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Sunday, February 1, 2009

Tips on Sending Money to the Philippines

By Chloe Banks

There are several ways to send money to the Philippines. The amount of time it takes, along with cost and level of security vary for each service.

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.

A good way to make quick payments is through an on-line service such as ATM Cash. The money is then available 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.

Another quick way of transferring money is through a debit or ATM card. If you are sending money to a family member it is often helpful to have a bank card that is linked back to your checking 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.

A pre-paid debit card is another option if you do not want the recipient to have unlimited access to money. The debit card would be used just like an ATM card except that it is loaded with a specific amount of money.

The cardholder will have no access to funds until you have refilled the pre-paid debit card. At this time you could notify the recipient via phone that money has been added to the card.

Another way to get money there fast is by opening a bank account with a bank that has branches in both the U.S. and the Philippines to ensure easier transfers.

The above ways are some of the safest and quickest ways to transfer money to the Philippines.

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