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Friday, February 20, 2009

Tips on Sending Money to the Philippines

By Chloe Banks

There are several ways to send money to the Philippines. The amount of time it takes, along with cost and level of security vary for each service.

In case of an emergency you may need to know how to send money as quickly as possible. It is important to know your options when sending money to the Philippines. The most pressing thing to remember is don't panic. Prepare now to have everything in place to initiate a transfer when necessary.

A good way to make quick payments is through an on-line service such as ATM Cash. The money is then available almost instantly.

This is often the easiest and fastest way to send money to your loved ones in the Philippines. And you can make a transfer 24/7 from your computer.

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.

If you trust that the cardholder will only use the money allocated, they could have a card and PIN number so that they could take out cash through an ATM at all times.

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 only have access to funds when you refill the card. All you would have to do is notify the cardholder when money is available.

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.

These are some of the options of transferring money to the Philippines to ensure quick and safe delivery.

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