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How to send money to the Philippines

Find simple, low-cost ways to move your money from overseas to the Pearl of the Orient.

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Fact checked

You don’t want transferring money to be costly or complex. Helping family members expand their business in Manila or supporting ecological preservation in Puerto Princesa can be a smooth process.

Whether you use bank transfers and online transactions or cash pick-ups, 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.

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.

Name Product Minimum Transfer Transfer Time Transfer Fee
WorldRemit
WorldRemit
PHP 1
1 - 2 days
USD 3.99
WorldRemit Philippines lets you use your debit, credit or pre-paid card to send instant mobile airtime top-ups.
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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 Select the payment option; if you aren’t using cash, provide your banking info so the funds can be withdrawn from your account.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 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 Philippine 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.
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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 WorldRemit offer affordable international transfers online.
  • Providers with cash pickup. MoneyGram and Western Union offer fast transfers to the Philippines.
  • PayPal. PayPal offers secure international transfers within the Philippines.
  • Checks and money orders. Although not a quick option, you could send an international check overseas, obtained from your bank or 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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