Best way to send $2000

[th and jv 3]

.... yes.... talking thru experience, xoom is my number one choice.....

.... you will be required for a security or pass code which you relay to your fiance ....

.... xoom will also email her once ready to be taken out....

.... only takes minutes .... try not to do it weekends or non banking hours / days ....

.... specially when you do it online (thru bank) ....\

.... they will have to verify from the bank.. well, that happened only once in my case..

.... just make sure, for added security, to get it from a bank (my case BDO) ....

.... if she is a depositor of the bank, no need for IDs ....

.... if not, prepare 2 valid ones (i.e. passport, drivers license, postal ID, etc.) ....

.... suggest you ask xoom for dollar out (your fiance receives it in dollar) ...

.... the foreign exchange outside bank will have a higher rate ....

.... just observe extra precaution ....

[∞♥ 17]

.... yes.... talking thru experience, xoom is my number one choice.....

.... you will be required for a security or pass code which you relay to your fiance ....

.... xoom will also email her once ready to be taken out....

.... only takes minutes .... try not to do it weekends or non banking hours / days ....

.... specially when you do it online (thru bank) ....\

.... they will have to verify from the bank.. well, that happened only once in my case..

.... just make sure, for added security, to get it from a bank (my case BDO) ....

.... if she is a depositor of the bank, no need for IDs ....

.... if not, prepare 2 valid ones (i.e. passport, drivers license, postal ID, etc.) ....

.... suggest you ask xoom for dollar out (your fiance receives it in dollar) ...

.... the foreign exchange outside bank will have a higher rate ....

.... just observe extra precaution ....

Thanks!

[Darnell 8,478]

does xoom still do PI? They pulled out of China..

IMO, the best way is WU, at a WU retailer, face to face. Fee less than 30 bucks.

Do it online? pay over 100 in fees.

Edited July 4, 2011 by Darnell

[th and jv 3]

... also, just to share ....

... a bank charge of at least P250(approx) PER TRANSACTION is being charged when withdrawing from a US bank account thru Phil. ATMs....

[∞♥ 17]

does xoom still do PI? They pulled out of China..

IMO, the best way is WU, at a WU retailer, face to face. Fee less than 30 bucks.

Do it online? pay over 100 in fees.

Yeah, the still do transactions to the Philippines.

WU cost me $12 a transaction. Would really like that she had a bank account, but they require you to have so much in the account or you get penalized...it's looking like Xoom or WU is the only options I've got.

Thanks!

[th and jv 3]

... im not from BDO ....

... just sharing my experience ....

... a BDO dollar account referred to something like "balikbayan account", will just require depositors for a minimum maintaining balance of ONE DOLLAR.... you just have to have at least one transaction a year (or maybe 2!!! not so sure tho ) to make it active.....

... this may help somebody out there.....

Yeah, the still do transactions to the Philippines.

WU cost me $12 a transaction. Would really like that she had a bank account, but they require you to have so much in the account or you get penalized...it's looking like Xoom or WU is the only options I've got.

Thanks!

[th and jv 3]

here's the link....

http://www.bdo.com.ph/Personal/FinancialServices/Remittance/AsensoKabayanProgram.asp

... i repeat, this is just thru my experience....

... suggest others share their experiences so we may pick the best for us independently

and.... not balikbayan account.....

.... its kabayan account .....

Edited July 4, 2011 by th and jv

[∞♥ 17]

... im not from BDO ....

... just sharing my experience ....

... a BDO dollar account referred to something like "balikbayan account", will just require depositors for a minimum maintaining balance of ONE DOLLAR.... you just have to have at least one transaction a year (or maybe 2!!! not so sure tho ) to make it active.....

... this may help somebody out there.....

When I checked into this a while back, I thought it said the minimum balance was like $200 or something like 5-10k Pesos...I might have read it wrong or looked at the wrong type of account.

Thanks for the link!

[th and jv 3]

... my basic knowledge is, for a dollar account, initial deposit (just to open) is $100..

... no maintaining balance required, as per their website.... (well, maybe practical to leave a dollar if one has no intention of closing it!!)..

... just make sure to have at least one transaction (deposit or withdrawal) a year...

... happy to share ....

When I checked into this a while back, I thought it said the minimum balance was like $200 or something like 5-10k Pesos...I might have read it wrong or looked at the wrong type of account.

Thanks for the link!

[Trey7Sarah 0]

Yeah hands down, Xoom has worked the best for us for sending money. It takes seconds and is most convenient. They no longer require that my fiancee remembers a security code. We have tried the other ways of sending money and they were just a pain and time consuming. With Xoom, use your bank account versus a credit card because its most efficient and cheaper. We love it!

[SuperDuper! 230]

Yes, I checked out xoom before, but my fiancee only had 1 of the forms of ID required...so I don't think that will work...unless she set up a bank account.

Xoom allows one form of ID if you include a "secret word" for the recipient to say at time of receiving the money.

Did I read correctly that people send cash money thru FedEx? That is absurd, risky and sounds borderline illegal.

[∞♥ 17]

Xoom allows one form of ID if you include a "secret word" for the recipient to say at time of receiving the money.

Cool, Thanks!

[SuperDuper! 230]

Cool, Thanks!

And dont just take my word for it. Double check the Xoom procedures again. You will see the box where you enter the secret word for the recipient to repeat. It will say this procedure permits just one form of acceptable ID.

Xoom rocks over expensive WU.

[uverseman 5]

... im not from BDO ....

... just sharing my experience ....

... a BDO dollar account referred to something like "balikbayan account", will just require depositors for a minimum maintaining balance of ONE DOLLAR.... you just have to have at least one transaction a year (or maybe 2!!! not so sure tho ) to make it active.....

... this may help somebody out there.....

This is very true. My fiancee and I have a joint savings at BDO and i send from xoom all the time to that account. It has gotten as low as 100 pesos with no charges to her. She just gets it with the ATM when she uses it, no problem.

[uverseman 5]

When I checked into this a while back, I thought it said the minimum balance was like $200 or something like 5-10k Pesos...I might have read it wrong or looked at the wrong type of account.

Thanks for the link!

Our initial account was opened with 100 pesos. After i returned to USA i have been sending small amounts of 200-600 at a time. Sometimes as high as 125,000p, sometimes as low as 100p.