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Money Remittance Tips for OFWs


As an OFW, a modern hero of the Filipino society, you are entitled to honor your family by providing all of their needs and wants. You sacrifice homesickness for the sake of giving them a better life, even risking your own health at times, just to work countless hours for extra pay. In spite of all these hardships, your fatigue is dissolved and your energy is rejuvenated every time you hear their cheerful thanks, due to your recent money remittances towards the Philippines. Money transactions may look simple and totally risk-free. However, you must also be aware that there are people who do not have your best interest at heart. In this case, you must always be careful and knowledgeable when it comes to money remittances. Here are just a few factors to consider when sending money to your loved ones in the Philippines:

1. Avoid sending money through postal service.

Never go for a very outdated procedure, just to save on service fees. Depending on the remittance agent, the fee may range from two to three digits. Nonetheless, some would prefer to send their financials via post or snail mail in order to save. It is unsafe and should be avoided at all cost, not to mention, takes a much longer time to reach your loved ones.

2. Put into consideration the foreign exchange rates before every transaction.

Always remember that the amount you’re sending would equal to a much bigger amount when it reaches the local remittance outlets, however, you must also time your transactions, in terms of following the foreign exchange values. A dollar that amounts to 49 Pesos today may be equal to 45 Pesos tomorrow. Study the ever-changing patterns to ensure that your loved ones back in the Philippines would receive a much bigger value.


3. Use technology at your advantage.

You may now transfer money using just your smartphone (of course, you got to have a wi-fi or data connection). There are certain apps that allow you send money with just a few clicks. Avoid long lines and send the amount on time.

4. Choose a well-known remittance center.

Some remittance center offers a low service charge for the transaction, but holds the risk of a non-secured transaction. It is much better to deal with a reputable agent to avoid any hassles or possible scam in the long run. Your loved ones would be waiting for your money transfers, ensure that they would receive it and not some unknown stranger.

Speaking of well-known remittance centers, you are ready to send your hard-earned money to your family back at home; however, you are still undecided as to which remitting center you should transact with. Well no need to look any further, with Cebuana Lhuillier’s Pera Padala Service, you are ensured an easy, quick, and safe way to send and receive money. With more than 2,200 branches nationwide and accredited international partners, this money transfer service is made available to clients within and outside the Philippines. Transactions are real time, which enables clients to claim the money as soon as the sender completes the sending process in the branch. So what are you waiting for? Visit your nearest Cebuana Lhuillier branch now – we assure a fast, easy and secure transaction.

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