Sending Money: Azerbaijan To Philippines Simplified

There are several ways to send money from Azerbaijan to the Philippines, each varying in cost and speed. The fastest way to send money is through Western Union’s fast option, which can see your money reach its destination in a matter of minutes. However, this option is more expensive than most of the competition. Wise, a peer-to-peer money transfer system, is one of the cheapest ways to send money, with low upfront fees and no hidden currency conversion costs. Other options include Remitly, which offers no fees on your first transfer, and XE, which has a low exchange rate and transfer fee.

Using Western Union

Western Union is a good option for sending money from Azerbaijan to the Philippines as it is available in both countries. Western Union has been moving money for over 145 years and is available in more than 200 countries and territories.

To send money from Azerbaijan to the Philippines using Western Union, you can follow these general steps:

• Find your nearest Western Union agent location in Azerbaijan. You can use the online search tool on their website or the app to locate an agent near you.
• Visit the Western Union agent location and provide them with the necessary information, including the amount you want to send, the destination country, and your receiver's details. You will also need to present a valid government-issued ID, such as your passport or driver's license.
• Choose the payout method that suits your receiver: cash, direct to the bank account, or mobile wallet. Western Union works with major banks in the Philippines, including Banco de Oro, Bank of the Philippine Islands, and the Philippine National Bank.
• Pay for the money transfer and any associated fees. Western Union offers competitive rates and sometimes has promotions for new customers, so be sure to ask about any ongoing promotions.
• After completing the transaction, you will receive a tracking number (MTCN) that you can use to track your money transfer online or through the Western Union app. Share this tracking number with your receiver so that they can also track the transfer.

Western Union offers several convenient ways to send and receive money. You can transfer money online through their website or app, or you can initiate the transfer digitally and complete the payment in-store at an agent location. Additionally, Western Union provides a variety of payment options, including cash, credit or debit card, and bank transfers.

Sending cash

• Western Union: With Western Union's fast option, you can expect your money to reach the destination in the Philippines in a matter of minutes. Cash pickups are the fastest and easiest method to organise, while bank transfers can take longer. The main downside to Western Union is that it is more expensive than most of the competition.
• Wise: Wise is a peer-to-peer money transfer system that makes sending money to the Philippines easy. Once you set up your account, you just need to follow their simple process whenever you need to send money. First, enter the amount of money to be sent, then tap in the destination for the money, pay Wise for the transaction, and wait a day or two for your money to reach its destination. Wise is also one of the cheapest options, with a very small upfront fee and no hidden currency conversion costs.
• Remitly: Remitly offers worry-free transfers with great rates and no hidden fees. You can track your transfer every step of the way, and they guarantee delivery time.
• OFX: OFX is a currency specialist that offers quick international transfers and currency risk management solutions for individuals and businesses. You can send payments with OFX online, in-app, or access a 24/7 phone service.
• XE: XE offers money transfers online and in-app to over 104 countries. Transfer times vary based on how you choose to pay and the country you're sending to, and XE exchange rates can include a lower markup compared to a regular bank.

It's important to note that some providers will have maximum transfer amounts, and there may be tax implications for large transfers. Additionally, the overall fee you pay can include the transfer fee, an extra charge wrapped up in the exchange rate used, and third-party charges.

Using Wise

Wise, formerly known as TransferWise, is a London-based online money transfer company that offers a cheap and fast way to send money abroad. It is an authorised Electronic Money Institution independently regulated by the Financial Conduct Authority (FCA) in the United Kingdom, making it perfectly safe for international money transfers.

Wise has more than 750 currency routes worldwide, including GBP, USD, EUR, AUD, and CAD, and also provides multi-currency accounts. It is important to note that Wise does not currently support sending AZN to the Philippines from Azerbaijan. However, you can send USD to the Philippines from Azerbaijan using an international wire transfer.

Step 1: Sign Up

Sign up with Wise for free using your email address or your Google or Facebook account. If you already have an account, go to the Wise website homepage and select 'Send Money'.

Step 2: Amount

Type in the amount you want to send. If it is important that your recipient receives an exact amount, type that amount into the 'Recipient gets' box, and Wise will automatically calculate how much you need to send.

Step 3: Transfer Type

Indicate whether it is a 'Personal Transfer' or a 'Business Transfer'. If you are sending money from your personal bank account, select 'Personal Transfer'.

Step 4: Personal Details

Fill in your personal details, such as your address, and for large transfers, Wise may also ask for a photo of your ID.

Step 5: Recipient's Bank Details

Add the recipient's bank details. If you have them, simply enter them, and Wise will transfer the money to that account. If you don't have their details, uncheck the box, and Wise will send an email to the recipient requesting the information.

Step 6: Review

Review all the details and ensure that everything is correct before transferring the money.

Step 7: Payment

Choose your transfer type and payment method. You can send your money via bank transfer, or a debit or credit card. Wise will inform you of the fees and how long it will take for the money to arrive.

Step 8: Confirmation

You will receive a confirmation email from Wise regarding your transfer, and they will notify you and the recipient when the money is on its way. You can track your transfer through your Wise account.

Bank transfers

To send money from Azerbaijan to the Philippines via bank transfer, you can use a specialist money transfer service or your bank.

Specialist Money Transfer Services

Services like Western Union, MoneyGram, OFX, and XE offer bank transfers from Azerbaijan to the Philippines. These services can often be faster and cheaper than banks, and some have mobile apps that allow you to track your transfer.

Bank Transfer

Most banks will let you send money internationally online, by visiting a branch, or by phone. You can send money directly from your bank account to your recipient's local bank account in your chosen currency. However, this option can take 3-5 working days, as banks usually process international money transfers through the SWIFT network, which involves passing payments through several intermediaries.

What You'll Need

To send money from Azerbaijan to the Philippines, you'll typically need:

• Your name, address, and contact details
• Proof of ID (e.g., passport, driver's license)
• Payment method (e.g., cash, debit/credit card, bank account transfer)
• Recipient's name, contact information, and bank account details (account number, SWIFT/IBAN, and branch address)

Using Remitly

To send money from Azerbaijan to the Philippines using Remitly, you'll first need to create an account. You can do this through the Remitly website or by downloading the app on your phone via the App Store or Google Play. Once you have an account, follow these steps:

• Choose your delivery method.
• Enter the name and information of the person receiving the money.
• Select the currency and the amount you want to send, as well as the delivery speed.
• Choose how your money is delivered. Remitly offers various delivery options, including cash pickup, bank deposit, mobile money, and home delivery.
• Enter your payment information and confirm the transfer.

Remitly offers consistently great rates with no hidden fees. You'll be able to see all fees before sending your money, and the company guarantees that transfers will be delivered on time or your fees will be refunded. You and your recipient can also track your transfer every step of the way.

Frequently asked questions