3 Common Reasons Filipinos Abroad Send Money Back Home

Introduction

Many Filipinos are tempted to find employment in other countries and work there as OFWs. In these foreign nations, they often receive better wages and job benefits compared to typical companies back here in the Philippines.

With the money they earn, they can support their families financially by sending a part of their salary. This entails finding the best ways to transfer money internationally to ensure safe and secure transactions. That’s easy for OFWs who use the services offered by remittance centers affiliated with Cebuana Lhuillier. Feel free to contact us for more information about our international money transfer partners.

Reasons To Send Money From Abroad 

Many Filipinos jump through hoops just to be allowed to leave the country and work in a foreign nation. The process can be quite tedious, so it can take weeks or even months for someone to complete everything before they can fly abroad for their new employment opportunity.

Once they’re in another country and they start earning a decent income, a portion of their salary will be sent back home to their families. There are a lot of reasons OFWs do this, and here are a few examples:

Help With the Expenses 

Among the primary reasons OFWs need to find the best overseas money transfer channels is to provide for their families. Many Filipinos working abroad are breadwinners who bear the responsibility of earning money and shouldering a large portion, if not all, of the expenses at home. These would include money used for food, monthly bills, and sometimes school tuition and allowance for kids who are still studying.

Even OFWs who aren’t necessarily breadwinners still send money back to their loved ones in the Philippines. Filipinos tend to show gratitude to their parents and other family members, so they voluntarily offer financial support and help with the expenses once they start working. This is especially the case for Pinoy workers abroad since they tend to earn more than a typical employee here in the Philippines.

Celebrate an Important Occasion 

Holding special occasions requires plenty of resources. The time needed to prepare usually takes a few days, depending on the extravagance of the event. Of course, an important celebration won’t take place without spending some money, which sometimes comes from an OFW relative.

Filipinos celebrate plenty of important occasions, including the following:

  • Birthdays – All of them are special, but the 1st, 7th, 18th, and 21st birthdays hold more importance since they signify certain periods of a person’s life.
  • Baptisms – The Philippines is a predominantly Christian country, so baptisms, which mark the infant’s entry into the Christian world, are significant occasions.
  • Weddings – Weddings are important events in the lives of couples, as well as their family and friends. However, holding a traditional Filipino wedding can cost tens or even hundreds of thousands of pesos.
  • Feasts – Fiestas are always observed in certain areas in the Philippines. It’s a way for villages and towns to honor their patron saint and invite people from other places to experience their culture.
  • Christmases and New Years – The Philippines is said to have the longest Christmas celebration in the world since it begins around September and ends well after the New Year. Plenty of food is served on the table on both Christmas Eve and New Year’s Eve.

There are many other important events celebrated by Filipino families. Most of these occasions require shelling out a large amount of cash, so OFWs are sometimes required to find the best ways to transfer money internationally to send funds back home. This way, their loved ones can have enough to spend for their events.

Pay for Emergency Situations 

Sometimes, it takes a lot of money to manage unforeseen circumstances that can befall a Filipino family. A family member might suddenly get sick and hospitalized or the house might sustain damage from a natural disaster. Many people in the country already have emergency funds stashed in their bank accounts that they can pull out anytime. However, the money they have might not be enough in certain situations.

In these cases, relatives working abroad can step up to help. They look for the fastest way to transfer money internationally to swiftly send back some cash that can be used by their family members in need.

The Safest Way To Send Money From Overseas 

There are plenty of ways to send funds back to your loved ones at home, but it’s your duty to ensure that the channel you choose is safe and secure. Your money is your responsibility, so finding a remittance center you can trust is necessary.

Cebuana Lhuillier is here to help you! We have plenty of remittance partners abroad, and you’re free to visit any of them if you wish to send money back to the Philippines safely. All you have to do is bring the cash to the establishment. Once you’re there, fill out the remittance form and hand it to the staff, along with the money and your ID.

You will be given a receipt with a control number. Send that number to the person who will claim the money. The remittance process is usually done within a couple of days, depending on the country you’re currently in. Once this is done, your loved ones can visit any Cebuana Lhuillier branch in the Philippines to receive the cash.

Conclusion 

Many OFWs carry the responsibility of providing for their families in their home country. That’s why it’s necessary for them to find a safe platform to use whenever they need to send money to their loved ones in the Philippines. Cebuana Lhuillier is ready to help our kababayans who are in need of reliable international remittance services in different parts of the world.

