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Remittance Options
Remittance
Option
Method
Advantages
Disadvantages
Post Dated Checks
•
Very easy
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Available anywhere in the world
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US dollar checks take 30-45 days to clear. Therefore, monies paid will also take 30-45 days to be credited in your name.
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Only Peso or US dollar checks accepted.
Bank-to-Bank Wire Transfer
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Easy, Secure
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Valid in any country
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You have to go to your bank each month to give them instructions to remit to Century Communities Corporation
•
Charges range from $10-$20 per remittance
RemitHome
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Easy, convenient, secure
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Cheaper than wire transfer
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Can be done from any point where there is an internet connection
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Only valid in the US
Equitable Bank's Express Padala Service
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Valid in more than 60 countries
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To see location of all Express Padala Centers click:
here
•
Allows you to open a local Philippine Peso account in your
name even though you are not in the Philippines
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Auto-debit arrangement makes crediting of payments more convenient and timely
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Slightly more complicated than other options
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Funding of amortizations should be strictly monitored and done regularly in order to match the schedule of payments.
Other Fund Courier Services
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Last resort
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Not guaranteed to arrive on time
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Payments sometimes gets lost
Copyright © 2004, Century Properties, Inc. All rights reserved.