SORRY! I know this is oft-repeated question but I have not found anything recent (aka last year or so). Most of you know that Joan and I are moving to the Philippines when I retire next year (I just posted some replies to someone else who is thinking about the same thing!) Our house(s) (duplex) are moving along beautifully and on schedule (and have already survived two earthquakes and a typhoon, so we got lucky and found a terrific architect/builder.) We are scheduled to start paying for the second half of the project next month--which is a hunk of change even spread over ten month. We stand to save a lot of money with the current and projected exchange rates and we want to get the best we can. So, here is the oft-asked question: Who do you use (now) to send money? We have used:
Xoom--stupidly expensive for the kind of money we need to send with a lousy exchange rate
Remitly--Our current choice. Reliable, reasonably fast, not "fees" for transfers over $1K, clear daily, monthly and 6 monthly limits (which fit our needs), BUT not the best exchange rate (even 1 PHP per $ could save us a LOT of money)
WU--Better exchange rate even with the debit card fees (I understand that there are no fees bank to bank, but I even WU said they would be cautious giving the actual bank account information!), but we have had problems with transfers going through with them before and they don't tell you what your transmittal limits are ("You will know each time you log in." Yeah, but what if I need to make a house payment and you tell me I have reached my limit!)
Wise--Wise has been highly recommended on this site. I opened an account and found their fees to be more than I want to pay.
Has anyone used XE or World Remit? I've read ok things about them, but...I trust all of you.
Salamat as always!