More Foreign Investments in the Philippines

The Banko Sentral ng Pilipinas, reported an expansion of foreign investments portfolio in the Philippines. Foreign investments in shares of stocks, "hot money,"in the Philippine Stock Exchange reached to a record of 4.18 billion USD as of end of November 20...

PH's Redesigned Bank Notes

Redesigned bank notes were launched today, December 16, by the Bank Sentral ng Pilipinas. There are significant changes in the appearance, design and elements found in the bills. The new bills have upgraded security features that will make it easier to identify fake from the legal money. All six denominations of the Philippine Peso bills have new designs. gman...

Internet Cafes as Remittance Agents?

The internet cafes or computer rental shops around the communities can be seen as remittance agents where beneficiaries may receive remittances from anywhere around the world or send money remittances. Internet cafes provide meaningful services to families who are separated across long distances, through the use of internet-connected computers and devices. Text message exchanges through chat service or video and voice calls from the inside internet cafe's are among the cheaper alternatives of families in the Philippines to stay...

M Lhuilier Partners with Wells Fargo

M Lhuilier and US based Wells Fargo announced their partnership in providing remittance services to US based customers to send money to the Philippines. Filipinos based in the US who send money to their loved ones in the Philippines will benefit from this partnership between two leading service providers. Customers can send up to 1,000 USD a day to their beneficiaries in the PH at a low transaction fee. The beneficiaries can claim their remittance from any of the  M Lhuilier agents distributed across the archipelago. See...

Currency Exchange Dilemma: When to Send Money to the Philippines?

When to send money to the Philippines? The recent strong showing of the local currency, Philippine peso, in currency exchange market brought some fear especially to overseas Filipinos who send money to the Philippines. The value in Philippine Peso of the foreign money they earn was affected creating anxiety to them and their families back home. The same is true to the Philippines' export industry. Some  experts, however say that the electronics industry, which account to probably more than half of the country's exports...

Report: Increase in Remittance Continues to Grow

Remittance to the Philippines is up by 9.8% from the previous year of the same month. This is due to the fact that more Filipinos move outside the country for employment and other opportunities this year. More on this report from Philippine Daily Inquirer. Inquirer News...

List of Acceptable ID (Valid Identification Document) for Bank/Remittance Transactions

In claiming/receiving remittance from banks and transfer agents, they would require the recipient or beneficiary for at least 2 government issued or valid IDs. Below are the common documents that can be used. The list may not be complete and intended only as guide. Some agents may require more than 2 if needed. Make sure the IDs have picture of the owner/bearer and is valid (within the prescribed expiration date). PRIMARY IDS 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19 20. 21. 22. 23. 24. 25. 26. 27. 28.Philippine...

LBC Door-to-Door Foreign Remittance Delivery to the Philippines

LBC the leading courier service provider in the Philippines, through MoneyGram International are offering foreign remittance delivery to a Philippines local address. This is a convenient way to receive money sent to the Philippines form another country. Just make sure the recipient have valid IDs, and the needed information for verification. Visit your MoneyGram International agent, and request for the Door-to-door remittance delivery service to the Philippines. More on sending money to the Philippines through Moneygram International,...

Cebuana Lhuillier, M Lhullier as Remittance Agents

Two of the largest pawnshops chain in the Philippines with the widest access to Filipino households are also remittance agents in partnership with Moneygram. Money sent to the Philippines can be conveniently received through participating outlets of these companies. These are just a few of the many possible ways to receive money sent to the Philippines. The following is a more detailed information on sending money to the Philippines through Moneygram and a convenient tool to locate remittance agents in you locality where...

How Much Peso Does Your Money Convert To

Sending the exact money value in peso to the Philippines can be quite tricky. When sending thru a bank, while your money is "in-transit" it carries certain risk in currency conversion. The time when your transaction was actually processed in the receiving bank in the Philippines will determine your money's worth in Philippine Peso (Php). The same is true with online money transfers, although some service providers guarantee a certain amount of currency conversion. However, you must understand that it is lower than what the banks...

Western Union Locations in the Philippines

Western Union agents are located all around the Philippines, in major cities, even small municipalities where they have tie ups with local banks and small business shops. Search Philippines in the country field, type in any of the following information, street address, city, zip code or an agent's name, click on submit. Western Union is just one of the many ways of receiving money sent to the Philippines. Search results will show agent's names, location and contact information. How to use western union Here's a link to the...

Use International ATM Card to Withdraw Money in the Philippines

Use an ATM machine Like in the U.S. and other countries, ATM machines are just about everywhere in the Philippines. Once you are in the Philippines, you can draw from ATM machines at a local Philippines bank, just as you to in your home country. The funds withdrawn of course will be in the local currency (pesos), not dollars, and there are limitations on the amount which can be withdrawn on each transaction and the total dai...

MoneyGram Philippines Locations

Online tool to find MoneyGram agent location anywhere in the Philippines. Just select "Philippines" in the selection field, and type the city or zip code for a more specific search list of agents' names, phone numbers and their locations. Agent Locator Through MoneyGram International agents is just one of the many other ways of how to receive money sent to the Philippine...

Foreign Telegraphic Bank Transfer (Credit to Account)

One of the safest and inexpensive way of sending money to the Philippines is through telegraphic bank transfer from a foreign bank to a Philippine bank. The basic information you need are the following: (1) Name and Bank Account number of your beneficiary, and (2) Philippine Bank's Swift Code. Your recipient in the Philippines must have an active bank account. Some Philippine banks offer accounts for beneficiaries of foreign remittances that, except for some promotional privileges, are very similar to a regular...