Xoom to the Philippines
by Mark
(Virginia)
I’ve tried Western Union, but Xoom is by far the fastest and cheapest to send money to the Philippines.
If you have an account or credit card and your girlfriend or wife has an account, either a savings or checking, with BDO or other bank, sending her money is literally one click away.
I have been doing this without a hitch for almost 2 years.
NO I AM NOT AFFILIATED WITH XOOM!!
It works.
A word of caution though, a fee is charged for the service and the Xoom exchange rates are NOT competitive. You will save money if she has a dollar account at her bank and you send her dollars rather than pesos. If she withdraws dollars and exchanges for pesos she will ultimately have more money.
--------------------------------------------------
Comment by: Brett
Hi Mark,
Thanks for the information on sending money to the Philippines using Xoom.
Using Xoom, if you pay with a bank account, ie direct debit from your bank account, the flat fee starts at US$5.99.
If however you pay by credit card or debit card the fees really shoot up, if you are sending US$200 the fee is US$9.99 if you send US$1,000 the fee jumps to US$18.99.
You also get a very poor exchange rate.
So you are right Mark, the exchange rates and fees are from Xoom are definitely not competitive.
Thanks for the information.
Brett