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Lowest cost options for sending $1-2K USD to the Philippines


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On 8/26/2021 at 5:19 AM, Balisidar said:

I usually use transfer wise or wise as they're known now.

Never had any problems with that amount using them.  Low fees and also getting lower.

Wow....wished had heard of them earlier, always been using Orbit Remit.  Signed up with Wise, made a transfer  and received funds same day. Rate considerably better than orbit....hind site.......if only.

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On 8/26/2021 at 5:19 AM, Balisidar said:

I usually use transfer wise or wise as they're known now.

Never had any problems with that amount using them.  Low fees and also getting lower.

(Trasfer)wise is the best in terms of cross-currency rates and costs, but there is a catch: the receiver must have a bank account. Many of the poorer Filipinos are unbanked.

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13 hours ago, RBM said:

Wow....wished had heard of them earlier, always been using Orbit Remit.  Signed up with Wise, made a transfer  and received funds same day. Rate considerably better than orbit....hind site.......if only.

Transferwise has been mentioned on this forum for years in different topics. Surprised you have not heard of them. 

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9 hours ago, Jollygoodfellow said:

Transferwise has been mentioned on this forum for years in different topics. Surprised you have not heard of them. 

Yes how ever never checked on it as orbit remit offered such a wonderful service and seem to have Kiwi market pretty much sown up.

From first peep at wise it seems one is able open an account in any currency. This could be an advantage if I go the route of retirement visa as transferring from a NZ bank is rather a rip off, fees and rates are shocking.

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