Question 1

What's the best way to send money to Philippines from Reunion?

Accepted Answer

With the global remittance market booming, there are so many choices for Euro to PHP money transfers. To make it even more complicated, new Fintech companies keep entering the space, making it harder for remitters to decide which company to choose to send money overseas.

Our money transfer comparison engine does all the hard work for you by searching and comparing numerous companies that specialize in foreign exchange transactions, and picking the best ones for sending money to Philippines from Reunion. This way, you do not have to manually search and compare these companies which is very time consuming. All remittance companies on our platform are established, secure providers that our expert team has selected.

We also provide you with attractive deals and promotions from our partners; these offers help you further maximize the final PHP amount that your recipient gets. We, along with our partners, work hard to provide you with the best discounts and offers that you can use when you send money internationally.

Question 2

How to get the best exchange rate for your money transfers from Reunion to Philippines?

Accepted Answer

Foreign exchange rates are highly volatile, and it may seem difficult to decide the best timing for your next transfer to Philippines from Reunion. Another added complexity is the multitude of choices at your disposal - ranging from your bank, to established operators like WesterUnion and Moneygram, to so many remittance startups and companies, to multi currency bank accounts. It would be ideal if there was an automated way to stay updated with the ever changing remittance landscape.

One way you could eliminate the manual work to search and compare providers for your EUR to Philippine Peso money transfers is by signing up for the RemitFinder daily rate alert. It is completely free; we do the hard work of comparing various remittance companies, and send you all the info you need.

We are also constantly adding new partners for the Reunion to Philippines corridor to give you more good choices for your next PHP money transfer. This way you do not miss out on additional options to potentially save more.

Question 3

What's the cheapest way to send money from Reunion to Philippines?

Accepted Answer

The final amount your recipient gets when you send EUR to PHP is the most important number that matters. In other words, you should try to minimize the impact of fees and other hidden charges (bad exchange rate is one of them) to achieve the most cost effective cross border remittance.

Before the dawn of the modern internet era, traditional methods to send money from Reunion to Philippines used to be banks, and small, local remittance players located in retail outlets and convenience stores. Unfortunately, all these options entail high fees and often provide low exchange rates - this results in an expensive money transfer whereby a big chunk of your hard earned money does not reach your recipient.

A great way to find the cheapest options to send Philippine Peso is by comparing numerous foreign exchange operators and service providers on RemitFinder. By eliminating the process of manually searching and comparing various companies, you can easily compare all your options in one place, thereby saving time and money. This way, you can get the best Euro to Philippines exchange rate. Further savings can be realized by utilizing many exclusive offers and promotions from our partners. These deals can help lower the cost of a money transfer even more, thereby giving you a higher return.

Question 4

How to send money from Reunion to Philippines through a bank?

Accepted Answer

We do not recommend using your local bank in Reunion for your next EUR to PHP overseas funds transfer. The reason for this is that banks are known to give you worse exchange rates and yet charge high foreign exchange fees. That is a double whammy that will make the transaction much more expensive for you.

That said, there may be circumstances you may want to consider your bank for your international funds transfer. For example, if you need to move a very large sum of money from Reunion to Philippines (for property purchase, or any such high value transaction), and do not want smaller transactions. In such cases, be sure to carefully inspect all details of the remittance transaction that your bank offers you. You can use the RemitFinder remittance search engine to compare your bank's quote with many other money transfer companies to try to negotiate a better deal with your bank.

Notwithstanding any unique circumstances as above, you will generally save more by relying on online foreign exchange companies for sending PHP to Philippines. These companies will let you use your local bank account in Reunion to pay for your Philippines money transfer, but will likely save you a lot of money by affording better rates and citing lower foreign exchange transaction fees.

Question 5

What is the fastest way to transfer money from Reunion to Philippines?

Accepted Answer

It could be a stressful experience if you need to rush money quickly from Reunion to Philippines. How do you decide which option to pick to ensure your funds arrive at the destination in the fastest possible way?

First, you should ensure that you are picking the right payment method to convert EUR to PHP. Most remittance companies will allow you to pay by cash, with credit or debit cards, via a direct bank transfer, through a wire transfer, and so on. Digital payment methods like wire transfers and bank transfers will certainly delay your transaction as compared to cash payments.

