Send Money to the Philippines Cheaply

Information verified correct on December 5th, 2016

Find a simple, secure and affordable way to send an Philippineinternational money transfer to the Philippines.

The population of Filipino Americans in the United States currently stands at more than 3.4 million, so there are plenty of reasons why you may be looking to send money to the Philippines from the USA. Whether you’re paying off a debt, transferring funds to help friends or family, or sending money for any other reason, there are plenty of options at your disposal. You just need to compare the services of money transfer companies to find the one that offers the best value for money.

Compare International Money Transfers

Rates last updated December 5th, 2016
Min. Transfer Amount Transfer Speed Services Online Transfer Fee Rate Amount Received
WorldRemit International Money Transfers
An online money transfer service ... with cash pickup, bank account to bank account and airtime transfers available.
USD 1 Within an hour
OnlineCash Transfer
Rates are always
changing, click to check
your price today
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World First Foreign Exchange
Transfer money into a range ... of currencies online and over the phone.
USD 500 2 days
OnlinePhone
Rates are always
changing, click to check
your price today
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Transferwise International Money Transfers
Make online transfers in a ... range of currencies and enjoy high maximum transfer amounts.
USD 1 1 day
Online
Rates are always
changing, click to check
your price today
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HiFX International Money Transfers
Transfer money between 20 currencies ... and enjoy scheduled regular transfers. No fee for transfers over US $5,000.
USD 100 2 days
OnlinePhoneAgent
Rates are always
changing, click to check
your price today
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Travelex International Money Transfers
Get your foreign currency delivered ... to your home or pick up at a store.
USD 500 2 days
Online
Rates are always
changing, click to check
your price today
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Currencies Direct International Money Transfers
$0 online transfer fee that ... you can access 24/7.
USD 100 2 days
OnlinePhone
Rates are always
changing, click to check
your price today
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USForex International Money Transfers
Take advantage of competitive exchange ... rates and cheap transfer fees.
USD 150 1 day
OnlinePhoneAgentInternational Money Order...
Rates are always
changing, click to check
your price today
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MoneyGram International Money Transfers
Send money anywhere, from anywhere.
USD 1 Same day
OnlinePhoneAgent
Rates are always
changing, click to check
your price today
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TorFX International Money Transfers
TorFX guarantee to beat any ... competitor's exchange rate for a transaction. Conditions apply
USD 100 1 day
OnlinePhoneAgent
Rates are always
changing, click to check
your price today
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Western Union Money Transfers
Send money online to friends ... and family around the world with Western Union.
USD 1 Same day
OnlinePhoneAgent
Rates are always
changing, click to check
your price today
Go to site More

Have we missed anything in the comparison table? Tell us

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Banks versus money transfer companies

If you want to send an international money transfer to the Philippines you could use your bank, but you’d need to be willing to accept the fact that you wouldn’t get a great deal. Banks charge high fees for international transfers and also offer low exchange rates, so you and your beneficiary will both take a hit in the hip pocket if you send the funds via your bank.

However, if you use a specialist money transfer company you can usually find much better value for money. These companies are authorities when it comes to moving money internationally, with some based purely online and others offering cash pickup locations around the world. They also offer far superior exchange rates and lower fees than any bank, meaning more money stays in your pocket and more money arrives in your recipient’s wallet.

Case Study: Manny Sends Money to the Philippines

While Manny has forged a successful life for himself in Seattle, he still maintains regular contact with his beloved grandparents in his home city of Manila. Manny wants to send $1,000 to his grandparents to help pay for a holiday they’re planning, but he doesn’t want to lose a big chunk of his money by taking the low exchange rate on offer from his bank. He decides to compare two popular money transfer companies to see if he can find a more affordable option.

Money transfer company 1Money transfer company 2
Exchange rate1 USD = 45.265 PHP1 USD = 46.207 PHP
Transfer fee$5$4
Transfer methodBank account depositBank account deposit
Processing time3-5 business days1 business day
Amount received (in PHP)45,265 PHP46,207 PHP

As you can see, Manny can send almost 1,000 extra Pesos if he uses the second transfer company.

