Send money to the Philippines cheaply

Information verified correct on April 27th, 2017

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

When you need to get money overseas, the last thing you want to deal with is navigating a potentially complicated and expensive process. Maybe your family in Manila needs help or you’re expanding your business into Cebu City — personal or business, sending money from the US to the Philippines doesn’t need to be expensive.

From bank transfers and online transactions to cash pickups within minutes, you’ll want to compare the transfer fees and exchange rates of the many options available to you to get the best deal.

Compare international money transfers

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

Rates last updated April 27th, 2017

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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.

With over 17 years of foreign exchange expertise and over $100 billion transferred, OFX can help with all your currency exchange needs, including:

  • Buying property abroad
  • Emigrating
  • Regular overseas payments
  • Risk management
  • Forecasting

Min. Transfer Amount Transfer Speed Services Online Transfer Fee Rate Amount Received
Wyre International Money Transfers
No transfer fees for finder... No transfer fees for finder.com readers. Make transfers with Bitcoin.
OnlinePhone
Rates are always
changing, click to check
your price today
Go to site More
World First Foreign Exchange
Exclusive offer: $0 transfer fee ... Exclusive offer: $0 transfer fee
No-limit transfers with competitive exchange rates for more than 100 currencies.
USD 1,000 1 day
Online
Rates are always
changing, click to check
your price today
Go to site More
WorldRemit International Money Transfers
Use promo code FREE to ... Use promo code FREE to send your first transfer for no fee, to over 110 countries for bank-to-bank deposit, cash pickup or mobile top-up.
USD 1 Within an hour
OnlineCash Transfer
Rates are always
changing, click to check
your price today
Go to site More
TransferWise International Money Transfers
Enjoy high maximum transfers into ... Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks.
USD 1 1 day
Online
Rates are always
changing, click to check
your price today
Go to site More
OFX International Money Transfers
Send safe... Send safe, no-limit transfers with no fees and competitive exchange rates.
USD 150 1 day
Online
Rates are always
changing, click to check
your price today
Go to site More
HiFX International Money Transfers
Transfer money into 20 currencies ... Transfer money into 20 currencies and schedule regular payments. $5 fee waived for transfers over $5,000.
USD 100 2 days
Online
Rates are always
changing, click to check
your price today
Go to site More
TorFX International Money Transfers
No hidden fees and a ... No hidden fees and a best rate guarantee for 60 global currencies.
USD 150 1 day
OnlinePhoneAgent
Rates are always
changing, click to check
your price today
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Wells Fargo Bank
While more expensive than other ... While more expensive than other options, securely send money to 13 Latin American and Asian countries.
USD 1 1 day
Online
Rates are always
changing, click to check
your price today
More

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  • If the provider quotes a different rate to the one above please let us know
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Sending money to the Philippines

How to send money to the Philippines

in 3 easy steps
    1. Locating a service icon

      Find a service

      Select a money transfer specialist that works for you from our comparison table.

    1. Send money icon

      Initiate the transfer

      Complete the required information with the service and provide the funds.

    1. Money arrives icon

      Receive the money

      Your recipient receives their money in their bank account or picks it up as cash.

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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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Sending money to the Philippines

When sending money overseas, you’ll usually need to create a free account with a money transfer provider. The process varies by company but generally requires you to provide your name, contact information and proof of identity. If you’re not paying for your transaction with cash, you’ll also provide your banking info in order to have the funds withdrawn from your account.

Once you’ve selected a payment option and entered the full details of your transfer, you make your transaction and wait for the funds to arrive. You’ll most likely receive a reference number or receipt that you can use to track the progress of your transfer.

Laws and legal documents when transferring large sums of money into the Philippines

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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. Most countries’ exchange rates are flexible, which means they can change from moment to moment. Factors that influence the exchange rate include interest rates, economic stability and inflation.
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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 ratesNearly 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 compare 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

While it will take longer for his grandparents to receive the money with service A, they’d receive nearly 950 pesos more than with service B. For Manny, the extra money by waiting a few days is worth it to Manny.

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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.
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  • Emergency cash transfers to 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.
Find a money transfer location near you

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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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US International Money Transfers Offers

Learn about our information service
HiFX International Money Transfers

Transfer money into 20 currencies and schedule regular payments. $5 fee waived for transfers over $5,000.

WorldRemit International Money Transfers

Use promo code FREE to send your first transfer for no fee, to over 110 countries for bank-to-bank deposit, cash pickup or mobile top-up.

World First Foreign Exchange

Exclusive offer: $0 transfer fee
No-limit transfers with competitive exchange rates for more than 100 currencies.

TransferWise International Money Transfers

Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks.

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