When OFWs receive their monthly pay, more often than not they immediately send a portion of it to their family back in the Philippines. Such may be a simple act of giving; however, it goes a long way, considering the high prices in the markets and the ever-increasing monthly charges in bills. There are also those who rely heavily on these monthly allowances for their education, which is why it’s very important to receive it on time. The worst case scenario would be to require cash due to emergency, a circumstance that none would ever want to experience. With these, quickness of the process and transaction is a key feature that all OFWs are looking for when it comes to money remittances. In reality, people want to know what are the actual ways in which one may send money to their loved ones. Here is a list of remittance processes, with the last being the best option:
1. Online Money Transfer
Technology enabled us to stay connected with our loved ones, even if they’re halfway across the globe. Social media is a perfect example of this advancement, which is why our beloved OFWs never feel the same loneliness that they had felt before, as daily video calls and chat conversations make it seem as if their loved ones are just in the next room, waiting for a knock anytime for a warm smile and well-felt embrace. The same may be said for money transfer, as it is easy to send money online with just a few clicks. This is fast and convenient, and depending on your internet connection, they may receive the cash in a few minutes. However, take note that such has a critical con: hackers. Information you put online is at risk due to people who do not have your best interest at heart. When doing online money transfer, hackers may phish for your account information, enabling them to receive the amount rather than your loved one. Such a scary reality that countless people had already gone through.
2. Bank Remittance
Another seemingly convenient way to send money to your loved ones, whether by check or by cash. Yes, banks are well-guarded and contain some of the most advanced money transfer systems as well. The employees are uniformed, signifying their discipline and they are definitely polite during the whole process. While this may seem an almost perfect way to send your cash, take note that such also carry a negative con, one which is most critical when it comes to transactions: time. Banks are usually riddled with long lines, eating away your time. Aside from that, bank remittances may take a few hours to reflect on your loved one’s account, even days if you decide to deposit with a check, and that is time wasted, considering your loved one’s urgent need of the money.
3. Cebuana Lhuiller Pera Padala
One money remittance process that stands out from the rest, Pera Padala is a service that leaves all of the cons behind while adding up to their convenience rating. It is an easy, quick, and safe way to send and receive money. With more than 2,000 branches nationwide and accredited international partners, this money transfer service is made available to clients within and outside the Philippines. All transactions are real time, which enables clients to claim the money as soon as the sender completes the sending process in the branch. The process is even easy:
- Visit any of Cebuana Lhuillier’s international partners and fill out the send form.
- Submit the accomplished form along with a valid ID.
- Give the total amount to be paid to the branch personnel.
- Secure the official receipt or any proof of remittance.
- Provide the reference number to the receiver/beneficiary.
See, it’s that simple!
NOTE: The receiver/beneficiary should provide the control number and present a valid ID when claiming the remittance.
Their International Partners may also be found all around the world, ranging from different regions. All are namely:
Worldwide:
- I-Remit
- Moneygram
- Ria Financial
- Banco de Oro (BDO)
- Bank of Commerce
- Bank of the Philippine Islands (BPI)
- China Bank
- Development Bank of the Philippines (DBP)
- Metrobank
- Philippine National Bank (PNB)
- Rizal Commercial Bank-ing Corporation (RCBC)
- TRANSFAST
- WorldRemit
- Sigue/Travelex
- MyRemit (ABS-CBN)
Europe, Middle East, and Africa:
- Zenj Exchange
- World Com International
- Mondial Bony Services SRL
- Bank Albilad/Enjaz
- Small World Financials
- Al Fuad Exchange
- Al Ghurair
- Onyx Exchange
- XpressMoney
- Instant Cash
- Al Falah Exchange
- Al Fardan Exchange
- Lari Exchange
- Smart Exchange
- uRemit International
- Deniba Exchange
- Federal Exchange
- Wallstreet Exchange Co.
- Optimum Exchange
- Intel Express
- Send Exchange Est.
- G.S. Cashline Ltd.
- Arab Link
- Unilink
- EZ Remit
Asia-Pacific Region:
- BM Express
- Forex World
- Ouryes Corp
- BTI/ Telepadala
- Cebuana Lhuillier HK
- Franki Exchange Co.
- PLDT HK LTD
- CIMB/Speedsend
- International Money Express (IME)
- TML
- Placid Express
- Brunphil
- Kabayan Remittance PTE LTD
- EEC Elite Express
- Metrex
- Ang Pinoy Bakeshop (Entrepinoy)
- WCT Express/Far East Express
- Pinoy Express Hatid Padala
- KEB Hana Bank
- SMJ Teratai
- Tranglo
- BKK Forex
- Toast Me
- Digitel Co. Ltd.
- Japan Remit Finance
- WRTC
- EMQ
US and Canada:
- Family Express
- Kabayan Montreal
- Pinoy Express Foreign Exchange (Teleguam)
- Remitly
- Uniteller/ Wells Fargo
- Xoom
- Viamericas
- Atin Ito Remittance Ltd
- Skycash
- Ipadala Money Transfer
- Filremit
- Lucky Money/LMI Express Delivery Inc.
Overall, this is a perfect chance to choose the most convenient and easiest way to send money to and from abroad, a method that would best work for you and your loved ones across the globe, anytime and literally anywhere. For more inquiries regarding our Pera Padala Service, you may visit your nearest Cebuana Lhuillier branch now – we assure a fast, easy and secure transaction.