International transfer with LBC: 2024 guide

LBC®¹ is the largest courier, cargo and money remittance service in the Philippines. Here in the US, you can send an LBC international remittance to the Philippines conveniently, for deposit to a bank account, cash collection or home delivery.

It can be a quick and easy way to send money home to the Philippines - but is an LBC remittance actually worth using?

This guide covers all you need to know about the LBC transfer process and costs - plus we’ll introduce Wise, a handy alternative if you’re looking to compare your options for a remittance to the Philippines, or send a low cost payment elsewhere in the world².

Understanding LBC money transfer international

LBC offers a range of services - but here in the US, the focus is on helping people send money back to the Philippines.

This service could suit anyone making a transfer to the Philippines, and is particularly marketed towards people who’ve left home in the Philippines to work in the US. We’ll work through the remittance options offered by LBC in more detail here.

Can you send money abroad with LBC?

You can send money abroad with LBC - but only to the Philippines³ LBC is a specialist in remittances to the Philippines and has several different service options. However, services are not extended to any other country at the time of writing.

LBC money features

There are 3 different options for sending an international transfer with LBC. Here are your choices:

Type	Description
Instant Peso Padala⁴	Payments can be picked up at any LBC branch in the Philippines the same day
Remit to Account⁵	Payments are deposited into the recipient’s bank account in PHP
PesoPak Door to Door⁶	Payments are delivered to the recipient’s door via courier

Each of these service options has its own benefits and drawbacks, but you’ll be able to pick between them conveniently depending on your specific needs.

Make low cost transfers to the Philippines with Wise

Another smart option if you’re sending money overseas. Meet Wise.

Register a Wise account online or in the Wise app, and send digital payments from your bank account to 70+ countries, with the mid-market exchange rate and low, transparent fees.

Wise always shows you the amount you’re paying and how much your recipient will get — and you can even compare against other providers on the Wise app or desktop site. If another service is cheaper for your particular payment, you’ll be shown — so you can’t lose.

Send money to
the Philippines with Wise

See how Wise compares with international bank transfers in our full guide

Please see Terms of Use for your region or visit Wise Fees & Pricing for the most up to date pricing and fee information

How can you send money internationally through LBC? Step by step

To send money to the Philippines you’ll need to visit an LBC agent in person.

Here are the steps you’ll take:

Find a convenient LBC branch with the branch finder tool⁷ Visit the branch and complete an LBC Express membership form to register Complete a Money Remittance Form for your payment - you’ll need to pick the service you want and confirm the amount to send Submit the form, and pay the remittance fee and the transfer amount in cash You’ll get a receipt with the Tracking Number which you need to pass to the recipient if they’re collecting in cash, or having the money delivered to them

Are there any limitations on how much money you can send through LBC internationally?

The most you can usually send with LBC is 5,000 PHP³.

If there are different limits applied to the LBC money transfer you want to make, the agent will let you know when you set it up.

Limits may vary depending on the individual branch location, and the payment method you’ve picked.

What are the fees for LBC Money Transfer International?

The fees for your LBC money transfer will depend on the payment method you want to use. Costs are set on a sliding scale depending on the service and the value of the transfer.

As an example, we’ll look at the costs for sending a remittance to a bank account in the Philippines. Costs for sending money for cash collection or home delivery may be different:

Payment value	LBC remit to account fee³
100 PHP - 1,000 PHP	100 PHP + exchange rate markup
1,001 PHP - 3,000 PHP	120 PHP + exchange rate markup
3,001 PHP - 5,000 PHP	150 PHP + exchange rate markup

Sending money for cash collection or delivery may have higher fees because it requires more labor. As an example, sending 5,000 PHP for cash collection will cost you 220 PHP, while sending the same amount for home delivery will be 320 PHP.

As well as the upfront cost for your remittance, bear in mind that there’s likely to be a markup on the exchange rate used to convert your USD to PHP in the first place.

This is a fee, but it’s harder to see as it’s rolled into the exchange rate you’re shown. Compare the rates available from LBC with other providers like Wise to find the best for your payment.

Is LBC remittance secure for sending money overseas?

LBC’s money transfer services from the US are powered by International Money Express®, which is a licensed money transmitter. That makes the service secure as long as you use it as intended - to send money to friends, family and people you trust.

LBC international transfer coverage

From the US, you can only send payments with LBC to the Philippines. If you need to move money to another country, you’ll need to pick a different provider.

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Whether or not LBC suits you will probably come down to the specific service you need. If you’re hoping to send a payment to the Philippines to have it collected in cash or delivered to your recipient’s doorstep it’s worth checking if there’s a convenient LBC office near you.

Check out your options, and compare them against alternative ways to send money to the Philippines, like Wise.

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Sources:

1. LBC
2. Please see Terms of Use for your region or visit Wise Fees & Pricing for the most up to date pricing and fee information
3. LBC FAQ
4. LBC Instant peso padala
5. LBC remit to account
6. LBC door to door
7. LBC branch finder

Sources checked on 11.14.2023