What is the best way to send money to Philippines?
not western union, lbc or moneygram etc I am a student that will be studying in the Philippines soon. I have a parent with a separate Citibank account in the U.S. that automatically has funds transferred there every 2 weeks and is not linked to any automatic withdrawals or anything. Citibank though charges $8 for international transfers and $30 for wires. My question is.... Is there an automatic and cheaper method of sending money from the U.S. to a bank account (BPI,Citi,BDO) in the Philippines with any other company/bank?
Personal Finance - 1 Answers
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You can try Western Union. You can receive the money in less than an hour. They charge minimal fee. However, get the dollar remittance, do not have them convert it to pesos since they have a low exchange rate. Go to any money exchange for the conversion of your dollars to peso. SM Malls have Western Union branches inside the mall and you can exchange your dollars at SM. Just ask the guard where their money changer is inside the department store and supermarket. This way you get your money's worth.
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