How to transfer money to the Philippines?

[dpoguer]

Can anyone recommend how I can send money to the Philippines. I just received a letter from my Ninang, whom I haven't heard from in over 10 years, informing me my Ninong is sick. Any suggestions? HELP!

[JDELEON]

Never done this before, but I looked it up before.

The cheap slow way is to wire transfer the funds from your bank to her bank account.

A more expensive but faster way is to send it via Western Union or something like that.

May Angels smile upon you,
Joe
ps. pray things work out for your Ninong

[This message has been edited by JDELEON (edited 08-06-2000).]

[makiling]

try sending it via BPI Remittance Center. cheaper than wiring it. there are branches in los angeles, Milpitas and san francisco.

[junh]

Aside from your typical remittance service outlet like Western Union, I only know of paypal unfortunately paypal is not accepted here yet! :hmm:

[Ebisu24]

Where are you sending from? From the US?

[gumacanian]

the quickest way i know is telegraphic transfer..ask your bank about it...Your relative does`nt even need an account in P.I.... Its cheap too. Forget western union..What a rip off!!

[bzbee]

if you're in the US, have your relative open an account at PNB. I think the minimum for dollar account is $200. PNB have branches around USA and it will be there the next business day. The fee is only $15 bucks over 3K.

[diwata28]

pls help me out here.

my aunt who's abroad will buy some products from me here. paano sya pwede magpadala ng dollars here? i mean, kung idedeposit sa bank, kelangan bank dito na meron branch dun?

pls shed light on this...thanks

merry christmas!!! :)

[bzbee]

try this links.....

http://pweb.netcom.com/~pnbnyc/pnbnyc.html

http://www.forexworld.com/welcome.asp

[KuyaDanny]

Some commonly used methods:

1) Deposit/withdraw - if the bank in the States has a branch here and both of you have accounts with the bank, then she can deposit there and you can withdraw here.

2) Telegraphic transfer - if the bank in the States does not have a branch here, she can send money by this method direct to your account here. The service costs a fee.

3) Western Union - she can give money to Western Union or she can charge her credit card, and you can pick up cash here from Western Union branches. There is a BIG fee for this.

4) Door to door - she can give dollars to somebody running a door-to-door money business in the US. Usually there is a Philippine partner who will then give you the cash here.

5) Padala - give money to somebody coming home to the Philippines. Upon arrival, arrange to meet the person to get the money. Might cost you a little merienda or pasalubong. ;)

[what]

hi, i strongly suggest money transfer through western union. i've been a client for lots of years na and they're absolutely reliable. in just a few minutes makukuha mo na kaagad ang pera. :)

[angel02]

How much naman fee for Western Union in case you'll use their service?

[KuyaDanny]

There's a fee calculator at the Western Union website (http://www.westernunion.com/). It costs, for example, $68 to send $1000 from New Jersey to the Philippines. To send $100, the fee is $15.

[KuyaDanny]

I haven't fully investigated these, but you might consider also two services by LBC USA:

ATM Bilis Padala - money paid to LBC USA is withdrawable at any Megalink ATM in the Philippines within 15 minutes after receipt;

LBC Speedcash - a check or money order sent to LBC will be delivered to any recipient in the Philippines.

The information on the LBC USA website (http://209.45.164.35/mundial/companies/courier/us/indexus.htm) is sketchy at the moment. They don't even have a proper domain name. Maybe somebody who has actually used these services can enlighten us.

[diwata28]

hi, thanks for the replies!
well, my aunt said that she'll send the money thru door to door. i'm just wondering how i could get it. i mean, may pupunta sa house ko dala-dala nya ang money?dollars pa ba yun or peso na pagdating dito? :D hindi ko kasi alam eh...

[KuyaDanny]

They should give your aunt a choice. If she doesn't specify you will get pesos, so make sure she says dollars, if that is what you want.

Normally they should deliver the money to your home of office. That's why it's called door-to-door. The courier should call you to make an appointment, although we can't be sure about this. Some people are lazy and impolite.

[diwata28]

yun na nga eh...i'm not always at home pa naman neither is my dad, yun maid namin nasa vacation pa.

sana dollars na lang, para hihintayin ko tumaas ulit ang rate :D :D

may pm po ako sa yo, natanggap nyo na?

thanks

[cHUGEe]

puwede rin magpadala through a remittance center kung OFW pa rin ang auntie mo. you could ask the banks how to open an account for OFWs to remit money to. i think puwede ang BPI, CITIBANK at LandBank. Mas mura sya kaysa sa wire transfers. dunno kung mas matagal lang nga.

