Today, there are now many available payment options in the Philippines and Western Union is just one among them. This company has been operating for many years now where they built their trust and reliability of service to their countless number of customers not only in the Philippines but all over the world.
Other top similar companies in the Philippines that are competing for the same type of service include LBC, Palawan Express, Cebuana, and etc…
When it comes to their service, all payment options companies are really serving their customer pretty well with great satisfaction. This is the reason why competition among companies is good.
The only difference between all payment options is actually their rates. Some will have higher rates while others have lower rates. Thus, it would take some research if you want to take advantage of the company that offers the lowest amount of rate.
Rate actually depends on the amount of money that you are going to send and the location or destination as to where it is going to be received. When sending out to another country, you have to expect that you will be paying a higher amount of rate as compared to local.
On this post, we are only going to cover Western Union Pera Padala rates. Those other companies are covered on separate posts.
Aside from Western Union’s secure and reliable service, they actually have over 10,000 branches scattered on different places across the country. This means that there is a huge chance that one of these branches is near your place.
Western Union Pera Padala Rates
If you really need to send money fast to someone whom you know then you should consider using Western Union. You can send money on both domestic and overseas.
Below are the following rates that will be charged for using Western Union’s service:
Domestic Rates
1 to 500 pesos – 5 pesos fee
501 to 1,000 pesos – 15 pesos fee
1,001 to 2,000 pesos – 25 pesos fee
2,001 to 3,000 pesos – 45 pesos fee
3,001 to 5,000 pesos – 85 pesos fee
5,001 to 7,000 pesos – 115 pesos fee
7,001 to 10,000 pesos – 125 pesos fee
10,001 to 15,000 pesos – 540 pesos fee
15,001 to 50,000 pesos – 595 pesos fee
50,000 and above – 2 percent of the amount to send
International Rates
1 to 1,000 pesos – 500 pesos fee
10,000 to 50,000 pesos – 850 pesos fee
100,001 and above – 1,100 pesos fee
Step 1: There are two types of form which is the “Send Form” and the “Receive Form”. Thus, make sure that you take the Send Form and fill it up with the necessary information.
If you are trying to send money into your bank then you have to include your receiver’s bank name and your bank account number.
Step 2: You may have to wait in-line and submit your form to the agent. Along with the form, you also need to give the money that you are going to send and a valid ID.
Step 3: The agent will ask for the transfer fee which is the cost for their service. At this point, the agent may ask you to wait for a few seconds. Then when they are done, you will be called back by the agent to give you your receipt.
Your receipt contains important information which is the Money Transfer Control Number or MTCN. Thus, do not disclose it to anyone except for the person whom you want to receive the money.
Step 4: Contact the person who is going to receive the money that you just sent, and then provide the necessary information. These are the MTCN and the exact amount of money that it is going to be received.
Step 1: Assuming that you are the receiver, it is important that you need to know your sender’s details. It’s because on the Receive Form, you need to fill-in your sender’s name, the amount sent, and the MTCN number.
Step 2: Accomplish the Receive Form by putting all the necessary information mentioned on the first step. Then submit it to the agent for verification. The agent will also ask for your valid ID to confirm your identity as the right person who will receive the money.
Step 3: When the agent finally verified the details that you provided so as your identity, the money will now be released and given to you. Before you leave, don’t forget your receipt.
Moreover, apart from the rates or transaction fees, Western Union can also make some money out from their currency exchange rate. This only applies for sending or receiving foreign currencies.
For example, you will be receiving a certain amount of money in the form of US dollar currency. Before the money is handed to you, the agent will always ask for your permission if you would like to exchange it to Philippine peso. The decision is all up to you.
Take note: Western Union’s transaction fees and rates discussed on this post are subjected to change without notice.
Other top similar companies in the Philippines that are competing for the same type of service include LBC, Palawan Express, Cebuana, and etc…
When it comes to their service, all payment options companies are really serving their customer pretty well with great satisfaction. This is the reason why competition among companies is good.
The only difference between all payment options is actually their rates. Some will have higher rates while others have lower rates. Thus, it would take some research if you want to take advantage of the company that offers the lowest amount of rate.
Rate actually depends on the amount of money that you are going to send and the location or destination as to where it is going to be received. When sending out to another country, you have to expect that you will be paying a higher amount of rate as compared to local.
On this post, we are only going to cover Western Union Pera Padala rates. Those other companies are covered on separate posts.
Aside from Western Union’s secure and reliable service, they actually have over 10,000 branches scattered on different places across the country. This means that there is a huge chance that one of these branches is near your place.
Western Union Pera Padala Rates
If you really need to send money fast to someone whom you know then you should consider using Western Union. You can send money on both domestic and overseas.
Below are the following rates that will be charged for using Western Union’s service:
Domestic Rates
1 to 500 pesos – 5 pesos fee
501 to 1,000 pesos – 15 pesos fee
1,001 to 2,000 pesos – 25 pesos fee
2,001 to 3,000 pesos – 45 pesos fee
3,001 to 5,000 pesos – 85 pesos fee
5,001 to 7,000 pesos – 115 pesos fee
7,001 to 10,000 pesos – 125 pesos fee
10,001 to 15,000 pesos – 540 pesos fee
15,001 to 50,000 pesos – 595 pesos fee
50,000 and above – 2 percent of the amount to send
International Rates
1 to 1,000 pesos – 500 pesos fee
10,000 to 50,000 pesos – 850 pesos fee
100,001 and above – 1,100 pesos fee
Procedures of Sending Money via Western Union
Step 1: There are two types of form which is the “Send Form” and the “Receive Form”. Thus, make sure that you take the Send Form and fill it up with the necessary information.
If you are trying to send money into your bank then you have to include your receiver’s bank name and your bank account number.
Step 2: You may have to wait in-line and submit your form to the agent. Along with the form, you also need to give the money that you are going to send and a valid ID.
Step 3: The agent will ask for the transfer fee which is the cost for their service. At this point, the agent may ask you to wait for a few seconds. Then when they are done, you will be called back by the agent to give you your receipt.
Your receipt contains important information which is the Money Transfer Control Number or MTCN. Thus, do not disclose it to anyone except for the person whom you want to receive the money.
Step 4: Contact the person who is going to receive the money that you just sent, and then provide the necessary information. These are the MTCN and the exact amount of money that it is going to be received.
Procedures of Receiving Money via Western Union
Step 1: Assuming that you are the receiver, it is important that you need to know your sender’s details. It’s because on the Receive Form, you need to fill-in your sender’s name, the amount sent, and the MTCN number.
Step 2: Accomplish the Receive Form by putting all the necessary information mentioned on the first step. Then submit it to the agent for verification. The agent will also ask for your valid ID to confirm your identity as the right person who will receive the money.
Step 3: When the agent finally verified the details that you provided so as your identity, the money will now be released and given to you. Before you leave, don’t forget your receipt.
Moreover, apart from the rates or transaction fees, Western Union can also make some money out from their currency exchange rate. This only applies for sending or receiving foreign currencies.
For example, you will be receiving a certain amount of money in the form of US dollar currency. Before the money is handed to you, the agent will always ask for your permission if you would like to exchange it to Philippine peso. The decision is all up to you.
Take note: Western Union’s transaction fees and rates discussed on this post are subjected to change without notice.
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