Send money to Kuwait
Send money to Kuwait from the Philippines with a trusted and affordable money transfer provider.
If you ever need to send money from the Philippines to Kuwait, there are several money transfer companies able to handle the transaction. You just need to compare their exchange rates, fees and features to find the company that offers the best deal.
Send money to Kuwait using a service below
Banks versus money transfer companies
One option when sending an international money transfer is to send a telegraphic transfer from your Philippines bank account to a Kuwaiti bank account. But while this is undoubtedly a safe and secure option, it’s also a costly one – banks charge high transfer fees and typically offer some of the worst exchange rates around.
In recent years, specialist money transfer companies have emerged and regularly offer a better deal on transfers. These companies, such as WorldRemit and Western Union, are foreign exchange specialists and trade in large volumes of foreign currency. This allows them to offer superior exchange rates to the banks which, combined with lower fees, makes them a much more affordable transfer option.
How do I compare transfer companies when transferring money to the Kuwait?
Comparing money transfer providers and banks could save you money, when you consider:
- Competitive exchange rates. Small differences in the exchange rate can have a big impact when transferring large amounts of money.
- Minimal fees. Fees may vary depending on the institution and the currency involved.
- A range of transfer methods. Both banks and transfer companies offer online transfers using a bank account or credit card. However, some may advise you to visit an agent and start the transfer in person.
- Convenient pick-up methods. Whether it’s a personal or business transfer, it’s important to consider the circumstances of your primary recipient.
- Reliable customer service. The accessibility of a customer service representative is also worth considering in the event that something goes wrong.
How do I send money to Kuwait from the Philippines?
- Bank transfers. You can send money from your Philippines bank account to a bank account in Kuwait.
- Cash pickup transfers. Western Union and MoneyGram both operate cash pickup locations in Kuwait.
- Online money transfers. Companies such as OFX, WorldFirst and TorFX offer this service.
- Bank cheque. You could also obtain an international guaranteed cheque from your bank and post it overseas.
How do I receive money from Kuwait in the Philippines?
- Bank transfers. Transfers can also be conducted from a Kuwaiti bank account to your Philippines bank account.
- Cash pickup transfers. Search online to find your nearest MoneyGram or Western Union cash pickup location.
- Online money transfers. There are several trusted online money transfer providers that allow you to send money between Kuwait and the Philippines.
- Bank cheques. International cheques are a secure but slow transfer method.
What documentation do I need?
A bank-to-bank transfer is ideal if you’re regularly sending money to Kuwait to cover bills and investments. However, if you need to send money quickly, it’s worth considering a cash transfer agency and making note of the following:
- The recipient’s full name. The beneficiary of a cash transfer will need to show photo identification, so make sure the name on the order is the same as on the ID.
- Your full name. As an additional security measure the agent may ask for the full name of the sender, so be sure that the recipient knows your complete name.
- Your recipient’s contact information and bank details. Both the sender and the recipient must have each other’s address and contact details.
- The tracking number. Keep the tracking number given to you when you send the transfer, as the recipient must provide this to the agent before the cash can be released.
Save all paperwork in case there’s a problem with the transfer. It serves as proof that the money was sent and will make it easier to recover.
While the Philippines and Kuwait are far apart, they still maintain strong ties in their expat communities and trade relations. When preparing your move, research the best ways to transfer money in terms of both convenience and competitive price.
Emergency cash transfers in Kuwait
If you ever need to send an urgent cash transfer, remember to take the time to review the full details of your transaction before handing over any money. Emergency transfers tend to attract lower exchange rates and higher fees than ordinary transfers, so even a small transfer could end up costing much more than you expect. Read the fine print closely instead of simply rushing into a transaction.
Cash pickup locations in Kuwait
With hundreds of thousands of agent locations, Western Union and MoneyGram are the world’s two largest providers of international money transfer services. Some popular cash pickup locations in Kuwait are listed below, but make sure to phone ahead to confirm locations and opening hours. Photo ID and a transaction number will also be required when picking up funds.
Tips for picking up cash in Kuwait
- Travellers to Kuwait are advised to exercise a “high degree of caution”
- Take a friend with you for extra security
- Phone ahead to confirm the location and opening hours of a cash pickup agent
- Keep your money concealed – don’t wave it around in front of strangers
- Deposit the money in your bank account as soon as possible
What are the steps to send money to Kuwait?
The transfer process when sending money to Kuwait varies depending on the transfer provider you choose. However, you will generally need to follow these simple steps:
- Sign up for an account. You will need to provide your name, contact details, proof of ID and possibly your bank account details.
- Enter transaction details. You will need to specify whom you are sending the money to and in what country, as well as the amount of money being transferred and your chosen currency.
- Submit and track transfer. Review the details of your transfer before handing over any money. You can then use a tracking number to monitor the progress of your funds.