Highest remittance rate for converting 1 EUR to USD = 1.16
With over fifty ways to send money from Italy to Philippines, it becomes difficult to know which service to trust. Nevertheless, there are also some people who are out to take advantage of people who need this transfer service. At Exchange Rate IQ, we help people who want to send money find the best way to complete their transfer. We take the time to research, analyze, and compare the various service providers in order to provide users with simplified and updated information about these companies including; the cost of transfer and how much they cost.
Many people are stuck between options when it comes to sending money from Italy 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.
The need for the best way to send money from Italy to Philippines is evident from the ever-increasing amount of remittance made every year. It is without any doubt that Philippine migrants in Italy are leading as the group of people who send so much money back home. It is, however, good to know that they are not the only participants as there could be so many reasons for sending money from Italy to Philippines including donations and more.
Cheap way to send money from Italy to Philippines
Money transfer from Italy to the Philippines dates back to many years ago. Today, you can send money from Italy to Philippines cheaply using any of the following services;
Online money transfer: this is the cheapest way to send money from Italy to Philippines with services like XE Money allowing you to send money for free. The only problem with this transfer method is that it is misunderstood by many people. Know that it is imperative to use a transfer method that is available in both countries. Failing to do this can mean reversing the transaction which also comes at a cost. You also have to understand that, the fact that this is the cheapest mode, there will always be people who are ready to take advantage of the unsuspecting public can rob them of their hard-earned money. These are just some of the problems that you can avoid if you use our platform as your reference point. Some of the top online money transfer services that you can use to send money to the Philippines from Italy include; Remitly, TransferWise, TransferGo, and XendPay.
Cash delivery: If you are looking for a more instant money transfer option then you will be happy to know that cash delivery services are one of the fastest ways to send money from Italy to Philippines. However, it will help you to know that the services are slightly more expensive compared to online money transfers. When using cash delivery services, you will want to know the provided exchange rates as they can go a long way to help you cut down on the transfer cost. With technology taking center stage in international money transfers, cash delivery services today allow users to initiate their transfers through services like the Western Union App. This, therefore, makes it possible to make such transfers without visiting the transfer agent as it was in the past. Some of the preferred service providers here include Western Union, MoneyGram, and Travelex.
Bank transfer: For a very long time even before the discovery of smartphone technology, banks were already helping people to transfer money from Italy to Philippines. Although people expected banks to become outdated with technology, they are adapting and today, mobile banking has made banks to be available on our phones. That means you can make a direct bank deposit from Italy to the Philippines through your phone. When working with banks to complete your transfer, make sure to be extra vigilant when it comes to the exchange rates that are provided. Bank transfers from Italy to the Philippines can take three to five days if there is no delays causing hitches.
To increase your chances of sending money from Italy to Philippines without any problems, you will want to take note of the following;
Cost of transfer: this will help you to identify the service that you are more comfortable with as far as how much you are willing to spend is concerned.
Transfer time: Knowing how long the transfer should take will make it easy for you to track your money and know if it has taken too long so that you can contact the support team
Exchange rates: exchange rates are the main basis of international cash transfers. The better you understand how it works, the more you are likely to spend less on your transfer.
Service access: always work with a transfer agent that is available in Italy and the Philippines so that the receiver does not get any trouble accessing their money.