RIA Money Transfer is the newest and perhaps the hottest remittance service Filipinos in Thailand are currently into. It was all over Facebook these past few days because its exchange rate is higher compared to others in the market. I posted an article dedicated to RIA last week on The Pinoy Legacy and it received more than a hundred engagements. If you haven’t read the article yet, just click the link below.
Read: RIA Money Transfer’s high exchange rate excites Filipinos in Thailand
Since everybody is sharing their personal experiences on how they made their transactions via RIA Remittance Service, I figured to share mine as well. So, here it is.
On Monday I went to Government Savings Bank to try RIA myself at Tesco Lotus Extra Phitsanulok. Before entering, I already saw a couple of Filipinos talking to the tellers. There were no second thoughts, I already knew the very reason they were in the bank. We simply said our hellos and I waited for my turn.
When it was my turn, the bank teller didn’t say anything. She simply smiled and handed over to me the RIA form while pointing at the blanks that I needed to fill out.
The form doesn’t have much information to fill out. As a sender, you’ll have to write your full name, passport number, address in Thailand. You’ll also have to fill in the receiver’s information such as the full name, address, ID number (passport), and phone number. After which, you can either choose BDO, Palawan Pawnshop, Cebuana Lhuillier and M Lhuiller to name a few as to where the receiver can get the money.
I sent the money on Monday but I informed my receiver of the PIN number the following day. An hour after I informed my kapamilya, I got a message saying they’ve already got the money. Exchange rate: 1 baht = 1.7 PHP.
If you’re wondering, confused, or doubtful whether RIA is real, check out the GSB branch near you. Try it yourself because for me and many others – RIA is real!