The Ultimate Guide: How to Remit Money from Korea to Philippines Safely and Fast
For many Filipinos working under the EPS system, knowing how to remit money from Korea to Philippines with the best exchange rates is essential. Managing your hard-earned salary wisely starts with choosing the right service provider. In this guide, Teacher Nova will explain the most reliable methods to remit money from Korea to Philippines using mobile apps that offer low fees and high security.
1. Why Use Mobile Apps to Remit Money from Korea to Philippines?
In the past, many workers had to visit physical banks, which was time-consuming and expensive due to high bank fees. However, now you can remit money from Korea to Philippines 24/7 using your smartphone. These apps are specifically designed for foreign workers, offering:
- Better Exchange Rates: Higher than traditional commercial banks.
- Lower Service Fees: Often starting from just 5,000 KRW.
- Tagalog Support: No need to worry about language barriers.
- Speed: Real-time transfer to major Philippine banks like BDO, BPI, and Metrobank.
Dati, kailangan pang pumunta sa bangko para magpadala ng pera. Ngayon, mas madali na ang mag-remit money from Korea to Philippines gamit ang mobile apps. Mas mataas ang palitan at mas mababa ang fees kumpara sa mga lumang paraan.
2. Comparison of Top Remittance Apps
To remit money from Korea to Philippines effectively, you should compare these three major players:
| App Name | Key Advantages | Best For |
|---|---|---|
| Sentbe (센트비) | Competitive rates and daily coupons. | Highest exchange rates. |
| Hanpass (한패스) | Very user-friendly interface. | Beginners and ease of use. |
| GME Remittance | Massive network of cash pick-up points. | Sending to rural areas. |
3. Step-by-Step Instructions to Remit Money from Korea to Philippines
Step 1: Identity Verification (Registration)
To start your journey to remit money from Korea to Philippines, you must register your ARC (Alien Registration Card). The Korean government requires this to prevent money laundering. Simply take a clear photo of your ID and upload it to the app.
Kailangan mong i-verify ang iyong account gamit ang ARC. Siguraduhing malinaw ang kuha ng litrato para mabilis na ma-approve ang iyong registration.
Step 2: Link Your Salary Account
Most apps use “Open Banking.” By linking your Korean bank account (NH Bank, IBK, etc.), the app can automatically withdraw the amount you wish to transfer. This makes it incredibly convenient to remit money from Korea to Philippines every payday.
Step 3: Choose Your Payout Method
You can send money directly to a bank account, a mobile wallet like GCash or PayMaya, or for cash pick-up at locations like Cebuana Lhuillier or Palawan Pawnshop.
4. Common Mistakes to Avoid
When you remit money from Korea to Philippines, avoid these mistakes to save money:
- Ignoring the Daily Limit: There are legal limits on how much you can send per year (usually $50,000 USD). Check your remaining limit in the app.
- Not Checking Promo Codes: Many apps offer “First Transfer Free” or referral bonuses. Always look for coupons before hitting the send button.
- Incorrect Account Details: Double-check the recipient’s name and account number. Correcting a wrong transfer can take weeks.
Huwag kalimutang i-check ang promo codes para makatipid sa fees. Siguraduhin ding tama ang account details ng iyong papadalhan para iwas aberya.
5. Summary and Final Thoughts
The ability to remit money from Korea to Philippines easily is a great advantage for Filipino workers today. By using professional apps like Sentbe, Hanpass, or GME, you ensure that more of your money goes to your family and less to bank fees. Always stay updated with the latest exchange rates to maximize your remittance.
Follow Teacher Nova on KNOVA.KR for more practical guides on Work and Life in Korea! We help you succeed not just in the EPS-TOPIK exam, but in your real life in South Korea.
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