Philippine Banks: How Much Do They Deduct from Your Funds? [Survey]

Money transfer services are an essential part of a Pinoy freelancer’s business, since majority of the clients s/he services are located abroad.

Thanks to PayPal, Payoneer, Google Check-out and the oDesk Local Funds Transfer, Philippine-based freelancers can receive funds in foreign currency and convert them into Philippine peso.

Now with so many banks to choose from, it’s important to know which bank transfers funds free of charge or how much a bank charges/deducts for such transactions (remittances, as they usually call them). I’d like to find out just how much these banks are really charging.

I created this survey to see which banks Pinoy freelancers use to receive funds from clients and online transactions and how much they deduct. I sure hope you can support this little project of mine by:

• Answering the survey (if you use money transfer services)
• Sharing the survey to fellow freelancers as well.

The final results will help inform freelancers canvassing for banks to receive their funds online.

Thank you!

About Stef G.

Stef is a freelance copywriter and blogger specializing in product copy and writing articles for blogs she's passionate about. She also likes reading fiction, poetry, singing, and helping her fellow freelancers out whenever she can. Follow her on Twitter @stefgonzaga.

Other Posts:

1. oDesk Launches Philippine Local Funds Transfer as an Official Withdrawal Method
2. oDesk Local Funds Transfer: My Own Personal Experience
3. Local Funds Transfer: A Big Financial Break for Pinoy oDesk Contractors
4. How to Verify Your Philippine PayPal Account
5. An Overview: Withdraw from PayPal to a Philippine Bank Account