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How to send money to the Philippines

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Need to send money to the Philippines? Find a simple, affordable way move your money internationally.

If you need to get money to the Philippines, you don’t want the process to be costly and complex. Helping family members expand their business in Manila or supporting ecological preservation in Puerto Princesa shouldn’t be exhausting and expensive.

Whether you use bank transfers and online transactions or cash pickups, you’ll want to compare the transfer fees and exchange rates for all your options to make the choice that is best for your needs.

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Compare international money transfer services to the Philippines

Use our comparison calculator to assess transfer fees, exchange rates and other details for sending funds to the Philippines with a money transfer service.

I want to send

to

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
$0 3 - 5 days - - Transfer up to $500,000 with no minimums and no fees. Go to site Show details
USD 1,000 1 day USD 0.00 53.368 PHP 53,368 Exclusive offer: $0 transfer fee
No-limit transfers with competitive exchange rates for 100+ currencies.
Go to site Show details
USD 1 Within an hour USD 3.99 53.368 PHP 53,155 Use promo code FINDER to send your first transfer at no fee to 110+ countries for bank-to-bank deposit, cash pickup or mobile top-up. Go to site Show details
USD 1 3 - 5 days USD 10.00 53.853 PHP
53,314
Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks. Go to site Show details
USD 20 Same day USD 4.95 52.507 PHP 52,247 Send your first transfer for free with code NOFEEFINDER Go to site Show details

Compare up to 4 providers

How do international money transfers work?

An international money transfer allows you to send money to friends, family and businesses overseas. Generally, it involves you sending cash or money from your bank account to an intermediary transfer service or bank, which then exchanges and sends the money to your recipient in another country — in this case, the Philippines.

Depending on the provider, you can initiate a money transfer in person, online or by phone. Your cash or bank account transfer is then either deposited into your recipient’s bank account or made available as cash for pickup at a location in their country.

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Steps to send money to the Philippines

  1. Choose the money transfer provider from our comparison table that best serves your needs considering rates, fees and delivery speed.
  2. Create an account with the transfer provider; expect to provide your name, contact information and proof of identity.
  3. Select the payment option; if you aren’t using cash, provide your banking info so the funds can be withdrawn from your account.
  4. Complete your transaction and you should receive an email receipt or reference number to track your transfer and find out when the funds arrive.

Foreign exchange rates explained

An exchange rate determines how much one country’s currency is worth in another currency. When a country’s currency is strong, it yields more money when exchanging it in a country with a weak currency. The Philippine peso has historically been one of the weaker currencies in Asia. Economic stability, inflation and regional politics all impact the Philippine peso’s value.
Currency exchange rate for the Philippines

Tips when sending money to the Philippines

Banks versus money transfer companies

Many major US banks offer the option to send funds to the Philippines, but they typically charge high transfer fees and offer exchange rates that are significantly lower than the mid-market rate — or the rate banks and transfer providers use when trading among themselves.

A reputable money transfer specialist can often offer better exchange rates and also charge lower fees, saving you money and putting more Philippine pesos into your recipient’s pocket.

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How to compare transfer companies when sending money to the Philippines

  • Exchange rates. Nearly all providers skew exchange rates for a profit. Compare the rate you’re offered to the mid-market rate — the rate banks and transfer services use when they trade among themselves — and look for the smallest margin between them.
  • Transfer fees. Find out whether the provider charges a flat fee or a percentage of your transfer. If you’re sending a large amount, ask whether you qualify for a fee-free transfer.
  • Transfer speed. If it needs to be there fast, companies like Western Union and MoneyGram allow for quick cash pickups, often in minutes. If you’ve more time, you’ll get better rates and fees with an independent provider.
  • Transfer limits. Your best option might depend on how much you want to send. For large transfers, weigh the best exchange rate — especially since providers encourage large transfers by offering low fees. For smaller amounts, consider the fees you’ll pay on top of the exchange rate.
  • “Hedging” options. Ask whether you can schedule payments ahead of time or protect your transfer against market fluctuations with a limit order or forward contract
  • Delivery options. Can the cash be collected from a transfer agent, or will it be deposited into your recipient’s Philippines bank account?
  • Customer service. Most companies offer customer service by Internet chat, phone, in person or by email. Make sure help will be available if you need it.

How to set up a business entity in the Philippines

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Case study: Manny sends money to the Philippines

While Manny has forged a successful life for himself in Seattle, he maintains regular contact with his grandparents in his home city of Manila. Manny wants to send $1,000 to his grandparents to help pay for a well-deserved vacation, but he doesn’t want to lose a big chunk of his money on the weak exchange rate offered at his bank. He compares two popular money transfer companies to see if he can find a more affordable option.

Money transfer service A
Money transfer service B
Exchange rate1 USD = 45.265 PHP1 USD = 46.207 PHP
Transfer fee$5$4
Transfer methodBank account depositBank account deposit
Transfer speed
3–5 business days1 business day
Total pesos received
45,265 PHP46,207 PHP

It will take longer for his grandparents to receive the money with service A, and they’d receive nearly 950 pesos less than with service B. Manny’s grandparents will receive extra money and get it sooner because Manny shopped around for the best money transfer services.

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What are the ways that I can send money to the Philippines?

  • Bank transfers. Bank-to-bank transfers may cost more than other options, but they are a secure way to send money to the Philippines.
  • Money transfer providers. Companies like World First, OFX and WorldRemit offer affordable international transfers online.
Because World First is a trusted partner of finder.com, you can avoid fees on all qualifying transfers. Enjoy competitive exchange rates and pay $0 in fees by initiating an exclusive transfer through our site.
  • Providers with cash pickup. MoneyGram, Western Union and Ria offer fast transfers to the Philippines.
  • PayPal. PayPal offers secure international transfers from the US to the Philippines.
  • Checks and money orders. Although not a quick option, you could send an international check overseas, obtained from your bank or US Postal Service.
  • Making an emergency transfer to someone in the Philippines

You might need to send an emergency cash transfer to the Philippines — for example, if a friend traveling through the country loses their wallet. When you need to transfer funds urgently, your fastest possible transfer will often be your most expensive option. Carefully review the exchange rate and transfer fee against your needs so that you understand exactly how much it will cost you.

Tips for picking up cash in the Philippines

  • Check an agent’s location and hours of operation 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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Cash pickup locations in Philippines

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2 Responses

  1. Default Gravatar
    leeJuly 23, 2018

    is it possible to go into western union in cambodia ,vietnam ,thailand laos , and use my nationwide debit card to collect us dollars , ie 1000$ at a time or my maximum in £ ‘s to avoid 3% charges on my card ? i want to send it to my self

    • finder Customer Care
      JoshuaAugust 5, 2018Staff

      Hi Lee,

      Thanks for getting in touch with finder. I hope all is well with you. :)

      Yes, it is possible to send money to yourself when you are abroad. This is one of the ideas travelers think of to avoid fees. However, please note that there are fees that you should think about first and weigh your options. For example, WU might give a lower exchange rate compared to simply using an ATM abroad. Plus, it takes days before you get your money in WU.

      So, it is up to you to consider the pros and cons of your options. Moreover, you may also consider other money transfer service providers listed on this page.

      I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

      Have a wonderful day!

      Cheers,
      Joshua

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