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Saturday, January 31, 2009

Tips on Sending Money to the Philippines

By Chloe Banks

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.

When sending money to the Philippines it is important to know all your options so that if an emergency does come up you can transfer money quickly.

When transferring money online through an on-line or real-time facility such as ATM Cash, the money can be available for the recipient almost instantly.

Often sending money online is easiest and quickest way to get money to the Philippines. These services allow you to send money 24/7 from your computer.

Transferring money through a debit or ATM card is another way to get it to the Philippines quickly. If you trust the recipient it is often useful for them to have a bank card linked to your account.

As long as you are comfortable with the cardholder having access to your account at all times, they could have a card and PIN number so that they could have access to cash through an ATM machine.

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 recipient will have access to funds after you refill the card. At this time you would just have to let them know that money has been added to the debit card.

Another way to send money quickly is by opening an account with a bank that has branches in both the Philippines and the U.S. This will help facilitate easier transfers.

These are some of the options of transferring money to the Philippines to ensure quick and safe delivery.

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