Remitting from Italy to Philippines

The following table shows how much it costs to remit money from Italy To Philippines. Click on column headings to sort the data.

Note: Corridor averages are unweighted and do not reflect the market shares of the different firms that compose the average. For comparability purposes, the two initial USD reference amounts of $200 and $500 were kept. In the third quarter of 2009, the amounts in local currency were adjusted in order to reflect foreign exchange fluctuations.

How much does it cost to remit?

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Collection period for Third quarter 2009 | First quarter 2009 | 2008

See prices in EUR | USD

140350

				Total cost
Firm name	Firm type	Fee (EUR)	Exchange rate margin (%)	Percent (%)	EUR	Transfer speed	Network Coverage	Date
Banca Monte dei Paschi di Siena*	Bank	0.00	*0.00	*0.00	*0.00	3-5 days	Major cities	Aug 08, 2009
Moneybookers*	MTO	2.30	*0.00	*1.64	*2.30	Less than one hour	Nationwide	Aug 08, 2009
Coinstar	MTO	7.00	0.47	5.47	7.66	Less than one hour	Nationwide	Aug 08, 2009
BDO (Banca de Oro)	Bank	8.00	0.75	6.47	9.06	Same day	Nationwide	Aug 08, 2009
BPI (Bank of Philippines Island)	Bank	8.00	0.75	6.47	9.06	Same day	Nationwide	Aug 08, 2009
Metro Remittance a/c holders	Bank	8.00	0.75	6.47	9.06	Same day	Nationwide	Aug 08, 2009
PNB (Philippine National Bank)	Bank	8.00	0.75	6.47	9.06	Same day	Nationwide	Aug 08, 2009
RCBC Telemoney Europe	Bank	8.00	0.75	6.47	9.06	Same day	Nationwide	Aug 08, 2009
Banca Intesa SanPaolo*	Bank	9.60	*0.00	*6.86	*9.60	3-5 days	Nationwide	Aug 08, 2009
BDO (Banca de Oro)	Bank	10.00	0.75	7.90	11.06	Next day	Nationwide	Aug 08, 2009
BPI (Bank of Philippines Island)	Bank	10.00	0.75	7.90	11.06	Next day	Nationwide	Aug 08, 2009
Metro Remittance	MTO	10.00	0.75	7.90	11.06	Next day	Nationwide	Aug 08, 2009
PNB (Philippine National Bank)	Bank	10.00	0.75	7.90	11.06	Next day	Nationwide	Aug 08, 2009
RCBC Telemoney Europe	Bank	10.00	0.75	7.90	11.06	Next day	Nationwide	Aug 08, 2009
Banca Intesa SanPaolo*	Bank	11.10	*0.00	*7.93	*11.10	3-5 days	Nationwide	Aug 08, 2009
MoneyGram	MTO	7.50	2.59	7.95	11.13	Less than one hour	Nationwide	Aug 08, 2009
MoneyGram via Poste Italiane	MTO/Post office	7.50	2.59	7.95	11.13	Less than one hour	Nationwide	Aug 08, 2009
iKobo	MTO	11.50	0.00	8.21	11.49	Less than one hour	Nationwide	Aug 08, 2009
Unicredit Banca*	Bank	11.50	*0.00	*8.21	*11.49	3-5 days	Nationwide	Aug 08, 2009
Western Union	MTO	9.00	4.50	10.93	15.30	Less than one hour	Nationwide	Aug 08, 2009
Unicredit Banca*	Bank	17.50	*0.00	*12.50	*17.50	3-5 days	Nationwide	Aug 08, 2009
Banca Monte dei Paschi di Siena*	Bank	21.00	*0.00	*15.00	*21.00	3-5 days	Major cities	Aug 08, 2009
Bank Average		10.05	0.45	7.63	10.68
MTO Average		7.88	1.39	7.02	9.83
MTO/Post office Average		7.50	2.59	7.95	11.13
Total Average		9.34	0.80	7.48	10.47
Total Average in First Quarter 2009		7.47	0.93	6.47	9.06

