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Transfer money to Philippines Using Your Preferred Method

One of the safest ways known to transfer money to the Philippines is to make a wire transfer through your bank. Many banks in the U.S. also exist in other countries, which makes the system easy and affordable in most cases. One example is the Wells Fargo. Until you and your relatives have an account with this bank, transferring money is simple. Enroll in ExpressSend service and then provide your relatives The Philippine name and account number is the best first step to make. Your transfer will usually cost about $ 5, and you can make regular transaction in this way. Your U.S. dollar is automatically changed to U.S. dollars, equivalent to about .02074 U.S. dollars. This means that for every U.S. dollar to send you, your recipient will receive 48 Philippine pesos, you should keep in mind. Expect your relatives to receive the money within three days business.

If you decide to use HSBC to transfer money to the Philippines from your account on your relative the HSBC account, it will cost $ 30. If you transfer another bank, it will cost $ 45. No matter which one applies to you, the transfer will take three to five day business. If your bank does not exist in the Philippines, you can also go through a company that sends money from your account to a place where your relatives may take the cash. You can also assign an account for the money to put in the kind of service costs less than $ 4 to transfer money to the Philippines and will last anywhere from one hour to three days business.

If you and your family both have an account with Philippine National Bank, it is worth $ 6 to transfer the money by next business day by their special remittance program. If your recipient does not have an account there, it will cost them $ 9 to this Take a branch in the Philippines using two means of identification. There is a Philippine National Bank in New York's 5th Avenue in Manhattan, convenient for the East Coast. There are hundreds of branches of the Philippine island of Luzon, Visayas and Mindanao, as well as the nation's capital, Manila.

If your family has an account LandBank, Metropolitan Bank, Union Bank of the Philippines, United Coconut Planters Bank, or Bank of the Philippines, to name a few, you can send up to $ 20 for a fee that more than $ 6. To send $ 625, a $ 31 fee. The money will be sent to the Philippines peso.

Another way to move funds quickly return home is to send your family members of a prepaid debit card and add money to it when you need to. It creates comfort for your family members, As they use any of their prepaid debit card to purchase items or get cash from an ATM. Expect to pay a few dollars each time you add money to the card, but it is often better than paying upwards of $ 30 to transfer money to the Philippines by other methods. This route also charge a flat fee rather than a percentage of what you transfer, so it is cheaper if you need to move a lot of money at once.

Before you decide the best way for you to transfer money to the Philippines, consider your relatives. Decide if you want them to get their money immediately to a bank account, receive a debit card, or take the cash from one of many locations near Manila, Bacolod, Davao, or other large areas. Finally, before you choose a way to transfer money to the Philippines choose the fastest route, cheapest and most convenient for you and your family members.

About the Author

For more information on sending money to Philippines both within the United States and abroad visit Send Money world wide or atmcash.com