Do you send money regularly to the Philippines? If yes, then you are not alone because millions of OFWs send money every day.
If you are the breadwinner of your family and you need to send a regular amount every month to sustain your family back home. If your relatives depend on your “padala” and the money should reach them on time every month. Or if you are just another hard-working OFWs, who thinks that sending money home should not drain your wallet. This article is for you.
Finding the best way to save money on each transfer was a struggle of the past. With fewer options, OFWs resorted to sending money offline through agents, bank transfers, checks, and even through postal drafts.
These establishments had full control over your money. They could charge you a very high fee on each transfer at their will on top of the already high margin on the exchange rates. Today, with the advent of technology, you have wider options at your fingertips. How?
If you have a bank account and have an internet connection, transferring money online is the best way to send money. With digital payment services sprouting everywhere, you now have the full control over your remittances to the Philippines because the power of choice is in your hands. You can decide how to send money, how to pay it, and when the money should reach your beneficiary in the Philippines from the extensive options available today.
Remittance services like Xoom, Remitly, Wise, formerly known as TransferWise, Placid, and InstaReM are some of the best in the market because each and every player claim to have the fastest way to send money. Even Moneygram and Western Union have introduced online services to cater to the changing needs of the overseas workers. Therefore, you will save not only your money, but you will also save time if you send money online.
Mediums of sending money online
Different channels to send money online are through Desktop, Mobile App & Mobile site. If you have a computer or laptop, you can easily send money by visiting the remittance website and book your transaction anytime. The other convenient way of sending money is by downloading the remittance app (iOS or Android, depending on your gadget).
You can send money quickly using your mobile especially if you don’t have a computer at home. If you cannot download the app and you don’t have a computer, you can still send money online by visiting the remittance website using your cellphone/tablet.
Tips to save money on each transfer
5 things you should have before sending money online for the first time
Voila! Now sending money online to the Philippines has become easier for you. CompareRemit offers the easiest, quickest, hassle-free way to compare the services of all the online money transfer services from the US and UK to the Philippines.