Lower remittance fees up for Philippines

Monday, November 23, 2009

From Manila Standard November 23, 2009 Bangko Sentral and the Association of Bank Remittance Officers will sign an agreement on Dec. 2 that will lower the cost of remittance fees using the central bank’s real time gross settlement system.

Bangko Sentral Deputy Gov. Diwa Guinigundo said the central bank approved the agreement in principle in August for formal signing next week.

The agreement will standardize and reduce the back-end processing fees of banks that uses the Philippine Payments and Settlement Systems, or PhilPaSS, of the central bank for fund transfers.

“[After Dec. 2, central bank] shall charge only P5 to the banks and the banks will only charge a maximum of P50 to their clients for back-end services,” Guinigundo said. “The use of RTGS of the [central bank] is instrumental in this.” Continue reading here http://www.manilastandardtoday.com/insideBusiness.htm?f=//2009/november/23/business1.isx&d=/2009/november/23

Money Transfer to Philippines Made Easy Instructions

Wednesday, November 11, 2009

From outside the PhilippinesActually she doesn’t even need a bank account if using xoom.com She can go to any Lhuillier pawn shop or any BDO bank with the xoom.com transaction #, her photo ID and her “secret” word given to her by the sender and they will give her the money. I am 100% sure she knows where the nearest Lhuillier pawn shop is located. Let’s just hope your (her) new cell phone doesn’t end up back in the pawn shop when she needs money.

If the sender uses a credit card for payment to xoom.com the money will be available in a matter of hours, if the sender is having funds withdrawan from his bank account it could take up to a week.
Much less costly to provide money than mailing a phone that might or might not be operable in the RP.

From within the philippines
Cash Rates at Lhuillier for pesos transfer feehttp://www.perapadala.com/rates.asp

Cash LBC also Check the rates here to send money in the Philippines by LBC here www.lbcexpress.com
Modes of Payment

Ready to order but wondering where to send your payment?

Here’s how: You can send your payment via LBC pera padala, M.Lhuillier,
Gcash, and or Western Union.

LBC pera padala:

Every single peso you earn and save matters. With LBC’s affordable fees and competitive exchange rates, your money goes a long way.

LBC Instant Peso Padala
FOR as low as P15, you can now send money fast, safe and easy with “LBC Instant Peso Padala.”
This is the lowest rate ever for LBC. It is perfect for sending tuition and other school fees this school opening.
The P15 rate is applicable to P100 remittances. Affordable rates are also available for remittances of P1,000; P1,500; P2,000; or higher. Send as much as P20,000 for a minimal fee.

Send your remittance without the hassle of opening an account, waiting in long lines, limited time and day transactions and late transmittal. LBC Instant Peso Padala makes it all so easy. Just go to any of the over 760 LBC branches nationwide and send money to anywhere in the country and be assured that your loved ones get it instantly.
LBC is the pioneer in the remittance business in the Philippines. It accepts remittance transactions in over 760 branches nationwide as well as in its branches in Hong Kong, Singapore, Malaysia, Taiwan, Brunei, Saipan, Guam, USA, Hawaii and Canada. Just recently, it launched its flat rate fee of Singapore US$2 for remittances coming from that country.

LBC has made a name for itself in the remittance industry by providing instant, affordable, and convenient remittance service to Filipinos worldwide. LBC provides 24-hour express courier services, money remittance and bills payment services nationwide.

To know more about LBC Instant Padala and other services, visit the nearest LBC branch in your area or log on to www.lbcexpress.com

And when it comes to sending money home fast, only LBC offers more ways to do it…Door-to-Door – Fast and convenient
Pick-Up – pick-up in over 600 branches To be able to accept a remittance transaction, we need the following:

(For door-to-door money remittance, please wait for us to recieve the PesoPak.. though we suggest for a Pick Up money remittance to any of their branches)


Pesopak 24hrs.
P 90 for the first P 500
P 140 for the first P 1,000
Pesopak 48hrs.
P 70 for the first P 500
P 95 for the first P 1,000
Instant Peso Padala
P 39 for every P 500
P 60 for every P 1,000
Sender (Shipper) Information consists of a complete legal name as it appears in a Government Issued Photo ID, address and phone number; however, certain areas may require additional information such as sender’s date of birth and occupation.

Receiver (Consignee) Information consists of a complete legal name as it appears in a Government Issued Photo ID, address, phone number and cell number if available. It is imperative that we have accurate information to facilitate delivery.

Check the latest rates here to send money in the Philippines by LBC here www.lbcexpress.com


Valuing a client’s experience of wanting to send loan proceeds to family and friends located in a different part of the country inspired the jumpstarting of MLKP into existence. M.Lhuillier branches have high-tech communication facilities that make money transfer fast, reliable and in a matter of minutes. With the formulation of this added service, convenience is now more than ever within reach of our customers.
About Cebuana Lhuillier

Cebuana Lhuillier Pawnshop is the country’s largest pawnshop network with branches in almost every city, town or district in the Philippines. Since its incorporation in the 1980’s, millions of satisfied Filipinos have already experienced the friendly and excellent service that Cebuana Lhuillier Pawnshop is known for. Optimizing the benefits of the Cebuana Lhuillier Pawnshop network, Cebuana offers innovative products and services to adapt to the changing needs of its valued customers. Products and services offered include Pawn loans, AllCare Insurance or Alagang Cebuana Insurance and Pera Padala Money Remittance service.