	Total cost
Firm name	Firm type	Fee (EUR)	Exchange rate margin (%)	Percent (%)	EUR	Transfer speed	Network Coverage	Date
Moneybookers*	MTO	2.30	*0.00	*0.66	*2.31	Less than one hour	Nationwide	Aug 08, 2009
Banca Monte dei Paschi di Siena*	Bank	5.50	*0.00	*1.57	*5.50	3-5 days	Major cities	Aug 08, 2009
Coinstar	MTO	7.00	0.47	2.47	8.65	Less than one hour	Nationwide	Aug 08, 2009
Banca Intesa SanPaolo*	Bank	9.60	*0.00	*2.74	*9.59	3-5 days	Nationwide	Aug 08, 2009
BDO (Banca de Oro)	Bank	8.00	0.75	3.04	10.64	Same day	Nationwide	Aug 08, 2009
BPI (Bank of Philippines Island)	Bank	8.00	0.75	3.04	10.64	Same day	Nationwide	Aug 08, 2009
Metro Remittance a/c holders	Bank	8.00	0.75	3.04	10.64	Same day	Nationwide	Aug 08, 2009
PNB (Philippine National Bank)	Bank	8.00	0.75	3.04	10.64	Same day	Nationwide	Aug 08, 2009
RCBC Telemoney Europe	Bank	8.00	0.75	3.04	10.64	Same day	Nationwide	Aug 08, 2009
Banca Intesa SanPaolo*	Bank	11.10	*0.00	*3.17	*11.10	3-5 days	Nationwide	Aug 08, 2009
Unicredit Banca*	Bank	11.50	*0.00	*3.29	*11.52	3-5 days	Nationwide	Aug 08, 2009
BDO (Banca de Oro)	Bank	10.00	0.75	3.61	12.64	Next day	Nationwide	Aug 08, 2009
BPI (Bank of Philippines Island)	Bank	10.00	0.75	3.61	12.64	Next day	Nationwide	Aug 08, 2009
Metro Remittance	MTO	10.00	0.75	3.61	12.64	Next day	Nationwide	Aug 08, 2009
PNB (Philippine National Bank)	Bank	10.00	0.75	3.61	12.64	Next day	Nationwide	Aug 08, 2009
RCBC Telemoney Europe	Bank	10.00	0.75	3.61	12.64	Next day	Nationwide	Aug 08, 2009
MoneyGram	MTO	7.50	2.59	4.73	16.56	Less than one hour	Nationwide	Aug 08, 2009
MoneyGram via Poste Italiane	MTO/Post office	7.50	2.59	4.73	16.56	Less than one hour	Nationwide	Aug 08, 2009
Unicredit Banca*	Bank	17.50	*0.00	*5.00	*17.50	3-5 days	Nationwide	Aug 08, 2009
Banca Monte dei Paschi di Siena*	Bank	21.00	*0.00	*6.00	*21.00	3-5 days	Major cities	Aug 08, 2009
iKobo	MTO	21.25	0.00	6.07	21.24	Less than one hour	Nationwide	Aug 08, 2009
Western Union	MTO	9.00	4.50	7.07	24.74	Less than one hour	Nationwide	Aug 08, 2009
Bank Average		10.41	0.45	3.43	12.00
MTO Average		9.51	1.39	4.10	14.35
MTO/Post office Average		7.50	2.59	4.73	16.56
Total Average		10.03	0.80	3.67	12.84
Total Average in First Quarter 2009		8.62	0.93	3.54	12.39

Corridor note

* indicates that the RSP is not transparent and did not provide all the relevant information. Roll-over firm name for more info.

