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Find the best way to send money to the Philippines

Compare 8+ companies that can send money to the Philippines from Canada.

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)?

Don't head straight to your Canadian bank – compare specialist money transfer services instead. They nearly always offer better PHP 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 Money Transfers is among the cheapest, with competitive exchange rates and fees starting from $0. Need a really fast transfer? Xe Money Transfers can get money to your recipient in the Philippines within minutes.

Best ways to send money to the Philippines from Canada

The best way to send money to the Philippines depends on your payment method, how you want your money to be received and how fast you need it to arrive.
  • Bank transfer. Typically the cheapest option, bank transfers are an easy way to send money to the Philippines but are often slower than other methods.
  • Peer-to-peer (P2P) transfer. With this type of transfer, the transfer service matches people buying Canadian Dollars in one country with people who are selling it in another, potentially securing a more competitive exchange rate.
  • Mobile wallet. Essentially an electronic wallet service, mobile wallets allow users to store, send and receive eligible currencies using their phone, often with fees attached.
  • Prepaid phone credit. Specifically used to top up a recipient's prepaid mobile phone plan, prepaid phone credit is usually added instantly or within a few minutes.

Compare the best money transfer companies to send money to the Philippines

Use our table to compare the best money transfer companies to send money to the Philippines. You can compare deposit and receiving options, fees and transfer speeds, then click the "Go to site" button when you've found the best one to get your money to the Philippines.
1 - 9 of 9
Name Product Filter Values Fastest Transfer Speed Fees (Pay by Bank Transfer)
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.
Xe Business Transfers
Xe Business Transfers
Within minutes
$0
Xe Money Transfer can help your business unlock international transfers. Forward contract and limit order options available.
Remitly
Within an hour
$1.99
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) - Under 10k
24 hours
From 0.35%
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.
Xe Money Transfers
Within minutes
$0
Xe has fast transfers with low fees and a range of foreign currency tools.
Simplii Financial
Within minutes
$0
Up to $300 off your first Global Money Transfer with our code GMTEVENT depending on the amount you send. For cash pickups instead, earn $50 using code CASH. Limits and regulations apply.
Send money without fees and at competitive exchange rates to 130+ countries.
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.
Instarem
Within minutes
From $0
Instarem offers zero transfer fees on all transfers.
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Compare up to 4 providers

Cheapest way to send money to the Philippines

Bank transfers are typically the cheapest way to get your money to the Philippines. Xe Money Transfers and OFX have some of the lowest bank transfer fees of the brands we've compared.

When you're hunting down the cheapest ways to send money to the Philippines, it's more important to look at the overall cost of your transfer. This has a couple of elements:
  • Transfer fees. While still cheaper than your Canadian bank, some money transfer services charge either a fixed or percentage-based fee for making your transfer.
  • Exchange rates. Another way money transfer providers make money is to add a margin to the mid-market CAD/PHP exchange rate.

Some providers may charge the mid-market rate but add fees on top. Others may have very low fees but apply a markup on the exchange rate. This means it is important to compare exactly how many Philippine pesos your recipient will end up with.

Fastest way to send money to the Philippines

Many online providers can offer transfers to the Philippines within minutes, although you're likely to pay a premium for the convenience.

Here are some of the fastest average transfer speeds to the Philippines:
  • Xe Money Transfers — within minutes
  • Instarem — within minutes
  • Remitly — within an hour

Actual transfer times from Canada to the Philippines can depend on several different factors including transfer amount, payment method and currency.

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 regulator, the Financial Consumer Agency of Canada. 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 and similar platforms.

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 or Xe Money Transfers 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 Remitly and Xe Money Transfers can give you support over the phone.

How to send money to the Philippines from Canada

To send money to the Philippines, you'll need the necessary documentation, your recipient's details and a way to pay.

  1. Compare your options.
    Use our table to find a money transfer provider that sends funds to the Philippines. One may be better for cash pickups while another may suit a bank transfer. Once you've found the best one for your requirements, click "Go to site".
  2. Create an account.
    You'll need to give your name, address, contact details, proof of ID and method of payment.
  3. Provide your recipient's details.
    Enter your recipient's name and contact information. If you're sending straight to their Filipino bank account, you'll need the account number, SWIFT or IBAN plus their bank branch's address.
  4. 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.
  5. 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.

Example: Maria sends money to the Philippines

Maria is working in Canada as a doctor and she stays in regular contact with her elderly parents back home in the Philippines. Her parents need some funds to help pay off a mortgage, so Maria plans to send them $2,000 from Canada.

She decides to compare a bank and a money transfer specialist to see which one can save the most money on her transaction.

Bank Money transfer company
Exchange rate 1 CAD = 39.53 PHP 1 CAD = 40.05 PHP
Transfer fee $10 $2.50
Transfer method Bank account deposit Bank account deposit
Processing time 2 - 5 working days Next day
Amount received 78,662.78 PHP 80,004.53 PHP

The money transfer company enables Maria to send an extra ₱1,341.75, which is transferred straight to her parents' BDO Unibank Inc. account.

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 Filipino 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. Some companies 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 purpose. Whether your transfer is for personal or business reasons influences which provider you want to use. If it is a one-off personal transfer, then fast and cheap may be the way to go. But if you make recurring transfers or send large amounts, a business transfer specialist like Xe Business Transfers may be more economical.
  • Transfer limits. Find out how much you can send with each service. For example, Instarem has a transfer limit of $3,000 while Wise (TransferWise) - Under 10k allows transfers up to $1,500,000.
  • Customer support. If you're sending larger amounts or looking for some guidance, it's important to choose a provider you can contact by phone like Remitly.
  • 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

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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 Customer Care
      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??? **********

          Avatarfinder Customer Care
          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

    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 Customer Care
      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

    Default Gravatar
    GabrielMay 8, 2015

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

      Avatarfinder Customer Care
      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.

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