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How to send money to the Philippines

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.

World First Foreign Exchange

World First International Money Transfers

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  • Enjoy competitive exchange rates.
  • Get even better exchange rates with forward contracts and limit orders.
  • Receive weekly updates on market exchange rates.

    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.

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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 Online Transfer Fee Rate Services Amount Received Description CTA Details
    USD 1,000 1 day USD 0.00 50.792 Online, Phone, Bank Account to Bank Account PHP 253,958 Exclusive offer: $0 transfer fee
    No-limit transfers with competitive exchange rates for 100+ currencies.
    Go to site Show details
    USD 1 3 - 5 days USD 50.00 50.970 Online PHP
    252,302
    Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks. Go to site Show details
    1 day USD 0.00 50.766 Online, Phone, Bank Account to Bank Account PHP 253,831 Send safe, no-limit transfers with no fees and competitive exchange rates. Go to site Show details
    USD 0 1 - 2 days USD 0.00 50.46 Online, Phone PHP 252,302 $0 transfer fees with rates at never more than a 2% markup. Go to site Show details
    Do you send money often? Track this rate with tailored alerts direct to your inbox

    Compare up to 4 providers

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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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    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.
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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. 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
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    Tips when sending money to the Philippines

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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 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 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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    • 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

    Worldremit

    CEBUANA LHULLIER
    Address: 162 A. Arnaiz Ave. Cor. Hidalgo St., 66 Zone 8, Pasay, 1300 Metro Manila
    Hours: 8:00 AM – 5:00 PM
    Phone: +63-2-892 1683

    M LHULLIER
    Address: 102, Zen Towers, 1111 Natividad Lopez St, 654 Ermita, Manila, 1000 Metro Manila
    Hours: 8:00 AM – 5:00 PM
    Phone: +63-2-559 9039

    M. LHULLIER KWARTA PADALA
    Address: Central Building , P. A. Bernardo, San Martin De Pores , 1111 Quezon City , Metro Manila
    Hours: 8:00 AM – 5:00 PM
    Phone: +63-2-376 6386

    Moneygram

    BANCO DE ORO – #467 – SALES ST – RAON
    Address: 545 Sales St. Cor. G Puyat St (Raon) 1016 Sta Cruz Manila
    Hours: 8:30 AM – 5:30 PM
    Phone: +63-2-716 7331

    BANK OF COMMERCE
    Address: Victoria Bldg UN Avenue Manila
    Hours: 9:00 AM – 4:00 PM
    Phone: +63-2-526 0222

    CEBUANA LHUILLIER
    Address: 624 P Paterno St Quiapo Manila Metro Manila, 1000
    Hours: 8:00 AM – 5:00 PM
    Phone: +63-2-899 6208

    Western Union

    PETNET-RIZAL AVENUE EXT.
    Address: Rizal Avenue Exit Grace Park 1695 Barangay 072 District 2 Kaloocan, National Capital Region 1400
    Hours: 9:00 AM – 6:00 PM
    Phone: +63-2-962 4203

    USSC SERVICE STORE – TIMES PLA
    Address: Un Ave Cor Gen Luna St Gf Times Manila, National Capital Region 1000
    Hours:
    8:00 AM – 7:00 PM
    Phone:
    +63-2-525 8887

    USSC SERVICE STORE SHAW CENTER
    Address: 360 Shaw Blvd Addition Hills Unit 330 Shaw Center Mall Mandaluyong, National Capital Region 1552
    Hours: 9:00 AM – 9:00 PM
    Phone: +63-2-654 9725

    Worldremit

    CEBUANA LHULLIER PERA PADALA
    Address: Ayala Center Cebu, 176 Archbishop Reyes Ave. Cebu Business Park, Cebu City, 6000 Cebu
    Hours: 9:00 AM – 5:00 PM
    Phone: +63-32-231 5342

    M. LHULLIER PAWNSHOP
    Address: V Rama Ave, Cebu City, Cebu
    Hours: 9:00 AM – 5:00 PM
    Phone: +63-32-253 2544

    BANCO DE ORO
    Address: N Escario St, Cebu City, Cebu
    Hours: 9:00 AM – 5:30 PM
    Phone: +63-32-254 0482

    Moneygram

    CEBUANA LHUILLIER – #61044 – Barrio Luz
    Address: Arch. Reyes St. Brgy. Barrio Luz Cabantan Cebu City, 6000
    Hours: 8:00 AM – 8:00 PM
    Phone: +63-32-899 6208

    CEBUANA LHUILLIER – #60954 – BANAWA
    Address: Unit II-1A & 1B R. Duterte Street Banawa Cebu, 6000
    Hours: 8:30 AM – 5:30 PM
    Phone: +63-32-899 6208

    CEBUANA LHUILLIER
    Address: Eastern Poblacion Pror Camotes Camotes Island Cebu Poro CAamotes Cebu, 6000
    Hours: 7:30 AM – 6:30 PM
    Phone: +63-32-899 6208

    Western Union

    CEBU GOLD PACIFIC PAWNSHOP
    Address: S Duterte Street Poblacion Danao, Cebu 6004
    Hours: 8:00 AM – 6:00 PM
    Phone: +63-32-512 2542

    PETNET-BALAMBAN
    Address: Sta Cruz Poblacion 774 Balamban Balamban, Cebu 6041
    Hours: 8:00 AM – 6:00 PM
    Phone: +63-32-233 1514

    USSC SERVICE STORE DANAO GAISA
    Address: Gaisano Danao Ground Floor Danao, Cebu 6004
    Hours: 9:00 AM – 8:00 PM
    Phone: +63-32-449 2973

    Worldremit

    M LHULLIER
    Address: 176 San Pedro St, Poblacion District, Davao City, 8000 Davao del Sur
    Hours: 9:00AM – 5:00 PM
    Phone: +63-82-222 3964

    CEBUANA LHUILLIER
    Address: J.P. Laurel Avenue, Davao City, 8000, Davao del Sur
    Hours: 9:00 AM – 5:00 PM
    Phone: +63-82-222 0949

    BANCO DE ORO
    Address: 383 Claro M. Recto St, Claro M. Recto Ave, Poblacion District, Davao City, Davao del Sur
    Hours: 9:00 AM – 5:00 PM
    Phone: +63-82-221 0671

    Moneygram

    CEBUANA LHUILLIER – CLH PIAPI
    Address: 117 B Osmena Blvd Piapi Davao City, 8000
    Hours: 8:30 AM – 7:30 PM
    Phone: +63-82-779 9800

    PALAWAN PAWNSHOP – MALITA
    Address: Brgy Polacion Malita Davao Occidental, 8012
    Hours: 8:00 AM – 5:30 PM
    Phone: +63-82-434 8596

    METROBANK – #667 – DAVAO-DOCTOS
    Address: Davao Doctors Medical Tower Quirino Avenue Davao City, 8000
    Hours: 9:00 AM – 4:30 PM
    Phone: +63-82-224 4347

    Western Union

    DE LEON PAWNSHOP
    Address: Rizal Avenue Zone 2 Digos, Davao Del Sur 8002
    Hours: 8:00 AM – 6:00 PM
    Phone: +63-82-553 7452

    PETNET INC
    Address: Rizal Avenue Ground Floor 2109 Digos, Davao Del Sur 8002
    Hours: 8:00 AM – 4:30 PM
    Phone: +63-82-2721240

    RURAL BANK OF DIGOS
    Address: Rizal Avenue Digos, Davao Del Sur 8002
    Hours: 9:00 AM – 5:00 PM
    Phone: +63-82-5532691

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