How Foreigners in the Philippines Can Send Money Home with GoTyme Bank

The Philippines has a booming economy, attracting foreigners to work, retire, or stay as digital nomads. But beyond job opportunities, foreigners should also have access to a convenient and secure banking experience that lets them send money home to support their families and fulfill their financial responsibilities.

However, for some foreigners, navigating the local banking system and finding an accessible way to send money internationally can still be challenging. Fortunately, an international money transfer for foreign nationals in the Philippines using GoTyme Bank allows eligible users to send money with a simplified transfer process.

Why Foreigners in the Philippines Send Money Home

GoTyme Bank's Send Money Abroad feature serves as a bridge that helps foreigners working in the Philippines stay connected to their families and financial commitments back home.

Here are some of the most common reasons why foreigners send money home.

Supporting Family Back Home

Just like many people working abroad, foreigners in the Philippines often prioritize supporting families back home. Sending money is one way they continue to care for the people who matter most, even from miles away, whether it's in helping cover education expenses, medical bills, or everyday living costs through regular remittances.

Personal Savings and Investments 

Some foreigners work in the Philippines not only to support their families but also to build their financial future. Many send money home to grow their investment portfolios, prepare for retirement, or pay their mortgages. Cross-border money transfers don't just support loved ones; they also help individuals achieve their long-term financial goals.

Other Financial Commitments Abroad 

Foreign nationals living in the Philippines have traveled far from home to pursue their goals. But that doesn't mean they have to cut ties with their financial responsibilities back home. Being able to send money home allows them to stay committed to their financial obligations, such as paying bills, mortgages or property-related expenses, subscriptions, and emergency costs.

Transfer Money to Your Home Country with Send Money Abroad 

Regardless of why foreign nationals send money home, they still need a reliable banking partner for their international money transfer needs. With GoTyme Bank's Send Money Abroad feature, eligible users can transfer money with ease and security. Here’s why: 

• It's simple. Send money abroad directly from your GoTyme Bank account.
• It's globally supported. Send money to banks and e-wallets in over 200 countries and territories.
• It's convenient. Time zone differences aren't a hindrance because the service is available 24/7, with no need to visit a physical bank.
• It's transparent. Users have full visibility of transfer fees and live exchange rates.
• It's secure. Send money home with confidence through GoTyme Bank, a safe, secure, and BSP-regulated bank, powered by the Wise Platform, a trusted infrastructure for international money transfers.

Distance and time zone differences are no hindrance when making international digital remittances from the Philippines. With a convenient banking experience, you can send money anytime, wherever you are and wherever your money needs to go.

GoTyme Bank Requirements for Eligible Foreign Nationals 

Safety and security in banking comes with a responsibility. So when you want to send money back home, you need to submit certain requirements to do your regular remittance transfers. To guide, here are the things you need to submit.

Check the latest GoTyme Bank requirements in the app or on the website to enjoy a banking experience that makes sending money easier.

How to Transfer Money Internationally Through the GoTyme Bank App 

Once approved, sending money with GoTyme Bank is easy. You can do it in just a few steps. To guide you, here's a simple set of instructions you can follow.

Step 1: Go to Send & Transfer in the GoTyme Bank app 

Open the GoTyme Bank app and tap Send & Transfer from the home screen.

Step 2: Choose Send Money Abroad 

Choose Send Money Abroad, then select your destination country, preferred currency, and recipient.

Step 3: Enter the Transfer Details

Input the amount you want to send and review the recipient's information to ensure all details are correct.

Step 4: Review Fees and Exchange Rates 

Before confirming your transfer, review the transfer fee, live exchange rate, and the estimated amount your recipient will receive.

Note: International transfer fees may vary depending on the transaction amount, destination, and selected currency. For the most accurate and updated rates, always check the GoTyme Bank app.

Step 5: Confirm the Transfer 

Once you've verified all the details, confirm the transaction to complete your international money transfer.

Reminder: Before confirming your transfers, here are the things you need to check twice to avoid issues.  

• Recipient details: Users should carefully check the recipient’s name, bank account, or e-wallet details before confirming. 
• Fees and live exchange rate: Users should review the transfer fee, live exchange rate, estimated recipient amount, and total deduction before sending. 
• Transfer timing: Users should avoid sending too close to a payment deadline, especially for bills, property payments, or urgent support. 
• Destination differences:  With home country transfer, users should not assume all countries, currencies, banks, or e-wallets have the same fees, timing, or availability.
  
  

Stay Connected to Home with GoTyme Bank 

Working abroad doesn't mean you'll have to lose your connection to your home country. With GoTyme Bank, there's now a better way to stay connected to what matters most back home.

The Send Money Abroad feature not only provides eligible foreign nationals in the Philippines with a convenient way to transfer money internationally but also helps them stay connected with their families, meet their financial obligations, and maintain ties to their home country.

Browse the GoTyme Bank website to discover more convenient ways to send money, and download the GoTyme Bank app to experience beautiful banking.