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Want To Send Money? Use These Effective and Safe Options!

a person holding Philippine peso bills and taking advantage of the best ways to send money



Adults have the common financial responsibility of transferring money to separate personal accounts or other individuals. This is being done to pay for basic needs, splurge on wants, or surprise a loved one, among other reasons.


Since it must be done often, it is best to increase your knowledge of the best ways to send money so you can choose from all the options available. Cebuana Lhuillier has compiled a list of safe and effective methods you can consider to transfer cash both locally and internationally.


Why Do People Send Money? 


Remitting money is such a common occurrence that the United Nations estimates about a billion people worldwide engage in money remittance, whether they are sending or receiving it. This is not surprising since people send cash for a wide variety of reasons. Here are some common examples:


For Bills 


What is one of the first things you do when your paycheck comes? For most people, it is to pay a list of monthly bills. These include utilities, such as electric and water bills, academic fees, housing fees, insurance, and loans.


In order to pay for these bills, people send money to their families or dedicated platforms using their bank accounts and digital wallets. Depending on the platform, users can get special cashback deals to save on their monthly payments.


For Shopping Purposes 


People also send money to pay for various items they buy in stores or online. This could be for essentials or investments, such as appliances, clothes, groceries, and gadgets.


Aside from those, the funds can be used for wants and hobbies, like art supplies, books, and streaming subscriptions. Especially with the rise of online shopping via e-commerce sites, people usually transfer money from their bank accounts to the e-commerce site’s digital wallet to purchase goods while taking advantage of special deals and discounts.


For Their Loved Ones 


Filipino families are typically tight-knit, and one way they show their affection is through gift-giving. It is common for a family member to send money as a gift for their loved one’s birthday or other special occasions like Christmas.


Additionally, overseas Filipino workers (OFWs) send money to their loved ones back home to provide for them even while abroad. This is arguably the most common reason people send money internationally.


Different Ways To Send Money Locally and Internationally 


With the continuous advancement of technology, there are now different ways to transfer money. There is no perfect method, as choosing the best way to send money will depend on your needs and preferences. That is why you must be discerning what      method is ideal for you.


To know more about your options, here’s a list of the ways you can send money both locally and internationally:


Deposit at Physical Banks 


The traditional way of sending money is by going to a bank in person to make a deposit. When you get to the bank, you must fill out a deposit slip with essential details, such as account name, account number, and the amount to be deposited. Once done, you can proceed to the counter to complete the transaction.


Meanwhile, you can utilize cash deposit machines (CDMs), so you don’t have to enter your bank branch and line up. CDMs resemble automated teller machines (ATMs), except they enable users to deposit cash into an account instead of withdrawing money.


Send Cash Through Financial Institutions 


Another way to transfer money is through financial institutions that offer money remittance services. For instance, with Cebuana’s Pera Padala service, you can easily send money to others within the Philippines or someone in another country.


For domestic remittance, head to any of Cebuana’s branches and fill out the Pera Padala form. Present the filled out form, a valid ID, and the amount you wish to send to the branch personnel. Then, get your Pera Padala form and give the 10-digit control number to the recipient.


The process is the same for international remittances. However, if you currently reside in another country, visit one of Cebuana’s international partners instead.


Use Online Banking Applications 


Online banking apps are one of the best ways to transfer money between banks since account holders no longer need to visit the bank physically and line up. Once you have enrolled in your bank’s online banking service, you can simply download the bank’s app and follow the instructions to send money to another account.


With the eCebuana app, you can instantly send money online with just a few taps. Users have three money transfer options within the app:


  1. Transfer money from your Micro Savings account to another Micro Savings account.
  2. Have the money picked up at any Cebuana Lhuillier branch (with 20% less on fees).
  3. Transfer money to other banks through Instapay.


Utilize Wire Transfers 


A wire transfer is a way to send money electronically from one account to another and is usually used for international money transfers. Thus, no physical cash is exchanged in the transaction. Instead, the sender provides their bank with details of the person receiving the money, such as the recipient’s name, account number, and bank information.


This information is then forwarded to the recipient’s bank, which then transfers money from its own funds into the recipient’s account. Once deposited, both banks involved in the wire transfer settle the payment between them.


Through Bank Checks 


Another way to transfer money to another account is through bank checks. The payor is the one writing the check, while the payee is the person for whom the check is written. Once the payee receives the check from the payor, they can visit the bank to have the amount cashed or deposited to their account.


Checks are still commonly used for a variety of purposes, such as to receive payroll from an employer or pay rent to a landlord.




Knowing the best ways to send money allows you to broaden your options whenever you need to transfer funds to yourself or another person. Whether you want to instantly transfer money online or prefer the more traditional in-person method, the important thing is you accomplish your transaction successfully and safely.


With Cebuana Lhuillier’s eCebuana app and Pera Padala service, you can rest easy knowing your money is safe and will reach its intended recipients as quickly as possible. If you have any questions about our money transfer services, don’t hesitate to contact us or visit any of our branches nationwide. We look forward to hearing from you!