Money Transfer Rates for Japan-Philippines Remittance

For a remittance amount of US$500, money transfer fees for Japan-to-Philippines remittance ranged from $18 to $48 on January 24, 2011, the most recent day that the World Bank conducted a survey of remittance rates for the Japan-Philippines corridor.

The money transfer rates included:
– the remittance fee
– and the foreign exchange rate margin.

Remittance fees only (without foreign exchange rate margins) ranged from $17.65 to $47.06.

The ones charging the lowest on this date were:
– SBI Remit
– MoneyGram
– Western Union
– Lloyds Remittance Service

The ones charging moderate rates on this date were:
– Metrobank
– SBI Remit
– Money Gram
– Philippine National Bank

The ones charging the highest on this date were:

– Japan Post Bank
– Citibank

* You can see that some SBI Remit and MoneyGram locations charge higher rates.

Those that transferred money on this date within one hour were:
– Moneygram
– Western Union

Those that delivered within the day were:
– Metrobank
– Philippine National Bank

Delivery the next day:
– SBI Remit

Delivery within 3 to 5 days:
– Lloyds Remittance Service
– Metrobank (deposited to account in another bank)
– Philippine National Bank (deposited to account in another bank)

Delivery within 6 days or more:
– Citibank
– Japan Post Bank

*Not all money transfer or remittance services are included in World Bank studies.

Related Articles:
Metrobank and PNB remittance locations in Japan
Western Union locations in Narita, Japan
Western Union locations in Miyagi, Japan

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