CHEAP WAY TO SEND $$$ MONTHLY BACK HOME

[calibob 73]

You can call, prompt 2, then 3 for exchange rates and then 2 for Philippines. No human interface. Or you can go to the WF online account site (setting up Express Remittance took 1 1/2 days wait for processing) and just plug in the amount you wish to send to the beneficiary. It will give you the currrent rate, fees, ect and it would be your choice to send it or cancel the transaction. I've used Xoom and this currently is the least expensive. Ultimately the choice will depend upon personal choice and convenience.

Bob

[TravellingNomad 12]

Wow, I didn't realize that WF has a different exchange rate for account-to-account transfers. Thank you.

Can you only get to know that "special" exchange rate by calling (I hate calling any company's CSR and having to wade through all the "Press blah blah blah") or is the "special" exchange rate viewable when you're logged in to your WF online banking account?

Hi Armenia,

if your account is actually set up to do the transfer online, all you have to do is to logon to your account and then go to the process of sending money. before you finalize the transaction, it will bring you to the screen where it tells you what that day's exchange rate is and how much in pesos is gonna be transmitted to your beneficiary. that's what i do whenever i want to get an idea of the exchange rate before sending to my wife.

[teonshine 0]

Hi everyone,

I found the cheapest and best way to send money to my fiancee is direct. I bank with HSBC and since they have branches there all i did was open a savings account here. They gave me an ATM card that i sent to her. I then informed the security at HSBC that the card was going to be use primarily in the Philippines. Then every week i go on line and transfer her money. The best thing is there are no fees, i get the most current exchange, and i can send her a soon as she needs and the ATM's are 24 hrs. just a thought for you it works great for us.