Any of our cash remittance partners abroad provide OFWs with the best ways to send money internationally. By taking advantage of their services, you can rest assured that your funds will be handled safely. This is one way to ascertain that the money you send will be claimed by your intended recipients.

For more information about our money remittance solutions, do not hesitate to give us a call or send us a message. Our channels online are always open, so you can speak with our staff regarding our services. Contact us today!

CORPORATE AGENT PARTNERS

  • ACTION.ABLE, INC.
  • ALL ACCESS GATEWAY INC.
  • ANTRECCO (AGUSAN DEL NORTE TEACHERS, RETIREES, EMPLOYEES & COMMUNITY COOPERATIVE)
  • ACM VIP
  • ALL CASH
  • AGRILIFE/ AGRIVET
  • ASENSO PINOY STORE, INC. (EASY DAY SHOP)
  • AVICOM ENTERPRISES
  • AYALA ALABANG VILLAGE ASSOCIATION
  • BAUG CARP MULTI PURPOSE COOPERATIVE
  • BAGUIO BENGUET COOP
  • CARD BANK INC
  • CARD MRI RIZAL BANK INC
  • CARD SME BANK
  • CARITAS BANCO NG MASA, INC.
  • CEBU PEOPLE’S MULTIPURPOSE COOPERATIVE
  • CIS BAYAD CENTER, INC
  • COOPERATIVE BANK OF BOHOL, INC
  • COUNTRY BUILDERS BANK
  • CREDENCE FINANCING, INC.
  • CURAMED PHARMACY
  • DALTON PAWNSHOP AND JEWELRY INC.
  • DANIELA PAWNSHOP
  • DIRECT AGENT 5 (DA 5)
  • DEVELOPMENT BANK OF THE PHILS.
  • EXPRESSPAY INC.
  • EVRIJEM FOREIGN EXCHANGE AND MONEY REMITTANCE
  • FILHAI MULTI PURPOSE COOPERATIVE
  • GLOBAL PINOY REMITTANCE AND SERVICES (GPRS)
  • GEMARY PAWNSHOP AND JEWELRY (CORP.)

OVER 600 BILLER PARTNERS NATIONWIDE

  • 123 FINANCE CORPORATION
  • 123 LENDING CORPORATION
  • 2C2P
  • 8AMC (VIA ECPAY)
  • ABEJO WATERS CORP.
  • ABRA
  • ACOM CONSUMER FINANCE CORPORATION
  • ACTIVE REALTY & DEVELOPMENT CORP.
  • ADA MANUFACTURING CORPORATION (VIA ECPAY)
  • AEON CREDIT SERVICE
  • AETERNITAS CHAPELS AND COLUMBARIUM (VIA ECPAY)
  • AFC SME FINANCE INC
  • AFTERWEST MICROLOANS INC
  • AGODA – DRAGONPAY
  • AGRIBANK
  • AGRO-INDUSTRIAL FOUNDATION COLLEGE OF THE PHILS.
  • AGUSAN DEL NORTE ELECTRIC COOPERATIVE, INC.
  • AIR YOU GO TRAVELS PHILIPPINES CO.
  • AKLAN ELECTRIC COOPERATIVE, INC.
  • ALAMINOS CITY WATER DISTRICT (VIA ECPAY)
  • ALLIANZ PNB LIFE INSURANCE INC.
  • ALPHA FUND SAVINGS & CREDIT COOPERATIVE (VIA ECPAY)
  • AMADEO WATER DISTRICT (VIA ECPAY)
  • AMYA POLYTECHNIC COLLEGE, INC. AND FINANCING CORPORATION (LENDPINOY)
  • ANGAT WATER DISTRICT (VIA ECPAY)
  • ANGELES ELECTRIC COMPANY ANGELICUM SCHOOL , INC. ILOILO CITY (VIA ECPAY)
  • ANJELMAN REAL ESTATE LEASING
  • ANTIQUE ELECTRIC COOP, INC ANTRECCO (BILLS PAYMENT)

