The best services to transfer money to the Philippines
List of the best services to transfer money from the US to Philippines:
🪙 Cheapest to a bank account | WorldRemit |
💳 Best with credit card payment | WorldRemit and Remitly |
💶 Easiest cash pickup | WorldRemit and Remitly |
🎁 Special offers for first transfers | CurrencyFair |
With the advancement of technology, sending cash across borders is easy and fast, unlike decades ago when it was a stressful and risky affair.
When you’re sending cash to the Philippines from any part of the world, you’ll be surprised at the many options available to you. And make no mistake; the Philippines is one of Asia’s popular destinations for foreign remittances. It’s also home to illustrious Filipinos who are known to migrate to foreign countries in search of better opportunities in employment, studies or business. For Filipino expatriates willing to remit cash to family and friends based in the Philippines, they can choose from bank transfers, international money transfer agents, cash pick up agents, Paypal, credit or debit cards, among others.
How to send money to the Philippines online?
- Enter the country of departure – United States.
- Enter the country of receipt – Philippines.
- Select the departure currency - you can send money online from the US in USD and EUR.
- Enter the transfer amount in the selected currency - for example, 2000 USD.
- Select receipt currency - the recipient can receive money in Philippines in PHP, USD, EUR.
- Choose an appropriate option from the 12 proposed providers and follow the link to process a money transfer from the US to Philippines.
Available options for receiving remittances to Philippines
We have found several available options for receiving remittances in Philippines. Receiving a transfer in Philippines can be done to a bank account, mobile wallet, card or in cash.
How do I send money to Philippines to a card?
How do I transfer money to Philippines to a bank account?
How do I send money to Philippines to a mobile wallet?
Different ways to pay for money transfers to Philippines
We have found a few convenient ways to pay for money transfers to Philippines. You can use a Debit card, Credit card, Bank Debit (ACH), Payee, Bank account, Cash at Location, Apple Pay, Google Pay or Trustly to pay for transfers to Philippines.
How to transfer money to Philippines with a debit card?
How to send money to Philippines from a bank account?
How to remit money to Philippines by credit card?
How to send cash to Philippines?
How to wire money to Philippines using Bank Debit (ACH)?
How to easily process a money transfer to the Philippines?
- Sending cash to the Philippines is easy and straightforward, regardless of the method you settle on.
- For international cash remittance services like WorldRemit, the whole process starts when you sign up for an account.
- The next step is to show your ID, after which you are allowed to deposit money for remittance.
- You then pay the transfer fee and within hours, depending on the service you pick, the money will be deposited into your recipient’s bank account.
In case of an interbank transfer, it’s best to use an international bank with branches in the Philippines. That way, you’re assured of a smooth process and lower fees. For Paypal transactions, you’re required to create your own account, and to make sure that your recipient has a Paypal account. When everything checks out well, the cash hits your recipients Paypal account in minutes.
Top 9 money transfer providers for sending money to the Philippines
Provider | Rate | Fees and special offers |
---|---|---|
WorldRemit | 56.8620 PHP | First 4 transfers are fee-free with code 4FREE |
InstaReM | 56.1874 PHP | $10 off first 2 transfers with code FROMTO |
Remitly | 55.9800 PHP | Special rate and no fees on your first transfer |
Wise | 56.4309 PHP | Fees = 17.62 USD |
Xe | 55.8840 PHP | Special rate for new customers |
MoneyGram | 55.4949 PHP | First transfer is fee-free |
OFX | 55.4018 PHP | No fees |
Sendwave | 54.23 PHP | No fees |
CurrencyFair | 53.3235 PHP | First 10 transfers are fee-free |
Which service should you use to send money to the Philippines?
Sending money to the Philippines can be a costly affair, depending on the service you use. Some service providers charge a premium for small amounts of cash, while others do not charge a penny to send small amounts of money. As such, it’s paramount that you shop for the best method to send cash to the Philippines as there’s no size for all.
