How to Send Money to the Philippines from the US

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Looking for the best way to send money from the United States to family, friends or businesses in Philippines (or even to your own overseas bank account)?

Don’t head straight to your American bank – compare specialist money transfer services instead. They nearly always offer better PHP exchange rates and lower fees, so for the same amount of US dollars you send, your recipient will receive more Philippine pesos.

Best ways to send money to Philippines from the US

The best way to send money to Philippines depends on your payment method, how you want your money to be received and how fast you need it to arrive.

• Online money transfer provider. When buying US dollars or Philippine pesos, money transfer specialists typically offer better rates and cheaper fees than a local bank.
• Bank transfer. Bank transfers are an easy way to send money to Philippines, but they charge extra for the convenience and are often slower than other methods. US banks generally add a 3% to 6% markup onto exchange rates.
• Cash pickup. If you need your money to arrive fast, cash pickup gives your recipient instant access to the money you’ve sent when they collect it from their agent location in Philippines.
• 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.
• Home delivery. If your recipient may struggle to get to a cash pickup location, you may be able to opt for door-to-door cash delivery.

Compare the best money transfer companies

Use our table to compare the best money transfer companies. You can compare deposit and receiving options, fees and transfer speeds.

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Fastest Transfer Speed	Fees (Pay by Bank Transfer)
OFX	24 hours	$0	OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.	Go to site More info	loading
Instarem	24 hours	From 0%	New Instarem customers will get a special FX rate and zero-fees on their first transfer. Instarem offers offers rewards on every transaction.	Go to site More info	loading
Wise (TransferWise)	Within minutes	From 0.41%	Wise uses the mid-market rate and transparent fees to help you send money in 50+ currencies.	Go to site More info	loading
PayPal	Within minutes	From $0	Use PayPal to safely send money and receive payments from around the world in over 25 currencies with just an email address or mobile number. Try 3 months free of Spotify Premium when you sign up with PayPal.	Go to site More info	loading
MoneyGram	Within minutes	From $0	MoneyGram has fast cash pick-up transfers to more than 350,000 agent locations worldwide.	Go to site More info	loading

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Cheapest way to send money to Philippines

Bank transfers are typically the cheapest way to get your money to Philippines. When you’re hunting down the cheapest ways to send money to 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 American 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 USD/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 Philippines

Many online providers can offer transfers to Philippines within minutes, although you’re likely to pay a premium for the convenience. Here are some of the fastest average transfer speeds to Philippines:

• Wise: within minutes
• MoneyGram: within minutes
• Remitly: within minutes

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

Safest way to send money to Philippines

The safest way to get your money to Philippines is to use a provider registered with the United States’s industry regulator, the Consumer Financial Protection Bureau. All the companies we’ve compared in our table are overseen by a local regulator and comply with the relevant laws and regulations in both the United States and 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.

How to send money to Philippines from the US

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

1. Create an account. You’ll need to give your name, address, contact details, proof of ID and method of payment.
2. Provide your recipient’s details. Enter your recipient’s name and contact information. If you’re sending straight to their bank account, you’ll need the account number, SWIFT or IBAN plus their bank branch’s address.
3. Enter your transfer amount. Make sure 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.
4. Complete your transfer. Send your money transfer to Philippines. Keep your transaction reference number safe so you can track your transfer. Your recipient may need it, too.

How to choose the best money transfer companies to send money to Philippines

When choosing a money transfer provider to send money from the United States to 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 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 Philippinesan bank account or is cash or cell phone top-up a better option? Each transfer type has 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. Companies such as Western Union 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 Philippines faster and cheaper than banks.
• Transfer limits. Find out how much you can send with each service. For example, Remitly has a transfer limit of $2,999 while Western Union allows transfers up to $50,000.
• 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

• How can I pay for my transfer to Philippines?

  There are multiple ways to pay for your money transfer to Philippines. The most common payment methods include bank transfer, credit card and debit card. How you pay can influence how quickly your Philippine pesos arrive and the total cost of your transfer, so consider both when deciding.

• What details do I need to send money to Philippines?

  • Photo identification: Most providers require a driver's license, passport or other American government-issued ID.
  • A way to pay: Your options depend on the provider's services. Popular methods include cash, debit or credit card and bank account transfers.
  • Recipient information: You'll need their name (matching their ID) plus contact details. If sending to a Philippinesan bank account, you'll need their account number, SWIFT and branch details.

• What is required to receive money in Philippines?

  • Transfer number: The reference number – sometimes called a PIN, MTCN or tracking number.
  • Government-issued ID: An official ID, such as a passport or driver's license.
  • The transfer amount: To know how much has been sent, usually to within 10% of the total.
  • Sender information: The sender's name and address and the transfer's country of origin.

• How much money can I send online to Philippines?

  This depends on your chosen provider, as each will have a sending limit. For example, services such as HSBC Global Money and MoneyGram allow you to transfer as little as 0, while others will have a significantly higher minimum threshold. Remember that some providers will have maximum transfer amounts as well, either as a result of American tax policies or because their service is more limited. If you need to send a large transfer, look for a provider with higher or no sending limits to Philippines.

• How long will it take for my money to arrive in Philippines?

  The turnaround time for a money transfer to Philippines depends on the provider and how you pay for the transfer. Expect your transfer to arrive within minutes if you pay using cash or with a debit or credit card. Paying by bank transfer can take longer – usually 2–5 days.

• Can I send money to Philippines without a bank account?

  Yes, you can still send a money transfer if neither you nor your recipient in Philippines has a bank account. Look at cash transfer providers such as MoneyGram, where you can pay with cash, and your recipient can collect it as cash or as a mobile phone reload on the other end.