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Are you currently working or living in the United States? Do you want to send money to your loved ones in the Philippines? Today, there are many money transfer services which you can take advantage of. Whichever method you choose to use, these tips will ensure that your remittance to the Philippines will be easy, safe, and quick:
Tip #1 – Make sure you use a trusted money transfer service provider
Looking for a money transfer service provider is easy but working with a trustworthy one can be a challenge. You have to make sure that the money transfer provider is legit and check their track records to ensure that you will not end up with a service that fails to deliver your money in good time. Reviews from past clients can also help you choose a money transfer service well.
Tip #2 – Send it through faster avenues
There is a wide spectrum of money transfer service providers online but only a few promise to send your money to your recipients fast. When we say fast, we mean your loved ones will be able to get it in a matter of minutes. What is the point of making an urgent money transfer back home when your recipient can only access the money after 2 weeks? Speed is the name of the game when it comes to online money transfers today, so if a service provider cannot deliver money fast, you can always look elsewhere for a faster remittance. Sharemoney transfers your funds within minutes and up to several hours for the door to door delivery option, giving you a swift service for any emergency needs.
Tip #3 – Go for a service provider that offers various delivery options
The most common delivery option that most money transfer services offer is bank deposits. However, in some places in the Philippines, a trip to the bank branch or the ATM can be a tedious affair due to unfavorable physical locations. If this is the case, you should look for a money transfer service that offers alternative delivery options such as door to door (home) delivery or cash pickup at better and more accessible locations. Sharemoney offers bank deposits, cash pickups, and door to door delivery in the Philippines, so you will always find an option that’s convenient for your beneficiary.
Tip #4 – Check the list of partner companies
Partner companies can include pick-up location vendors, bank partners and etc. If you want the money transfer to reach your beneficiary easily and quickly, make sure that the money transfer service provider is working with a large number of partner companies to help your money transfer get delivered without hassle. For example, Sharemoney has a list of cash pick-up locations and bank deposit partners for reference and this is a good example of a service provider that has an extensive network of partner companies.
Tip #5 – Remember to provide the transaction reference number for your recipient
The proof of your transaction is a unique reference number given to you by your money transfer service provider. This is either sent to your through email if you do the transaction online or will instantly appear on the webpage after you have clicked on the ‘send’ button for your money transfer. It is an important piece of information that your recipient needs, especially when they are claiming the funds from a designated cash pickup location or during a home delivery cash service. Some remittance companies will even let your recipient track your transfer in real-time, provided they have the reference number. Sharemoney automatically sends you your Money Transfer Reference Number (MTN) to your inbox when you place a transaction. Both you and your beneficiary can track the transfer in real-time using the MTN.
Tip #6 – Advise your recipient to bring personal identification proof with them
For recipients collecting the money through a cash pickup point or home delivery, showing proof of your identity is crucial for the money claiming process. It is essential that you inform your recipient about this so that they will not encounter any problems while receiving their money in the Philippines.
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