Xoom Corporation (NASDAQ: XOOM), a leading digital money transfer provider, and BDO, the largest bank in the Philippines, have collaborated to offer instant bank deposit to all BDO accounts. This new service allows Xoom customers to instantly send money directly into a BDO account.
"Xoom is committed to providing 'instant' in all of our services, and we are pleased to launch instant deposit with the largest bank in the Philippines, BDO." said Julian King, Senior Vice President of Marketing and Corporate Development for Xoom. "With our collaboration with BDO, people can rest assured that their loved ones can receive their money without waiting or having to be mindful of cut-off times. Xoom customers can send 24 hours a day, seven days a week, every day of the year from their computer, mobile phone or tablet."
In the past, people were mindful of cut-off times, arranging their schedule to get to the bank to deposit their money and not have to wait another full day. Instant deposit means no waiting on the part of either the sender or recipient, making this a fast and convenient service for all Xoom customers