There are several ways to send money to Brazil from the United States. One of the easiest ways to send money is to have a relationship with a US bank that is well represented in Brazil. If the recipient of the funds has an account with one of these banks, it might be a good idea to open an account locally with the same bank, as money being sent between accounts within the same bank is often processed quickly and at little or no cost. Bank transfers between different banks aren't difficult, but can entail a waiting period of up to 5 business days with higher costs. Through banks, you can also initiate wire transfers to Brazil. A wire transfer gets the money to its destination quickly, but there needs to be a corresponding bank to receive the wire transfer. Fees can be very high for international wire transfers, but if the money needs to arrive quickly, this is a viable option. For people who send money to Brazil regularly, another way is through an ATM or pre-paid debit card. The money can be withdrawn from a large network of ATMs in Brazil if the debit card has the PLUS or CIRRUS logo on the back. Only use an ATM card if you trust that the cardholder is not accessing funds without authorization. A pre-paid debit card is a more secure way of sending the exact amount of money intended for the recipient. Online payment services such as ATM Cash are also a good way to send money to Brazil. These kinds of services allow you to inexpensively send money 24/7 from your own computer. These are some of the safest and most efficient ways of sending money to Brazil.
Sending Online
With the advent of the internet, sending money online is now very easy, and your recipient receives the money in seconds. One example is the Xoom Money Transfer where your debit or credit cards (Amex, Visa), US checking account or Paypal can be used to fund your transfer. Your recipient will be informed through a text message when the money is deposited or available for pick up.
Through Banks
Sending your money through banks is another secure way but this option is better if the recipient has a bank account with an Automated Teller Machine (ATM) card. This makes it convenient for the recipient to withdraw cash anytime, and they are spared the trouble of having to wait for banking hours but you can still send money through banks even if the recipient does not have an account.
The banks can either deliver the money door to door or let your recipient pick up the money from their branches or pick up locations. You can avail of the services of the following banks: BPI Remittance, Citibank, Equitable PCI Bank Express Padala, PNB Europe, PNB Rapid Remit, RCBC Telemoney, Security Bank, and UCPB.
Money transfer agents
To date, the most popular way of sending money to the Philippines is through money transfer agents like the Western Union Money Transfer, LBC pick up and MoneyGram. These agents have their own web sites where you can send money online, or you can go to the nearest outlet and send the money through their offices with very minimal charges.
Claiming the money is quick and easy. With Western Union, the recipient does not have to spend precious time waiting for the bank to open because Western Union outlets have sprung up almost everywhere, even pawnshops on a 24-hour basis. The recipient can pick up the money the minute you send it by presenting even one valid identification card. If sent through LBC, recipients can also pick up the money in LBC outlets during office hours.
Other ways to send money to the Philippines are Allsafe (Australia), Atlas Xpress Padala, Forexworld, FX Remit, G-Cash (provided by Globe telecommunications), iKobo Lucky Money, MegaPadala, Moneygram International, MyAyala, Paystone, Philsend,Remithome, Smart Padala (provided by Smart telecommunications), Technocash (Australia), UK Moneygram, Uniteller, Wells Fargo, Xoom, and YesPinoy. These services are available in different areas.
These are just few of the many kinds of resorts in the Philippines which you can expect if you visit the country that is considered as the ?Pearl of the Orient.?
Both Chloe Banks & Riley Hriday are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
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