Consider the Main Ways to Make a Money Transfer to the Philippines Before a Vacation

Consider the Main Ways to Make a Money Transfer to the Philippines Before a Vacation

The currency in this area is the Philippine peso, though some parts of the country also accept the U.S. dollar or the euro. A U.S. dollar is equal to about 45 Philippine pesos, and you can plan to bring cash to be exchanged into this currency once you enter the country. You may choose to exchange the money at the airport when you land, such as at Francisco Bangoy International Airport or Ninoy Aquino International Airport. However, expect higher rates at airports than with money changers in Manila. Two tips when exchanging your money in this country are to bring larger bills so that you get the best rate, and count your money carefully afterward. If you do not mind carrying a lot of cash around and can pay the exchange fees, you might not need to make a money transfer to Philippines using any other methods.

Many still like to use traveler's checks when on vacation, but these are not particularly useful in Philippines. In fact, most stores do not take them, and you will even have a hard time finding a bank that accepts them. Most people have become so used to other easy ways to make a money transfer to Philippines that traveler's checks just may be considered obsolete here. If you already have them, you can search for money changers that will take them, but you should be prepared to pay a fee to cash them.

If you want a more updated way of always keeping money with you in this country, a prepaid debit card may be your best bet. Most major cities and even many small towns here have ATMs, and most businesses do accept cards. However, there is often a small fee associated with credit and debit cards, and a few tiny towns lack both ATMs and retailers that take cards. For this reason, always have at least some Philippine pesos with you. Of course, you can do so by visiting ATMs to take some money out whenever you spot one, which means that making a money transfer to Philippines on a card is quite useful in this country. However, do be warned that some ATMs in popular areas like Davao or Manila sometimes run out of cash on the weekends, so you may have to search to find one that has money in it. Fortunately, plenty abound in this country.

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