Do I need a bank account in The Philippines to send money to Jersey?
Not necessarily. Many international services operating in The Philippines offer cash transfers to Jersey, so you can send money without a bank account. However, if you’re using online banking or bank-to-bank transfer from The Philippines to Jersey, an account will be required.
Are there limits on how much I can transfer?
Yes, each service has its own limits on the transfer amount.
You can find information about the limits on the service's website or app.
How to calculate taxes on foreign payments?
If for some reason the bank's rate on that day was higher than the Central Bank's rate (the rarest
case), the "service" received is also taxed. It is easier to follow this point than to deal with
additional calculations.
Can I send money from The Philippines to a bank account in Jersey?
Yes, many international money transfer services allow you to send money from The Philippines directly to a bank account in Jersey. You will usually need the recipient’s full name, bank name, IBAN, and sometimes the SWIFT/BIC code for Jersey banks.
