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Any advice on best way to send remittance

Discussion in 'Money Matters' started by Ciaran mc manus, Jan 30, 2016.

  1. Emz|Ray❤
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    Emz|Ray❤ Member

    My husband use Transferwise direct to my BDO Account .
    • Useful Useful x 1
  2. John Surrey
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    John Surrey Well-Known Member

    TodaysRates.jpg
    Just checked the rates for today... so 62.35 - looks good compared to Google's 61.62
  3. Jim
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    Jim Well-Known Member Trusted Member

    I use world remit and the fee was only 1 pence, but sent 3k.
  4. John Surrey
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    John Surrey Well-Known Member

    TodaysRatesWU.jpg

    This is Western Union's rate for me.

    So comparing the two, for £1000 with WU you'll get P60,516 and for £1,000 with BPI you'll get P 62,038 - so you're P1,522 (approx. £25) better off using BPI... or similar method.
  5. John Surrey
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    John Surrey Well-Known Member

    World Remit, like some other places, may not charge any fees on foreign exchange... they just take it out of the rate they give you.
  6. Scotschap16
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    Scotschap16 Well-Known Member

    Thanks so much everyone -- as per a ton of really useful info.

    Will consider in greater depth but for now I created a Kabayan Remit account and did a test transfer of £100 straight to Kris's bank account. The rate was 62.4 php and the fee £5 which I'm happy with.

    Kris has had an email from Kabayan's Filipino finance partner (another bank I think) to say the sum has reached her account but it's still showing as "transaction pending" on my account. Perhaps in a few hours the funds will be fully transferred.

    Gerry

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