Category Archive 'remittance'

Greedy Western Union outlet and the moneychanger

- OFW, remittance -

The Western Union branch on West Avenue in Quezon City is nearest to my place, so one morning a few weeks ago, I went there to get a remittance from a friend in the US who asked me to buy Swarovski stuff for her hobby.

I was in a hurry, so I asked Western Union to give me the remittance in pesos. The girl at the counter said their exchange rate was P39.30 to a dollar!

I was outraged. I said, “That’s too much!” I just came back from Bank of the Philippine Islands and Banco De Oro and they were converting at P40.40 to P40.30. That’s an almost one-peso difference. Aren’t they satisfied with the huge remittance fees they charge? [Read the rest of this entry »]

By Salve
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