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Best ways to send money to the Philippines

Compare options for cheap, fast money transfers to the Philippines.

Looking for the best way to send money from Canada to family, friends or businesses in the Philippines (or even to your own overseas bank account)?

Instead of using your Canadian bank, consider money transfer specialists. They tend to offer better exchange rates and lower fees, so for the same amount of Canadian dollars you send, your recipient will receive more Philippine pesos.

Of the companies we’ve compared, Xe is among the cheapest. Need a really fast transfer? Remitly can get money to your recipient in the Philippines within minutes.

Compare money transfer companies to send money to the Philippines

Name Product Offer Filter Values Fastest Transfer Speed Fees (Pay by Bank Transfer)
Xe Money Transfers
Within minutes
$0
Xe has fast transfers with low fees and a range of foreign currency tools.
OFX
Finder Award
OFX
24 hours
$0
Exclusive offer: Discounted exchange rates for your first and ongoing transactions. $0 transfer fee.
OFX has no maximum limit transfers, with competitive exchange rates for 50+ currencies.
Remitly
Finder Award
Remitly
Within minutes
From $0
Special offers like free transfers and better exchange rates available for new customers.
Remitly has quick, affordable transfers around the world, with both express and economy options.
Wise (TransferWise)
24 hours
From 0.43%
Wise uses the mid-market rate and transparent fees to help you send money in 45+ currencies.
Xe Money Transfers
Within minutes
$0
Xe has fast transfers with low fees and a range of foreign currency tools.
MoneyGram
Finder Award
MoneyGram
Within minutes
From $4.99
For a limited time, get $0 fees on your first money transfer from Canada. Conditions apply.
MoneyGram has fast cash pick-up transfers to more than 350,000 agent locations worldwide.
Instarem
Within minutes
From $0
Use code HELLO to get $20 off on first two transfers on a min transfer of $250. Valid until November 30, 2023.
Instarem offers zero transfer fees on all transfers.
Loop
Within an hour
$0
Loop has 1 day transfers and low FX rates.
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We only list services that are overseen by a government regulator.
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Every service we compare has been assessed and reviewed by our editorial team.

What’s the best way to send money to the Philippines from Canada?

The best way to send money to the Philippines depends on whether you’re looking for cheap or fast. The cheapest money transfers will not be the fastest, and the fastest money transfers will not be cheapest, so first decide what your top priority is when searching for the best money transfer service.

The cheapest way to send money to the Philippines

Take the following steps to get the cheapest way to send money to the Philippines.

  1. Go with a money transfer specialist. Money transfer specialists typically offer better exchange rates and cheaper fees than banks. They trade large volumes of currencies, which allow them to lower costs and pass on those savings to you.
  2. Pay for the transfer via bank transfer. Using other payment methods, such as debit or credit card, will result in extra charges.
  3. Deliver to your recipient’s bank account. Other delivery methods, such as cash pickup, home delivery and mobile wallet, usually come with extra fees.

Cheap providers offering money transfers to Philippines

The fastest way to send money to the Philippines

If you’re looking for the fastest way to send money to the Philippines, do the following:

  1. Choose a money transfer specialist. They can offer faster and cheaper options than banks.
  2. Pay by debit or credit card. You’ll pay an extra fee, but it’ll speed up the process.
  3. Deliver via cash pickup. Delivering to an agent location is often fastest. Your recipient can pick up the cash within minutes after you complete the process.

Fast providers offering money transfers to Philippines

  • Remitly – within minutes
  • WorldRemit – within minutes
  • MoneyGram – within minutes

Example: What’s the best way to send a $200 remittance to the Philippines?

On July 28, 2023, we visited several money transfer sites and received the following quotes for a $200 remittance to the Philippines.

Keep in mind that these are examples only, and how much you’ll pay to send money to the Philippines will depend on several factors, such as the exchange rate at the time, the amount you’re sending, payment and delivery method, transfer speed and any special offers.

In this example, we aimed for the lowest fees possible for a $200 transfer, which involved paying by bank transfer and sending the remittance to the recipient’s bank account, if available.

ProviderExchange rate (PHP per 1 CAD)FeeRecipient gets
Wise41.4951$3.47₱8,155.03
Remitly40.58 (without promo)
41.59 (with promo)
$4.99 (without promo)
$0.00 (with promo)
₱8,116 (without promo)
₱8,318 (with promo)
Instarem41.1175$0.00₱8,223.50
WorldRemit40.5345$0.00₱8,107
Xe41.161$3.99₱8,232.21
Remitbee41.1109$2.99₱8,222.18
Western Union40.8084$0.00₱8,161.68
Xoom40.5223$0.00₱8,104.45
SendwaveNot disclosedNot disclosed₱8,078
Simplii40.456348$0.00₱8,091.27
PaySend41.0611$0.00₱8,212

What’s the best remittance app to send money to the Philippines?

The best international money transfer apps to send a remittance to the Philippines will have a combination of easy user experience, affordable fees and fast transfer speeds.

