Compare Remittance Costs
Some remittance providers will charge you 10% or more to send your hard earned money from working abroad home to the Philippines. They do this through fees but also exchange rates which makes it difficult to compare. Here we collect relevant links to help you find the best deal in a breeze. If you have additional suggestions, please just post a comment and we will include!
Price comparison for traditional remittance providers by World Bank. World Bank compiles a quite comprehensive list of remittance options for most popular destinations. Check different providers for your host country:
Remittance websites have started to offer a cheaper alternative to banks or remittance offices
Transferwise allows you to remit from Europe and US. Company is backed by Virgin’s boss Richard Branson
Remitly is focused on US – Philippines remittances
Probably cheapest option right now is to send money via bitcoin. Cuts out the middlemen, so fees are very low. Not familiar with bitcoin? These links get you started: Wikihow on bitcoins, Bitcoins – getting started
Coins.ph enables more than 30 different cash out options in Philippines, including card-less ATM withdrawal and mobile load
Rebit.ph completely focuses on remittance via bitcoin and has tips where to buy them in your host country.
Abra allows you remit and receive cash through a nifty app. You could even have a sideline and become one of their “Tellers”