These days there are various methods to send money to the Philippines. However, it is hard to select which one to use.

It is easier to send money to the Philippines today compared to ten years ago because there are many companies now offering remittance services. Almost all banks in the Philippines have remittance services that caters to Filipinos working abroad.

Basically, sending money anywhere in the world involves money transaction to the banks or financial institutions. Thus, it is very important that you make it sure that you are dealing with legitimate banks or remittance companies.

Where to Send Money to Philippines?

Sending money or remittance to Philippines from other countries can be done in different ways. You can send money by the following methods.

1. Bank-to-bank wire transfer

Bank-to-bank wire transfer is the most preferred and secure type of sending money to the Philippines. Many people are using this type because it is fast and reliable.

Basically, you apply for remittance to your foreign bank where you are located. There is an application form for remittance where you will put all the details of your bank in the Philippines and the person who will receive the money.

This kind of sending money is like commanding your foreign bank to transfer a certain amount of money to your Philippine bank. Normally, after 2-5 days the money will be added to your bank account.

2. Western Union

Western Union is one of the most convenient way to send money in any part of the world because it has numerous branches around the globe. It is also partnered with most of the banks. You can receive the money from your relatives abroad by getting it directly to the Western Union branch.

One advantage of using Western Union when sending money to the Philippines is that it does not require any bank account. Unlike bank-to-bank wire transfer, you can still send and receive money even you do not have a bank account.

3. Door-to-door money remittance

This type is a classic way of sending and money to the Philippines. In the past decades, door-to-door remittance service is the most commonly used way of remitting money to the country. Until now, many remittance companies still have this service.

Using this way, the recipient will receive the money directly from his door. That is why it is called door-to-door remittance.

4. PayPal

PayPal is an e-commerce business allowing payments and money transfers to be made through the Internet.

PayPal is a safe money transfer service that use the Internet in sending and receiving money anywhere in the world. It is one of the most established online money transfer nowadays.

PayPal partnered with some of the Philippine banks like BPI and Union Bank so it will no be a problem on how to withdraw real cash from your PayPal account.

5. Xoom

Xoom is a global money transfer service. Unlike PayPal, Xoom only has money transfer service, you cannot purchase online using Xoom.

Xoom has many partner companies in the Philippines like domestic banks, money transfer and remittance companies all over the country.

When sending money to the Philippines, choose a bank or money transfer company that is safe and reliable. You have different options in sending money like PayPal, door-to-door remittance service, Xoom, bank-to-bank wire transfer and Western Union.

Gily Tenorio likes writing on personal finance, saving and investing. He likes playing guitar and gardening. He resides in South Korea with his family. For more details on how to Send Money Philippines, feel free to visit Financial Management Articles, for free financial management articles on saving, investing and make money online.