The providers below have highly rated apps for both Android and iOS. Based on recent reviews for 2023, we found that Remitly and WorldRemit received the most consistent positive feedback about their simplicity, low fees and speed.

ProviderApp ratingNumber of downloadsPositive feedbackNegative feedback
XeAndroid: 4.8 – ★★★★★

iOS: 4.8 – ★★★★★

10m+Easy to view ratesDifficulties with transfers going through
WorldRemitAndroid: 4.6 – ★★★★★

iOS: 4.8 – ★★★★★

5m+Low fees, quick and convenient, reliableLong waits for customer service, technical difficulties
RemitlyAndroid: 4.8 – ★★★★★

iOS: 4.9 – ★★★★★

10m+Easy to use, fast, low feesFee for Express and Economy service is the same, slower transfers
WiseAndroid: 4.7 – ★★★★★

iOS: 4.8 – ★★★★★

10m+Cheap, fastScheduling was hard to find, fees charged to transfer money to an account and to send it, technical difficulties
InstaremAndroid: 4.4 – ★★★★☆

iOS: 4.2 – ★★★★☆

100k+Easy and fastFees are not as competitive, technical difficulties
MoneyGramAndroid: 4.5 – ★★★★★

iOS: 4.8 – ★★★★★

1m+Fast and easy, attention to security, discount promosTechnical difficulties, not as easy to use
OFXAndroid: 4.5 – ★★★★★

iOS: 4.8 – ★★★★★

100k+Secure, excellent service, fast and easy, competitive feesTechnical difficulties, slower transactions/service
Western UnionAndroid: 4.2 – ★★★★☆

iOS: 4.5 – ★★★★★

500k+Easy to use, fast transactionsAccount cancelled suddenly, technical difficulties

How exchange rate and transfer fees influence cost

When you’re hunting for the best ways to send money to the Philippines, look at the overall cost of your transfer, which will consist of the following:

  • Exchange rate. Many money transfer services add markups to exchange rates in order to make profit.
  • Transfer fee(s). Money transfer services may charge either a fixed or percentage-based fee for making your transfer. Fees start at $0.

Providers differ in how they use these two elements. Some may offer the best exchange rate available but add fees on top. Others may have very low or zero fees but apply a markup on the exchange rate.

This is why it’s important to look at both types of charges and to compare exactly how many Philippine pesos your recipient will end up with.

CAD to PHP: What are the historical exchange rates?

What’s the safest way to send money to the Philippines?

The safest way to get your money to the Philippines is to use a provider registered with Canada’s industry regulators, Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) for private money transfer services and Financial Consumer Agency of Canada (FCAC) for federally regulated financial institutions.

All of the companies we’ve compared in our table are overseen by a local regulator and comply with the relevant laws and regulations in both Canada and the Philippines.

A great way to dive deeper is by reading our extended reviews of each transfer service and researching first-hand customer feedback on Trustpilot, Better Business Bureau (BBB) and similar platforms.

Tips to transfer money safely to the Philippines

  • Get a receipt and transaction reference number. This allows you to track the remittance and to have a record should you encounter any issues with the transfer.
  • Get the money transfer company’s policy on unsuccessful transfers. Before sending any transfers, check if they offer any protection or guarantee if your recipient doesn’t receive the right amount or it arrives late.
  • Do not send money if you don’t know the recipient personally. And if you do know them personally, contact them through a phone number you know to avoid being scammed by someone pretending to be a loved one.

How to send money to the Philippines from Canada

  1. Create an account.
    You’ll need to give your name, address, contact details, proof of ID and method of payment.
  2. Provide your recipient’s details.
    Enter your recipient’s name and contact information. If you’re sending straight to their Philippine bank account, you’ll need the account number, SWIFT or IBAN plus their bank branch’s address.
  3. Enter your transfer amount.
    Check you’re happy with the fees, exchange rates and transfer speed, then enter the amount you wish to send. Double-check the total Philippine pesos your recipient gets.
  4. Complete your transfer.
    Send your money transfer to the Philippines. Keep your transaction reference number safe so you can track your transfer. Your recipient may need it too.

What details do I need to send a remittance to the Philippines?

  • Photo identification. This could be a driver’s licence, passport or other Canadian government-issued ID.
  • A way to pay. Your options depend on the provider’s services. Popular methods include cash, debit or credit card and bank account transfers.
  • Recipient information. You’ll need their name (matching their ID) plus contact details. If sending to a Philippine bank account, you’ll need their account number, SWIFT and branch details.

What does my recipient need in order to get the money?

  • Transfer number. This is the transaction reference number – sometimes called a PIN, MTCN or tracking number.
  • Government-issued ID. They’ll need to provide an official ID, such as a Philippine passport, driver’s licence or Philsys ID/National ID.
  • The transfer amount. Your recipient will need to know how much has been sent, usually to within 10% of the total.
  • Sender information. They’ll need the sender’s name and address and the transfer’s country of origin.

