Often times, you’d find yourself wanting to save up on remittance fees. Whether you’re a loving parent hoping to send your teenage kids their tuition fees or a young professional hoping to send your loved ones the fruit of your labor back at home, the principle is basically the same. We all have to send money every once in a while towards our loved ones in order for them to pay off their bills or pending debts. For the most part, the amount sent would be more than enough to settle all of the required payments. However, this isn’t always the case. Prices go up, the economy may be facing more crisis than ever, and the fees required to process transactions (may it be online or offline) aren’t really budget friendly. Well, perhaps that would be a thing of the past, as Cebuana Lhuillier recently introduced their latest promo, fit for the holiday season. Being one of the Philippines’ most prominent remittance centers, Cebuana Lhuillier understands the need of the Filipinos when it comes to affordable remittance transactions. Not all Filipinos have the luxury to pay costly transaction fees, let alone budget enough to send towards their loved ones. In this case, they formulated an aptly named promo that will change all that, introducing Cebuana Lhuillier’s SulitRemit!
What is Cebuana Lhuillier’s SulitRemit?
SulitRemit is a money remittance promo introduced by Cebuana Lhuillier which aims to provide a 50% discount every time you’d remit money to your loved ones. This is applicable only to those who already have a Micro Savings account with Cebuana Lhuillier. In lieu of this, the purpose of having the promo support members of their Micro Savings service is to streamline the transactions in one go. This further adds to the convenience of Cebuana Lhuillier patrons and hopes to reward those who have been Micro Saving members for a while.
Okay, but what is this Micro Savings required in order to avail SulitRemit?
The term itself has a general definition. A general definition would be – “It is a branch of microfinance, consisting of a small deposit account offered to lower-income families or individuals as an incentive to store funds for future use. Microsavings accounts work similar to a normal savings account, however, are designed around smaller amounts of money. The minimum balance requirements are often waived, or very low, allowing users to save small amounts of money and not be charged for the service.”
To put that into perspective, it’s very much like opening a savings account in your local bank, however, in a much more “affordable” and manageable scale. Micro Saving understands the situation of lower-income families or individuals, offering a much convenient solution when it comes to investing financially without a large risk at hand. No one wants to experience the never-ending cycle of getting your monthly wage, depositing it in the bank, then having to withdraw it again as your expenses wouldn’t allow your budget to cut corners. This new financial innovation breaks that particular cycle, thus, giving a majority of hard workers a much bigger chance of creating their success stories in life and for the future of their families.
What is Micro Savings, in the context of it being offered by Cebuana Lhuiller?
Cebuana Lhuillier’s Micro Savings aims to provide easier banking access to Filipinos. The product is almost the same with any regular savings account in the Philippines and doesn’t require a maintaining balance. Filipino citizens as young as 7 years old are qualified to open an account, which can be considered as a “kids savings” or “junior savings” account.
By this very definition, you can see why it is important to streamline the promo with another great service that supports the common Filipino.
How do I participate in the SulitRemit Promo?
Anyone who has a Cebuana Lhuillier Micro Savings account is automatically eligible to participate in the SulitRemit promo. Just simply go for a remittance transaction from November 15, 2019 until January 20, 2020 and you’ll be qualified for the promo itself. Of course, do not forget to fill in the proper information, you’ll still undergo the usual money remittance process, with the main difference being that there would be a 50% discount. And don’t forget to show proof that you have a Micro Savings account with Cebuana Lhuillier as well.
What if I don’t have a Micro Savings account with Cebuana Lhuillier?
In order to qualify for the SulitRemit discount, you should indeed have a Micro Savings account with Cebuana Lhuillier. No worries, as you may visit your nearest branch to apply for an account. All you need is a valid ID and a P50 maintaining balance. Yes, you’ve read that right, for as low as P50, you may open a Micro Savings account.
Is there any maximum sending amount for the discounted remittance?
Once you have a Micro Savings account, you are already qualified for the discount, but do keep in mind that the discount would only be applied for remittances ranging from P1 up to P5,000. Any amount over that may deem the discount inapplicable.
How would I know if the discount was applied to my remittance fee?
No worries, our Cebuana Lhuillier over-the-counter personnel will let you know if you are eligible for the discount, even before the remittance transaction begins. Once it’s done, you may also see the indication of the discount via the Pera Padala Payslip that you’d receive after the transaction.
How many times may I avail of this SulitRemit Promo?
The great thing about this promo is that you may avail of it as many times as you want. So as long as you remit money from November 15, 2019 until January 20, 2020, you are eligible for the discount. Don’t forget about the maximum sending amount as well, ranging from P1 up to P5,000.
Is the promo available in Cebuana Lhuillier branches?
No, Cebuana Lhuillier’s SulitRemit Promo is only available in branches within North and Central Luzon. Any other branches beyond those locations do not offer the discount.
What are the equivalent discounts per amount sent?
For a clear overview of the rates and their discounts, you may check out the chart below.
|Amount||Regular Rate||Discounted Rate|
So, what are you waiting for? If you live within North and Central Luzon, visit your nearest Cebuana Lhuillier branch now – we assure a fast, easy and secure transaction.