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Thread: sending money to phils

  1. #1
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    sending money to phils

    anyone ever used pay pal to send money to the philippines


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    Yes, bit cheaper than WU, only problem is the 3-5 day wait the other end to withdraw to bank.


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    I tried this method once and for whatever reason ended up with both our accounts being closed with suspected fraud and the money held by paypal for about a month while we went through some process of getting the accounts reactivated and never tried it again. We may have been just unlucky.


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    Moderator Steve.r's Avatar
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    This has been covered many times, hit the search button
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    We always use Western Union to be honest - it only charges £4.90 for ( i think ) up to £200 and gives an exchange rate only 1% below the bank rate - not bad really when you consider the rip off rates in airports and some travel agents.


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    Respected Member LEAHnew's Avatar
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    Quote Originally Posted by Steve.r View Post
    This has been covered many times, hit the search button
    I agree and we don't stop suggesting PNB europe, give you a very good rate and quick transfer

    http://www.pnbeurope.com/Remittance.htm
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    Quote Originally Posted by calvin72 View Post
    We always use Western Union to be honest - it only charges £4.90 for ( i think ) up to £200 and gives an exchange rate only 1% below the bank rate - not bad really when you consider the rip off rates in airports and some travel agents.
    That does not seem that good.

    It's 2.45% plus 1% ( and that also relies on the exchange rate being the inter bank rate, something which is not always so with transfers).

    I am still using the FREE Nationwide CASH CARD, although that is just about to be withdrawn.

    I am fairly sure when it is, we will use a Nationwide DEBIT CARD. That will I believe cost 1% fee and, if the exchange rate is as good as it always has been, it will be just a small fraction of 1% different from inter bank rate.

    An advantage using 'our system' is that I can transfer the sum I want to send, on line, to the account that we use for Phil, and my wife's cousin can immediately draw that amount from a 'VISA' ATM.


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    I just drew some euros, in Spain, on my Nationwide Visa Debit Card.

    Got 1.198 euros to the £1.

    The Bank rates shows 1.208 (so the total cost on £100 was 65 pence)

    And no charges (until Nov when there will be !!! )


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