200500

				Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
Banca Monte dei Paschi di Siena*	Bank	0.00	*0.00	*0.00	*0.00	3-5 days	Major cities	Aug 08, 2009
Moneybookers*	MTO	3.29	*0.00	*1.64	*3.28	Less than one hour	Nationwide	Aug 08, 2009
Coinstar	MTO	10.00	0.47	5.47	10.94	Less than one hour	Nationwide	Aug 08, 2009
BDO (Banca de Oro)	Bank	11.43	0.75	6.47	12.94	Same day	Nationwide	Aug 08, 2009
BPI (Bank of Philippines Island)	Bank	11.43	0.75	6.47	12.94	Same day	Nationwide	Aug 08, 2009
Metro Remittance a/c holders	Bank	11.43	0.75	6.47	12.94	Same day	Nationwide	Aug 08, 2009
PNB (Philippine National Bank)	Bank	11.43	0.75	6.47	12.94	Same day	Nationwide	Aug 08, 2009
RCBC Telemoney Europe	Bank	11.43	0.75	6.47	12.94	Same day	Nationwide	Aug 08, 2009
Banca Intesa SanPaolo*	Bank	13.71	*0.00	*6.86	*13.72	3-5 days	Nationwide	Aug 08, 2009
BDO (Banca de Oro)	Bank	14.29	0.75	7.90	15.80	Next day	Nationwide	Aug 08, 2009
BPI (Bank of Philippines Island)	Bank	14.29	0.75	7.90	15.80	Next day	Nationwide	Aug 08, 2009
Metro Remittance	MTO	14.29	0.75	7.90	15.80	Next day	Nationwide	Aug 08, 2009
PNB (Philippine National Bank)	Bank	14.29	0.75	7.90	15.80	Next day	Nationwide	Aug 08, 2009
RCBC Telemoney Europe	Bank	14.29	0.75	7.90	15.80	Next day	Nationwide	Aug 08, 2009
Banca Intesa SanPaolo*	Bank	15.86	*0.00	*7.93	*15.86	3-5 days	Nationwide	Aug 08, 2009
MoneyGram	MTO	10.71	2.59	7.95	15.90	Less than one hour	Nationwide	Aug 08, 2009
MoneyGram via Poste Italiane	MTO/Post office	10.71	2.59	7.95	15.90	Less than one hour	Nationwide	Aug 08, 2009
iKobo	MTO	16.43	0.00	8.21	16.42	Less than one hour	Nationwide	Aug 08, 2009
Unicredit Banca*	Bank	16.43	*0.00	*8.21	*16.42	3-5 days	Nationwide	Aug 08, 2009
Western Union	MTO	12.86	4.50	10.93	21.86	Less than one hour	Nationwide	Aug 08, 2009
Unicredit Banca*	Bank	25.00	*0.00	*12.50	*25.00	3-5 days	Nationwide	Aug 08, 2009
Banca Monte dei Paschi di Siena*	Bank	30.00	*0.00	*15.00	*30.00	3-5 days	Major cities	Aug 08, 2009
Bank Average		14.35	0.45	7.63	15.26
MTO Average		11.26	1.39	7.02	14.04
MTO/Post office Average		10.71	2.59	7.95	15.90
Total Average		13.34	0.80	7.48	14.96
Total Average in First Quarter 2009		11.07	0.93	6.47	12.94

	Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
Moneybookers*	MTO	3.29	*0.00	*0.66	*3.30	Less than one hour	Nationwide	Aug 08, 2009
Banca Monte dei Paschi di Siena*	Bank	7.86	*0.00	*1.57	*7.85	3-5 days	Major cities	Aug 08, 2009
Coinstar	MTO	10.00	0.47	2.47	12.35	Less than one hour	Nationwide	Aug 08, 2009
Banca Intesa SanPaolo*	Bank	13.71	*0.00	*2.74	*13.70	3-5 days	Nationwide	Aug 08, 2009
BDO (Banca de Oro)	Bank	11.43	0.75	3.04	15.20	Same day	Nationwide	Aug 08, 2009
BPI (Bank of Philippines Island)	Bank	11.43	0.75	3.04	15.20	Same day	Nationwide	Aug 08, 2009
Metro Remittance a/c holders	Bank	11.43	0.75	3.04	15.20	Same day	Nationwide	Aug 08, 2009
PNB (Philippine National Bank)	Bank	11.43	0.75	3.04	15.20	Same day	Nationwide	Aug 08, 2009
RCBC Telemoney Europe	Bank	11.43	0.75	3.04	15.20	Same day	Nationwide	Aug 08, 2009
Banca Intesa SanPaolo*	Bank	15.86	*0.00	*3.17	*15.85	3-5 days	Nationwide	Aug 08, 2009
Unicredit Banca*	Bank	16.43	*0.00	*3.29	*16.45	3-5 days	Nationwide	Aug 08, 2009
BDO (Banca de Oro)	Bank	14.29	0.75	3.61	18.05	Next day	Nationwide	Aug 08, 2009
BPI (Bank of Philippines Island)	Bank	14.29	0.75	3.61	18.05	Next day	Nationwide	Aug 08, 2009
Metro Remittance	MTO	14.29	0.75	3.61	18.05	Next day	Nationwide	Aug 08, 2009
PNB (Philippine National Bank)	Bank	14.29	0.75	3.61	18.05	Next day	Nationwide	Aug 08, 2009
RCBC Telemoney Europe	Bank	14.29	0.75	3.61	18.05	Next day	Nationwide	Aug 08, 2009
MoneyGram	MTO	10.71	2.59	4.73	23.65	Less than one hour	Nationwide	Aug 08, 2009
MoneyGram via Poste Italiane	MTO/Post office	10.71	2.59	4.73	23.65	Less than one hour	Nationwide	Aug 08, 2009
Unicredit Banca*	Bank	25.00	*0.00	*5.00	*25.00	3-5 days	Nationwide	Aug 08, 2009
Banca Monte dei Paschi di Siena*	Bank	30.00	*0.00	*6.00	*30.00	3-5 days	Major cities	Aug 08, 2009
iKobo	MTO	30.36	0.00	6.07	30.35	Less than one hour	Nationwide	Aug 08, 2009
Western Union	MTO	12.86	4.50	7.07	35.35	Less than one hour	Nationwide	Aug 08, 2009
Bank Average		14.88	0.45	3.43	17.15
MTO Average		13.58	1.39	4.10	20.50
MTO/Post office Average		10.71	2.59	4.73	23.65
Total Average		14.33	0.80	3.67	18.35
Total Average in First Quarter 2009		13.06	0.93	3.54	17.70

Corridor note

* indicates that the RSP is not transparent and did not provide all the relevant information. Roll-over firm name for more info.

135330

				Total cost
Firm name	Firm type	Fee (EUR)	Exchange rate margin (%)	Percent (%)	EUR	Transfer speed	Network Coverage	Date
INTESASANPAOLO - a/c holder account to non a/c account holder	Bank	5.60	0.00	4.15	5.60	3-5 days	Nationwide	Feb 18, 2009
Coinstar	MTO	7.00	-0.21	4.98	6.72	Less than one hour	Nationwide	Feb 18, 2009
INTESASANPAOLO - non a/c holder to non a/c holder	Bank	7.10	0.00	5.26	7.10	3-5 days	Nationwide	Feb 18, 2009
TransFast	MTO	7.00	0.56	5.75	7.76	Next day	N/A	Feb 18, 2009
PNB (Philippine National Bank)	Bank	8.00	0.00	5.93	8.01	Same day	Nationwide	Feb 18, 2009
Metro Remittance (Italia)	Bank/MTO	8.00	0.94	6.87	9.27	2 days	N/A	Feb 18, 2009
Metro Remittance a/c holders	Bank	8.00	0.94	6.87	9.27	Same day	Nationwide	Feb 18, 2009
MoneyGram	MTO	7.50	2.36	7.92	10.69	Less than one hour	Nationwide	Feb 18, 2009
MoneyGram via Poste Italiane	MTO/Post office	7.50	2.36	7.92	10.69	Less than one hour	Nationwide	Feb 18, 2009
Western Union	MTO	9.00	2.35	9.01	12.16	Less than one hour	Nationwide	Feb 18, 2009
Bank Average		7.18	0.24	5.55	7.49
Bank/MTO Average		8.00	0.94	6.87	9.27
MTO Average		7.62	1.27	6.91	9.33
MTO/Post office Average		7.50	2.36	7.92	10.69
Total Average		7.47	0.93	6.47	8.73
Total Average in 2008		8.58	3.69	10.04	13.55