[diwata28]

ahhh....immigrant po aunt ko...thanks

[bzbee]

I have my mom's monthly allowance send to PNB, bank to bank kaya next day credited agad sa account nya. so far wala namang problema.

Yong brother ko naman nagpapadala ng kanyang child support every month, wala namang problema.

The service fee is 15 bucks for the first 1000 and 20 bucks na after that.

I tried Citibank once and they only accepts thru western union. The service fee is not worth, 40 bucks for a $200 remittance?

yon lang po

[f0r5aK3n]

check this site out by Citibank

www.c2it.com

[JunoPluto]

Originally posted by diwata28
pls help me out here.

my aunt who's abroad will buy some products from me here. paano sya pwede magpadala ng dollars here? i mean, kung idedeposit sa bank, kelangan bank dito na meron branch dun?

pls shed light on this...thanks

merry christmas!!! :)

First off, nasaan ang auntie mo? I remit dollars to the Philippines regularly (twice a month, at least) and there are a lot of ways to go by it.

The most affordable for me is sending it through Banco de Oro (though I've done it through Citibank, PNB, etc). Your aunt can send the money from a BancodeOro remittance center (typically close to a Filipino store) in the States and you can pick it up on any BancodeOro branch sa atin a few hours later. Fee for anything equal or below $500 is $12. The only bad part is that you can only send dollar to peso. I think they're still working on getting the dollar to dollar transaction to work.

[Ivan Boesky]

Here's another alternative:

ePadala Express (http://www.epadalaexpress.com/) operated by PhilWeb.com. Deposit money in one of 4,000 Citibank or Bank One branches in the US, and get the cash delivered "anywhere in the Philippines." Fees seem to be lower than Western Union.

[PUGSLEY]

Originally posted by diwata28
pls help me out here.

my aunt who's abroad will buy some products from me here. paano sya pwede magpadala ng dollars here? i mean, kung idedeposit sa bank, kelangan bank dito na meron branch dun?

pls shed light on this...thanks

merry christmas!!! :)

Hope this reply isn't too late.

It's better if the sending bank and receiving bank are of the same branch. At least most banks are on-line, so in a matter of seconds, or minutes you get the amount at once and at least the charges would be the same.

Also it be better that you have a dollar account here, because more often than not, banks convert the dollar amount to the peso amount. And mind you the rate of conversion of the bank is so low.

Enjoy your dollars but save for the rainy day!!! :D

[craziegirl]

Hi diwata, sorry di ako nakapunta last sat. ha....

anyway...remittances iha. If you have a BPI account your aunt can send it through remittances. Their system will automatically convert the dollars to pesos nga lang. Unless ofcourse you make a dollar account which would be a hassle kasi the maintaining balance is high.:)

[maples]

Could anybody or pexers from the U.S. specifically New Jersey enlighten me on Bank to Bank Transfer of funds.

How much does the US Banks charges for an amount...say..$100 to send here in the philippines through banks?

What is the cheapest and safest way of sending money to the
Philippines from the U.S.??? Any alternative method aside from
Bank to Bank Transfer...how much will it cost to send say.. for every $100???


Many thanks.;)

[Hulk]

The usual charge for a telegraphic transfer (bank to bank) is from $10 to $15 per transaction. Both the correspondent bank (foreign bank) and the bank here in the Philippines will share in that fee.

Beware however of banks charging something like 1/4 of 1% of the amount you're transferring. Ang sakit nun if you're transferring $1 MM.

The best thing to do is ask your local bank about their charges before making a transaction. *okay*


:frank:

[wurm]

Hello,

Paano ba mgpadala ng pera from North America to a savings account in the Phils? (PNB)

Malaki ba usually ang charges ng bank? I just want to send a few hundred dollars every month.

I was just wondering why most Pinoy's choose to send $$ money in cash, through courier? Is it because it's cheaper?

Thanks.

[thirdeye]

Do it by telegraphic transfer (around $10 each transaction) or get a bank draft and fedex it here or some other registered mail. Is this going to be a monthly allowance to your family? If so, try sending it every 3 months instead of every month. It's less hassle and less cost.

[KuyaDanny]

I was just wondering why most Pinoy's choose to send $$ money in cash, through courier? Is it because it's cheaper?


