Send Money to the Philippines For Cheap

phillipines

Enjoy competitive exchange rates and minimal fees when you transfer funds from Canada to the Philippines.

There are plenty of international money transfer options to choose from if you want to send money to the Philippines. Both banks and specialist money transfer services allow you to send money overseas, however banks typically charge higher fees and provide less competitive exchange rates.

With specialist international money transfer companies, you generally open a free account with the company, deposit your funds into the account and then initiate the transfer. You may need to provide proof of identity, such as your driver’s licence or passport, and some personal details to open an account. Once your transfer has been placed, you will be provided with a receipt or tracking number so that you can monitor your transaction. Unlike banks, these types of services generally provide competitive exchange rates and charge minimal fees.

Although it is cheaper and easier than ever before to send money to the Philippines, it is vital that you shop around for the best deal so less of your money is lost to the transaction.

Browse options to send money to the Philippines below.

Rates last updated November 24th, 2017
Name Product Min. Transfer Amount Transfer Speed Services Online Transfer Fee Rate Amount Received Description
TorFX International Money Transfers
AUD 200
1 day
Online, Phone, Agent
TorFX guarantee to beat any competitor's exchange rate for a transaction. Conditions apply.
Send money overseas in 45 currencies.
Exclusive: World First International Money Transfers
AUD 2,000
1 day
Online, Phone
Exclusive offer: $0 transfer fee and discounted exchange rates for your first trade only.
A higher exchange rate applies to non-finder customers. Send money in more than 130 currencies.
Exclusive: OFX (Ozforex) International Money Transfers
AUD 250
1 day
Online, Phone, Agent
Exclusive offer: Discounted exchange rates for your first and ongoing transactions. $0 transfer fee.
A higher exchange rate applies to non-finder customers. Send money in 45 currencies.
FC Exchange International Money Transfers
AUD 3,000
1 day
Online, Phone, Bank Account to Bank Account
FC Exchange can save you money with its Best Exchange Rate Guarantee. Conditions apply.
No transfer fee when transferring more than £10,000 or equivalent. Send money in 43 currencies.
Compass Global Markets International Money Transfers
AUD 1,000
1 day
Online, Phone
Send money overseas in at least 140 currencies.
HiFX International Money Transfers
AUD 50
2 days
Online, Phone, Agent
Make your first transfer for free
Send money in more than 40 currencies.
Currency Solutions International Money Transfers
AUD 3,000
2 days
Online, Phone, Bank Account to Bank Account
Send money in 39 currencies.
The ‘Rate’ and ‘Amount Received’ displayed are indicative rates that have been supplied by each brand or gathered by Finder.

Exchange rates are volatile and change often. As a result, the exchange rate listed on Finder may vary to the actual exchange rate quoted for the brand. Please confirm the actual exchange rate and mention “Finder” before you commit to a brand.

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Save money on your personal or business international money transfer today. Fill in the form and you’ll be contacted by a foreign exchange expert to have an obligation-free discussion about your options. Our foreign exchange experts offer a best rate guarantee, are ASIC authorised and never charge transfer fees.

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Banks vs international money transfer services

Most Canadian banks allow you to directly send money to the Philippines. As mentioned above, using your bank to send the international transfer will incur costly fees and you may have to settle for a poor exchange rate. You might be much better off looking to send funds with a dedicated money transfer provider.

Specialist money transfer companies offer fast and affordable overseas transfers, typically with competitive exchange rates and lower fees than those offered by banks. These companies offer faster turnaround times and can even have the money available to your recipient just minutes after you send it.

Case study: Arvin sends money to the Philippines

Arvin wants to send a gift of $1,000 to his cousin in the Philippines. He knows that sending the money from his bank in Canada will incur high fees. With this in mind, he decides to compare the exchange rate and fees of his bank with those offered by a specialist money transfer company. The results of his comparison can be seen in the table below.

