How to send money to the Philippines

Simple, low-cost ways to transfer money overseas.

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A specialised money transfer company can help you take advantage of competitive exchange rates on a secure transfer to the Philippines, but finding out which provider is best will depend on how much you’re sending and how quickly you need it to arrive.

Compare services that send money to the Philippines from the UK

Table: sorted by a combination of service offering and the amount your recipient will receive

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
GBP 1 Same day GBP 0.00 61.543 PHP
61,543
Whatever amount you transfer, XE will not charge you a fee for using their service. Go to site Show details
GBP 1 1 - 2 days GBP 1.99 61.064 PHP
60,942
Special offers like free transfers and better exchange rates available for new customers.
Quick, affordable transfers around the world with both express and economy options.
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GBP 50 Same day GBP 2.99 61.249 PHP
61,066
Use promo code 3FREE to send your first 3 transfers with no fee. Conditions apply.
An online money transfer service with cash pick-up, bank account to bank account and airtime transfers available.
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GBP 10 Within an hour GBP 2.00 61.54 PHP
61,417
First two transfers free for new customers.
Instant or 1 hour transfers to over 50 countries, send money directly to bank accounts or over 280,000 cash pickup points.
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GBP 1,000 1 - 2 days GBP 0.00 61.249 PHP
61,249
Better exchange rates for Finder customers.
Send 60+ currencies at competitive rates and no fees. If you find a better eligible quote, WorldFirst will beat it.
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GBP 5 2 days EUR 3.00 61.559 PHP
61,559
Special offer: Zero fees on your first 10 transfers.
Get bank-beating exchange rates and fast transfer times on 15+ popular currencies.
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Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

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

Banks versus money transfer companies

Many banks in the UK 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.
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Case study: Manny sends money to the Philippines

While Manny has forged a successful life for himself in London, 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 compares two popular money transfer companies to see if he can find a more affordable option.

Money Transfer Company AMoney Transfer Company B
Exchange rate1 GBP = 63.27 PHP1 GBP = 64.11 PHP
Transfer fee£5£4
Transfer methodBank account depositBank account deposit
Transfer speed
3–5 business days1 business day
Total pesos received for £1,000
63,270 PHP64,110 PHP

It will take longer for his grandparents to receive the money with service A, and they’d receive nearly 840 pesos less than with service B. Manny’s grandparents will receive extra money and get it sooner because Manny shopped around for the best money transfer services.

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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 OFX and WorldRemit offer affordable international transfers online.
  • Providers with cash pickup. MoneyGram, Western Union and Ria offer fast transfers to the Philippines.
  • PayPal. PayPal offers secure international transfers from the UK to the Philippines.

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 travelling 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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