Transferred USD, got market fx rate and only .25% fee

[earthdome]

I recently transferred $1000 USD, got a market fx rate of 58.75 and was only charged a .25% fee of 147 php. And it can be very fast taking less than 30 minutes. I have been using this method for over a year and it has been working well for me. It takes a few more steps using two different apps but once you have done it a few times it is easy.

I can post more info if anyone is interested. 

[JJReyes]

Yes.  Please explain your method. It's always great to know alternate ways to send and receive money.

At one time, financial transaction fees were substantial because bank employees had to be involved in the process.  Today, the customer does all the work.  The high fees are no longer necessary, unless of course, the financial institutions are being greedy.  You may recall the time when a stockbroker was needed to buy or sell stocks.  Now you can do everything yourself.