Tips On How To Send Money Within The Philippines For Free

Money transfer or sending money in the Philippines is a hit business. It is the reason there are lots of companies offering money transfer or sending money in the country.

If you would like to send money to your family away from you, you have the option to visit to a MLhuilier, Western Union, Cebuana Lhuilier or any money transfer companies. In this way, these companies make a profit from the fee they charged to their customers when they send money.

When sending money, choose a company which is trusted and reliable. It should be safe and fast in sending your money to your relatives even anywhere in the Philippines.

Any transactions for transferring or sending money to or within the Philippines will be charged with a transaction fee, it is not free. The fee depends on the amount of money you will send, fee will be higher for higher amount of money you will send. It is not really good for the customers since you will pay money.

However, if you want to send money to anywhere in the Philippines for free, you must have first BPI savings account. When you have BPI account, you can apply for a BPI Express Money Order (EMO) Card or BPI Express Cash (EC) card. These two cards are almost the same as an ATM card but they are not a bank or savings account.

Once you have a BPI bank account, you are eligible to apply for Express Money Order or Express Cash card. These two cards are very helpful if you are sending money regularly to your family. You can apply for these cards and then give it to your loved ones who will receive the money you sent. You can send money from your BPI savings account to their card via online banking or transfer money through any BPI ATM.

Only BPI Express Cash card can be used to purchase something in the mall or supermarkets provided it has enough balance. It works like a debit card.

There is a P100 application fee if you want to have these cards. They have two or four years expiration from the date of issue.

If you want to transfer or send money for free to your relatives, you must consider having a BPI savings account and applying for Express Money Order or Express cash card. Only 10 cards will be allowed per each person.

Bert Tenorio loves writing on personal finance, saving and investing. He resides in Korea with his family. For helpful details on how to Send Money to Philippines, please go Financial Management site, for more financial management articles on saving, investing and make money online.