Safe, Fast and Reliable Remittance from the US through Wells Fargo and BPI

If you are in North America, just visit a Wells Fargo branch and enroll your relative's BPI or BPI Direct account. This will allow you to send funds straight to their BPI account in the Philippines. There is also an option where your recipient in the Philippines may pick up money at any BPI or BPI Family Savings Bank branch. The sender just needs to provide the beneficiary's name and full address, these information must exactly match the BPI account records or the valid I.D.s of the beneficiary. Wells Fargo will then create the remittance details to ensure money is sent quickly and securely. Through credit-to-account, Wells Fargo will complete a one-time verification of the details, after which subsequent remittances will be sent as soon as the same day. If through Cash Pick-up, money will be sent on the same day, however the remitter has to provide the beneficiary the 16-digit reference number issued by Wells Fargo, which the beneficiary needs to present along with proper I.D.s when claiming the remittance.

AlertPay Online Money Transfers

Online money transfers have become a way of sending and receiving money for people who spend a lot of time on the internet. Popular choices are the use of Paypal or AlertPay. Online transfers are fast, reliable and safe. To send money, you may use your account balance, transfer money from existing bank account or even you credit card. You can even send money in your local currency and your receiver will receive the money in another currency. When you receive money from someone using the same online payment company, you'll receive in the form of account balance that you can change to cash through your local remittance company, transfer to a local bank or use as payment for online purchases. 


Best of all joining to these services are free.
Send and Receive money through Paypal
Send and Receive money online with AlertPay Today

LBC Online Services

LBC, one of the country's biggest remittance and courier service providers offer online services to its customers. Status of remittance can be tracked online through their website http://www.lbcexpress.com/ as well as contact them through their facebook and twitter accounts.

Japanese Yen Near to Record High vs Other Major Currencies

The Japanese Yen has always been a stable foreign currency. Even immediately after the earthquake, tsunami, and scare of radiation from the 'meltdown' of nuclear facilities, the Japanese Yen still showed signs of stability. Short term, this is good for Filipinos coming home from Japan who wanted to start anew leaving their painful experiences in Japan.Their Japanese Yen with near record high values, should sell favorably vs Philippine Peso.

Remittance At All Time High in 2010

BSP reported that remittances to the country reached a record of close to 19 Billion USD in 2010.

PDI News

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 2010.

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.

gmanews

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 connected abroad. Next time you or any of your loved ones visit an internet cafe in Philippines, you may want to see if they provide remittance services, which may turn out to be your next remittance partner.