We invested in a remittance service business several years ago. In the course of doing market studies, we discovered some of the reasons people don't use bank transfers more often than they should:

1) Ignorance
2) (Perception of) high cost
3) Fear of money getting lost
4) Recipient does not have a bank account

[BaryaLang]

http://www.westernunion.com

has a lot of information about their services. Your Philippine receiver can get the money in Dollars or Peso which sometime a bank will not do without a lot of cost (payout dollars).

I just checked a chart I had, could not find the "transaction cost" online, but this is pretty close:
$1 to $50 cost=$13
$50 to $100 cost=$14
$100 to $200 cost=$21
$200 to $300 cost=$27

Some of our USA clients for web pages/web sites that do not have a bank account or credit card use Western Union to pay their $6 or $18 to us. There are places to pick up the money from Western Union EVERYWHERE in the Philippines. The black and yellow sign hangs outside almost all banks and lending companies. So it's really easy to get the money. The receiver does need some kind of ID though.

Barry

Barry Doolittle, Instructor
The Official Web Site for the Happy Pinoy
Barya Lang Internet Family
http://www.happypinoy.com

barry@happypinoy.com

http://www.baryalang.com
http://www.900ph.com
http://www.19d.us
http://www.1job.us

[npefley]

If you are sending from the U.S. and have access to a computer with an internet connection, I recommend www.remithome.com. I have been using it for two years and they are very reliable. I've used their door-to-door service and their bank deposit service. They have a $10 flat fee and high exchange rates, and the fee is reduced to $8 per transfer if you send on a recurring basis (say, once a month). One thing I really like is that you can schedule transfers in advance, so you don't need to remember to get to a computer to send that transfer in the future.

If you want to compare online remittance services from the U.S. to the Philippines, go to www.onlinephilippines.net. This website ranks, rates, and compares 12 online remittance services.

[SUX2BÜ]

Also try MoneyGram (http://www.moneygram.com/index.htm). It's like Western Union, but their transfer fees are way way way better; for example, if you send $200, the fee is only $7-$9 versus WU's $22-$29. The only thing is that the person you're sending the money to will get the "padala" in pesos.

:)

[ahock]

I recently used www.xoom.com I'll give feedback here once ok na transaction. So far so good

[Battousai1]

I used yespinoy in sending/transfering money. I find this the fastest, cheapest and most comfortable way of transfering money, you can transfer money in just 15 seconds and the money you sent is transfered to your recipient's own debit card and they can withdraw the money in any atm, you can send money anytime just by using your computer. you might want to check it out at www.yespinoy.com

[paseojen]

If you are in USA, you can deposit it to our USA bank's account, and we will deposit your peso in your preferred bank here in the Philippines, it's a service our rural bank is offering. No Charges! US to Peso rate would be based on PNB New york rate. You will save a lot!
We even got friends in USA making a business out of it.

[green_apples]

My clients send money through www.xoom.com Your ninang can withdraw in any Equitable PCI Bank

[k3rwin]

im using citibank global transfer. as long as your recepient have the citibank money card you can send up to $1000 with a fee of $8 per transaction.

[dray]

I tried to send thry XOOM once, they asked me for my social security number. I asked why (had to call their support line), they said it is for 'MY PROTECTION'. I said B.S. and sent it thru western union even though it was more expensive.

Listen folks, NEVER EVER TYPE IN YOUR SSN to a webpage. Not even my bank asks for my SSN when I log in.

[manabs]

Pasaload via text

[C_ronaldo7]

1.bank transfer
2.western union
3.fedex (kunwari may padala tapos just insert the money there)

[kaechosan]

Halu dur,

Sino sa inyo nakagamit na ng service na ito? How was it? Ok naman ba? :)

Why did you choose LBC than other money transfer stores like western Union, M lhuillier, etc?

[luvnt]

saan ba pwedeng bumili ng money order or magpagawa ng big check size sa Pinas?

[la_flash]

Halu dur,

Sino sa inyo nakagamit na ng service na ito? How was it? Ok naman ba? :)

Why did you choose LBC than other money transfer stores like western Union, M lhuillier, etc?

The only time that I used LBC was last 2005. I needed to send PhP60K to my mother in the Philippines. My counterparts in the US at that time advised me to use LBC... so there, we went to the nearest branch of LBC. I was at San Jose that time. It cost me about $15 (I forgot the exact amount, sorry)...

The sad thing was, it took my mother roughly about two weeks just to get the money. Apparently, there was a problem in LBC and I don't know why. At first, they told me that they were still processing it... but two weeks? bleh.

I hope that I am the only one who had a bad experience with them.