Tips on Sending Money to the Philippines
The cost, security and amount of time it takes to send money to the Philippines varies depending on what kind of service you use. Here is some information on the fastest and safest ways to send money to the Philippines.
Sometimes it is most important to send money as quickly as possible, such as in case of an emergency. Prepare now and know all your options to initiate a transfer to the Philippines.
When remittances to the Philippines are processed through on-line/real-time facilities such as ATM Cash, the money is made available to the recipient in the Philippines virtually instantaneously since the credit to his/her deposit account is posted in real time.
You can send money to the Philippines this way round-the-clock from your computer, making on-line services one of the easiest and fastest ways to make a remittance.
Another quick way of transferring money is through a debit or ATM card. If you are sending money to a family member it is often helpful to have a bank card that is linked back to your checking account.
As long as you are comfortable with the cardholder having access to your account at all times, they could have a card and PIN number so that they could have access to cash through an ATM machine.
For situations where you do not want the recipient to have unlimited access to the money, a pre-paid debit card is another way to go. It works just like an ATM card except that it is loaded with a specific amount of money.
The recipient will have access to funds after you refill the card. At this time you would just have to let them know that money has been added to the debit card.
Opening an account at a bank with branches in both the Philippines and the US is another quick way to send money. This way it is easier to transfer money between accounts.
The above steps are some of the ways that will help ensure that money arrives quickly when you need it and in the safest way possible.
Sometimes it is most important to send money as quickly as possible, such as in case of an emergency. Prepare now and know all your options to initiate a transfer to the Philippines.
When remittances to the Philippines are processed through on-line/real-time facilities such as ATM Cash, the money is made available to the recipient in the Philippines virtually instantaneously since the credit to his/her deposit account is posted in real time.
You can send money to the Philippines this way round-the-clock from your computer, making on-line services one of the easiest and fastest ways to make a remittance.
Another quick way of transferring money is through a debit or ATM card. If you are sending money to a family member it is often helpful to have a bank card that is linked back to your checking account.
As long as you are comfortable with the cardholder having access to your account at all times, they could have a card and PIN number so that they could have access to cash through an ATM machine.
For situations where you do not want the recipient to have unlimited access to the money, a pre-paid debit card is another way to go. It works just like an ATM card except that it is loaded with a specific amount of money.
The recipient will have access to funds after you refill the card. At this time you would just have to let them know that money has been added to the debit card.
Opening an account at a bank with branches in both the Philippines and the US is another quick way to send money. This way it is easier to transfer money between accounts.
The above steps are some of the ways that will help ensure that money arrives quickly when you need it and in the safest way possible.
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Everything they never told you about send money to the Philippines revealed! For more insider tips and information be sure and check out send money to the Philippines
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