Advancement in technology has rendered the transfer of money via cash, cheque, money orders, etc. obsolete in the recent times. With the electronic means of transfer in place these traditional modes of money transfer have surely taken a backseat. The new electronic means of transferring the money prove to be of great use whether you need to send funds within the same country or to the people and businesses in another country. Within no time you can transfer any amount of funds from one country to another.
In this article we will discuss about hoe to wire money to Philippines. So if you are planning a big fat holiday in the Philippines or pondering over buying a property there then you need not worry about the mode of payment anymore. We will tell you some low-cost ways to wire money to Philippines. These ways are easy and simple to understand and execute. Let’s get started.
- Wire money to Philippines through the banks
If the receiver has a bank account in Philippines then you can wire money to Philippines via the bank account. You can transfer the funds from your bank account to the recipient’s bank account within a fraction of second. The receiver in the Philippines will get the money and can withdraw from the bank.
- Wire money to Philippines through Instarem
There are a plethora of money transfer companies in every nook and corner of the world. You can also avail the remittance services of one of the best companies Instarem in transferring your money to the intended bank account in the Philippines. Sending funds to anyone in Philippines is easy with these transfer companies. You can send money to any bank account in the Philippines including the following banks, Banco de Oro, Metrobank, Philippine National Bank, Bank of Philippine Islands, etc. You just need the bank name of the receiver, bank code and the account number.
- Wire money to Philippines through Payoneer
This mode of transfer is very convenient for transferring money anywhere in the world. So if you need to wire money to Philippines. This method works instantly and the receiver will get the money in his/her bank account. So the money can be used instantly via the debit card or the after withdrawal from the ATM. It is the easiest and fastest mode of money transfer to any business or individual in the Philippines.
- Wire money to Philippines through TransferWise
This allows you to transfer money to Philippines via new financial company. The costs involved in the process of transfer are very low and the process is quite simple and easy. They work by transferring the money through the local bank accounts thus rendering the process quite simple and cheap. The upfront fee charged for the transactions are also quite low. So if you are looking for a low-cost transfer then this might be the best option for you. You can also use this mode of you have to transfer money to multiple people at a time.
- Wire money to Philippines through PayPal
This mode of transferring money overseas can be quite expensive if you are sending funds to one person. But if you need to send money to many people at a time this is the best way of transferring the money. You just need to upload a spreadsheet and use the MassPay option. PayPal also integrates with other transfer companies to make remittance an easy task all across the world.