In 2023, the Philippines received a total of $38 billion in remittances from overseas Filipino workers (OFWs) worldwide. This marked a 3% increase from 2022, reflecting the importance of these funds in supporting the country's economy.
One of the most efficient ways to send money fast to the Philippines is through Profee, a trusted international money transfer service. Profee offers the ability to send money fast to the Philippines, GCash — most popular digital wallet in the Philippines. GCash allows users to pay bills, shop online, and more, using their smartphones. Se, here we will tell you how to send money from Ireland to the Philippines.
How to send money to the Philippines
10 tips to send money to the Philippines
Why choose Profee?
How to transfer money to the Philippines with Profee?
How to send money to the Philippines
Bank transfer. Transfer funds directly to a bank account in the Philippines via international wire transfer or online banking.
Online transfer services and apps. Use online platforms or apps that provide competitive exchange rates and low fees. These services offer various delivery methods, including direct bank deposits, cash pickups, and mobile wallet transfers or top-ups, allowing you to choose the option that best suits your needs.
Cash pickup services. Utilise services that allow the recipient to collect cash at designated locations.
Cryptocurrency. Transfer cryptocurrency, which can then be converted to local currency.
10 tips to send money to the Philippines
- Compare exchange rates and fees. Different services offer varying rates and fee structures when you want to transfer money to the Philippines. Shop around to find the best deal. Remember that the lowest fee doesn't always mean the best value if the exchange rate is poor.
- Consider transfer speed. If the recipient needs the money urgently, choose a service that offers fast or instant transfers. Some methods can take several business days.
- Use online services. To send money online from Ireland is usually an option with better rates and lower fees than traditional banks or in-person services.
- Be aware of limits. Check if there are minimum or maximum transfer amounts. Some services have daily or monthly limits.
- Verify recipient information. Double-check all recipient details, especially account numbers and names. Even small errors can cause delays or failed transfers, when you send money online from Ireland.
- Understand regulations. Be aware of any reporting requirements for large transfers. In many countries, transfers over a certain amount must be reported to financial authorities.
- Choose the right transfer method. Options like bank transfers, mobile wallets (e.g., GCash), or cash pickup have different pros and cons. Choose based on the recipient's needs and preferences.
- Time your transfer. Exchange rates fluctuate. If you're sending a large amount with money transfers from Ireland, monitor rates and transfer when they're favourable.
- Keep records. Save confirmation numbers and receipts for your transfers. These can be crucial if there are any issues.
- Be cautious of scams. Only use reputable services and be wary of deals that seem too good to be true.
Why choose Profee?
To avoid worrying about your transfer, choose reliable services, such as Profee. Every day we bring people together despite the distance.
Cost-effective and transparent fees
Profee offers 0% fees on all transfers in the Philippines now. Unlike many traditional banks, Profee offers competitive exchange rates close to the market rate, ensuring more value for your money when you want to make money transfers from Ireland.
Fast and convenient
Profee allows for quick transfers, often within minutes, especially for GCash and bank account transactions. This speed is particularly beneficial for urgent remittances, providing peace of mind for both the sender and the recipient.
High security standards
Profee prioritises the safety of your funds and personal information. It adheres to stringent security measures, including 3D Secure technology for card transactions and PCI DSS compliance, which helps protect against fraud and data breaches.
Versatility in transfer options
Whether you are sending money abroad from Ireland to a traditional bank account or a digital wallet like GCash, Profee offers flexible options to meet the recipient's needs. GCash, in particular, is a widely used platform in the Philippines, allowing recipients to manage their funds easily through their smartphones. This convenience makes it a preferred choice for many, especially those who may not have easy access to traditional banking services.
How to transfer money to the Philippines with Profee?
Sending money to GCash through Profee is a simple and secure process. Here’s a step-by-step guide to help you complete your transfer. So, how to send money from Ireland to the Philippines?
Step 1: Enter personal information
Begin by providing the necessary personal details:
- Full name
- Date of birth
- Country of residence
- Home address
- Nationality
Accurate information is crucial for ensuring the security and timely delivery of your transfer. You will only need to enter these details once, when creating your account.
Step 2: Specify the transfer amount
Indicate the amount you wish to send in Euros and select the Philippines as the destination country.
Step 3: Select GCash as the delivery method
Choose GCash as your method for delivering the funds. This option guarantees quick and secure transfers, allowing the recipient to receive the money promptly.
Step 4: Provide recipient's details
Fill in the recipient's information, including:
- Full name
- GCash mobile number
Make sure all details are correct to avoid delays in the transaction.
Step 5: Enter your card details
Provide your card number, expiration date, and CVV/CVC code. Your card must be issued in Ireland.
Step 6: Submit additional information
To enhance the security of your transaction, provide additional information such as:
- Source of funds (e.g., salary, savings)
- Relationship with the recipient (e.g., family member, friend)
- Purpose of the transfer (e.g., support for relatives, payment for services)
This information helps prevent unauthorised or fraudulent transactions.
Step 7: Review the details
Carefully review all details, including the exchange rate and the recipient’s information. Once everything is verified, confirm the transfer. Until you confirm the transfer, the money will not be withdrawn from your account.
Step 8: Complete the transaction
After confirmation, the money will be sent instantly to the recipient's GCash account. This streamlined process makes it easy to transfer funds from Ireland to the Philippines, allowing you to stay connected with your loved ones.
The substantial inflow of remittances into the Philippines underscores their importance. They not only provide financial support to millions of families but also help stabilise the economy by contributing to foreign exchange reserves and supporting consumption. As more people look to transfer money to the Philippines, understanding how to send money online to the Philippines becomes increasingly important. These remittances are crucial in maintaining economic stability and enhancing the financial well-being of many households across the country.
Using Profee for your money transfers from Ireland ensures a seamless, secure, and cost-effective experience. Whether you need to send money fast to the Philippines or are planning regular transfers, Profee offers a reliable solution that caters to your needs.
