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Saturday, January 31, 2009

How to Send 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.

This is often the easiest and fastest way to send money to your loved ones in the Philippines. And you can make a transfer 24/7 from your computer.

Another way to guarantee a quick transfer of money to the Philippines is ensuring the recipient has an ATM or debit card. If the recipient is someone trusted, it's often useful for them to have a bank card linked to your checking or savings account.

This way the cardholder will have access to your account at all times through a card or PIN number that they could draw cash from an ATM machine with. This method is useful as long as you trust the cardholder.

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 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.

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

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