You can send Philippine Pesos (PHP) from your KAST account to any bank account that supports PHP transfers using KAST Pay. In this article, you’ll learn how to send PHP to a bank account, what fees and timelines apply, and what to do if your payout doesn't arrive as expected.
How Do I Send PHP from KAST?
With KAST Pay, sending PHP is quick and simple:
| 1. Open the KAST app. | |
| 2. Go to the Pay tab. | |
| 3. Under New Payment, select Local Payout. | |
| 4. Choose PHP as your payout currency. | |
| 5. Choose whether to transfer to your own account or to someone else. | |
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6. Enter the amount you wish to send. |
| 7. Enter your recipient’s bank details. | |
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8. Review the details and confirm your transaction. |
Your funds are converted at the current FX rate, and you’ll see all fees and delivery times upfront before confirming your payout.
What are the Fees for PHP Payouts from KAST?
KAST uses transparent pricing for every PHP payout:
| Detail | What It Means | Amount |
|---|---|---|
| FX Conversion Fee | Rate applied when converting stablecoins to PHP. | 1% |
| Transfer Fee (Fixed) | Flat fee for processing your payout. | 2 USD |
What is the Minimum Amount Threshold for PHP Payouts?
The required minimum payout for PHP transfers is 100 PHP. This threshold helps ensure smooth processing and maintains consistent payout standards across supported banking networks in the Philippines.
Which Banks Can Receive PHP Payouts?
You can send PHP to local banks in the Philippines that support peso-denominated transfers, including:
- Major Philippine banks (BDO, BPI, Metrobank, Land Bank, PNB, etc.)
- Most regional and digital banks that accept PHP deposits.
Tip: The app shows all supported banks for the selected currency.
How Long Does It Take for PHP Payouts to Arrive?
- For amounts up to ₱50,000, payouts are processed instantly.
- For amounts above ₱50,000, payouts take less than 24 hours.
Transfers sent outside banking hours or on holidays are processed on the next working day.
Can I Send PHP to Someone Else’s Account?
Yes, you can send PHP to another person’s local bank account, provided all details are accurate. Ensure the recipient’s name, account number, and bank information are correct before submission.
What If My PHP Payout Hasn’t Arrived?
If your payout hasn’t arrived after the expected time:
- Check your Transaction History in the KAST app.
- Verify your bank account details for accuracy.
- Contact your bank to confirm if the transfer is pending.
- If still unresolved, contact KAST Concierge for help.
For more help, see: What Should I Do If My KAST Payout Hasn’t Arrived Yet?
Frequently Asked Questions
Do I need to complete KYC before sending PHP?
Yes. Completing KYC verification is required before using KAST Pay. This ensures compliance with local financial regulations and keeps your transactions secure.
Why does my PHP payout sometimes take longer to arrive?
Slight delays can occur if transfers are made after banking hours or during holidays. Occasionally, banks perform compliance checks on large or first-time transfers, which can add a short delay.
Can I cancel or edit an PHP payout after confirming?
No. Once confirmed, PHP payouts are immediately processed and cannot be canceled or changed. If you entered incorrect details, contact KAST Concierge as soon as possible for help.
What happens if my payout fails?
If your payout fails because of invalid or incomplete information, your funds will be returned to your KAST balance automatically once the payment is reversed. You’ll be notified once the refund is completed.
Can I send PHP from anywhere?
Yes. You can send PHP from any country supported by KAST, as long as the recipient’s bank account accepts PHP transfers. This makes it easy to receive or distribute funds across borders in local currency.