Are You Looking for Better, More Cost-effective Ways to Send Money Between the Philippines and New Zealand?

shutterstock_43770604Compare international money transfer services offer lower fees and better exchange rates than their banking counterparts.

More than any other expat community, the Filipino population in New Zealand has shown exponential growth since the 2001. This is mainly thanks to New Zealand’s demand for more skilled medical and engineering professionals from the Philippines.

In 2007, the Philippines government and the Counties Manukau District Health Board reached an agreement where nurses would be recruited directly instead of through agencies exposed for exploiting young nurses working overseas.

Rates last updated October 22nd, 2017
Description Min. Transfer Amount Transfer Speed Services Online Transfer Fee Rate Amount Received
TorFX International Money Transfers
TorFX International Money Transfers
TorFX guarantee to beat any competitor's exchange rate for a transaction
Conditions apply
NZD 200 1 day Online, Phone, Agent Go to site More
Exclusive: CurrencyFair International Money Transfers
Exclusive: CurrencyFair International Money Transfers
Exclusive offer: 3 Free transfers (after your first transfer)
A peer-to-peer transfer service with a large range of currencies on offer.
NZD 5 2 days Online Go to site More
Currency Online International Money Transfers
Currency Online International Money Transfers
Is committed to save money whenever you make a purchase or sale involving foreign currency. Highly competitive exchange rates and low or zero fees. NZD 0 2 days Online, Phone Go to site More
Currencies Direct International Money Transfers
Currencies Direct International Money Transfers
$0 online transfer fee that you can access 24/7. NZD 100 2 days Online, Phone Go to site More
Currency Solutions International Money Transfers
Currency Solutions International Money Transfers
Send money overseas for a range of reasons, including regular payments and buying overseas property. 97% Trustpilot score. NZD 3,000 2 days Online, Phone, Bank Account to Bank Account Go to site More

Today, over 40,000 Filipino-New Zealanders live in and around Auckland, Canterbury and Wellington. There is an extensive network of Filipino cultural and traditional organisation, clubs and societies across New Zealand. Thanks to the increasing numbers of Filipinos settling in New Zealand, there’s been a significant boost in trade between the two countries.

Sam Sends Money to Philippines

Soleil has just set up a graphic-design business with a branch in her home town of Cebu. She employs three young women in the Cebu office, so she’s looking out for cheaper ways to deposit their salaries into their bank accounts. Wary of banks and their high transfer fees, she started investigating alternative transfer methods.

Money transfer service Bank
Exchange rate$1 = 31PHP$1 = 32PHP
Transfer fee$0$18
Amount received for $50015,412PHP16,189PHP
Transfer delay1 to 3 business days2 business days
Transfer optionsBank transfer, cash depositOnline, phone banking, international draft

How do I compare transfer companies when transferring and receiving money via the Philippines?

Here are a few factors to consider when comparing ways to send money to the Philippines.

  • Exchange rates. A competitive exchange rate means more money for your recipient. Money transfer companies deal in large amounts of currency at a time, which means that they pass on the savings to the customers with better exchange rates.
  • Pick-up methods. Check with your recipient to see which pick-up method would suit them best. Usually you can choose between a direct deposit and instant delivery to be collected in person.
  • Fees. Make sure that you aren’t being charged exorbitant amounts in service or conversion fees.
  • Bank to bank transfers. If your recipient has a bank account with the same bank, you can effect a same-bank transfer, usually for no fee.
  • Turnaround time. Depending on how urgently your recipient needs the money, choose between services that offer instantaneous delivery (Western Union, for example) or those that make money available within one to three working days.
  • Transfer methods. The quickest way to send money is usually via online transfer, but you can also choose international drafts or cheques.
  • Transfer options. Besides just once-off transfers, you can also choose to set up regular scheduled payments, forwards contracts and market orders.
  • Minimum transfer amounts. While most companies have a ceiling amount you can send, be aware of a service’s minimum sending amount, which is usually between $10 and $50.
  • Customer service. The money transfer service must have a reliable and efficient customer service. Insist on a tracking number to use as a reference when making enquiries about your transaction.
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How do I send money to the Philippines from New Zealand?

