The Safest Ways to Send Money to the Philippines
The cost, security and amount of time it takes to send money to the Philippines varies depending on what kind of service you use. Here is some information on the fastest and safest ways to send money to the Philippines.
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.
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.
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 way to guarantee a quick transfer of money to the Philippines is ensuring the recipient has an ATM or debit card. If the recipient is someone trusted, it's often useful for them to have a bank card linked to your checking or savings 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 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.
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.
The above steps are some of the ways that will help ensure that money arrives quickly when you need it and in the safest way possible.
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.
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.
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 way to guarantee a quick transfer of money to the Philippines is ensuring the recipient has an ATM or debit card. If the recipient is someone trusted, it's often useful for them to have a bank card linked to your checking or savings 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 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.
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.
The above steps are some of the ways that will help ensure that money arrives quickly when you need it and in the safest way possible.
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