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Canadian Thanksgiving Holiday – October 13th October 7, 2008

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Monday, October 13th, 2008 is a National Holiday in Canada for the celebration of Thanksgiving. Paystone will be closed for the holiday, as will all Canadian banks. In-person transactions at the bank and Paystone customer service assistance will be unavailable on this day.

All online money transfers from Canada and the U.S. can still be sent as per usual . Some Paystone representatives will also be able to process your money transfers from Canada in-person during the holiday. Please contact your representative for China or the Philippines directly for service availability. Please note: There will  be a one day delay on remittance transactions due to the holiday.

When sending money to the Philippines, China, Mexico and around the world, please note that all partner banks and institutions outside of Canada will be open for busines as usual on October 13th.

National Day Holiday in China – October 1st September 26, 2008

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October 1st is the National Holiday for the People’s Republic of China. Banks, including Paystone’s partner bank SPDB, will be closed for the holiday from Wednesday, October 1st to Friday October 3rd.

You can send your remittance from Canada and the U.S. as usual. When sending money to China, please note that cash pickups from SPDB will not be possible on those days. Sending money via direct deposit to an SPDB bank account is not affected. Paystone is open for business during the holiday. All money transfers will be processed as usual.

OFWs – Major Contributors to the Philippine Economy September 24, 2008

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Sending money home to your loved ones in the Philippines is an important and admirable contribution. Your family members know they can always count on your support, even when you are far from home. But did you know that every time you send remittance to the Philippines, you are not only supporting your family, but contributing to the economy of your country as a whole?

Your Filipino remittances are major contributors of foreign exchange and Gross National Product (GNP) to your home country.  Official reports say that OFW remittance volume constitutes 10% of the GNP of the Philippines. That’s 5 times more than all direct foreign investment in the country!

It’s no wonder then that the president, Gloria Macapagal-Arroyo, hailed you, the overseas Filipino workers, as “true global pioneers” in her speech before the 63rd United Nations General Assembly in New York.

The next time you send money home to the Philippines, know that you are not only doing service to your family, but to your entire country at the same time.

Sources: Joel Guinto for Inquirer.net and Babe Romualdez for The Philippine Star

October 1 – non-working holiday in the Philippines September 24, 2008

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President Arroyo has declared that Wednesday, October 1, 2008 is a national, non-working holiday in observance of Eid’l Fitr, or the end of the Muslim holy month of Ramadan.

You can send your remittance from Canada and the USA as normal.  For all OFWs and individuals sending money to the Philippines, please note that banks in the Philippines, including BDO, will be closed on this day. Your friends and family will not be able to pick up cash in person at Paystone’s partner banks on October 1st.  Paystone’s other delivery services for the Philippines, including pickups at Shoemart and home delivery, will not close for October 1.  Sending money from North America will continue to function as normal.  Paystone will be open for business as usual.

Find Paystone Remittance Reps in Western Canada September 22, 2008

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Exchanging Pesos for Dollars

Are you looking for a way to send cash to your friends and family overseas?  Are you a new Canadian immigrant and haven’t set up a chequing or bank account yet?  Paystone now makes it even easier for you to send money back home to your friends, family and business associates in the Philippines and in mainland China.

If you live in British Columbia, Alberta, Saskatchewan or Manitoba please drop into one of our representative locations to fill up your remittance in person.  We also provide a convenient pick-up service for workers that can not always make it to our rep locations on time during business hours.

For a complete list of our representative locations in Western Canada, just click on the following links.

Philippines Rep Locations
http://www.paystone.com/remittance/phil_rep.php

China Rep Locations
http://www.paystone.com/remittance/spdb_rep.php

Do remember – you can always send your remittance overseas money transfer via our convenient online system. You can send money online 24 hours per day, any day of the week.  To send money online to China or the Philippines, just login to your Paystone account and fill up the form online.

Our online system allows you to send up to $1,000 to each person per day.  Your online money transfer will be sent directly to the receiver’s bank account or held for cash pick up within 24-48 hours depending on which bank your receiver holds an account with.  This is a much cheaper and faster way to send money internationally than sending expensive bank wire transfers and money orders.

Send money online to China
http://www.paystone.com/remittance/china.php

Send money online to the Philippines
http://www.paystone.com/remittance/philippines.php