04 Sep 2024
Do you Want to learn about ways to save money on your online money transfer from France to Philippines? You will be amazed to know how slightly different ways of remitting money can help you save a lot. Many expats pay high service charges to send money to their loved ones. Also, they need help finding reasonable exchange rates, which makes the remittance process extremely expensive. Before making any money transfer, research and find affordable remittance services to help you save money.
In 2012, 50,000 Filipinos lived in France, which has significantly increased in recent years. Inward remittances are also rising in the Philippines. Nearly 1.1 million remittances increased in 2024. It shows that a lot of Filipinos are using online remittance services to stay connected with their families. As a Filipino expat, you must understand the impact of currency exchange on your remittance. Plan your remittance transactions so you can prevent additional charges applied on frequent money transfers:
It has become common for Filipinos to send money to the Philippines from France. Remittance has various purposes for some people; it is a source of income, and some use it to make investments and pay bills in their hometown. Therefore, it is crucial to find ways to make affordable remittances. Below points will help you save money on remittance:
Currency rates have a strong impact on your remittance. Due to major currency differences between the Philippines and France, you may face an increase or decrease in your transaction. The currency of France is the Euro, while Filipinos deal in Pesos. One Euro of France equals 63 Pesos. Look for suitable currency exchange institutes to get convenient exchange rates. Some institutions may charge you even for currency conversion, so stay vigilant and careful. ACE Money Transfer offers considerable conversions for euro to peso transactions, which can help you save a lot of money.
As an expat, you will have numerous options of banks and remittance services for your money transfer. Prioritize choosing an affordable remittance service. Research thoroughly and compare the price of each remittance service. Banks are one of the traditional ways of money transfer, but you will find them a little more expensive than other institutes. Look for the cheapest way to send money to the Philippines from France, like ACE. By choosing a low-cost remittance service, you can save significant money.
You must understand that whatever financial service you choose to send money greatly impacts your remittance. Always look for reliable service to ensure a safe money transfer. A good remittance service also offers regular customers a lot of discounts and promo codes to help them make frequent money transfers to their desired countries. It enables you to manage your finances as a Filipino expat worker in France. Ensure the remittance service provider has a license and guarantees payment handling. Check the reviews of the people and then choose a service.
Another way to save your remittance from additional charges is to prepare it. Set a day in a month for sending money to your loved ones or clearing all international financial duties. Frequent transactions will cause you to pay service charges on each transaction. Single transactions per month or week will help you pay service charges repeatedly, saving you money. Moreover, making large money transfers at once will also be helpful.
Many remittance services and banks offer special discounts and promo codes on special occasions. Take advantage of such opportunities and make transfers whenever you find good deals. ACE Money Transfer offers the first fee-free transaction to Filipino expats for making an instant money transfer from France to Philippines. Moreover, ACE announces yearly discounts, bonuses, and prizes through a lucky draw. Such offers can help you elevate the external expense of sending money.
Although there are many ways to send remittances, online money transfer is the most affordable option for expats. Look for online services that can help you make transactions at any time. Online methods include payment through digital wallets or bank cards as they connect the sender directly with receivers without the involvement of 3rd party, so they are cost-effective. Moreover, you don't need to visit any physical institute, which further reduces the cost of remittance.
Try to send money when exchange rates are stable. Avoid transacting money at peak currency rates. When the worth of the Filipino currency rises, you can send more money to the Philippines than when it goes down. Make maximum transactions when you find convenient exchange rates.
As a Filipino expat, you can save a lot of money by effectively planning your finances. The below points will help you save more money so you can send money online to Philippines from France frequently:
Proper budgeting is required to align your expenses. Budgeting gives you an overview of how you are going to handle your monthly expenses. List all your essential needs and make payments accordingly.
Try saving money to secure your future and meet emergency needs. Reduce your expenses and adopt a simple living style. Open a savings bank account and save money monthly to tackle your future needs.
Always look for additional income resources. Avoid relying on a single stable income and keep on growing. Look for extra ways to earn money, such as finding a remote job, starting a small business, or investing in companies.
Learn about France’s tax system, including income tax and GST. Every expat has to pay these taxes, so manage your financial resources, keeping these taxes in mind.
Effectively planning your remittance can save a lot of money. The first thing you need to do is find a suitable remittance service that offers low service charges. High-cost remittance services will make your remittance highly expensive. Also, consider whether the service provides convenient exchange rates. Maximize remittance whenever you find discounts and promo codes for sending remittances. Avoid making frequent money transfers because each transaction will cost you service charges. Avoid transferring money when you find peak rates of currency. Moreover, adopt online transactions as they can help you save a lot of money.
Saving money on remittances is essential for Filipino expats in France because it will enable them to send money to Philippines from France. Understanding remittance costs, choosing the right service, utilizing online transaction ways, and following cost-saving tips will help you save more money on remittance. Filipinos living in Australia must properly budget and learn about essential expenses for expats, such as taxes and additional billings. Financial planning will help you get stable at the earliest.
The cost of sending money abroad depends on the remittance service provider, including exchange rates and transfer fees. Compare the different remittance options, including traditional banks and online money transfer services. Always keep an eye on currency rates as they fluctuate. Make more transactions when rates are low to send more and save money. In the lives of the expats, savings plays a crucial role. It can help you overcome financial difficulties. Look for ways to increase your money by investing, saving, or finding online jobs.
You can save money by finding cost-effective remittance services that offer low service and considerable exchange rates. Plan your monthly remittance and make transactions when exchange rates are affordable. Use promo codes and discounts to save more money.
Research thoroughly and compare different remittance services. Choose to Survive, which is secure and affordable, offers discounts and promos, and fulfills all the needs of ex-pats. Check the customer reviews and then choose a reliable service.
Peak currency rates refer to times when the exchange rates are not favorable. This means your receivers receive less than what you sent, so sending money during these periods minimizes the amount.
If you make frequent remittance transfers, you will have to pay service charges on each transaction. A large remittance once will save repeated service charges and ensure constant exchange rates.
Expats can save money in France by budgeting effectively, adopting a simple lifestyle, minimizing expenses, increasing income resources, and using affordable remittance transfer services.
Reference Links:
https://www.statista.com/statistics/880780/philippines-value-of-remittances/
https://pulitzercenter.org/stories/overseas-filipino-workers-france
