The Safest Ways to Send Money to the Philippines
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.
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.
Often sending money online is easiest and quickest way to get money to the Philippines. These services allow you to send money 24/7 from your computer.
Transferring money through a debit or ATM card is another way to get it to the Philippines quickly. If you trust the recipient it is often useful for them to have a bank card linked to your account.
This way the cardholder will have access to your account at all times through a card or PIN number that they could draw cash from an ATM machine with. This method is useful as long as you trust the cardholder.
A pre-paid debit card is another option if you do not want the recipient to have unlimited access to money. The debit card would be used just like an ATM card except that it is loaded with a specific amount of money.
The cardholder will have no access to funds until you have refilled the pre-paid debit card. At this time you could notify the recipient via phone that money has been added to the card.
Another way to send money quickly is by opening an account with a bank that has branches in both the Philippines and the U.S. This will help facilitate easier transfers.
The above ways are some of the safest and quickest ways to transfer 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.
Often sending money online is easiest and quickest way to get money to the Philippines. These services allow you to send money 24/7 from your computer.
Transferring money through a debit or ATM card is another way to get it to the Philippines quickly. If you trust the recipient it is often useful for them to have a bank card linked to your account.
This way the cardholder will have access to your account at all times through a card or PIN number that they could draw cash from an ATM machine with. This method is useful as long as you trust the cardholder.
A pre-paid debit card is another option if you do not want the recipient to have unlimited access to money. The debit card would be used just like an ATM card except that it is loaded with a specific amount of money.
The cardholder will have no access to funds until you have refilled the pre-paid debit card. At this time you could notify the recipient via phone that money has been added to the card.
Another way to send money quickly is by opening an account with a bank that has branches in both the Philippines and the U.S. This will help facilitate easier transfers.
The above ways are some of the safest and quickest ways to transfer money to the Philippines.
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