Transferring money to Phillippines

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  1. #1

    Join Date
    Jan 2009
    Posts
    26

    Transferring money to Phillippines

    Hi All,

    I need to transfer a relatively large sum to an account in the Phils. Regarding exchange rates, should I make the trek to World Wide House as our helper suggests, or are banks usually better options (HSBC/SC/WU)? Suggestions much appreciated.


  2. #2

    Join Date
    Dec 2006
    Location
    Tsuen Wan
    Posts
    929

    Try to search for i-remit Hongkong in fb, been using them for many years now, also tried hsbc bank to bank but rate is lower with higher fees
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  3. #3

    Join Date
    Aug 2018
    Posts
    39

    Wise.com

    I use it regularly for small to medium amounts


  4. #4

    Join Date
    Jan 2009
    Posts
    26

    Will check them out, thanks for the suggestions!


  5. #5

    The responses in https://geoexpat.com/forum/40/thread356047.html are still relevant too.

    I regularly remit to my hometown using AlipayHK / WeChat -> PH bank, arrives within 20 mins, better rates than most services and fixed fee of HKD 15/20. The only problem is the amount limit, around ~9000 HKD per month.


  6. #6

    Join Date
    Sep 2005
    Location
    DB
    Posts
    11

    NO BANKS

    Do not use international banks for the transfer as the exchange rate is Awful. Worldwide has always been good for us, but beware if you send large sums of money you need to show proof of where the money came from as they are always looking for money laundering scams.


  7. #7

    Join Date
    Nov 2014
    Posts
    12

    Wise.com

    Try Wise.com: This might work for the Philippines too...it did for me to send to Malaysia, with very reasonable rate and cost