how can i send some money to philippines?

Question

i live in india.my relative in manila.i want to invest some money for his increasing income.i have a idea that i invest in stock market in his account and run from here in india.pls suggest me how will be it possible.and give me other suggetion too.thanx

Answer 1

Take a US dollar draft and send to them.

Answer 2

western union is promptly and fairly ordinary to do. and that they be able to obtain the money in $US. it fairly is extra high priced than different remittance centers. i've got faith it fairly is $12 for $3 hundred and decrease than and it is going up the extra funds u deliver. the replace fee can be couple of pennies decrease. Moneygram is yet another decision, it is likewise quickly, 10 min and the money is there waiting to be picked up. extra fee-effective than western union at $9.00 for $499 and decrease than and has extra acceptable replace fee. they might %. up the money at a partaking economic corporation in Hypertext Preprocessor. draw back of moneygram, the wait on the economic corporation would desire to be over an hour. and clearly you cant %. up the money throughout weekends and after banking hours. you additionally can get a style of prepaid visa card/credit card and get a 2nd (extension) card and deliver it to the philippines, u can load funds into the cardboard and that they might withdraw it from any atm that accepts visa or credit card. or you could desire to do the PNB way, its 2-3 days earlier they recieve the money yet they have the terrific costs. PNB is powerful decision if u reguarly deliver funds. for a one time difficulty, identity advise western union or moneygram.

Answer 3

You probably do not need a bank account at any bank in India, but if you have one, it can help. Ask the teller what their options are. Likely, you can get a money order, which is like a personal cheque, except it is more trustworthy for the receiver's bank, since you already paid, and the bank has written the cheque.

Another option is to purchase the money order at the post office. I checked the India Post website about sending money orders. http://www.indiapost.gov.in/MO.html

You will need to pay for the amount in cash in advance, and then they will write a cheque for you (the money order) which according to the website, cannot exceed 5000 rupees. Then you can mail that to your relative in Manila and they can cash it at their bank. There will be a fee for writing a money order at your post office or bank, which you need to ask about. Also, they will give you a receipt copy of your money order. Ask the post office about writing the cheque in the currency that your relative needs.

Answer 4

Well first of all to invest in stocks requires alot of time as you need to always research and follow the markets so you know when to sell or buy if you have funds to invest you can consider hireing a financial planner If you need assistance you can write to me at [e-mail]

Answer 5

It would be alot easier to get the stock symbols and just trade from a Scottrade.com account or some such thing. Yahoo! Finance will be able to get you the symbols - search for the stock symbol and specify stocks from outside the US in the search parameters.

As for the money, call or go online to Western Union and ask them.