes things may go wrong, as such you may be entitled to redress for an
incorrectly executed money transfer or any matter that cause you to be
dissatisfied with our service standards.
Please tell us, promptly
(recommended: not later than 6 months after the date of transfer or the event
of complaint), if you have any problems or complaints with our service, and
give us an opportunity to resolve your complaint first in accordance with the
company’s complaints handling procedures.
A summary of the procedures
are available on our website, at our office, and upon request. Kindly take note
of the time limits in the procedures, as complaints raised/referred outside the
time limits will not be considered, unless an appropriate authority or the
company waived it.
The company is not liable for
any of its agents negligence of duties whether personal nor in their manner of
operations, unless it can be determined that we are jointly responsible for the
matter at hand. Customers therefore who remitted through agents shall resolve
any dispute through the latter.
15.
LOSSES
We are not liable for any
losses not directly associated with any incident that may cause you to make a
claim/complaint against us, nor are we liable for loss of profits, loss of
business, loss of goodwill or any form of special damages.
16.
DATA PROTECTION
All data provided by the client shall be protected
under the Data Protection Act.
If you wish
to know more about the regulations or our company policy, please contact Florencio Reyes, our Data Protection Officer, through his
telephone: +44 7990976740
Telephone calls to the company may be recorded for
training purposes in accordance with the company’s pursuit to maintain high
customer service quality standards.
17.
LAW AND JURISDICTION
These Terms and Conditions
are governed by English Law. The Courts of England have exclusive jurisdiction
to settle any dispute arising from or connected with these Terms and
Conditions, including a dispute regarding their existence, validity or
termination, or relating to any non-contractual or other obligation arising out
of or in connection with them and the consequences of their nullity.