Top Money Transfer Services Suggested for OFWs

Okay, whether you are in a cave, or in an isolated island, or in an unknown jungle, wherever you may be right now in the world, you can’t escape the changing civilization. Before the modern world, people live by barter means. But now, money runs the world like any time and anywhere on the planet!

We have many Kabayans working abroad for their families. The number one reason is to earn money. And of course, earning money is not easy. The Philippines is the second-largest recipient for remittances in Asia as per the World Bank study. So I wrote this article in an effort to give you more information and or comparison that could help your decision in sending money to your loved ones here in the Philippines.

Okay, let’s start!

1. Rewire

It is also an International Money Transfer platform. Wherein you will need to create your Rewire Account. If you’re in Europe, this might be in your list to consider.

– Transfer to a cash pick-up location is instant. Through M Lhuillier, Palawan Express, or Cebuana Lhuillier.
– Rewire has low fees in making transactions. Flat-rate fee of 1% based on the amount of transfer.
– You can do a bank transfer, cash pick-up, and debit or credit card.
– You can do a local transfer in Europe, it’s fast and free!

– Like Remitly and WorldRemit, transactions will be made on the app or on the website only.
– Right now, you can only send money in 9 countries, and good thing, the Philippines is one of them!
– Transfer to a bank account may take between 10 minutes or up to 2 business days.

If you have more questions, visit their website at for FAQ’s and their contact us page.

2. World Remit

A competitor of Remitly and TransferWise is also an online money transfer service that provides international remittance services and was founded in 2010.

– The delivery speed is also instant.
– In WorldRemit you can also do cash pick-ups. You can transfer it directly to the bank account. Through mobile top-up or mobile transfer.
– The lowest amount you can transfer is $1 and the maximum amount is $9,000.
– You can use WorldRemit to send money to mobile wallets accounts too.
– There are many payment options such as ApplePay, Android Pay, debit or credit card, and also bank transfers.

– It is only available in more than 140 countries.
– The fees here depends on the currency exchange rate during the time of sending.
– Unlike MoneyGram and Western Union, all transactions will be made online.

For more information, you can visit their contact us page here:

3. TransferWise

Is a London-based online money transfer service founded in January of 2011.

– Same as MoneyGram and Western Union, you can transfer as low as $1.
– They have an app for Android you can sue for making transactions.
-The maximum transfer amount you can make per day is $49, 999.
– There are no hidden charges.
– The delivery speed is within 24 hours.
– You can transfer via ACH, bank transfer, debit or credit card

– There are no physical locations for pick-ups. Transactions are only made online.
– TransferWise doesn’t allow transfers of the same currencies.
– There are also rates in transferring funds.

For more information, you can visit their help center page here:

4. MoneyGram

Is an American money transfer company and its headquarters is in Dallas, Texas.

– MoneyGram has 350,000 locations in more than 200 countries and territories around the world and a global network of about 347,000 agent offices! That’s many!
– In MoneyGram, you can either schedule a home delivery or cash pick up option.
– The maximum you can send is $6,000.
– The lowest transfer fund you can make is $1.
– You can transfer via online, cash transfer, agent, bank account to a bank account, and also using an international money order.
– You can go to an agent location or online in sending funds.

– The delivery speed here is at least one day.
– Transfer fees depend on payment type and the destination of the transfer.
– There’s also a local exchange rate to respected destinations.

For more information, you can visit their contact us page here:

5. LBC Home

Is previously known as Luzon Brokerage Company is a courier company based in the Philippines.

– The maximum amount you can send is equivalent to 99,000 pesos in cash for pick-ups upfront. (for 100,000 pesos and above can be processed but in a form of a check. For more information call the customer service hotline at )
– The delivery speed is also instant.
– You can transfer via LBC Instant Peso Padala, LBC Spend and Swipe, bank deposit and home delivery
– And it is widely available across the Philippines and you can get your money with their partnered remittances like Palawan Express and Tambunting Pawnshop.
– You can go to an agent location or online in sending funds.

– Certain payment methods are only made available only to residents of certain states
– You can only use LBC to transfer funds from the US.

For more information, you can contact their hotline at 1-800-10-8585999 (Philippines)

6. Remitly

It’s also one of the most trusted remittance platforms of many Filipinos abroad.

– Sending funds in Remitly is per Tier. And the maximum amount you can send depends on the requirements you are willing to submit.
– The delivery speed here is instant for Express funds transfer and 3-5 days for the Economy method (no fees to be collected if the recipient will receive in pesos for economy method.)
– You can transfer via cash transfer, online, and bank account to bank account.
– They do have partnered remittances in the Philippines where you can do cash pick-ups; we have M Lhuillier, Cebuana Lhuillier, SM Malls, and Globe outlets.

– Unlike LBC, MoneyGram, and Western Union, all transactions will be made online, through their app or on the website.
– A government-issued photo ID is needed and maybe more documents needed to qualify for higher tiers in sending money.

If you would like to speak to someone for questions and clarifications, you can visit this link:

7. Western Union

Is an American worldwide financial service and communications company. Its headquarters is in Denver, Colorado.

– The delivery speed is in an instant. Wow! Backed up by 145 years of expertise, that’s why they assure guarantee.
– You can do a cash pick-up. Or send it directly to the bank. Or you can also do the mobile transfer.
– It is available in 200 countries and territories, worldwide!
– The maximum you can send is $5,000.
– The lowest transfer fund you can make is $1.
– You can go to an agent location or online in sending funds.

– Sending money through WU has high transfer fees compared to other remittance centers.

For more information, you can visit their contact us page here:

Just a few reminders when sending money in the Philippines:
1. Make sure to obtain correct information of the recipient, the spelling of their name, correct bank account information, and correct personal details. To make sure transactions will go well.

2. Obtain and secure the Money Transfer Control Number for fast-tracking and easy transactions for pick-ups.

3. Make sure to send money only to reliable banks, pick-up locations, and send money only to trusted personnel you know to avoid being scammed.

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