When sending money to the Philippines, there are a variety of options of how to ensure your money gets there quickly and safely.
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.
When remittances to the Philippines are processed through on-line/real-time facilities such as ATM Cash, the money is made available to the recipient in the Philippines virtually instantaneously since the credit to his/her deposit account is posted in real time.
Often sending money online is easiest and quickest way to get money to the Philippines. These services allow you to send money 24/7 from your computer.
Another quick way of transferring money is through a debit or ATM card. If you are sending money to a family member it is often helpful to have a bank card that is linked back to your checking 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.
If you do not want the recipient to have full access to your account, a pre-paid debit card could be a good alternative. It is used just like an ATM card but with a specific amount of money available for withdrawal.
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 get money there fast is by opening a bank account with a bank that has branches in both the U.S. and the Philippines to ensure easier transfers.
The above steps are some of the ways that will help ensure that money arrives quickly when you need it and in the safest way possible.
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