Send money to the Philippines

Best way to transfer money to the Philippines

With the advancement of technology, sending cash across borders is easy and fast, unlike decades ago when it was a stressful and risky affair. When you’re sending cash to the Philippines from any part of the world, you’ll be surprised at the many options available to you. And make no mistake; the Philippines is one of Asia’s popular destinations for foreign remittances. It’s also home to illustrious Filipinos who are known to migrate to foreign countries in search of better opportunities in employment, studies or business. For Filipino expatriates willing to remit cash to family and friends based in the Philippines, they can choose from bank transfers, international money transfer agents, cash pick up agents, Paypal, credit or debit cards, among others.

How to send money to Philippines

Sending cash to the Philippines is easy and straightforward, regardless of the method you settle on. For international cash remittance services like WorldRemit, the whole process starts when you sign up for an account. The next step is to show your ID, after which you are allowed to deposit money for remittance. You then pay the transfer fee and within hours, depending on the service you pick, the money will be deposited into your recipient’s bank account. In case of an interbank transfer, it’s best to use an international bank with branches in the Philippines. That way, you’re assured of a smooth process and lower fees. For Paypal transactions, you’re required to create your own account, and to make sure that your recipient has a Paypal account. When everything checks out well, the cash hits your recipients Paypal account in minutes.

Which service to use?

Sending money to the Philippines can be a costly affair, depending on the service you use. Some service providers charge a premium for small amounts of cash, while others do not charge a penny to send small amounts of money. As such, it’s paramount that you shop for the best method to send cash to the Philippines as there’s no size for all.

How much does it cost?

There’s no denying; transfer fees make up the biggest expense when sending cash overseas. That’s why it’s advisable to shop for the cheapest method when you are sending any amount of cash to the Philippines. E transfer services, including InstaRem, Skrill and TransferWise are renowned for their low transfer fees, mostly based on a commission that ranges between 0.25 and 0.5% of the total transfer amount. As always, emergency remittance services will be costlier than normal remittances, and bank transfers are costly when transferring small amounts. They are best suited for bulk transfers. Some services like Skrill don’t charge any fee for small amounts sent to the mobile phone, and some services charge a flat fee regardless of the amount you’re sending. It’s advisable to compare different services before choosing one.

Here are the most popular methods to transfer cash to the Philippines.

• Bank transfers
• E tranfer services like InstaRem and Skrill
• International remittance services with cash pick up agents
• Paypal

Our advantages

We know that getting the cheapest money transfer service can be a hassle for most people, that’s why we have put together a dynamic comparison website to help you get the best service that suits you.

Here’s what you get from our online comparison tool.

1. companies with the best rates
2. tips on the cheapest cash transfer methods
3. ratings for different remittance providers
4. vetted and verified companies that you can choose

In a nutshell, sending cash to the Philippines should be easy and affordable. You only need to search for the cheapest, easiest and most reliable method to use. Again, the best service will depend on your needs, so take your time and shop around.