If you need to remit money to the Philippines you will realise that there are a number of options available.
While these could appear to be somewhat overwhelming when you first look into the ways to remit money to the Philippines, it is really just a matter of working out which method is best for your situation.
If you are sending money to a bank account in the Philippines, perhaps the Asia United Bank or the Philippine Bank of Communications, you can use a bank in your country of residence to send money to the Philippines this way.
While this comes with the advantage of being quite convenient, you could find that you are paying unnecessarily high fees for the privilege.
This is because banks often offer a poor rate of currency exchange in addition to a high per-transfer fee, eating into the amount of money you can send to the Philippines.
Alternatively you could consider using a Money Sending Bureau. These are found on high streets around the world and tend to offer a quick and easy way to send money to the Philippines.
But again, this comes at a cost. These bureaus are usually poorly regulated and will incur high fees as high as ten to 15 per cent of each transfer, making them particularly poor for regular transfers.
Your third option is a foreign exchange broker, such as RationalFX. Choosing this way to send money to the Philippines will save you money. You will receive a very competitive rate of currency exchange, but in addition to this, RationalFX charges only low fees to remit money to the Philippines.
If you want to make use of this service, why not open an online account with RationalFX today? You can see the actual rates of currency exchange available at the moment and find out exactly how much it will cost you to remit money to the Philippines.