MONEY REMITTANCE THREAT
Greedy mongrel banks are threatening both your local Filipino shop and your access to cheap money transfer to loved ones back in the Philippines.
Westpac and St George banks have been actively closing down accounts of any small business involved with money remit services - forcing people to use their more expensive 'money-grabbing'services. Other big banks are doing the same, with little regard to the welfare of those struggling to live in the Philippines, little to care if they live or die.
If they are allowed to destroy these services, many Australian Filipino businesses will be destroyed, many people will be out of work (again).
Average fees from a bank are around $30, where as the small local remit providers do it for as little as $8 to Manila.
Rates at banks are always well below that of the local remit provider. A recent example being 36.90 (compared to the bank in the very low 35s).
Bank transfers take up to a week, where your local provider do it in as little as a few hours, or the next day.
Relative dying in hospital in the provinces awaiting for funding - those Australian bank managers don't care less.
Its an absolute disgrace - don't remain quite and whinge about it later as always, stand up and be heard.
Philippine Sentinel Newspaper
Australian Remittance And Currency Providers Association
Please SIGN THE PETITION takes 2 minutes and saves 20 years of complaining later.