Best payment method for remittance

[Giselle216]

Hello, what bank do you recommend for accepting payments with a high exchange rate and fast, hassle-free remittance? Thank you!

[Rebecca]

Hello @Giselle216 👋

A great question here and I wanted to tag some experienced hosts also from the Philippines who may be able to offer their support/advice: @Bea2137, @Anton7298 and @Mia1090 - I wondered if you could offer Giselle some support regarding payment methods? 

Thanks so much in advance 😊

[Mia1090]

Hi @Giselle216 !

Airbnb payouts are already converted to pesos at the time of processing, so we don’t have the option to choose a payout method that offers a higher exchange rate.

Personally, I prefer receiving payouts directly to my bank either UnionBank, BDO, or PSBank. The funds usually arrive within 2-3 days after check-in, and so far, I’ve never had any issues.

If you’re looking for a fast and hassle-free option, I’d recommend choosing any local bank. Hope this helps! 😊

[Giselle216]

Thank you so much! 

[Mia1090]

Anytime @Giselle216! 🤗

[Giselle216]

How about BPI?

[Mia1090]

BPI should work fine too. BPI was the first banking method we used before until we switched to Unionbank. 😊