Jump to content
Sign in to follow this  
tarunsonthalia

Sending money back home

Recommended Posts

Hello,

I'm from India. I'll be settling in Philippines over the next 1.5-2 years. I have a family back in India. I wanted to know which would be the best way to send money back home? I tried to look through the web, but couldn't find anything significant. Can someone help me out please.

Thank You
 

Share this post


Link to post
Share on other sites

Welcome to the forum. I would think any of the major remittance services would work in your case. 

Share this post


Link to post
Share on other sites
19 minutes ago, tarunsonthalia said:

Hello,

Welcome.jpg :thumbsup:

Share this post


Link to post
Share on other sites

Most remittance services will send to India, Western Union has India on their list for transfer out of the Philippines. I am not sure but you may be limited to P50000 at a time without BSP (Central Bank of the Philippines)  approval assuming this new law is still efective

Quote from 2016

Quote

“A person may import or export, or bring with him into or take out of the country, or electronically transfer, legal tender Philippine notes and coins, checks, money order and other bills of exchange drawn in pesos against banks operating in the Philippines in an amount not exceeding P50,000 without prior authorization from the BSP,” Aquino said.

Source, http://www.philstar.com/business/2016/08/27/1617514/travelers-now-allowed-bring-out-p50k

Share this post


Link to post
Share on other sites
This thread is quite old. Please consider starting a new thread rather than reviving this one.

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

×
×
  • Create New...