Does anyone has a clue how it is possible to send money to Phillipines from the UK ? I would be grateful if you can give a piece of advice.
Does anyone has a clue how it is possible to send money to Phillipines from the UK ? I would be grateful if you can give a piece of advice.
There's plenty of advice on these forums re the costs and mechanics of sending £'s to PI (just do a bit of searching) but remember Rule 1 - Don't send money to someone you haven't met
one of the easy ways is western union but there are lots of other ways too just shop around , could you send some to me
It depends how much you want to send and how regularly. If you are only sending £30 or £40 then Western Union are your easiest option. They'll charge you £4.90 (if the amount is under £50), and skim a few peso's off the official exchange rate, but the money will be ready to collect in the P.I's in about 15 minutes.
If you want to send a large amount, ie, thousands or a regular monthly amount, you'd be better looking at the specialist currency /FX brokers (not your bank or local Travelex). The FX dealers all work slightly differently, some may charge you a small fee per transaction, whilst others may charge you a one off setting up/membership fee. You usually get the best rate of exchange from one of these companies as they only take a minimal skim from the official rate and are sometimes up for a bit of negotiation.
I'm happy to recommend these people, http://www.baydonhillfx.com/ I've been using them for about 5 years on various overseas property transactions and have so far been very happy with the service.
As already stated - Don't send money to a girl you haven't met yet, there are lot's of scammers out there preying on the generosity and sympathies of rich and gullable westerners. Some of the sob stories are very convincing, but don't be taken in.
Use the search, there are lots of threads on sending money. Personally, I use PNB Europe and have an account in my town in Phils and transfer in seconds. Each to their own.
But like has already been stated, use caution, be sure you know who you are sending to, why you are sending it, and proof it is being used for the requested purpose. As Englishman said there are people quite happy to prey on rich, and like me poor westerners!!
If you want your dreams to come true ...... first you have to wake up
Aside from PNB, i also send money thru BPI.
get the same bank as what they have in the philippines
PNB,BPI,HSBC
''Don't be serious..Be Sincere''
just found this one on the web:
http://allmoney.co.uk/Money-transfer...ilippines.html
Looks like reliable company, anyone used their services ? They are quite cheap...
Originally Posted by davao12
Thanks for this info, however, with the collapse recently of one such company, I have tried to check out what insurance guarantee the company have. There is none shown on the web site.
I have emailed them asking that question and also what the total charges are for a transfer. I will report back.
Nice one John
If you want your dreams to come true ...... first you have to wake up
I wouldn't wait up for an answer - they sound like a bunch of shysters operating from an ansaphone and accomodation address. Their Mickey Mouse website shows their e mail contacts as
Support: support{at}allmoney{dot}co{dot}uk
General: info{at}allmoney{dot}co{dot}uk
Management: avet{at}allmoney{dot}co{dot}uk
Why don't you use your contacts in Scotland Yard and get the Money Laundering Squad to check them out ?
That was over a week ago, No reply. I won't be using them.
Did you send your money via these people ?
Dedworth, not yet, I am visiting their offices on Oxford Street tommorow, will let you guys know my thoughts...
Looks like cowboys to me
just search this website, there as been many threads on this topic.
i have learnt to do what my wife says!
QUOTEfrom Englishman 2010 I'm happy to recommend these people, http://www.baydonhillfx.com/ I've been using them for about 5 years on various overseas property transactions and have so far been very happy with the service.
This was why I looked at the company. I have not received any reply so far !!!!!
I have now made the transfer in Pesos by SWIFT, through Nationwide, to BPI, Cost £25 with expected 3 to 5 working days to arrive in RP. I will post what rate I got and details of any other charges.
John, just open a PNB account, here and in PhilsLess hassle, lower cost and instant transfer, job done
If you want your dreams to come true ...... first you have to wake up
Steve thanks but we live in SpainJohn, just open a PNB account, here and in Phils
PNB Global Filipino Remittance Spain, S.A.
Calle Mayor 6-3 - Pta.2, 28013 Madrid, Spain
Tel No.: (0034) 91-532-5021
(0034) 91-532-5462
Fax No.: (0034) 91-532-4992
Email Add.: pnbmad@telefonica.net
http://www.pnb.com.ph/content/view/296/425/
Oh the wonders of the internet.
PNB Global Filipino Remittance Spain, S.A.
Calle Mayor 6-3 - Pta.2, 28013 Madrid, Spain
Tel No.: (0034) 91-532-5021
(0034) 91-532-5462
Fax No.: (0034) 91-532-4992
Email Add.: pnbmad@telefonica.net
http://www.pnb.com.ph/content/view/296/425/
If you want your dreams to come true ...... first you have to wake up
Yep! it's PNB Europe we use, not PNB UK
PNB Global Filipino Remittance Spain, S.A.
Calle Mayor 6-3 - Pta.2, 28013 Madrid, Spain
Tel No.: (0034) 91-532-5021
(0034) 91-532-5462
Fax No.: (0034) 91-532-4992
Email Add.: pnbmad@telefonica.net
http://www.pnb.com.ph/content/view/296/425/
John try to check out this one... www. pnbeurope. eu/bankinremit_Spain.htm
I think this one got cheap charges...my friend from spain used this earthport service before
and its quick.
Thanks for the info.
However, sorry to keep coming back to the same line, but the charges for making a transfer are seldom the main cost. As I described above, the difference in the exchange rate used by Barclay's Bank compared with Nationwide results in an enormous difference in the value of the amount transferred. (£3,500)
I should be grateful if anyone who has used PBN , in Spain (or other MOs they have used) would show the break down of how much they transferred, on what day, what the charge was and what the exchange rate was.
It is only with that info that one can know which MO is best.
Thanks Guys.
John
We use iremit.
The exchange rates are very good.
Service charge OK
Normally we just take cash to Barclays bank and make the deposit, iremit receive immediately (also Barclays). Then phone to iremit to inform them where to transfer the Peso. Next day it's there.
They also do internet transfers, but I've never done it
For UK look here:-
http://www.myiremit.com/uk.php
For Spain look here:-
http://www.myiremit.com/spain.php
me personally i always use western union as it is ready to collect straight away but im sure members here have there own tried & trusted way
Just an up date on this.
On 23.11.10 I sent £13,000, converted into Pesos, from Nationwide to BPI in Phil. It took four working days to arrive.
The Swift charge was £25 and the exchange rate was 69.378. The inter-bank rate on the day was hovering around 69.73. I don't think I would have done better any where else; unless of course you know differently !!!
PNB to PNB is far better John, it goes instantly. Recently I sent over considerably more than that I waited on ther phone and they confirmed it was in Phil, it took seconds and the charge for the amount was £30
If you want your dreams to come true ...... first you have to wake up
The £25 was the charge for any amount.
The main thing in exchange is the rate which one gets. Even a very small difference can make a big difference on a large transfer.
In my case £13,000 the difference between the bank rate (the max anyone or bank can get) was 0.35 of one peso under. But on the transfer that amounted to £63. I am not saying you, but people often do not look at the whole picture.
Why 30.00? I thought it was only 7.50?
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