	Total cost
Firm name	Firm type	Fee (EUR)	Exchange rate margin (%)	Percent (%)	EUR	Transfer speed	Network Coverage	Date
Coinstar	MTO	7.00	-0.21	1.91	6.30	Less than one hour	Nationwide	Feb 18, 2009
PNB (Philippine National Bank)	Bank	8.00	0.00	2.42	7.99	Same day	Nationwide	Feb 18, 2009
INTESASANPAOLO - a/c holder account to non a/c account holder	Bank	9.60	0.00	2.91	9.60	3-5 days	Nationwide	Feb 18, 2009
INTESASANPAOLO - non a/c holder to non a/c holder	Bank	11.10	0.00	3.36	11.09	3-5 days	Nationwide	Feb 18, 2009
Metro Remittance (Italia)	Bank/MTO	8.00	0.94	3.37	11.12	2 days	N/A	Feb 18, 2009
Metro Remittance a/c holders	Bank	8.00	0.94	3.37	11.12	Same day	Nationwide	Feb 18, 2009
TransFast	MTO	10.50	0.56	3.74	12.34	Next day	N/A	Feb 18, 2009
MoneyGram	MTO	7.50	2.36	4.64	15.31	Less than one hour	Nationwide	Feb 18, 2009
MoneyGram via Poste Italiane	MTO/Post office	7.50	2.36	4.64	15.31	Less than one hour	Nationwide	Feb 18, 2009
Western Union	MTO	9.00	2.35	5.07	16.73	Less than one hour	Nationwide	Feb 18, 2009
Bank Average		9.18	0.24	3.02	9.97
Bank/MTO Average		8.00	0.94	3.37	11.12
MTO Average		8.50	1.27	3.84	12.67
MTO/Post office Average		7.50	2.36	4.64	15.31
Total Average		8.62	0.93	3.54	11.68
Total Average in 2008		11.45	3.69	7.16	23.63

200500

				Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
INTESASANPAOLO - a/c holder account to non a/c account holder	Bank	8.30	0.00	4.15	8.30	3-5 days	Nationwide	Feb 18, 2009
Coinstar	MTO	10.37	-0.21	4.98	9.96	Less than one hour	Nationwide	Feb 18, 2009
INTESASANPAOLO - non a/c holder to non a/c holder	Bank	10.52	0.00	5.26	10.52	3-5 days	Nationwide	Feb 18, 2009
TransFast	MTO	10.37	0.56	5.75	11.50	Next day	N/A	Feb 18, 2009
PNB (Philippine National Bank)	Bank	11.85	0.00	5.93	11.86	Same day	Nationwide	Feb 18, 2009
Metro Remittance (Italia)	Bank/MTO	11.85	0.94	6.87	13.74	2 days	N/A	Feb 18, 2009
Metro Remittance a/c holders	Bank	11.85	0.94	6.87	13.74	Same day	Nationwide	Feb 18, 2009
MoneyGram	MTO	11.11	2.36	7.92	15.84	Less than one hour	Nationwide	Feb 18, 2009
MoneyGram via Poste Italiane	MTO/Post office	11.11	2.36	7.92	15.84	Less than one hour	Nationwide	Feb 18, 2009
Western Union	MTO	13.33	2.35	9.01	18.02	Less than one hour	Nationwide	Feb 18, 2009
Bank Average		10.63	0.24	5.55	11.10
Bank/MTO Average		11.85	0.94	6.87	13.74
MTO Average		11.30	1.27	6.91	13.82
MTO/Post office Average		11.11	2.36	7.92	15.84
Total Average		11.07	0.93	6.47	12.94
Total Average in 2008		12.71	3.69	10.04	20.08

	Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
Coinstar	MTO	10.61	-0.21	1.91	9.55	Less than one hour	Nationwide	Feb 18, 2009
PNB (Philippine National Bank)	Bank	12.12	0.00	2.42	12.10	Same day	Nationwide	Feb 18, 2009
INTESASANPAOLO - a/c holder account to non a/c account holder	Bank	14.55	0.00	2.91	14.55	3-5 days	Nationwide	Feb 18, 2009
INTESASANPAOLO - non a/c holder to non a/c holder	Bank	16.82	0.00	3.36	16.80	3-5 days	Nationwide	Feb 18, 2009
Metro Remittance (Italia)	Bank/MTO	12.12	0.94	3.37	16.85	2 days	N/A	Feb 18, 2009
Metro Remittance a/c holders	Bank	12.12	0.94	3.37	16.85	Same day	Nationwide	Feb 18, 2009
TransFast	MTO	15.91	0.56	3.74	18.70	Next day	N/A	Feb 18, 2009
MoneyGram	MTO	11.36	2.36	4.64	23.20	Less than one hour	Nationwide	Feb 18, 2009
MoneyGram via Poste Italiane	MTO/Post office	11.36	2.36	4.64	23.20	Less than one hour	Nationwide	Feb 18, 2009
Western Union	MTO	13.64	2.35	5.07	25.35	Less than one hour	Nationwide	Feb 18, 2009
Bank Average		13.90	0.24	3.02	15.10
Bank/MTO Average		12.12	0.94	3.37	16.85
MTO Average		12.88	1.27	3.84	19.20
MTO/Post office Average		11.36	2.36	4.64	23.20
Total Average		13.06	0.93	3.54	17.70
Total Average in 2008		17.35	3.69	7.16	35.80

135330

				Total cost
Firm name	Firm type	Fee (EUR)	Exchange rate margin (%)	Percent (%)	EUR	Transfer speed	Network Coverage	Date
TransFast	MTO	3.90	3.79	6.68	9.02	3 days	-	May 28, 2008
PNB (Philippine National Bank)	Bank	8.00	1.35	7.28	9.83	Same day to PNB	-	May 28, 2008
Metro Remittance a/c holders	Bank	8.00	1.68	7.61	10.27	Same day	-	May 28, 2008
Paydaq	MTO	5.75	4.02	8.28	11.18	2 days	-	May 28, 2008
Poste Italiane	Bank/Post office	5.16	5.11	8.94	12.07	3-4 days	-	May 28, 2008
Metro Remittance (Italia)	Bank/MTO	10.00	1.68	9.09	12.27	2-3 days	-	May 28, 2008
Western Union	MTO	9.00	4.43	11.10	14.98	Instant	-	May 28, 2008
Coinstar	MTO	9.00	4.56	11.23	15.16	24 hours	-	May 28, 2008
MoneyGram	MTO	13.50	5.11	15.11	20.40	Instant	-	May 28, 2008
MoneyGram via Poste Italiane	MTO/Post office	13.50	5.11	15.11	20.40	Instant	-	May 28, 2008
Bank Average		8.00	1.52	7.44	10.04
Bank/MTO Average		10.00	1.68	9.09	12.27
Bank/Post office Average		5.16	5.11	8.94	12.07
MTO Average		8.23	4.38	10.48	14.15
MTO/Post office Average		13.50	5.11	15.11	20.40
Total Average		8.58	3.69	10.04	13.55
First Quarter 2009		7.47	0.93	6.47	8.73

	Total cost
Firm name	Firm type	Fee (EUR)	Exchange rate margin (%)	Percent (%)	EUR	Transfer speed	Network Coverage	Date
PNB (Philippine National Bank)	Bank	8.00	1.35	3.77	12.44	Same day to PNB	-	May 28, 2008
Metro Remittance a/c holders	Bank	8.00	1.68	4.11	13.56	Same day	-	May 28, 2008
Metro Remittance (Italia)	Bank/MTO	10.00	1.68	4.72	15.58	2-3 days	-	May 28, 2008
Poste Italiane	Bank/Post office	5.16	5.11	6.68	22.04	3-4 days	-	May 28, 2008
TransFast	MTO	9.75	3.79	6.75	22.28	3 days	-	May 28, 2008
Western Union	MTO	9.00	4.43	7.16	23.63	Instant	-	May 28, 2008
Paydaq	MTO	10.63	4.02	7.25	23.92	2 days	-	May 28, 2008
Coinstar	MTO	9.00	4.56	7.29	24.06	24 hours	-	May 28, 2008
MoneyGram	MTO	22.50	5.11	11.93	39.37	Instant	-	May 28, 2008
MoneyGram via Poste Italiane	MTO/Post office	22.50	5.11	11.93	39.37	Instant	-	May 28, 2008
Bank Average		8.00	1.52	3.94	13.00
Bank/MTO Average		10.00	1.68	4.72	15.58
Bank/Post office Average		5.16	5.11	6.68	22.04
MTO Average		12.18	4.38	8.07	26.63
MTO/Post office Average		22.50	5.11	11.93	39.37
Total Average		11.45	3.69	7.16	23.63
First Quarter 2009		8.62	0.93	3.54	11.68