BankMoney transfer company
Exchange rate$1 CAD = 37.30 PHP$1 CAD = 40.17 PHP
Transfer fee$25$12
Transfer time2-5 days.Less than 24 hours.
Transfer optionsOnline or at a branch.Online.
Amount received for $1,000 (PHP)37,300 PHP40,170 PHP
Difference (PHP)2,870 PHP

If Arvin sends money using a specialist money transfer service, he will not only be able to send 2,870 PHP more to his cousin, but he will also pay $13 less to send the funds overseas. Sending money via the dedicated service provider will save Arvin almost $100 with the better exchange rate and the lower fee.

How do I compare transfer companies when transferring money to the Philippines?

Take the following factors into account when comparing the services offered by different money transfer companies:

  • Competitive exchange rates. You will want to look for a company that offers high exchange rates. Keep in mind that some companies will hide high fees with better exchange rates, so be sure to compare both the exchange rate and the fees.
  • Little to no transfer fee. Most companies will charge a fee for every transfer you make, either at a flat rate or as a percentage of your transfer amount. Other companies will waive any fees when you transfer more than a certain amount of money, which usually begins at the $10,000 mark.
  • Flexible transfer methods and options. Compare providers to determine if you can send the funds online, via phone or in a branch. Some services will also provide flexible options like regular scheduled transfers, forward contracts and market orders.
  • Quick turnaround time. Compare the average processing time offered by each company for money transfers to the Philippines. Companies may be able to send funds in a few minutes, a day, or a few days. Keep in mind that the faster the transfer, the higher the fees may be.
  • Convenient pick up methods. Some companies will allow cash pickup within minutes, while others can send funds directly to your recipient’s bank account. Compare options that suit both you and your recipient.
  • Low minimum transfer amounts. Some companies have minimum transfer limits in place, which can be an issue if you only want to send a small amount of money. Other companies may have a maximum limit in place, which can also cause you problems if you are looking to transfer a large sum of money.
  • Reliable customer service. Check to see if phone, email and live chat are offered by the service provider. Some companies may provide 24/7 help while others may only be available during weekdays.

How to send money to the Philippines from Canada

The Philippine Peso is a commonly traded currency on the global marketplace, which means there are plenty of options to choose from when looking to send money to the Philippines from Canada. Your options include:

  • Bank transfers. Many Canadian banks will let you send funds to the Philippines, though you should keep an eye out for poor exchange rates and high fees.
  • Money transfer for cash pickup. Western Union and MoneyGram allow you to send cash to the Philippines within minutes. Your recipient can pick up the funds from a number of agent locations across the Philippines. Fees tend to be higher with these companies, but if you are looking for quick transfers, you should consider these two services.
  • Money transfer companies. Specialist money transfer services like TorFX, OFX, World First, CurrencyFair, Travelex, WorldRemit and FairFX offer fast and affordable international money transfers.
  • PayPal. Funds can be sent via PayPal if both you and your recipient have a PayPal account. Keep in mind that funds take a few days to reach your recipient’s bank account.
  • International money order. You can also obtain an international guaranteed cheque from your bank or the post office which can then be posted overseas. This is the slowest way to send a money transfer.

Emergency cash transfers in the Philippines

Foreign-Money-Transfers

There are some situations where you or someone you know may need to transfer funds to the Philippines as quickly as possible. For example, you may be travelling the Philippines and have your wallet or purse stolen. One of your relatives can send you cash via a money transfer service, which allows you to pick up the funds within minutes after they are sent.

It is important that you exercise caution when sending an emergency cash transfer. Make sure you know the exact exchange rate that will apply to your transaction and read the fine print to understand if you will face any other fees.

