Guide on How to Send Money within the Philippines for Free of Cost
Sending or transmitting cash to or within the Philippines is a good business for many entrepreneur. It is the reason why there are lots of companies sprouting that do services in transmitting money or money transfer to or within the Philippines.
If you want to give money to your relatives away from you, you have the choice to come to a remittance company or any money transfer companies. In this manner, these companies earn a profit from the fee they charged to their clients when they transmit money.
When transferring money, choose a company which is trustworthy and reliable. It should be safe and fast in transmitting your money to your family even anywhere in the Philippines.
Any transactions for transferring or remitting money to or within the Philippines will be charged with a remittance fee, it is not without charge. The cost depends on the amount of money you will remit, fee will be bigger for higher amount of money you will transfer. It is not really beneficial for the clients since you will pay money.
On the other hand, if you like to remit money to any place in the Philippines for free, you should have first a BPI savings account. If you already have a BPI savings account, you can open for a BPI Express Money Order (EMO) Card or BPI Express Cash (EC) card. These two cards are much similar as an ATM card but it is not a bank or savings account.
You can only have that cards if you have a BPI savings account and you will enroll for that cards. If you regularly send money to your relatives, BPI Express Money Order card is a good choice. You should enroll a card for your relatives with their names placed on the card. This card is only for remitting or transmitting money from your savings account to the card. You cannot use it to purchase goods in the shopping center or department store.
BPI Express Cash card can be used to send money and purchasing things in the malls or department stores. It functions like a debit card.
BPI just cost P100 for the application fee of either of the two cards with expiration up to four years.
If you want to remit or send money without cost to your relatives, you must consider having a BPI savings account and enrolling for Express Money Order or Express cash card. Just 10 cards will be allowed per each person.
Gil Tenorio like blogging on personal finance, saving and investing. He resides in Korea with his family. To get more details on how to Send Money to Philippines, please go Financial Management site, for quality articles on saving, investment and earn money online.
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