The Most Poluar Way to Send Money from America to the Philippines

The US-Philippines remittance market is one of the largest in the world and continues to grow. According to World Bank data, it was worth $33 billion in 2016 and is expected to reach $38 billion by 2020.

The reasons why people send money back home vary but can be broken down into three main categories:

Family support - Family members are often dependent on their relatives abroad for financial support as they struggle with poverty or unemployment in their home country.

Education - Sending children abroad for education can be expensive; families often opt for sending money instead of sending their kids directly because this allows them more flexibility when making decisions about how much money should go where (e.g., paying tuition vs buying food).

Investment opportunities - Some Filipinos choose not only to invest in real estate but also start businesses overseas so they don't have to deal with high taxes or regulations at home

Options for Sending Money Back to the Philippines

When it comes to sending money back home, there are several options available.

• Bank transfers: You can send money through your bank account or transfer it from another person's account. This is a good option if you have an existing relationship with your bank and trust them enough not to charge you exorbitant fees for the service (some banks do). However, this method takes longer than other methods because banks need time to process everything before they release funds into another country's banking system.

• Money transfer services: These services offer quick delivery times and competitive exchange rates but they often charge high fees--upwards of 10%! If you're looking for something low-cost but still fast enough for emergencies then this might be right up your alley; otherwise, we recommend avoiding these companies at all costs unless absolutely necessary.

• Digital wallets: These are apps that allow users to access their digital funds via smartphone apps or computers instead of carrying cash around everywhere like cavemen did thousands of years ago smartphones were invented by cavewomen who were tired of carrying around heavy rocks everywhere they went just so people would stop asking them questions about why they didn't have phones yet when everyone else did."

Bank Transfers

If you're looking for a quick and easy way to send money back to the Philippines, bank transfers are probably your best bet.

Bank transfers work like this: You open an account with a bank in the US (or wherever you're sending money from), then deposit funds into that account. Once your funds are ready, they will be transferred electronically from one bank account to another--in this case, from your US-based account into one held by your loved ones in the Philippines.

There are two ways that banks can charge fees for these transactions: either per transaction or monthly service charges on top of any fees incurred during actual transfers between accounts (which we'll talk about next). If possible, opt for no-fee accounts so as not to add unnecessary costs to what's already going out!

The exchange rate used by banks is also important; while some may offer competitive rates based on market fluctuations (and thus provide better value than others), others may charge higher fees simply because they want more profit from each transaction made through them--so take note when choosing which company offers better service overall before signing up with them long term!

Money Transfer Services

Money transfer services are a great way to send money back home. They are convenient, cheap, and fast. The best part is that you can use your credit card or bank account to make the transfer. Money transfer services offer a wide range of options when it comes to sending money overseas, including:

Cash pick-up (CUP) - Your recipient will go to one of their partner locations where they will receive cash from an agent who has been authorized by Western Union or MoneyGram. This method works best if you want your recipient's family members or friends to collect the funds themselves instead of having them deposited into their bank account directly by these companies' agents; however, there may be additional fees associated with this option depending on which provider you choose.

Digital Wallets

The first method is to use a digital wallet. This is a great option if you're looking to send money from the US to your family or friends in the Philippines, but don't have access to cash or bank accounts.

Digital wallets allow users to store funds on their phones and transfer them electronically through an app or website. Most digital wallet providers offer free transfers between accounts held by the same company (for example, PayPal), but there may be fees for sending money between different types of wallets (such as PayPal vs Venmo). There are also some limitations on how much you can send per transaction; for example, PayPal caps its daily limit at $10k USD per day while Venmo has no limits on individual transactions but only allows one withdrawal every seven days unless otherwise specified by law enforcement agencies investigating fraud cases involving large sums of money transferred through Venmo's platform

Tips for Sending Money Back to the Philippines

1. Research exchange rates
2. Understand fees
3. Compare providers

Conclusion

You can send money back to the Philippines using one of these methods:

• Western Union

• Moneygram

• Epay， support bank to bank transfer, and bank to GCash transfer, Fees are low, and with instant arrival.

• Wise

While there are other options out there, these three are the most popular ways for people living in the US to send money back home. Each has its own strengths and weaknesses, so it's important that you understand how each works before deciding which one you'll use!