Cash pickup locations in the Philippines

WorldRemit, Western Union and MoneyGram offer multiple branch locations across the Philippines where you or your recipient can pick up funds. When you go to pick up funds, remember to take a valid photo ID and some details of the transaction with you. You will likely need to know the reference number, who sent the money, and how much money was sent. In addition, it is also a good idea to phone ahead and make any necessary arrangements if you are picking up a large sum of cash. Ask your hotel to call you a trusted taxi driver and immediately return to the hotel to put the funds in a safe place. If you have been robbed, remember to report it to the police. Here are some of the WorldRemit, Western Union and MoneyGram locations in the Philippines:

WorldRemit

WorldRemit allows you to make cash pickups at M Lhullier, Metrobank, Palawan Pawnshop, PSBank, LBC, BDO and Cebuana Lhullier branches.

  • Quezon City

    M Lhuillier

    Palawan 7 Quezon

    New Public Market, Poblacion 5304

  • CLH Bago Bantay

    132 D Ilocos Sur St cor Bukidnon St. Bago Bantay, Brgy. Ramon Magsaysay District 1

    2-928-3425

    Open Monday to Saturday 7am to 7pm, Sunday 7am to 6pm

  • Manila

    CLH G. Tuazon

    2019 G. Tuazon St. Cor. Honradez St. Ext., Brgy. 549 Zone 045, District IV, Sampaloc

    2-708-8051

    Open Monday to Saturday 7am to 8pm, Sunday 7am to 6pm

  • PSBank Caloocan

    G/F G. Raymundo Building, 314 EDSA

    Monumento, Caloocan

    (632) 361-2163

Western Union

  • Quezon City

    Aguirre Pawn Shop

    General Luis Street 245

    Novaliches

    Quezon City, Metro Manila 1123

    +63-2-6202360

    Open Monday to Saturday 8am to 5pm

  • Alyanna Pawn Shop

    N Domingo Cor Dna Juana Rodriguez

    Alyanna Mini Mart

    Quezon, Metro Manila 1100

    +63-2-4138510

    Open Monday to Saturday 8am to 6pm

  • Manila

    Aguirre Pawn Shop

    Prime Block Podium Level

    Tutuban Center

    Manila, Metro Manila 1013

    +63-2-6202360

    Open 9am to 6pm seven days

  • China Banking Corporation

    J A Santos Ave Cor Batangas St No 2159

    Tondo

    Manila, Metro Manila 1014

    +63-2-6202360

    Open 9am to 4pm Monday to Friday

MoneyGram

  • Quezon City

    Bank of Commerce

    Am Assoc Bld 28 Quezon Avenue

    Quezon City, 0

    6327122560

    Open 9am to 3pm Monday to Friday

  • Banco De Oro

    Cedar Executive Building II 26 Timog Ave Cor Sct Tobias St

    Quezon City, 0

    6327026652

    Open 8:30am to 5:30pm Monday to Friday

  • Manila

    Bank of Commerce

    609 SALES ST.

    QUIAPO

    MANILA, 1001

    27338705

    Open 9am to 4pm Monday to Friday, 10am to 3pm Saturday

  • Banco De Oro

    No 116-120 C Palanca St Quiapo

    Manila, 1000

    6327337434

    Open 9am to 6pm Monday to Saturday

Tips for picking up cash in the Philippines

The Canadian Government recommend that travellers to the Philippines exercise a high degree of caution, so keep this in mind especially when picking up cash. If possible, take a friend with you for extra precaution and make sure to keep your money out of sight. Avoid questionable or dangerous areas and head straight back to your hotel to deposit the funds in a safe place. Do not use public transportation with lots of cash on you, instead ask your hotel to call you a trusted taxi driver.

Before sending cash to the Philippines from Canada, compare your options and consider which type of service provider best suits your needs. Sending cash overseas has never been faster or more affordable and there are plenty of options available.

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10 Responses

  1. Default Gravatar
    WilliamApril 6, 2016

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

  2. 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 ?

    • Staff
      ShirleyDecember 2, 2015Staff

      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??? **********

        • Staff
          ShirleyDecember 3, 2015Staff

          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

  3. 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?

    • Staff
      JodieJune 22, 2015Staff

      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

  4. Default Gravatar
    GabrielMay 8, 2015

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

    • Staff
      MarcMay 11, 2015Staff

      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.