Large money transfers to the Philippines

If you need to make a sizable money transfer to the Philippines, consider using a provider such as OFX to benefit from its expertise in handling larger transfer amounts.

Using a large transfer specialist can have the following advantages:

  • Tax guidance. Large transfers to the Philippines may have tax implications for you or your recipient. A transfer specialist can help get you up to speed on CRA’s latest advice.
  • Foreign exchange (forex) tools. Advanced tools such as forward contracts, limit orders and stop-loss orders can help you lock in the PHP exchange rate you want.
  • Account manager. Some money transfer providers assign a personal account manager who can help and advise you on your transfer needs.
  • Phone service. If you want to talk your transfer through with someone, providers such as OFX can give you support over the phone.

How to choose the best money transfer companies to send money to the Philippines

When choosing a money transfer provider to send money from Canada to the Philippines, it’s important to consider the cost, how you want your recipient to receive the funds and the turnaround time. Here are other features to review:

Exchange rates

Banks and transfer services use the mid-market rate to trade with one another. It is the best rate you can get. However, not all money transfer providers offer you this mid-market rate so compare the PHP you’re offered to the mid-market rate and look for the smallest difference.

Transfer fees

Are you being charged a flat fee or a percentage of your transfer amount? For example, a provider offering to transfer your money to the Philippines for a flat or low fee might work out better if you plan to send a large amount.

Transfer type

Does your recipient have a Philippine bank account or is cash or cell phone top-up a better option? Each transfer type will have different fees. For example, instant cash pickups tend to be more expensive than bank transfers.

Transfer speed

If you need your transfer to arrive quickly, you can pay for an express delivery. Companies such as WorldRemit offer instant cash pickups but may charge more. If you’re not in a rush, online money transfer services offer the best value and get your money to the Philippines faster and cheaper than banks.

Transfer limits

Find out how much you can send with each service. For example, Remitly has a transfer limit of $999 while OFX allows unlimited transfers.

Discounts

Some providers may offer you a free transfer simply for signing up. Others may offer a discount if you transfer more than a specific amount of Philippine pesos.

Frequently asked questions about sending money to the Philippines

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Publisher

Leanne Escobal is a publisher for Finder. She has spent over 11 years working with financial products and services, specializing in content and marketing. Leanne has completed the Canadian securities course (CSC®) as well as the personal lending and mortgages course by the Canadian Securities Institute. She has a Bachelor of Arts (Honours) in English literature and creative writing from Western University. See full bio

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10 Responses

    Default Gravatar
    WilliamApril 6, 2016

    I need to send money from Australia to Philippines as a cash pick up. What are my options

    Default Gravatar
    janevielDecember 2, 2015

    hello how can i track world remit cebuana lhuillier ? WORLDREMIT sent me text message with the control number but the girl said control number is invalid ?

      AvatarFinder
      ShirleyDecember 2, 2015Finder

      Hi Janeviel,

      Thanks for your question.

      Airtime transfers should be instant – if this isn’t the case please get in touch with WorldRemit directly by clicking ‘Go to site’.

      Cheers,
      Shirley

        Default Gravatar
        janevielDecember 3, 2015

        my friend send me money through WORLDREMIT CEbuana Lhiullier (Metrobank Transaction) on DEc.1 but then when i come to the Cebuna Outlet here , its says the control number invalid nothing found on the control number WORLDREMIT texted me and that text i give it to the Cebuna but as they told me many times no money in that control number totally invalid , all outlet i come all says its INVALID!!! i talk them personally and the manager here its INVALID!!. my friend already contact worldremit but then nothing happen What is the problem??? **********

          AvatarFinder
          ShirleyDecember 3, 2015Finder

          Hi Janeviel,

          We’re sorry to hear about your experience with Worldremit. As we are not Worldremit unfortunately we do not know what the problem is.

          If you’ve quoted the reference “WorldRemit” and your transaction number (the one that your friend has received) and it still hasn’t arrived, please speak to Worldremit directly on: +61 2 6145 2161.

          It might be worth checking with your friend that he or she has put in the correct details.

          Cheers,
          Shirley

    Default Gravatar
    yasemineJune 21, 2015

    I am here in turkey. How can i send money through this FINDER .com , is it have here in turkey?

      AvatarFinder
      JodieJune 22, 2015Finder

      Hi Yasemine,

      Thank you for contacting finder.com , a financial comparison website.

      You have reached finder.com , we are an Australian financial comparison website and do not process any transaction only supply information regarding services offered by different financial providers. All the information for our international money transfers is for transferring funds from Australia.

      Please feel free to see if any of the providers we have on our international money transfer page work within Turkey.

      Regards
      Jodie

    Default Gravatar
    GabrielMay 8, 2015

    why NO calculation or calculator for Australian dollar to Philippines peso?

      AvatarFinder
      MarcMay 11, 2015Finder

      Hi Gabriel,
      thanks for the feedback.

      We’re working hard to expand our calculator in the near future to offer the ability to calculate transfers from AUD to PHP. Thanks for using our service in the meantime.

      Cheers,
      Marc.

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