Similarly, on the receiving side, your recipient also has multiple options to collect their monies in Philippine Peso. The payout choices generally include cash pickup, direct bank transfer, loading up a mobile wallet, and mobile airtime top up. If transaction speed is important, you could choose cash pickup if the receiver can access a close by pickup location. Just be aware that the exchange rate on cash transactions may not be the best, and there is risk in handling cash, especially for larger amounts. Otherwise, a mobile airtime top up or a bank deposit may be the next fastest possible ways unless there are bank holidays going on.

Foreign exchange transaction speed also depends on some additional factors like transfer amount, compliance and regulatory processes and vary from provider to provider. Check out our remittance guide to answer any questions you may have on how remittances work in general, and what factors affect the speed of your Reunion to Philippines money transfers.

Question 6

Which are the best money transfer companies to send money to Philippines from Reunion?

Accepted Answer

Reunion to Philippines money transfer space is highly competitive, and there are numerous remittance service providers competing for your business. Given that, how do you ensure you are choosing the best company when you send money overseas?

To be able to make an informed decision, the first thing you would want to do is to be aware of your selection criteria. For example, do you need the money to reach Philippines as fast as possible? Are you sending a small or large amount? Do you prefer fixed exchange rates or are comfortable with indicative rates? And so on. Honing your preferences will help you decide which remittance company to go with.

Once you have defined your parameters, selecting the best Euro to Philippine Peso money transfers is easy. Simply punch in your country combination on RemitFinder, and compare numerous companies quickly to be able to select the ones that match your preferences.

Question 7

Step by step guide to send money to Philippines from Reunion

Accepted Answer

Sending money internationally is very common these days, especially given the large communities of expats living abroad. If you are one of them, and need to send money from Reunion to Philippines, then please continue to read.

One of the hardest things in the foreign currency transaction world is to find the best company to move your money abroad. There are so many choices to remit funds from Reunion to Philippines that you may feel a bit lost. This is where RemitFinder comes in. You can relax as we do all the hard work to search and compare numerous money transfer companies for you.

Once you identify your provider of choice, follow the below step by step guide to send money.

Provide your name, address, photo ID and other related information as part of the signup process. Forex companies are regulated to ensure that your money is safe, so providing this information ensures compliance laws are adhered to.
Provide information about the receiver - name, address and a bank account in Philippines where they can receive monies in Philippine Peso.
Then, provide details of your Reunion bank account so you can transfer the funds to the provider to allow them to do the transaction on your behalf.
Finally, select the amount you want to transfer, and click Send.
The provider will start your transaction, and keep you updated on the progress of your transfer.

Also, keep an eye on any discount or promotional coupon codes as they may help lower the cost of your remittance. The process is quite easy and you can see your EUR travel to another part of the globe.

1 EUR	69.23 PHP
5 EUR	346.13 PHP
10 EUR	692.26 PHP
25 EUR	1,730.66 PHP
50 EUR	3,461.31 PHP
100 EUR	6,922.63 PHP
150 EUR	10,383.95 PHP
200 EUR	13,845.26 PHP
250 EUR	17,306.57 PHP
300 EUR	20,767.89 PHP
400 EUR	27,690.52 PHP
500 EUR	34,613.15 PHP
600 EUR	41,535.78 PHP
700 EUR	48,458.41 PHP
800 EUR	55,381.04 PHP
1000 EUR	69,226.30 PHP
1500 EUR	103,839.45 PHP
2000 EUR	138,452.60 PHP
2500 EUR	173,065.75 PHP
3000 EUR	207,678.90 PHP
4000 EUR	276,905.20 PHP
5000 EUR	346,131.50 PHP
10000 EUR	692,263.00 PHP
15000 EUR	1,038,394.50 PHP
20000 EUR	1,384,526.00 PHP
30000 EUR	2,076,789.00 PHP
40000 EUR	2,769,052.00 PHP
50000 EUR	3,461,315.00 PHP
100000 EUR	6,922,630.00 PHP

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