Pera Padala is the money remittance service of Cebuana Lhuillier Services Corporation (CLSC) that provides an alternative service to customers who are looking for a quick, affordable, easy and safe way to send money anywhere in the Philippines.

Offered at almost all Cebuana Lhuillier branches nationwide, with some branches opening as early as 7 am and extending working hours to accommodate emergency needs, Pera Padala answers the need of students, workers and other customers for immediate money transfer without the worries of maintaining a bank account. Pera Padala’s strategic partnership with leading international financial institutions has also made the service accessible to millions of Filipinos overseas.

Banking on Cebuana Lhuillier’s reputation of reliability and trustworthiness, customers are assured that money transfer is safe and secure at all times. And with branches spread all over the country, customers will have an easier time to remit and claim money.

For more information on Cebuana Lhuillier and the Pera Padala service, log on to www.pjlhuillier.com

STEP 1 Go to any M. Lhuillier branch nearest you.
STEP 2 Present a valid ID (listed in the M. Lhuillier acceptable IDs) and fill-up the required forms.
STEP 3 Give the filled-up forms to the Front Line Associate (FLA) in the counter and also give the total amount sent including the charges.
STEP 4 The Front Line Associate (FLA) will give you a duplicate copy of your Sendout form, for your reference.
STEP 5 Give all information to your recipient including the Kwarta Padala Transaction No. (KPTN) for easy searching of the particular transaction.
STEP 6 The money will be available to your receiver an hour or less from the time it has been sent.HOW TO USE THE SERVICE

Simply visit any of our M. LHUILLIER branches nationwide and bring your cash. Fill out a form and instruct us as to where and to whom you wish to send your money. A service fee will be charged and the money will be available for pick-up within minutes. If you do not have any funds but own a piece of jewelry or appliance of value, you can Pawn the item and we will send the loaned amount to your designated receiver.

It’s that EASY!

(Philippine Pesos)
P 0.01-P 200.00P 18.00
P 200.01-P 500.00P 35.00
P 500.01-P 1,000.00P 60.00
P 1,000.01-P 1,500.00P 105.00
P 1,500.01-P 2,000.00P 120.00
P 2,000.01-P 2,500.00P 165.00
P 2,500.01-P 3,000.00P 195.00
P 3,000.01-P 50,000.00P 240.00
* Rates subject to change without notice

Check here for the latest rates http://www.perapadala.com/rates.aspGcash:

Send Money using your phone! Cheap and Easy!

Not Yet a Gcash registered?

To register through text

Register your cellphone to GCASH by sending this text to 2882:

REG4-digit PIN/mother’s maiden name/first name/last name/address
Remember! Make sure that your First Name and Last Name match the information that appears in any valid ID of yours. This is important for future GCASH transactions.
Now, Send a Gcash!

Person-to-person money transfer or P2P allows you to send GCASH to any Globe or TM subscriber at the speed of a text message, anytime, anywhere.

Just type AMOUNT4-digit PIN and send to 2882+10 digit cellphone number of the recipient.
(Add 1% for every transaction for Gcash Money Remittance Charge)
GCash outlets http://www.internetphilippines.com/money-transfer/globe-gcash-outlets/

Smart Money offers all the features and benefits you need as your all-in-one payment tool. Transfer funds to your friends and relatives, pay bills, purchase airtime load, shop and withdraw!


All the answers you need about Smart Money are right here!Video Demos | Rates | Centers


Using SMART Money

Western Union:
Consumers have looked to Western Union® to help them stay connected to loved ones around the world for more than 150 years. We are a global leader in money transfer services, offering the ability to send money to more than 320,000 Western Union Agent locations in over 200 countries and territories.Count on Western Union to transfer money, send bill payments, and purchase money orders and prepaid services.Simply visit any of Western Union branch, bring with you your ID and our information where to send the payment. After sending, text or mail us the MTCN code and the informations used by the sender for us to remit the payment.

1) Deposit/withdraw – if the bank in the States has a branch here and both of you have accounts with the bank, then she can deposit there and you can withdraw here.
check this site out by Citibankwww.c2it.com
2) Telegraphic transfer – if the bank in the States does not have a branch here, she can send money by this method direct to your account here. The service costs a fee.

3) Western Union – she can give money to Western Union or she can charge her credit card, and you can pick up cash here from Western Union branches. There is a BIG fee for this.

4) Door to door – she can give dollars to somebody running a door-to-door money business in the US. Usually there is a Philippine partner who will then give you the cash here