One of our fundamental plans of building this blog-site is to give every information to the readers and visitors including the Pros and Cons of each service, the advantages and disadvantages and also my personal opinion and experience. This way, im giving my visitors and readers the “Authority” to choose which programs suit their needs best. Im starting off with Metrobank money transfer to the Philippines.

Personally, I have never tried to use their service to send money to Philippines but I know they are one of the biggest banks in the Philippines so I think it would be beneficial to review their service first.

The process of money remittance:

1. The money sender must visit a MetroBank branch or any of its correspondent banks abroad .
2. He/She must be validated for identity and address. The sender will be asked to present: a passport, a work permit and/or a driver’s license.
3. If it is a first time transaction, the remitter fills out a remittance application form indicating information about himself and his beneficiary (i.e. complete name, address, contact number/s, account number, bank where the account is maintained)
4. The sender choose any of the following services:
   Credit to MetroBank account - If the recipient has a Metrobank account. Over-the-Counter - The recipient receives the money from any metrobank branch.                                                                                                                       Door-to-Door - The money will be delivered to the recipient.                                           Credit to other Banks - Funds will be deposited to account from other Bank
5. The sender specifies the amount of money for transfer to the Philippines.
6. The remittance officer issues a transaction receipt to the sender.

The Good:

• Filipinos trust the Bank name. Good reputation.
• Numerous correspondent banks on certain parts of the globe.

The Bad:

• Expensive - Different parts in the US have different rates (This I dont understand why)
• Sender must go to a MetroBank branch or any of its correspondent banks
• Sender have to wait in line
• Strict requirements - You should bring all the requirements especially if its your first time.
• Correspondent banks are not widely available. (Pretty hard if youre not working in the city limits)
• No tracking service functionality.
• No Guarantee - A big factor for security and safety to send money to the Philippines. (Havent seen any in their site)

Our Opinion:

Metrobank is a trusted name in the Philippines and I think they are one of the most trusted here. However, its completely a different thing if youre extending your services abroad. Online remittance to the Philippines is an industry that is increasingly on demand. In order to cope up, MetroBank has to have more functionalities, more services and more improvements to have an A rating.

Our rating:

2 stars out of 5.

“Did the author miss anything? Do you have anything in mind? Please do not hesitate to contact us at your earliest convenience. Thank You”

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In recent years, United Kingdom has been called home for much of the overseas filipino workers or widely known as the OFW’s. Deemed more livable than United States, UK has been a prime destination for skilled workers and and immigrants alike.

Given the fact that these skilled workers are working pretty hard to send money to the Philippines, one cannot set aside the problem of unsecured money remittance to the Philippines. Let me tell you a brief story about my aunt who has been nurse in London for 12 years now. Her family is still in the Philippines and she occasionally send money to them via “pakiusap” or asking people who are going home to bring the money home. Three Christmas seasons ago, this practice came to an abrupt halt when she sent money to the philippines via a friend and this friend of hers claimed that the bag where she hid the money was misplaced on her way home from the airport. To make the story short, the money was gone. Without a trace.

Now a moral should be seen in this situation; money remittance to the philippines is not a small deal. The right people and the right company should handle this things for a safer delivery. Now, my aunt sends money using iKobo Money Transfer after I convinced her to do so.

This is one of the main reasons why I established this site my dear friends. To help people not only from UK but to any area of the world to safely send money to the philippines.

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