Remitly allows you to send money from abroad to Landbank in the Philippines with competitive fees and a quick processing time of 1-2 business days. The service supports major banks in the Philippines and offers a convenient solution for freelancers looking to withdraw their earnings locally.
Quick Facts
| Feature | Details |
|---|---|
| Fees | Starting at $3.99 per transfer |
| Processing Time | 1-2 business days |
| Minimum Withdrawal | Varies by sender location |
| Supported Banks | Landbank, BDO, BPI, UnionBank, and more |
Step-by-Step Process
To receive money via Remitly to your Landbank account, follow these steps: 1. **Create a Remitly Account**: If you haven’t already, sign up on Remitly’s website or mobile app using your email and a secure password. 2. **Set Up a Transfer**: Log into your account and select the option to send money to the Philippines. Enter the amount you wish to transfer and choose "Bank Deposit" as the delivery method. 3. **Choose Your Bank**: From the list of supported banks, select "Landbank of the Philippines." You may also see other options like BDO and BPI. 4. **Enter Recipient Details**: Provide the recipient's full name as it appears on their bank account, their Landbank account number, and contact information. 5. **Review and Confirm**: Double-check all entered details to avoid errors. Confirm the transfer and pay using your preferred method, such as a debit or credit card. 6. **Track Your Transfer**: Once the transfer is initiated, you can track its progress via the Remitly platform. You’ll receive notifications when the money is deposited.Fees Breakdown (Philippines 2026)
Remitly offers competitive fees for transferring money to the Philippines. Here’s a detailed breakdown: - **Standard Economy Transfer**: $3.99 per transfer, typically 3-5 business days. - **Express Transfer**: Higher fee based on the amount, but faster processing within minutes. - **Currency Exchange Rate**: Remitly provides locked-in exchange rates when you set up your transfer. For example, a $100 transfer might incur a fee of $3.99, which is about P200, equivalent to a typical lunch for two in Manila. This is more affordable compared to traditional bank wire transfers, which can cost upwards of $10.Best Banks to Use
When considering receiving funds via Remitly, it’s important to choose the right bank for your needs. Here’s a comparison: - **BDO**: Offers extensive branch networks and online banking, ideal for flexibility. - **BPI**: Known for strong customer service and convenient mobile app features. - **UnionBank**: Offers advanced digital banking solutions, perfect for tech-savvy users. - **GCash/Maya**: If you prefer mobile wallets, you can transfer your funds from Landbank to GCash or Maya for easy access and bill payments. GCash guide Each bank has its strengths, so your choice may depend on your personal preferences and location.Common Problems
While using Remitly is generally straightforward, you might encounter some issues: - **Verification Issues**: Make sure your recipient's name matches the bank records exactly to avoid delays. - **Transfer Delays**: Network issues or incorrect details can cause delays. Always double-check information. - **Currency Exchange Rate Fluctuations**: Rates can vary, so it might be wise to monitor for the best rates. In my experience, I once faced a delay because I entered the wrong account number. It was a lesson in double-checking every detail before confirming a transaction.Frequently Asked Questions
How long does a Remitly transfer to Landbank take?
Remitly transfers to Landbank typically take 1-2 business days for standard delivery. Express transfers can be completed in minutes.
What are the fees for using Remitly to transfer to the Philippines?
Fees start at $3.99 for standard transfers. Express transfers may have higher fees depending on the transfer amount and urgency.
Can I use Remitly to send money to mobile wallets like GCash?
Yes, you can transfer funds from your bank account to GCash or Maya after receiving them in your Landbank account. GCash guide
What if my transfer is delayed?
Contact Remitly customer support for assistance. Ensure all recipient details are correct to prevent delays.
Is Remitly safe to use?
Yes, Remitly is a secure and reliable service with high customer ratings and compliance with financial regulations.
My Recommendation
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