Corridor note

Banks are able to send money internationally for their account holders only.

200500

				Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
TransFast	MTO	5.78	3.79	6.68	13.36	3 days	-	May 28, 2008
PNB (Philippine National Bank)	Bank	11.85	1.35	7.28	14.56	Same day to PNB	-	May 28, 2008
Metro Remittance a/c holders	Bank	11.85	1.68	7.61	15.22	Same day	-	May 28, 2008
Paydaq	MTO	8.52	4.02	8.28	16.56	2 days	-	May 28, 2008
Poste Italiane	Bank/Post office	7.64	5.11	8.94	17.88	3-4 days	-	May 28, 2008
Metro Remittance (Italia)	Bank/MTO	14.81	1.68	9.09	18.18	2-3 days	-	May 28, 2008
Western Union	MTO	13.33	4.43	11.10	22.20	Instant	-	May 28, 2008
Coinstar	MTO	13.33	4.56	11.23	22.46	24 hours	-	May 28, 2008
MoneyGram	MTO	20.00	5.11	15.11	30.22	Instant	-	May 28, 2008
MoneyGram via Poste Italiane	MTO/Post office	20.00	5.11	15.11	30.22	Instant	-	May 28, 2008
Bank Average		11.85	1.52	7.44	14.88
Bank/MTO Average		14.81	1.68	9.09	18.18
Bank/Post office Average		7.64	5.11	8.94	17.88
MTO Average		12.19	4.38	10.48	20.96
MTO/Post office Average		20.00	5.11	15.11	30.22
Total Average		12.71	3.69	10.04	20.08
First Quarter 2009		11.07	0.93	6.47	12.94

	Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
PNB (Philippine National Bank)	Bank	12.12	1.35	3.77	18.85	Same day to PNB	-	May 28, 2008
Metro Remittance a/c holders	Bank	12.12	1.68	4.11	20.55	Same day	-	May 28, 2008
Metro Remittance (Italia)	Bank/MTO	15.15	1.68	4.72	23.60	2-3 days	-	May 28, 2008
Poste Italiane	Bank/Post office	7.82	5.11	6.68	33.40	3-4 days	-	May 28, 2008
TransFast	MTO	14.77	3.79	6.75	33.75	3 days	-	May 28, 2008
Western Union	MTO	13.64	4.43	7.16	35.80	Instant	-	May 28, 2008
Paydaq	MTO	16.11	4.02	7.25	36.25	2 days	-	May 28, 2008
Coinstar	MTO	13.64	4.56	7.29	36.45	24 hours	-	May 28, 2008
MoneyGram	MTO	34.09	5.11	11.93	59.65	Instant	-	May 28, 2008
MoneyGram via Poste Italiane	MTO/Post office	34.09	5.11	11.93	59.65	Instant	-	May 28, 2008
Bank Average		12.12	1.52	3.94	19.70
Bank/MTO Average		15.15	1.68	4.72	23.60
Bank/Post office Average		7.82	5.11	6.68	33.40
MTO Average		18.45	4.38	8.07	40.35
MTO/Post office Average		34.09	5.11	11.93	59.65
Total Average		17.35	3.69	7.16	35.80
First Quarter 2009		13.06	0.93	3.54	17.70

Corridor note

Banks are able to send money internationally for their account holders only.

Least costly corridors to Philippines
- From Singapore to Philippines
- From United Arab Emirates to Philippines
- From Saudi Arabia to Philippines
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Least costly corridors from Italy
- From Italy to India
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