If you need to send a transfer to a recipient in the Philippines, here are a few options to consider.

  • Worldremit. This transfer service allows you to receive a transfer in the Philippines within 10 minutes of the transaction being effected. Cash pick-ups can be collected at certain banks and pawn shops.
  • Western Union. Your recipient can collect the deposit at a Western Union agent or withdraw it from his or her bank account. Instant delivery implies a higher fee than that of a direct bank deposit.
  • Banks. Sending money between banks usually means higher fees, but in some cases, the transfer will be effected without a fee if your recipient has a bank account within the same bank.
  • Exchange4Free. This services facilitates bank-to-bank transfers for zero fees charged irrespective of the amount. You can effect a transfer online or by phone.

How do I receive money from the Philippines in New Zealand?

If you need to send home to New Zealand, these money-sending services will facilitate the transfer.

  • Paypal. One of the most recognisable and reliable money transfer services, Paypal facilitates instantaneous transfers between Paypal accounts and to bank accounts. Exchange rates aren’t the most competitive on the market, but the service is safe and reliable.
  • Western Union. You can effect a transfer online or in person at one of the Western Union agencies. Money can be deposited into an account or collected at a pick-up point.
  • Banks. International banks like HSBC and ANZ have branches in the Philippines and New Zealand, which means you can make a same-bank – even same-currency – transfers. Check fees and turnaround time to see whether it’s a better option than going through a specialist transfer service.
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Emergency cash transfers in the Philippines

If you find yourself in an emergency while in the Philippines, there are a few ways to have money sent to where you are.

  • Pick-up options. Transfer companies like Western Union and MoneyGram have pick-up points from which you can collect your deposit. Money is usually available within minutes of the transaction.
  • Online transfers. These money transfer companies facilitate quick transfers between bank accounts, usually within one to three business days.

Travel insurance. Your travel insurance policy will cover you for loss and theft while on holiday. Get in touch with your insurer, but make sure you’re eligible for cover before submitting a claim.

Western Union


  • Western Union
    E Business Services Inc.
    Espana Boulevard 112 Corp Campa Street
    Manila 1008
    Open Monday to Friday 8:30am to 5:30pm
    Saturday 8:30am to 5:30pm
  • Bank One Savings and Trust
    320 Nueva Street Binondo
    Manila 1006
    Open Monday to Friday 9am to 3pm


  • Western Union
    China Banking Corporation
    Magallanes Street Cor Jakosalem Street
    Cebu 6000
    Open Monday to Friday 9am to 4pm
  • Prime Asia Pawn and Jewelry
    Villa Leyson Subdivision
    Cebu 6000
    Open Monday to Sunday 7am to 7pm



  • Cebuana Lhuillier
    483 Quezon Boulevard BRGY 307 Zone,30 Quiapo
    Manila 1001
    Open Monday to Saturday 8:30am to 5:30pm
  • Banco de Oro
    No. 116-120 C Palanca St Quiapo
    Manila 1000
    Open Monday to Saturday 9:30am to 6:30pm


  • Metrobank Cebu Business Park
    Corner Mindanao and Cardinal Rosales Aven
    Cebu 6000
    Open Monday to Friday 9am to 6pm
  • LBC Escario
    M.R. Conception BLDG .100 Escario Street
    Cebu 6000
    Open Monday to Friday 7am to 7pm
    Saturday and Sunday 8am to 5pm
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Tips for picking up cash in the Philippines

The Department of Foreign Affairs and Trade advises a normal degree of caution while in Croatia. While crime is relatively low, you should still be vigilant while travelling, especially if you’re collecting money from a pick-up point. Be sure to get there during opening hours and try to take someone along.

What are the steps to send money to the Philippines?

Most online services require that you open an account before effecting a transfer. The process is quick and simple, and will only require a few personal and banking details, including:

  • Your contact details, including an email address
  • Bank account information
  • Your recipient’s personal and bank account information

Once the transfer has been completed, you’ll receive a tracking number to use as a reference when making inquiries about your transaction.

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