How to compare transfer companies when transferring money to the Philippines

  • Exchange rates. How does the company’s exchange rate compare to those offered by other providers? If it’s regularly higher, check to see whether it also comes with high fees attached.
  • Fees. How much will you need to pay to send a transfer and is there a fee-free threshold for large transfers?
  • Transfer methods. Can you place transfers online, over the phone, by visiting a branch or by using a mobile app?
  • Transfer options. Can you place forward contracts or limit orders to take advantage of changing market conditions? Can you save time by scheduling future payments?
  • Turnaround time. How long will it take for your beneficiary to receive the money?
  • Minimum amount. Is there a minimum transfer limit that you may struggle to meet? Also check whether a maximum limit applies.
  • Pickup methods. Can the cash be collected from a transfer agent or will it be deposited into your recipient’s Philippines bank account?
  • Customer service. Are phone, email and/or online support offered? During what hours.
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How to send money to the Philippines from America

  • Bank transfers. Ask your bank about how much it will cost to send an overseas transfer.
  • Online money transfer providers. Companies like USForex and WorldRemit offer affordable international transfers.
  • Money transfer companies with cash pickup options. MoneyGram, Western Union and Ria offer fast transfers to the Philippines.
  • PayPal. PayPal offers secure international transfers to the Philippines.
  • Checks. International checks can be obtained from your bank and then mailed overseas.
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Emergency cash transfers in the Philippines

If you find yourself in a situation where you need to get cash to the Philippines as soon as possible, the good news is that you won’t have trouble finding a company who can make funds available for your recipient to collect within minutes. The bad news is that you should expect to pay extra for such a transaction thanks to higher transfer fees and less-than-perfect exchange rates. With this in mind, it’s critical that you always take a few extra moments to read all the fine print and make sure you’re completely aware of the full cost of your transfer.

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Cash pickup locations in the Philippines / Western Union / MoneyGram / Ria branches in the Philippines

Ria, MoneyGram and Western Union all offer a host of cash pickup locations throughout the Philippines. When your beneficiary goes to collect the funds they will need to take along photo ID and a transaction reference number, and it’s also recommended to contact an agent ahead of time to confirm opening hours. Some popular transfer agent locations are listed below.

Western Union

Manila

Aguirre Pawnshop

Prime Block Podium Level

Tutuban Center

Manila, Metro Manila 1013

+63-2-6202360

Open 9am to 6pm seven days

China Bank

Elcano

Grd F Elcano Tower San Nicolas

Manila, Metro Manila 1000

+63-2-6202360

Open 9am to 4pm Monday to Friday

Cebu

Aspac Rural Bank

South Expressway Cor Leon Kilat St

Elizabeth Mall

Cebu, Cebu 6000

+63-32-4177600

Open 8:30am to 4pm Monday to Friday

China Bank

Unit 3 & 5 Escario Central, Escario Road

Barangay Poblacion

Cebu City, Cebu 6000

+63-32-5209229

Open 9am to 4pm seven days

MoneyGram

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

132 Carlos Palanca St, Quiapo

Manila, 1000

6327026652

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

Cebu

RCBC Savings

Barrio Sambag

Cebu City, 0

63322556182

Open 9am to 3pm Monday to Friday

RCBC

M Velez St

Cebu City, 0

63322555353

Open 9am to 3pm Monday to Friday

Ria

Manila

Metropolitan Bank & Trust Company (Adriatico)

Rothman Inn Hotel Bldg., 1633 Adriatico St., , Mal

Manila NCR

Open 9am to 3pm Monday to Friday

China Banking Corporation (Arranque)

Don Felipe Building 675 Thomas Mapua Street

Manila NCR

Open 9am to 4pm Monday to Friday

Cebu

Mlhuillier (Apm Mall)

A. Soriano Avenue, Cebu City

Cebu CEB

Open 7am to 7pm Monday to Friday

Bank of Philippine Islands (Ayala Center Cebu)

South Entrance Lower Ground Floor

Cebu City CEB

Open 9am to 5pm Monday to Friday

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Tips for picking up cash in the Philippines

  • Check an agent’s location and opening hours before visiting
  • Avoid visiting any unsafe areas
  • Don’t wave your cash around in public and make yourself a target for thieves
  • Don’t carry large sums of money around for any longer than is necessary
  • Deposit the money into your bank account as soon as possible
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How to send money to the Philippines

The first step in the transfer process is to provide a little information about yourself, such as your name, address and contact information. Photo ID will also often be required, plus you’ll need to supply your beneficiary’s name, address and contact info.

The next step is to outline all the details of your transfer: the amount you’re sending, your desired currency and where you want the money to go. You can then pay for your transaction and make sure to keep hold of any tracking number you receive.

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US International Money Transfers Offers

Learn about our information service
WorldRemit International Money Transfers

An online money transfer service with cash pickup, bank account to bank account and airtime transfers available.

USForex International Money Transfers

Take advantage of competitive exchange rates and cheap transfer fees.

World First Foreign Exchange

Transfer money into a range of currencies online and over the phone.

Transferwise International Money Transfers

Make online transfers in a range of currencies and enjoy high maximum transfer amounts.

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