Remittance Account

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  • 1 Post By JRB__NW

Remittance Account


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Old 24th September 2015, 12:48 PM
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Default Remittance Account

There is a bank that offers remittance to the Philippines. Whereas, an option is either cash or deposited to a Philippine bank. Has anyone ever used this option to get cash? I'm thinking of starting an account where my spouse (an American) or my cousin is the receiver. I will be the one sending the funds from my existing U S account.

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Old 24th September 2015, 12:55 PM
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I use Wells Fargo Express Transfer for that. They only charge $5 per transfer regardless of amount sent. Only used to deposit into a bank account here, not cash.
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Last edited by JRB__NW; 24th September 2015 at 12:58 PM.
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Old 24th September 2015, 02:19 PM
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I also use WFB to transfer money to me and pick up at BPI.

Very easy to use.

JM101

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Old 24th September 2015, 11:43 PM
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You send the money to yourself as the beneficiary?

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Old 25th September 2015, 12:36 AM
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Quote:
Originally Posted by Nannetteph View Post
You send the money to yourself as the beneficiary?
That is correct. Best for the lowest cost really is to use a company call Xoom there in the states. Simply send different amounts to yourself in advance of your trip. Quick, easy, simple..

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Old 25th September 2015, 12:49 AM
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I also use Xoom. Faster. Cheaper. And the remittance can be picked up at banks and SM malls.

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