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Sending money to USA

Discussion in 'Banking - Investing - Finances' started by Wildcat, Apr 12, 2017.

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  1. Wildcat

    Wildcat DI Member Showcase Reviewer Veteran Marines

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    Has anyone tried to send money to the US. If you have please tell me the secret. It's like the Philippine government doesn't want money to escape once it is here. I have searched on the internet and nothing seems to be a good way or any way.
     
    Wildcat, Apr 12, 2017
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  2. Brian Oinks

    Brian Oinks That's Mr. Pig to you Boy! :) Highly Rated Poster

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    WESTERN UNION...
    I know to send from Oz to the Philippines use to cost me $14.00AUD :o o:
    Searching online this link states it costs $5.00 to send to the USA; (Very reasonable IMHO) :wink:

    Send Money to USA | Western Union
     
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    Brian Oinks, Apr 12, 2017
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  3. Rye83

    Rye83 with pastrami Admin Secured Account Highly Rated Poster SC Connoisseur Veteran Army

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    Western Union is probably the best bet, especially if you are transferring from bank account to bank account. Xoom would be another option for direct bank transfers, though I have no experience with transferring from the PH to the US with that company.
     
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    Rye83, Apr 12, 2017
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  4. okiebound

    okiebound DI Forum Adept Showcase Reviewer

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    I confirm that Western Union is the best way. I periodically receive money from the Philippines (loan being paid off to me) and we found the easiest, most cost-effective way was Western Union. It truly does not cost much at all and there are no fees on this end to receive.
     
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    okiebound, Apr 12, 2017
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  5. cabb

    cabb DI Forum Patron Highly Rated Poster ✤Forum Sponsor✤

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    Out of curiosity, what if it was large sum of money. Say you sold a piece of land and wanted to repatriate the money. Western Union has limits. Can't you just wire the money to another bank?
     
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    cabb, Apr 12, 2017
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  6. Rye83

    Rye83 with pastrami Admin Secured Account Highly Rated Poster SC Connoisseur Veteran Army

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    If you are transferring a large sum of money a direct bank transfer (or wire transfer) would likely be the best method. I wouldn't use a direct bank transfer for anything less that $10-20k USD (or if a payment more than the WU monthly limit had to be made in one lump sum) due to most banks charging $50+ for wire transfers.

    You would need to check with your bank and see if it is even possible to wire/accept money to/from an international bank with different routing/Swift number system.
     
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    Rye83, Apr 12, 2017
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  7. OP
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    Wildcat

    Wildcat DI Member Showcase Reviewer Veteran Marines

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    Thanks to everyone. Looks like WU is the wise choice. so I will try it.
     
    Wildcat, Apr 13, 2017
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  8. notfred

    notfred DI New Member

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    i agree WU works easily with small transfers. for larger transfers we have used bank-to-bank transfers both ways and while not instantaneous as WU it does work fine.
     
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    notfred, Apr 13, 2017
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  9. notDavaoeno

    notDavaoeno DI New Member Showcase Reviewer

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    I just wired [ Swift] a bunch of money to Phoenix. I put the money into my BDO usd account then got the Swift code instructions from the bank in Phoenix and BDO wired the money . I got charged $5 here and $30 stateside
     
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    notDavaoeno, Apr 17, 2017
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  10. OP
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    Wildcat

    Wildcat DI Member Showcase Reviewer Veteran Marines

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    Okiebound do you have more info on how to send via WU? i am now in the USA and my wife is still there. We have about $50,000 we need to send to the US. She has a bank account with China bank. They won't let her send it to me using bank account to bank account. They won't let her open a USD account without a lot of paperwork. We are at a loss. Should we just withdraw it and open a dollar account at BDO? Then make up a WU online account and do it that way? HELP
     
    Wildcat, Aug 23, 2017
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