A Simple Guide on Foreign Payments to The Philippines
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Have you been disappointed over the times you need to pay expensive transfer fees just to make sure your money remittance can get into the hands of your loved ones in the Philippines? Adding to your disappointment is the fact that your recipients even have to pay an additional amount just to be able to claim their remittance.
Well, if you want to erase such worries, all you need to do is use Sharemoney’s money transfer services and you can be sure to pay cheap transfer fees for your transaction.
How Cheap are Sharemoney’s Services?
The money transfer services to your loved ones in the Philippines are really cheap because it will only cost you as low as $2.99 for a remittance amount up to $2,999. Despite the very small amount we charge for your transaction, you can be assured that your loved ones can enjoy competitive PHP exchange rates when converting the US dollars to its Philippine peso equivalent.
We Have Several Money Delivery Choices for Your Loved Ones in the Philippines
The money transfer delivery choices give you variety when it comes to sending money to your loved ones back home. The delivery choices include:
- Bank Transfer. This is perfect for your loved ones who have their own bank accounts in our partnering banks. We have partnered with the country’s major banks including Banco de Oro (our main bank partner in the Philippines), Metrobank, Bank of the Philippine Islands and Philippine National Bank among others.
- Cash Pickup. When your loved ones need the money urgently for a particular purpose, the cash pickup option might just be the delivery method you can make use of. We have cash pick up locations all over the Philippines.
- Door-to-Door Delivery. For your loved ones who do not have bank accounts and do not have time to go and claim the remittance you have sent, you can choose the door-to-door delivery option. If you are sending money to your loved ones in the metro areas, they will be able to receive the transfer within 6 hours. For areas other than those listed on our page, do expect a 24-hour waiting time.
How to Start Using our Cheap Money Transfer to the Philippines
You need to either have a bank account or a credit card/debit card to facilitate your cheap money transfers to the Philippines. If it is your first time in using our services, you need to create a free account in our website. Fill up the form and wait for verification, and this can be in a matter of minutes.
When you are verified, you can choose to use funds in your bank account to fund your money transfers, but note that this will take up to 3 business days. You can use your credit card too but this can cost you more since there will be additional charges made by your credit card company for the transaction you have made. This is why we recommend that you use your debit card instead. This will cost you less money and less time to process the transaction. For most cases, once you have completed the transaction, your loved ones in Philippines can receive the remittance in minutes.
