Highest remittance rate for converting 1 EUR to PHP = 59.8
When sending money from Ireland to the Philippines, a few inquiries might be coursing through your brain. You will want to know what is the best or cheapest way to send money from Ireland to Philippines and that is why ERIQ is here. We do more than point you to the cheap option by offering a comprehensive comparison.
Many people are stuck between options when it comes to sending money from Ireland to Philippines because of the many available and confusing options. Thanks to Exchange Rate IQ however, you can quickly select a suitable money transfer service and learn how services like XE Money can make life easier for you.
It is without any doubt that there are quite a good number of migrants from the Philippines who reside in Ireland. This is evident from the high remittance activities taking place between these two countries. With millions of money being sent to the Philippines from Ireland by the migrants, it is safe to say that there is a need for an efficient yet effective way of sending money.
International money transfer was possible even without technology. However, the ancient ways of sending money can be irrelevant today thanks to the fact that technology has made the process much easier. If you have to send money from Ireland to the Philippines today cheaply, you are most likely to use any of the following services.
Online money transfer; This is perhaps the latest money transfer method in the industry. Today, you can quickly send money from Philippines to Ireland using your phone or computer. Even the earlier methods like bank transfer have today made their services available online. While online money transfer seems convenient, you have to know that getting a genuine transfer agent is not an easy task especially if you don’t know where to begin. It is also helpful to know that online money transfer is the cheapest way to send money from Ireland to Philippines with services like XE Money allowing you to send money for free. other possible options according to users include; Remitly, WorldRemit, TransferWise, Xoom, and Ria.
Bank transfer: For a very long time even before online money transfer was discovered, banks offered most of the international money transfer services. Today, bank transfers are still relevant and have been helping many people transfer money from Ireland to Philippines. The good thing with bank transfers is that they are more accurate and there are very few chances of losing money. One notable downside of this method of cash transfer is that it may not be the fastest way of sending money from Ireland to Philippines since transfer can take between 24hours to five days.
Cash pickup services: Ever wondered how money reaches the Philippines so fast from Ireland? The truth is, it is not the actually deposited money that is transferred and the same goes for bank transfers. Transactions can take longer for the purpose of verification. Cash pick-up services are one of the fastest ways to sending money from Ireland to Philippines. A good example of a dominant service here is Western Union who has been offering the service for years. The benefit of cash pick up services is that they go an extra step to make their services available to people in remote areas.
If you want a successful transfer, you have to know how to evade possible barriers that can interfere with your transfer. To do that you will need to;
Find a service you can afford: You have to work with a transfer agent that you can afford comfortably so that you don’t break your budget during transfer. It is also good to know that the transfer fee can be implemented in different ways like hidden charges or low outdated rates.
Be certain of the transfer time: By knowing how long it takes for your money to reach the Philippines, you can easily track it not forgetting, sending it on time. Nevertheless, you can quickly reach out for assistance if the money is delayed.
Consider the receiver: Although there are several methods of sending money from Ireland, know that not all of these services are available in the Philippines and vice versa. To have a smooth transfer, you will want to work with a service that is available in both countries.