How do I deposit large amounts (PHP 50K and above) to my PDAX account?

PDAX has come up with improved cash-in channels for large deposits to provide a more seamless and efficient way of cashing in as users maximize their PDAX experience. We now provide you with a simpler and more efficient way of cashing in large funds without the complex processes previously encountered in our platform. 

What are these channels?

Note: Account limits are also dependent on the individual user’s account level. 

1. Over the Counter – Cash or check via bank branches

Users have the option to cash in using cash or checks via our partner bank, UnionBank of the Philippines, or Sterling Bank of Asia. Here’s how:

1. 1. On your PDAX Home page, click Cash In
   2. Select Large Deposit
   3. Select Deposit to Branch
   4. Select the bank you want to use for your deposit
      • UnionBank of the Philippines
      • Sterling Bank of Asia
   5. Enter the amount you’d like to cash in
   6. Click the Cash In button to continue
   7. Check your email for deposit instructions  
   8. Go to your selected bank’s branch and deposit your cash-in amount to any of the following accounts:

   UnionBank of the Philippines

   • Bank Name: UnionBank of the Philippines
   • Account Name: PHILIPPINE DIGITAL ASSET EXCHANGE INC (PDAX)
   • Account Number: 00-059-008380-6

    

   Sterling Bank of Asia

   • Bank Name: Sterling Bank of Asia
   • Account Name: PHILIPPINE DIGITAL ASSET EXCHANGE (PDAX), INC.
   • Account Number: 002500-6-000044-61
   1. Once paid, reply to the email you received and attach a copy of your deposit slip or proof of transfer. Make sure the following details are clearly visible in your attachment:
      • Sender Bank Name
      • Date and Time of the transaction
      • Amount

    

    

   Check deposits made on a banking day will be cleared within two hours for same-bank (“on us”) checks. For checks coming from other banks, those deposited before the 3:00 P.M. cut-off will be cleared the following banking day.

   Cash deposits will be processed and credited within one hour.

2. Online bank transfer 

No time to go to the bank? Cash in via our partner banks using online bank transfer. Here’s how: 

1. 1. On your PDAX Home page, click Cash In
   2. Select Large Deposit
   3. Select Online Bank Transfer
   4. Select the bank you want to use for your deposit
      • UnionBank of the Philippines
      • Sterling Bank of Asia
   5. Enter the amount you’d like to cash in
   6. Click the Cash In button to continue
   7. Check your email for deposit instructions  
   8. Open your online bank account and deposit your cash-in amount to any of the following accounts:

   UnionBank of the Philippines

   • Bank Name: UnionBank of the Philippines
   • Account Name: PHILIPPINE DIGITAL ASSET EXCHANGE INC (PDAX)
   • Account Number: 00-059-008380-6

    

   Sterling Bank of Asia

   • Bank Name: Sterling Bank of Asia
   • Account Name: PHILIPPINE DIGITAL ASSET EXCHANGE (PDAX), INC.
   • Account Number: 002500-6-000044-61
   9. Once paid, reply to the email you received and attach a copy of your deposit slip or proof of transfer. Make sure the following details are clearly visible in your attachment:
   • Sender Bank Name
   • Date and Time of the transaction
   • Amount

3. Using UnionBank Bills Payment

1. On your PDAX Home page, click Cash In
2. Select Large Deposit
3. Select UnionBank Bills Payment
4. Enter the amount you’d like to cash in.
5. Click the Cash In button.   
6. Follow the remaining instructions to complete your Unionbank Bills Payment transaction.

 4. PESONet

Here's how:

1. On your PDAX Home page, click Cash In
2. Select PESONet
3. Enter the amount you’d like to cash in
4. Select the bank you want to use for your deposit.
   • UnionBank of the Philippines
   • Sterling Bank of Asia
5. Click the Cash In button to continue
6. Check your email for deposit instructions  
7. Deposit your cash-in amount to any of the following accounts:

UnionBank of the Philippines

• Bank Name: UnionBank of the Philippines
• Account Name: PHILIPPINE DIGITAL ASSET EXCHANGE INC (PDAX)
• Account Number: 00-059-008380-6

Sterling Bank of Asia

• Bank Name: Sterling Bank of Asia
• Account Name: PHILIPPINE DIGITAL ASSET EXCHANGE (PDAX), INC.
• Account Number: 002500-6-000044-61

8. Once paid, reply to the email you received and attach a copy of your deposit slip or proof of transfer. Make sure the following details are clearly visible in your attachment:
   • Sender Bank Name
   • Date and Time of the transaction
   • Amount

Please note that cash-in transactions via PESONet will be processed on the next business day.

If you have any questions or need further assistance, you may reach our Customer Support by filing a ticket  here.

NOTE: Please take note of the processing time and fee and minimum/maximum deposit amount per cash-in channel.

I need help, who can I reach out to? 

For assistance and other inquiries, you may contact one of our customer success representatives by filing a ticket through our support page.

DISCLAIMER: PDAX would like to reaffirm that the statements in this article do not constitute financial advice. PDAX does not guarantee the technical and financial integrity of the digital assets and their ecosystems.

External links are provided for convenience and for informational purposes. They are not statements of PDAX and PDAX bears no responsibility for the accuracy, legality, or content of said links.

For inquiries or complaints, please contact us through the following channels: Chatbot: https://pdax.ph or https://web.pdax.ph/ (click webchat feature); ‘Customer Support’ webpage at https://support.pdax.ph; Email: support@pdax.ph. Please provide us your name, email address, and any other information that we may need to identify you, and the particulars of the order and/or transaction on which you have feedback, questions, or complaints. If you already have a registered PDAX account, please provide us your registered name.

The Philippine Digital Asset Exchange (PDAX), Inc. (PDAX) is an entity regulated by the Bangko Sentral ng Pilipinas (BSP) https://www.bsp.gov.ph. You may get in touch with the BSP Consumer Protection and Market Conduct Office through the following channels:

Email: consumeraffairs@bsp.gov.ph; Webchat: http://www.bsp.gov.ph (click webchat feature); Facebook: https://www.facebook.com/BangkoSentralngPilipinas; Direct Line: (02) 5306 2584 / (02) 8708 7087; Trunk Line: (02) 8708 7701 loc. 2584;  or SMS: 21582277 (for Globe subscribers only). For further details, you may refer to BSP's Inclusive Finance - Consumer Protection.