1.The Ministry of Finance has issued remittance account numbers for agencies. Can those account numbers be used for making payments with ATM or web banking?

The Ministry of Finance-issued remittance account numbers for agencies are virtual numbers that presently are used for remittance to the National Treasury only. Payers cannot use those numbers to make payments via non-remittance means, such as ATM or web banking.

2.In making remitting payments for non-tax collections, can payer use commercial banks as well as financial institutions such as the post office and credit unions?

You can use any financial institution capable of remitting funds, such as commercial banks, credit unions, farmers’ associations, fishermen’s association, and the post office. With locations throughout the nation, it is very convenient to remit funds.

3.Payers make payments to the National Treasury via remittance. Who bears the cost of such remittance, the agency or the payer?

 The payers bear the remittance charges at financial institutions.