How to Send Money to the Philippines with Remitly

No matter if you are sending money to yourself or your family, sometimes it might be rather difficult to send that money quickly. Bank transfers take ages, particularly when you are sending different currencies, which is why you may want something that can help solve the problem much faster. In this regard, you might find Remitly transfers to be a rather convenient choice.

What Is Remitly?

Remitly is a money transferring alternative that has become a favorite of internationals all over the world. If you know your banking credentials along with those of your beneficiary, Remitly allows you to transfer money from your bank account into another.

It is an app that was made to help millions of immigrants living all over the world, giving them a quick way to send money back to their families. You may also use it to send that money to yourself if you are temporarily going home and you need to access that money in the Philippines’ currency. It is quite a convenient banking option that is just as useful for the immigrants as Western Union, Visa, and Revolut. 

Can Remitly Send Money to the Philippines?

Among many other countries, for example, India, Remitly may also be used to send money to the Philippines. You may go for bank deposits or cash pickups, depending on which option is more convenient for your recipient. There are more than 10,000 locations where you can make that transfer, which is why you should be careful to choose the one closest to your recipient.

How to Send Money to the Philippines with Remitly

Sending money with Remitly is easy, considering that each step is quite intuitive. Obviously, to send money via Remitly, you will first have to create an account using your email address. From that point on, you should be directed straight to the page from where you can make your delivery – no matter if you want to send that money to Mexico, Africa, or any other country.

1. Set the Amount and Delivery

First things first, you need to determine exactly how much money you want to send. Likely, you will be sending USD – but you may also set for the recipient to receive PHP. You can choose the speed of delivery depending on how much in a hurry you are – but bear in mind, the faster the delivery, the more you will have to pay in fees. You will also get further options for delivering the money, all of which you need to choose accordingly.

2. Add the Recipient Details

Next, you need to add the details of the recipient. First name, last name, phone number, full address – everything that the form requires of you. Make sure that you double-check everything so that you don’t end up accidentally sending that money to someone else. Click “Continue,” and you will be directed to the next page.

3. Add the Sender Details

Here, you need to add your details – as you did with the recipient. Your full name, your telephone, your full address in the U.S. – everything needs to be there. For security purposes, you will also be required to add your birthday.

4. Add the Payment Details

Next, you need to add the payment details. Consider whether you want to pay by debit card or by credit card. Add the payment details, such as the card number and its expiry date, your billing information, and so on. In most cases, everything required will be right in front of you.

5. Confirm and Send the Payment

Review every detail and make sure that you have added everything correctly. If you see any mistakes, just click on “Edit” and work on the part that you want to change. Once you are satisfied with everything you have written there, you can click to transfer. Your recipient will receive the money in a few minutes or a few days, depending on whether you choose express transfer or economy.

Other Ways to Send Money to the Philippines

Aside from Remitly, there are other ways for you to send money into the Philippines. No matter if you are sending it to yourself or your family in the Philippines, here are the options that you may go for.  

Bank Transfer

Bank transfers are some of the most efficient ways to send money into the Philippines, as most banks in the U.S. have a connection with the banks in the Philippines. Plus, if you have bigger deposits to make, this is also a great option. Most online transfers have a limit on the amount of money that you can transfer – something that you can easily go over if you decide to go for a bank transfer.

Write Yourself a Check

Writing yourself a check is a good way to send money to yourself in your Philippines account. You may legally write a check to yourself, and then deposit it into your international account. This check is filled in the same way that you would fill a check for someone else. Once you have that check, go to any bank in the Philippines that allows you to cash out checks.

Send Via PayPal

PayPal is likely one of the most efficient ways to send money in another country – regardless of where you are planning to send that money to. This is why many people prefer this option to bank transfers, as it takes seconds. PayPal is good for business, but for personal transactions as well.

The only condition is for the recipient to also have a PayPal account because that’s where the money will go. From that point on, it is up to the recipient to send it to any card or bank account that they might have.

Use a Third-Party Transfer Service

One more efficient way to make a transfer from the United States into the Philippines is to go for third-party transfer services. This way, you may transfer funds from one account to another, using your current account or pretty much any other bank. Banking language typically calls it a “credit push system,” which means that the transactions may only be originated to remit funds to a beneficiary. However, those third-party transfers may require special documentation, so make sure that you do your research on the entire process. Once you do your homework, you should be all set.

Withdraw from an ATM in the Philippines

If you are already in the Philippines and have your credit or debit card on you, then you may use it to withdraw that money from the ATM. Bear in mind that the ATM needs to have that particular currency – so, if you wish to withdraw dollars, make sure that the ATM has that currency. At the same time, you may look for ATMs that will convert your USD into PHP. Bear in mind that the conversion fees might be quite high.

Final Thoughts

Remitly Philippines transfers represent a very efficient way to send money back home to your loved ones. The transfers are quick, and it is also very easy to use – which means that even if you aren’t an expert in using the Internet, this should not pose too many problems for you.

Frank Gogol

I’m a firm believer that information is the key to financial freedom. On the Stilt Blog, I write about the complex topics — like finance, immigration, and technology — to help immigrants make the most of their lives in the U.S. Our content and brand have been featured in Forbes, TechCrunch, VentureBeat, and more.

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