Ria Money Transfer offer bill payment, mobile top-ups, prepaid debit cards, check cashing, and money orders as well as international transfers, and are popular for having both a strong online presence as well as a wide-reaching number of bricks-and-mortar agent locations to make transfers more accessible. Now, it supports international transfers to over 160 countries with over 435,000 agent locations across the globe. In 2012, Ria official went online and continued to grow rapidly. in 2007, but was first founded in 1987 with the mission of helping people send money to their family back home. The central post office gives guidance on the exchange rates to be used by all the 1,383 postal branches across the country.Ria Money Transfer became a subsidiary of Euronet Worldwide, Inc. The Philippine Postal Corporation (PHLPOST), offers this service to overseas Filipinos in the United States, HongKong, Thailand, the United Arab Emirates, Japan, Brunei Darussalam, Indonesia, Singapore, Korea, Qatar, and Malaysia. For the rest of the 80 provinces including Tawi-Tawi in the south and Batanes in the far north, it takes 1 to 2 days.
If you send the money before 3 pm, delivery takes less than 6 hours to Metro Manila. Xoom offers door-to-door cash delivery services at no additional fee. Sending money to the Philippines using this method is faster and cheaper, about 50% lower in fees than the cash pickup method. Providers like MoneyGram and WorldRemit have partnered with GCash, a leading e-wallet company in the Philippines with a customer base of more than 20 million users and 63,000 partner merchants. Most of these locations operate 24/7.Ĭash pickups are almost instant, especially when you pay for the transfer using a debit or credit card. Xoom, MoneyGram, and Western Union have 10,000+ cash pickup locations across the Philippines. When you send money using this method, your loved ones can pick the transfer up as cash at the nearest location. It also partners with stores such as Palawan Pawnshop and the SM Store. Xoom has nine banks on its payout network. For example, WorldRemit allows you to send to banks such as BDO Private Bank, Metrobank, Philippine National Bank, Land Bank of the Philippines, and Bank of the Philippine Islands. Most MTOs have partnered with banks in the Phillippines to offer this service. This method of money transfer is similar to the interbank transfer except that an MTO comes in between to allow you to move the money faster and cheaper to the recipient’s bank. There are three different ways you can send money through MTOs: bank transfers, cash pickup, door-to-door delivery, and mobile money. Credit card is the most expensive because of provider fees, but it ensures that your transfer gets to your recipient in minutes. You can use a credit card, debit card, or bank debit. There are three options for paying for your transfer online. You can then pay for your transfer online or at a store and send. All you need is to sign up for an account online through the website or mobile app. Sending through these money transfer operators (MTOs) is often faster, cheaper, and more reliable than a traditional bank. Providers such as Wise, XendPay, Western Union, MoneyGram, WorldRemit and Xoom all offer money transfer services as an alternative to the traditional sending methods. When you transfer money from non-partner banks, the transaction fee is a little higher and it may also take longer for your loved ones to receive the money. Metrobank allows you to open a Foreign Currency account that enables you to receive any amount into your account. The top five banks include Banco de Oro (BDO Unibank, Inc.), Metrobank, Bank of the Philippine Islands, Landbank of the Philippines, and Security Bank Corporation. In such a case, it becomes easier to transfer money to the Philippines as you only incur one-way charges. For instance, the Bank of America has several branches in the Philippines. Sending money to the Philippines through the banking system can be cheaper and quicker if the beneficiary bank has branches overseas. Ways to Send Money to the Philippines International Wire Transfer South Georgia and the South Sandwich Islands.
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