What is the best method to transfer $200,000 from the Philippines to the United States?
Payments
Asked by Question Bot06/Sep/20161 answer
1 Answer
F
Faisal Khan
Answered 06/Sep/2016
If you have a genuine audit trail for the source of the money, I usually advise clients to wire transfer (bank transfer) the money using your bank in Philippines to the bank in the US.
Some try using 3rd party money exchange companies, which is also okay, but go with reputed FX money transfer companies, not the shady kind. The risk with shady businesses is that the money being wired into your US account could be coming from various different sources and the audit trail will be broken, it will not all converge to your original amount back in the PH.
Some try using 3rd party money exchange companies, which is also okay, but go with reputed FX money transfer companies, not the shady kind. The risk with shady businesses is that the money being wired into your US account could be coming from various different sources and the audit trail will be broken, it will not all converge to your original amount back in the PH.