Ways to transfer money to Philippines

Ways to transfer money to Philippines

2022.06.08

Currently, there are many companies and services that specialize in sending money to the Philippines or other countries in the world, where the following services stand out:

 

  1. Transfer money from Japan to the Philippines through Payforex company.

Even though this service has only been around for a few years Payforex has quickly gained market share and consumer trust. Thanks for the following features:

– Convenient money transfer app

  • Quick registration
  • Low transfer fee.
  • Free transfer with value over  ¥700,000

Link to download Payforex app, click here

       2. DCOM. Money Transfer Company.

DCOM is a money transfer service. D.COMMUNICATION, has been licensed by Hokuriku Financial Bureau, Japan money transfer since 2011.

If you want to send money from Japan to the Philippines you can use DCOM in the following ways:

  • FASTEST: direct money transfer via DCOM card
  • EASIEST: send money to the Philippines via the Website or via the phone app.

Website: https://sendmoney.co.jp/fi

3. Sending money to the Philippines via Post or Bank.

This method is a bit roundabout but it is also very effective to send your money safely.

  • Step 1: You must convert Japanese money to USD before you can transfer money through post office or bank.
  • Step 2: After the money is transferred, the recipient just needs to go to the local post office or the current bank account to withdraw the money.
  •  Step 3: The money is transferred to your account or post office when you receive or withdraw you can exchange it in Peso or withdraw USD directly for use.     

 

       4.  Send money to the Philippines through Western Union money transfer service

 One way you can send money from Japan to the Philippines safely and quickly is through Western Union. This is a very reputable international money transfer service, available in many different countries.

Procedures for sending money from Japan to the Philippines via Western Union, you need to follow the following process:

Step 1: You need to go to a Western Union agent or transaction place during office hours to make a transaction.

Step 2: You complete the Western Union (MTAF) information and deposit slip. Then provide Western Union staff with identification documents, along with personal identification numbers (if any).

Step 3: Pay the amount you want to send to the Philippines and the money transfer service fee.

Step 4: You will receive a printed sheet of transaction details along with the money transfer code (MTCN). You will give this code to your recipient and this is what they will give to prove to the bank and for them to get the money you sent.

Step 5: The recipient will check the account or through bank support to confirm that the money has been successfully sent.

Note: Money will be transferred to the recipient’s account within 1-3 days depending on the country and business day. You can register for notifications on your phone so that when money is transferred to your account, you will be notified.

 

Step 6: The recipient in the Philippines needs to go to the bank and declare his / her information according to the voucher form to receive the money. This information includes: deposit amount, sender name, destination country, money transfer code MTCN.  

 

How to send money from Japan to the Philippines via SBI. card

This is a way of transferring money by depositing money in an account in Japan, you can understand that this form is equivalent to the picture by DCOM. However, with SBI with this form, it will take you 1 to 3 days to make the transaction. Note that this company does not operate on public holidays and can only transfer via direct debit card, no transfer or top-up card.

 -They can get your remittance in the Philippines with GCASH, PAYMAYA, GRABPAY, STARPAY, COINS.PH

Some rules for you when you send money using SBI card as follows:

+ An SBI card to send money from Japan to the Philippines can only be sent to 1 recipient. 

 

+ Within a month you can only ship 150 widths can not exceed more.

+ If you do not know how to do this, you can contact the SBI system staff for instructions.

 

 Warning about money transfer to the Philippines through relatives, friends or third-party money transfer.

 

One way of sending money from Japan to the Philippines that some people choose is to send money through relatives or friends. Here is a method that has both advantages and disadvantages as follows:

 

 Advantage:

One advantage when using this method to transfer money, you will find that the amount you transfer will not be subject to a transfer fee. The method of transferring money is very simple and also fast to reach the recipient in the Philippines.

 

 Cons:

If you are not lucky, you may encounter a case of being scammed, leading to loss of money when the recipient is greedy. 

 

Note for you when sending money from Japan to the Philippines through friends or relatives: should choose reliable and close people. In particular, it is not advisable to transfer money through personal intermediaries, although the transfer fee is cheaper than the high risk of being scammed. Care must be taken when choosing a reliable money transfer service.

 

 Conclusion: There are many different ways to transfer money from Japan to the Philippines. Most of you in Japan choose to transfer money through a money transfer service company. It’s both simple and very secure, you can be sure you can use these services to transfer money back and receive your tax return bill at the end of the year if needed!