Ok so I bought a house on Mactan Island in Cebu. Everything is signed and sealed and reservation deposit has been paid.
I am putting down a Spot Payment of $12,000 up front. This needs to be paid within the next 30 days.
I am trying to find the cheapest way I can send the money to Philippines without paying huge fees??
I bank offshore with Lloyds TSB and they dont charge me anything to send money to bank account across the world, however from experience I know that banks in PI can charge massive fees when you send money. Between shit exchange rates and stupid charges if i sent $12,000 I would be afraid that only $10,000 would received.
Does anyone have any advice or know of banks in PI that dont charge ridiculous fees?
Just to let you know - am in a country where I can't get to Lloyds Branch so electronically is my only choice.
Thanks in advance.
Billy