Sending money from the Philippines to the UAE is a common need for many individuals, whether they are supporting family members or paying for services. In this guide, we’ll explain how to send money from the Philippines to the UAE, exploring the safest, fastest, and most affordable ways to transfer money internationally. Whether you prefer using online platforms or traditional money transfer services, there are a variety of options to choose from, each with its own benefits. Read on to find out the best methods for transferring your funds.
Best Methods to Send Money from Philippines to UAE
Transferring money internationally can seem like a daunting task, but thanks to modern technologies and financial services, sending money from the Philippines to the UAE has never been easier. Let's explore some of the most popular methods for sending money abroad.
1. Using Online Money Transfer Services
One of the fastest and most convenient ways to send money from the Philippines to the UAE is through online money transfer services. These platforms allow you to send funds directly to a bank account or for cash pickup.
- Remitly: Remitly is an online money transfer service that offers low fees and fast transfers. With Remitly, you can send money from the Philippines to the UAE in minutes, especially if you choose the Express transfer option.
- TransferWise (Wise): Wise provides a cost-effective way to send money from the Philippines to the UAE. Their exchange rates are competitive, and the process is simple. You can send money directly to a bank account in the UAE.
2. Bank Transfers
Sending money from the Philippines to the UAE via a bank transfer is a traditional method, but it may come with higher fees and longer processing times. Most major banks in the Philippines, like BDO, Metrobank, and BPI, offer international wire transfer services. While reliable, this method might take 2-5 business days for the funds to be available in the UAE.
3. Cash Pickup Services
If the recipient needs to receive the money in cash, you can choose a remittance service that offers cash pickup options in the UAE. Popular services include:
- Western Union: With a global network, Western Union is one of the most well-known services for transferring money across borders. You can send money to over 200,000 locations in the UAE, and your recipient can pick up the funds in cash within minutes.
- MoneyGram: Similar to Western Union, MoneyGram allows for fast and convenient cash pickups at multiple locations in the UAE. The process is simple, and your recipient can get the funds in just a few minutes.
4. Mobile Wallet Transfers
If you're looking for a modern and tech-savvy way to send money from the Philippines to the UAE, mobile wallets like GCash, PayMaya, and others are an excellent option. These apps allow you to send funds internationally, and some services are linked with global money transfer networks, offering competitive rates.
5. Cryptocurrency Transfers
For those who are familiar with digital currencies, sending cryptocurrency is an alternative way to transfer funds. Cryptocurrencies like Bitcoin and Ethereum can be sent instantly and with low fees, making them a popular option for tech-savvy users.
Things to Consider When Sending Money from Philippines to UAE
When choosing how to send money from the Philippines to the UAE, it’s essential to consider factors such as:
- Fees and Exchange Rates: Always check the fees and exchange rates before making a transfer. Some services offer low fees but charge high exchange rate margins.
- Transfer Speed: Depending on the method, your transfer could take minutes or several days to reach the recipient.
- Security: Ensure that the service you choose is reputable and offers secure transactions to protect your money.
- Accessibility: Make sure your recipient can easily access the funds. Some methods may be more convenient for them than others, such as cash pickups or mobile wallet transfers.
How to Choose the Right Method for Sending Money from Philippines to UAE
Choosing the right method depends on your preferences and needs. If you need speed and convenience, online money transfer services like Remitly and Wise are ideal. If the recipient prefers cash, Western Union or MoneyGram are great options. For those who want to avoid fees, bank transfers might be the best choice, though they may take longer.
FAQs Section
Q1: How do I send money from Philippines to UAE?
To send money from the Philippines to the UAE, you can use online transfer services like Remitly or Wise, bank transfers, or cash pickup services such as Western Union. Each option varies in terms of speed, cost, and convenience.
Q2: What is the best way to send money from the Philippines to UAE?
The best way to send money from the Philippines to the UAE depends on your needs. For speed, online services like Remitly or TransferWise are great. For cash pickup, Western Union and MoneyGram are widely available in the UAE.
Q3: Are there fees when sending money from the Philippines to the UAE?
Yes, there are fees when sending money internationally. These fees vary by the service provider and the method you choose. Online services tend to offer lower fees compared to traditional bank transfers.
Q4: How long does it take to send money from Philippines to UAE?
The transfer time varies depending on the method. Online services like Remitly offer instant transfers, while bank transfers can take 2-5 business days. Cash pickup services are typically available within minutes.
Q5: Can I send money from the Philippines to UAE using my mobile phone?
Yes, you can send money from the Philippines to the UAE using mobile apps like GCash or PayMaya, which are linked to international money transfer networks. This is a quick and convenient option.
Q6: What are the safest ways to send money from the Philippines to UAE?
To ensure safety when sending money from the Philippines to the UAE, use trusted services like Western Union, Remitly, or TransferWise. Always choose services with secure payment options and positive user reviews.