subject: Tips on How to Send Cash within the Philippines for Free [print this page] Tips on How to Send Cash within the Philippines for Free
Sending or transferring cash to or within the Philippines is a fine business for many entrepreneur. It is the rationale why there are many companies sprouting that do services in transmitting money or money transfer to or within the country.
If you want to send money to your relatives away from you, you have the choice to come to a remittance company or any money transfer companies. In this manner, these companies make revenue from the cost they charged to their clients when they transmit money.
When transferring money, choose a company which is trustworthy and reliable. It should be safe and speedy in transmitting your money to your family 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 cost depends on the amount of money you will send, cost will be bigger for higher amount of money you will transfer. It is not really good for the customers since you will pay money.
However, if you like to remit money to any place in the Philippines without cost, you must have first a BPI bank account. When you have a BPI account, you can open for a BPI Express Money Order (EMO) Card or BPI Express Cash (EC) card. These two cards are much the same as an ATM card but they are not a bank or savings account.
You can only have that cards if you have a BPI savings account and you will apply for that cards. If you frequently transfer money to your relatives, BPI Express Money Order card is the best choice. You must apply a card for your relatives with their names placed on the card. This card is only for sending or transferring money from your savings account to the card. You cannot use it to purchase goods in the mall or department store.
BPI Express Cash card can be used to remit money and purchasing goods in the malls or department stores. It acts like a debit card.
BPI just cost P100 for the application fee of either of the two cards with expiration up to four years.
If you like to remit or send money for free to your family, you should consider having a BPI bank account and applying for Express Money Order or Express cash card. Just 10 cards will be allowable per each individual.
