How to Send Money within the Philippines for Free

by Gily Tenorio on October 13, 2010

in Personal Finance


Money transfer or sending money in the Philippines is a hit business. It is the reason there are lots of companies offering money transfer or sending money in the country.

When you want to send money within the Philippines to your relatives, you need to go to a Western Union, MLhuilier, Cebuana Lhuilier or any money transfer company. They earn money from the fee that they charged everytime you send money to them.

The services of these companies are safe and secure. It is proven and fast that your money will be received by your loved ones anywhere in the country provided there is a one branch near your relative’s place.

The fee charged for sending money varies depending on the amount of money that you will send. The higher the amount, the higher the fee will be. For us customers, it is not a good news because we will pay higher for higher amount of money that we will send.

However, if you want to send money to anywhere in the Philippines for free, you must have first BPI savings account. When you have BPI account, you can apply for a BPI Express Money Order (EMO) Card or BPI Express Cash (EC) card. These two cards are almost the same as an ATM card but they are not a bank or savings account.

You can only have that cards if you have a BPI bank account and you will apply for that cards. If you regularly send money to your relatives, BPI Express Money Order card is a good choice. You must apply a card for your relatives with their names embedded on the card. This card is only for sending or transferring money from your bank account to the card. You cannot use it to buy something in the mall or supermarket.

On the other hand, BPI Express Cash Card can be used to send money and to purchase items in the mall or supermarket provided it has enough balance.

BPI charged P100 for the application of each card with expiration of two and four years for BPI EC card and BPI EMO card, respectively.

Based on my experience, BPI EMO card is really helpful and easy to use. I’ve been using it for 6 years now since I started working in 2004. When I want to send money to my mother or my wife, I will just send or transfer the money from my BPI account to her BPI Express Money Order card. I will text her or call her that the money is already in her card and then , she will withdraw the money to any BPI ATM machine.

You cannot withdraw to other bank ATM, you can only withdraw money from your BPI EMO or EC card to BPI ATM.

If you want to send money to your relatives for free, you should consider applying for BPI bank acount and then apply your relatives BPI Express Cash card or BPI Express Money Order card. As far as I know, you will be allowed to apply for up to 10 EMO or EC cards.

Comments on this entry are closed.

Roger December 11, 2010 at 08:13

what if I’m here in the USA and don’t have BPI account but my recipient uses BPI? So I will tell him to apply for that BPI EMO or EC? Or do I need to have a personal BPI account for me to be able to transfer funds to his BPI account? Well I guess my question is would it be free to remit money to his BPI account when I don’t have a BPI bank account? Thanks…

rhey November 5, 2010 at 07:02

Online banking is very helpful. i used metrobank e-banking when remitting money to my mother and monther-n-law. No hassle no fee to pay and any time I could transfer money to their accounts. Now i’m studying how to invest

melanie October 21, 2010 at 06:00

id like to open an account…is that ok even im here in korea?can u give me an idea how can i open BPI account?

Gil October 22, 2010 at 10:01

Hi Melanie,

Yes you can open a BPI account. Just visit BPI website.

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