Not all heroes wear capes, they say. For overseas Filipino workers, it takes blood, sweat, and tears to earn money abroad and help their families back home.
Here are some tips to make sure you (or your family) get the most out of your remittance money!
1. Make sure you are remitting money from a reliable remittance outlets
Getting to know your remittance partner might be a hefty task but its value cannot be
underestimated. You would not want your hard-earned money to go to waste by being a victim of a remittance center that is only up to scam your money.
2. Track record, longevity of existence of the remittance outlet
You can ask your friends who have tried sending money abroad to know where they remitted the money and whether or not they were satisfied with the service. It would also not hurt to ask if your remittance partner offers means to track your remittance money. There are local remittance centers that update you of the progress of your money remittance, from the moment you deposited the money to the moment the receiver claims the money.
3. Know your money
Exchange rates play a role in determining how much your family will receive, the more the merrier, right? You have to monitor exchange rates because they change on a daily basis and different remittance centers also offer different exchange rates.
Make sure to remember these tips the next time you send money to the Philippines. All your hard work should be worth it!
