2 Factors OFW’s Must Consider Before Trying to Send Money to Philippines

The Overseas Filipino Workers or commonly known as OFW’s are considered the modern Filipino heroes. Leaving their families behind and working at a foreign land is just one of the sacrifices they have to do in order to provide a better future to their kids and loved ones. A massive increase in the number of OFW’s leaving the country and choosing to settle and work abroad has been evident throughout the years. Because of this, the Philippine remittance industry has been strong and is even growing. Even professionals like doctors and teachers are opting to seek for greener pastures to be able send money to Philippines.

But working abroad is not just about earning a lot and making the Philippine remittance industry stronger. OFW’s must always put in mind that there are some things that must be fully understood. There are 3 factors that they must consider before trying to send money to Philippines:

WHERE TO REMIT

There are a lot of remitting companies worldwide but careful study must be done in able to choose the best one. It is healthy to choose a remitting company that allows money transfer to be done online since it will serve as a substitute to the traditional setup using money, papers and checks. There are remitting companies that prioritizes Philippine remittance, stick with these.

FREQUENCY OF REMITTING

The right time to send money to Philippines is usually after the pay day. There are surely a lot of OFW’s who will take the first opportunity to send money immediately. To avoid the hassle, choose the day after or several days after. Now, the frequency will depend on the salary terms of the one remitting and the need to remit to the Philippines.

OFW’s are truly the modern heroes. They work hard not just for the money but for also for their pride, their pride as Filipinos.

About the Author:

Ernestine Tamayo is an OFW working in the US. She is a supporter of the Philippine remittance and never fails to send money to Philippines to extend her help to her loved ones.