OVER 600 BILLER PARTNERS NATIONWIDE

  • 123 FINANCE CORPORATION
  • 123 LENDING CORPORATION
  • 2C2P
  • 8AMC (VIA ECPAY)
  • ABEJO WATERS CORP.
  • ABRA
  • ACOM CONSUMER FINANCE CORPORATION
  • ACTIVE REALTY & DEVELOPMENT CORP.
  • ADA MANUFACTURING CORPORATION (VIA ECPAY)
  • CREDIT SERVICE
  • AETERNITAS CHAPELS AND COLUMBARIUM (via ECPAY)
  • AFC SME FINANCE INC
  • AFTERWEST MICROLOANS INC
  • AGODA – DRAGONPAY
  • AGRIBANK
  • AGRO-INDUSTRIAL FOUNDATION COLLEGE OF THE PHILS.
  • AGUSAN DEL NORTE ELECTRIC COOPERATIVE, INC.
  • AIR YOU GO TRAVELS PHILIPPINES CO.
  • AKLAN ELECTRIC COOPERATIVE, INC.
  • ALAMINOS CITY WATER DISTRICT (via ECPAY)
  • CREDENCE FINANCING, INC.
  • CURAMED PHARMACY
  • DALTON PAWNSHOP AND JEWELRY INC.
  • DANIELA PAWNSHOP
  • DIRECT AGENT 5 (DA 5)
  • DEVELOPMENT BANK OF THE PHILS.
  • EXPRESSPAY INC.
  • EVRIJEM FOREIGN EXCHANGE AND MONEY REMITTANCE
  • FILHAI MULTI PURPOSE COOPERATIVE
  • GLOBAL PINOY REMITTANCE AND SERVICES (GPRS)
  • GEMARY PAWNSHOP AND JEWELRY (CORP.)

List of Accepted Government/ Valid IDs

  • Passport
  • Driver’s License
  • Professional Regulation Commission (PRC) ID
  • National Bureau of Investigation (NBI) Clearance
  • Police Clearance
  • Postal ID
  • Voter’s ID
  • Philippine Identification System (PhilSys) ID
  • Government Service Insurance System (GSIS) e-Card
  • Social Security System (SSS) ID
  • Senior Citizen’s ID
  • Overseas Workers Welfare Administration (OWWA) ID
  • OFW ID
  • Seaman’s Book
  • Alien Certification of Registration (ACR)
  • Barangay Certificate or ID (with picture and signature)
  • Birth Certificate (applicable to minors only)
  • Firearm License
  • Immigrant Certificate of Registration
  • Marriage License
  • National Council for the Welfare of Disabled Persons
  • New TIN ID
  • OWWA ID
  • Student ID
  • Alien Certification of Registration (ACR) / Immigrant Certificate of Registration
  • Government Office or Government Owned and Controlled Corporations (GOCC) ID (e.g. AFP ID, HDMF (Pag-ibig Fund) ID, etc.
  • Certification from the National Council for the Welfare of Disabled Persons (NCWDP)
  • Department of Social Welfare and Development (DSWD) Certification
  • Integrated Bar of the Philippines ID (IBP)
  • Company IDs issued by private entities or institutions registered with or supervised or regulated either by the BSP (Bangko Sentral ng Pilipinas), SEC (Securities and Exchange Commission) or IC (Insurance Commission)

IDs Accepted

As required by Bangko Sentral ng Pilipinas (BSP), clients who engage in a financial transaction with covered institutions for the first time shall be required to present the original and submit a clear copy of at least ONE (1) valid photo-bearing identification document issued by an official authority. For our clients’ convenience, Cebuana no longer requires submission of the photocopied ID. IDs are captured using a webcam in all branches. Clients are also required to submit an updated photo and other relevant information whenever the need for it arises.

Forms of identification accepted are the following;

Pawn Accepted IDs
1. Passport
2. Driver’s License
3. Professional Regulation Commission (PRC) ID
4. National Bureau of Investigation (NBI) Clearance
5. Police Clearance
6. Postal ID
7. Voter’s ID
8. Philippine Identification (PhilID) card
9. Social Security System (SSS) Card / Unified Multi-Purpose ID (UMID)
10. Barangay Certification
11. Government Service Insurance System (GSIS) e-Card
12. Senior Citizen Card
13. Overseas Workers Welfare Administration (OWWA) ID
14. OFW ID
15. Seaman’s Book
16. Alien Certification of Registration/Immigrant Certificate of Registration (for foreigners)
17. Government Office and GOCC ID, e.g., Armed Forces of the Philippines (AFP ID)
18. Home Development Mutual Fund (HDMF ID)
19. Certification from the National Council for the Welfare of Disabled Persons (NCWDP)
20. Department of Social Welfare and Development (DSWD) Certification
21. Integrated Bar of the Philippines (IBP) ID
22. Company IDs issued by private entities or institutions registered with or supervised or regulated either by the Bangko Sentral ng Pilipinas, Securities and Exchange Commission or Insurance Commission
23. ID issued by the National Council on Disability Affairs (NCDA)