How do I transfer money into the Philippines?

Although there are many ways to get money into the Philippines, there are only a few that my clients have tried, and that I can recommend.

1: ATM Withdrawal

Pros

• Fast & easy  (there are ATMs everywhere)
• No need to open a Philippine bank account

Cons

• ATM Fees
• Limited amounts daily

Business Account --> Option 1

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2. Bring it with you on the Plane

You are allowed to bring up to $9,999 into the Philippines (per family) without declaring anything.  Note, that it is not per person, but per family (customs form filled out).  If you are traveling with a family member (not spouse or children)

Philippine branches in Philippines only Business.  1-888-287-4637 --> Option 1

Outside the bank transfer $25 one-time fee.  Personal --> Business $25

International to outside Bank is $45 International Bank $45 (Wire Transfer)

Personal --> Personal $45 outside BoA

Personal --> Personal w/in BoA (free)  (PH has no Personal Accounts)

2. Western Union

• $10k or more at a time - Must use a Western Union foreign exchange service (more fees). 
  • Note it's cheaper to go to the Western Union office than to do it online.
• PayPal up to $10k limit. (recommended method)
  • We help you setup a PH bank account to transfer into (recommended)
  • or we can hold it in our Escrow bank account (last resort only)
   

3. RemitHome

4. Bank Wire