Transfer Money From One Person To Another In Any Country Through One Tap On Your Phone!

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Sending money to your loved ones has never been simpler!

Overseas Foreign Workers (OFWs) can earn a lot while abroad! And sending money back to their families in the Philippines can be a troublesome matter. But no more! Technology is advanced enough that you can easily send money through app. And we’ll give you a breakdown of some of the best and easiest ways to do so!

 

5 easy ways to send money through app

send money through app

Source: Shutterstock

Mobile remittance is a convenient way for OFWs to transfer money from wherever they’re working back to the Philippines. This is especially handy for the holidays or in emergencies since the transactions go through quickly. And with so many choices on the market, you can compare the fees and ease of use to see which one makes sending money back home a breeze!

1. Smart Padala

send money through app

Source: Smart Padala

This handy app is a great remittance option as it allows you to send money from one phone number to another, regardless of the mobile service provider! What’s more, you can pay for your bills using the Smart Wallet!

  • Application requirements: Government-issued ID (identity card, employment pass, work permit) or proof of address from past 3 months (employment agreement, bank, phone or utility statement).
  • Transfer options: Top up at any of the Smart Padala agents. Complete a transaction form with the recipient’s mobile number and a proof of ID to send money
  • Transfer fee: Scaling flat fees according to the amount being sent, the minimum Php30 for Php1,000 transferred, to Php750 for amounts above Php50,000
  • Max transfer limit: Php50,000 can be purchased per day, with Php10,000 for wallet transactions
  • Pick up options: Similar to transferring, you go to a Smart Padala agent and complete a claim form

 

2. Coins.ph

send money through app

Source: Coins.ph

Coins.ph is a popular choice to send money through app. There are over 5 million users who trust in this – and no wonder since it’s got such good service. The HQ is in Manila, Philippines. And the unique aspect of this is you can pick up cash from over 10,000 different vendors, like pawn shops and payment outlets! This is banking without a bank!

 

  • Application requirements: Government-issued ID (identity card, employment pass, work permit) or proof of address from past 3 months (employment agreement, bank, phone or utility statement).
  • Transfer options: Via the app or website (bank transfer)
  • Transfer fee: No withdrawal fees. When depositing money into your Coins wallet, a bank transfer is up to 1% of the deposit amount
  • Max transfer limit: Depends on your verification level! There are four levels of verification, where the minimum allows Php50,000 cash out daily limit, and the max is unlimited.
  • Pick up options: From remittance outlets (specified on the app, like a bank such as BDO or pawnshops)

 

3. GCash

send money through app

Source: GCash

Another homegrown brand in the Philippines, GCash offers users a mobile wallet so you can buy load, make purchases and receive or send money. It’s a simple 

  • Application requirements: Government-issued ID (identity card, employment pass, work permit) or proof of address from past 3 months (employment agreement, bank, phone or utility statement).
  • Transfer options: Via the app or website (bank transfer)
  • Transfer fee: Php20 charged for every Php1,000 taken out (e.g. withdrawing Php1,500 is a Php40 charge, so Php1,540 will be deducted)
  • Max transfer limit: Daily transaction limit is Php40,000, while the monthly limit is Php100,000
  • Pick up options: From any GCash Partner Outlet 

 

4. Toast

send money through app

Source: Toast

Toast is a peer-to-peer money remittance app that is specifically targeted towards Filipinos who live in Hong Kong and Singapore.  They claim that if you send money through app using Toast, you save 81% compared to transferring through a bank. And it can be done in two minutes! The first transfer is free and the subsequent transfer fees aren’t too steep compared to others. 

Filipinos can even pay bills in the Philippines using the app!

 

  • Application requirements: Government-issued ID (identity card, employment pass, work permit) or proof of address from past 3 months (employment agreement, bank, phone or utility statement).
  • Top-up options: Via the app or website (bank transfer)
  • Transfer fee: Php128for cash pickups, Php100 for direct bank payment, free if sending to another Toast user
  • Max transfer limit: Php30,000 to Cebuana and MLhuillier accounts, Php50,000 for Direct Bank transfer
  • Pick up options: Cash pickup at over 7,000 locations, or directly to any bank

 

5. Transfer Wise

send money through app

Source: Transfer Wise

One of the leading money transfer platforms in Europe, Transfer Wise extended their services to the Philippines. Each month, over Php67.75 billion is transferred through the app and claims people save Php96 million daily. It is two-five times cheaper than transferring through a bank and one to three days quicker.

  • Application requirements: Government-issued ID (identity card, employment pass, work permit) or proof of address from past 3 months (employment agreement, bank, phone or utility statement).
  • Transfer options: Via the app, by card or direct bank transfer
  • Transfer fee: A percentage of the transfer amount (roughly 0.6% of the amount being transferred) + a small flat nominal fee.
  • Max transfer limit: $50,000 (Php2,659,500) per day and $250,000 (Php13,297,500) per year
  • Pick up options: Directly into bank account

 

Now if you send money through app, it is more secure and faster than ever! Share with your friends if anyone is unsure how to get money back to their loved ones!

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Written by

Vinnie Wong