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