Many Filipinos working abroad need to send money home. This LBC remittance guide helps you find the best ways to do this through LBC Express and its partners.
LBC Express works with trusted partners like Remitly, WorldRemit, and Western Union. They also partner with SingX and Xoom. These services help you send money to the Philippines. Knowing the fees, exchange rates, speed, and availability can help you choose wisely.
In the Philippines, places like LBC Express, Cebuana Lhuillier, and Palawan Pawnshop are well-liked. Digital platforms like Paypal, GCash, and Maya are also popular. GCash, for example, has 60 million users and can transfer money quickly.
LBC Express has partners like Intermex, Uniteller, and Ria Money Transfer. This ensures your money gets to your loved ones fast and safely. Whether you choose Remitly’s 1.5% fee or WorldRemit’s about 1% fee, this guide helps you pick the best option for you.
Understanding LBC Remittance Services
LBC remittance services are popular for being efficient and secure. They help people in the Philippines send money easily. You can send money directly to a bank or pick it up at many branches and agents.
LBC works with big names like Western Union and MoneyGram. This means they can send money safely to many countries. This includes the US, Canada, the UK, and parts of Asia and the Middle East.
It usually takes 3 to 5 days for money to arrive in the Philippines. This time can change based on the sender’s bank and the amount sent. The fees are clear and often lower than others.
LBC also teams up with Cebuana Lhuillier, with over 2,500 branches. This makes sending money easy and convenient. You can also use GCash for more ways to send money.
For tips on sending money safely and affordably, check out this conversion guide. It shows how people worldwide send money effectively.
Guide to LBC Remittance Partners
Knowing the LBC global remittance partners is key for those looking for reliable LBC money transfer options. The LBC partners list features top global money transfer services. This gives clients many choices for sending and receiving money.
Cebuana Lhuillier is a major name on the LBC partners list. It has over 3 million global touchpoints. They work with more than 100 global leaders, including Western Union, MoneyGram, and Ria. With 3,500 branches and 25,000 authorized agents in the Philippines, Cebuana Lhuillier has strong partnerships with institutions like SM Bills Pay and eBiz.
For sending money directly to bank accounts or e-wallets, Cebuana Lhuillier’s Remit to Account (RTA) service is great. This service, working with BDO, BPI, and G-CASH, offers unmatched convenience. Their Cash-In/Cash-Out (CICO) services also connect cash and digital payments, using their wide network.
LBC’s services are improved by its partnership with the PLDT Group. They use the AI-backed platform FlutterFlow for better logistics and customer service. This is important as the e-commerce sector in the Philippines is expected to grow to $22 billion by 2025.
| Provider | Coverage | Fees | Transfer Time | Customer Ratings |
|---|---|---|---|---|
| Wise | Worldwide | Low | Minutes to 2-3 days | 4.5/5 |
| OFX | Worldwide | Low | Same day to 2-3 days | 4/5 |
| WorldRemit | 150+ countries | Varies | Minutes to 1-2 days | 4.5/5 |
| Western Union | 200+ countries | Varies | Minutes | 3.5/5 |
| Revolut | Worldwide | Low | Minutes | 4/5 |
How to Send Money with LBC Remittance
Sending money with LBC is easy and reliable. It makes sure your money gets to where it needs to go safely and on time. The steps to send money with LBC are simple.
To start, go to any LBC branch or an authorized partner. You’ll need a valid ID and the recipient’s information. LBC also has an online platform and a mobile app for digital transactions.
- Visit an LBC branch or use the digital platform: Start by visiting any of the over 11,000 locations available for claiming cash in Metrobank cash collection payments, or access the LBC online platform.
- Provide recipient details: For the remittance, you must provide specific recipient details including their bank account information for account credits, or ID details for cash pickups.
- Choose the delivery method: Depending on the recipient’s preference, select from options like real-time account crediting, credits to other Philippine bank accounts within 24 hours, or cash pickup through partners like PSBank and Villarica.
- Confirm and track the transaction: Once all the details have been provided, confirm the transaction. You can track the progress of your remittance using LBC’s tracking feature, available both online and through their mobile app.
For a better experience, compare different money transfer services. For example, Wise has low fees and good exchange rates. This can make sending money with LBC more affordable and efficient.
Benefits of Using LBC Remittance Partners
LBC remittance partners offer a seamless experience by integrating with other LBC services. This means you can handle your financial and logistical needs in one place. It’s all about making things easier and more efficient for you.
Another great thing about LBC is its Shipping Insurance. It protects your packages from loss or damage, giving you peace of mind. The insurance covers many items, but not perishables, flammable stuff, or precious metals. LBC makes it easy to file claims, showing they care about your satisfaction.
The LBC Mobile App adds even more value with its easy-to-use design. It’s perfect for Overseas Filipino Workers (OFWs) and their families who need to send money. You can send money, pay bills, or schedule deliveries with just a few taps. Plus, it’s secure, thanks to encryption and two-factor authentication.
In short, LBC remittance partners offer a lot of benefits. From integrated services to advanced tech, LBC is a top pick for those seeking efficient and secure solutions.
