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Best Posts in Thread: Suggestions on transferring my money to me from the states

  1. SkipJack

    SkipJack DI Senior Member

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    It is true that US banks have very bad exchange rates.

    Philippine banks have very competitive exchange rates. This is why it is best to transfer money into a US dollar account here in the Philippines first and then convert it into pesos here.
     
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  2. Garcia

    Garcia DI Forum Adept

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    Wise formerly TransferWise are excellent, good rates, and secure and never let me down. Multi currency accounts, technically an on line bank without the silly fees.

    Avoid WorldFirst.
     
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  3. cabb

    cabb DI Forum Patron Highly Rated Poster ✤Forum Sponsor✤

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    If looking for a large one time transfer, like money to purchase a house, wire transfer from your bank to a PI bank account. You could do $100k USD for less than $50. It's there in one day or less depending on when you initiate the transfer.
     
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  4. JWBobbit

    JWBobbit DI Member

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    Wise.com is an excellent service, I use it often to transfer 5000 AUD at a time, and the rate is the same as XE.com daily rate with a very small fee.
    Transfer to BDO can take anywhere between 1-4 hours which is sensational service for an international transfer. I use the PAYID system in Australia to instantly pay Wise from a bank account in Australia, they update on their site and email to say they have received it within minutes and that they have already made payment to BDO.
    They request a reason for payment from a drop list and I always pick general living expenses.
     
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