Reliable online remittance providers to the Philippines
Send money from the US to Philippines with Wise
Wise (formerly TransferWise) offers some great options for sending money from the US to Philippines. | |
💱 Is it cheap? | The exchange rate at Wise is 56.4309 PHP for 1 USD. The fees and transfer speed depend on the payment option you choose and can vary. |
💲 How to pay? | The best way to pay is via Bank Debit (ACH). There is also the option of paying using Bank account, but the fees will be higher. |
⌚ Is it fast? | The fastest way to send money is via Bank Debit (ACH). The transfer will then be processed within 1 day. If you use Bank account for payment, it will take up to 2 days. |
💰 How to receive? | There is only one option available from Wise for transfers to Philippines - money can be received into a bank account. |
Send money from the US to Philippines with Xe
Xe has several good and reliable options to transfer money from the US to Philippines. | |
💱 Is it cheap? | XE has set a special exchange rate for new customers - 1 PHP can be exchanged for 55.8840 USD. |
💲 How to pay? | The best way to pay is via Bank account, which does not charge any fees. You can also pay with a Debit card or Credit card, but XE will charge you a fees. |
⌚ Is it fast? | If you pay via Bank account, Debit card or Credit card, the transfer will be delivered to Philippines within 24 hours. |
💰 How to receive? | Using XE, the recipient will only be able to receive transfers from the US to their own bank account. |
How much does it cost to wire money to the Philippines?
There’s no denying; transfer fees make up the biggest expense when sending cash overseas. That’s why it’s advisable to shop for the cheapest method when you are sending any amount of cash to the Philippines. E transfer services, including InstaRem, Skrill and TransferWise are renowned for their low transfer fees, mostly based on a commission that ranges between 0.25 and 0.5% of the total transfer amount. As always, emergency remittance services will be costlier than normal remittances, and bank transfers are costly when transferring small amounts. They are best suited for bulk transfers. Some services like Skrill don’t charge any fee for small amounts sent to the mobile phone, and some services charge a flat fee regardless of the amount you’re sending. It’s advisable to compare different services before choosing one.
Here are the most popular methods to transfer cash to the Philippines:
- Bank transfers
- E tranfer services like InstaRem and Skrill
- International remittance services with cash pick up agents
- Paypal
Our advantages
We know that getting the cheapest money transfer service can be a hassle for most people, that’s why we have put together a dynamic comparison website to help you get the best service that suits you.
Here’s what you get from our online comparison tool:
- companies with the best rates
- tips on the cheapest cash transfer methods
- ratings for different remittance providers
- vetted and verified companies that you can choose
In a nutshell, sending cash to the Philippines should be easy and affordable. You only need to search for the cheapest, easiest and most reliable method to use. Again, the best service will depend on your needs, so take your time and shop around.
FAQ
What is the best way to send money from the US to Philippines (USD → PHP)?
What is the fastest way to transfer money from the US to Philippines (USD → PHP)?
What is the cheapest way to transfer money from the UK to Philippines (GBP → PHP)?
How long does it take to send money from the UK to Philippines (GBP → PHP)?
What payment methods to use for transfers from the US to Philippines?
How to receive money transfer from the US in Philippines?
How to send money from the US to Philippines for free?
Popular destinations for transfers to the Philippines
- Afghanistan
- Åland Islands
- Albania
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- Andorra
- Angola
- Anguilla
- Antigua and Barbuda
- Argentina
- Armenia
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- Congo RDC
- Cook Islands
- Costa Rica
- Croatia
- Cuba
- Curacao
- Cyprus
- Czech Republic
- Denmark
- Djibouti
- Dominica
- Dominican Republic
- Ecuador
- Egypt
- El Salvador
- Equatorial Guinea
- Eritrea
- Estonia
- Ethiopia
- Faroe Islands
- Fiji
- Finland
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- French Guiana
- French Polynesia
- Gabon
- Gambia
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- Gibraltar
- Greece
- Greenland
- Grenada
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- Guam
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- Guinea
- Guinea-Bissau
- Guyana
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- Honduras
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- Iceland
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- Indonesia
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- Ireland
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- Ivory Coast
- Jamaica
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- Laos
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- Réunion
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