GoBear is now part of Finder

Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.

Alternatives to Western Union

Need a cheaper alternative for sending cash transfers?

Western Union has more than 8,400 locations and a convenient cash pickup option all over the Philippines, but high fees and unfavorable exchange rates mean you may be better off using a different money transfer company.

Around for more than 160 years, Western Union is one of the oldest and most recognizable names in money transfers. Available in 200 countries and territories across the globe and with more than 500,000 agent locations worldwide, money pickups are easy and accessible.

Pros

  • Low minimum transfer of 1
  • Send money in minutes
  • Transfer to a wide range of countries
  • Cash pickup

Cons

  • Can be more expensive than other transfer companies
  • High fees can eat into your money transfer, leaving your recipient with less
Alternative sites like Western Union

moneygram logo

1. MoneyGram

The second-largest international money transfer service in the world, MoneyGram is a big contender for money transfer. Its services transfer and exchange currencies in over 200 countries and territories around the world to more than 350,000 agent locations worldwide.

Pros

  • Extensive global network of 350,000 agent locations
  • Large pool of services available for sending, receiving or financing
  • Secure and reliable
  • Fast transfers, with same-day service in many locations

Cons

  • Online transfers still not available in the Philippines
  • Maximum online transfer amount of USD$6,000
  • Fees vary depending on payment type and transfer destination
  • Local exchange rates vary by transfer destination

WorldRemit Logo

2. WorldRemit

WorldRemit provides a variety of transfer options in more than 120 countries worldwide, including online, bank-to-bank and cash transfers. Fees vary by country you’re sending funds to and the global exchange rate at the time of your transfer. WorldRemit is ideal for small businesses, offering transfers from ₱1 to ₱50,000.

Pros

  • Flexible payment options
  • Easy three-step transfer process
  • Transfers to mobile wallet accounts
  • Cash pickup available
  • Mobile airtime account transfers

Cons

  • The higher your transfer, the greater the transfer fees
Go to WorldRemit website

Paypal Logo

3. PayPal

You likely know PayPal’s digital service for online purchases, but you may not know that it supports wireless overseas transfers. Its popularity around the world makes it possible to transfer up to 20 currencies across more than 200 countries. While PayPal is like a digital banking service, its rates are competitive compared with most banks and financial institutions, making it a good choice to avoid headaches.

Pros

  • Minimum send of ₱1
  • Available in 203 countries
  • Offers recurring payments
  • Excellent for smaller transfers
  • Multiple digital safeguards in place to protect against fraud and hacking

Cons

  • Fees are proportionate to the amount transferred. The larger the transfer, the more money they take.
  • Fees vary by location of transfer and method, with better deals for using a PayPal credit card or account

More guides on Finder

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked
Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy Policy and Terms.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site