Transferring money to Philippines is not so difficult now
Gone are the days where money transfer seemed to be a tedious task. A few years ago, if asked to express their opinion about sending money to Philippines, a number of people would express that they were highly intimidated by this task. This was because there was only a limited number of service providers in the market and the process of sending money to Philippines would take weeks and sometimes even months to complete.
But times have changed now and so has people’s perception about money transfer to Philippines. Thanks to multiple options in terms of sending money to Philippines the process is now:
Here are a few different channels through which one can send money to Philippines:
Bank transfer method:
Bank transfer method is one of the most reliable methods of sending money to Philippines. Through this method, the sender can simply transfer the money from his bank account to the bank account of the receiver. The money can be received at the receiving end within one to three business days. However, the downside of this method is that both the sender and receiver should have a bank account and the transfer fee is higher when using banks to transfer money.
Bank deposit method:
The other method that involved banks when sending money to Philippines is the bank deposit method. For this method, the sender can deposit the money directly into the account of the receiver. It is not necessary for the sender to have a bank account in this method. This method requires one to three working days for the money to be transferred.
ACE Money Transfer:
ACE Money Transfer is a pioneer service provider when it comes to sending money to Philippines. They offer secure and reliable channels to send money to any part of Philippines. The best thing is the fact that the money transfer becomes highly affordable when using ACE Money Transfer. They offer a commendable exchange rate and yet charge the lowest transfer fee. Thus, the expense of sending money to Philippines is cut down by a significant factor. Moreover, one can send money to Philippines and the receiver will be able to receive it within 24 hours. The transaction is traceable as well.
Online money transfer:
There are many online money transfer applications that allow one to send money to Philippines at the cost of a few clicks only. This method is quick and is certainly highly accessible as one can send money to Philippines through an active internet connection. When using online money transfer applications, one does not need to go to the service provider or visit the bank. However, the only concern with this type of money transfer is security. Sometimes the transaction is not traceable and the ratio of people getting scammed is the highest when using online money transfer applications for the purpose of sending money to Philippines.