Send money to Philippines

Find the best way to transfer money to the Philippines from the UK.

Using a dedicated money transfer service could let you send money to the Philippines more cheaply than with your bank. Use the table below to compare quotes from a range of popular transfer providers to see which could get you more Philippine pesos for your pounds.

Compare quotes for sending money to the Philippines

1 - 20 of 20
Name Product Filter Values Pay By Fastest transfer Fee (Pay by Bank Transfer) Key benefits
OFFER
Xe
Credit card, Bank transfer
Within minutes
£2
Refer a friend and you'll each get a £25 Amazon voucher when they transfer over £1,000
OFFER
TorFX
Bank transfer
24 hours
£0
Get a £50 Amazon voucher for each friend you refer who transfers £5,000 or more
Wise (TransferWise)
Credit card, Debit card, Bank transfer
4 hours
From £3.75
OFFER
Revolut
Credit card, Debit card, Bank transfer
Within minutes
From £0
Sign up and get a free £10 top-up plus 1 month of Revolut Premium
DISCOUNT
PassTo
Credit card, Debit card, Bank transfer
Within minutes
From £0.99
No fees on your first 2 transfers
DISCOUNT
Remitly
Credit card, Debit card, Bank transfer
Within minutes
From £1.49
Get £10 off your first transfer over £100 with code FINDER
Central FX
Bank transfer
24 hours
£0
OFX
Credit card, Debit card, Bank transfer
24 hours
£0
CurrencyTransfer
Bank transfer
24 hours
£0
Airwallex
Bank transfer
Within minutes
£0
OFFER
Currencies Direct
Bank transfer
24 hours
£0
Get a £50 Amazon voucher for each friend you refer who transfers £5,000 or more
OFFER
CurrencyFair
Bank transfer
24 hours
£2.50
New customers get unlimited fee-free transfers for their first 3 months. T&Cs apply.
OFFER
WorldRemit
Credit card, Debit card, Bank transfer
Within minutes
From £1.99
Use promo code 3FREE to send your first 3 transfers with no fee. Conditions apply.
CurrencyTransfer Business
Bank transfer
24 hours
£0
DISCOUNT
Skrill
Cash, Credit card, Debit card
Within minutes
From £0
Get £5 off your first transfer
OFX Business
Credit card, Debit card, Bank transfer
24 hours
£0
TorFX Business
Bank transfer
24 hours
£0
CurrencyFair Business
Bank transfer
24 hours
£2.50
Zero fees on your first 10 transfers.
Currencies Direct Business
Debit card, Bank transfer
24 hours
£0
XE Business
Bank transfer
24 hours
£0
Special offer: £25 Amazon voucher when you refer a friend
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Compare up to 4 providers

Please note: You should always refer to quotes you receive from transfer services themselves directly for exact amounts as they may vary from our estimates.

Here’s our simple process for sending a money transfer to the Philippines as a cash pickup or bank transfer – the two options are similar:

How to send money to the Philippines from the UK

  1. Compare transfer services. Use our table above to compare quotes for sending GBP to the Philippines.
  2. Register for an account. You'll need to give your name, address, contact details and confirm your ID (which typically involves submitting a selfie along with a photo of the page in your passport which has your headshot).
  3. Provide recipient details. Enter your recipient's name and contact information. If you're sending straight to their Filipino bank account, you'll need their account details – namely their "IBAN" and their bank's "SWIFT" code.
  4. Enter the transfer amount. Double-check you're happy with the fees, exchange rates, transfer speed and the amount of Philippine pesos your recipient will receive.
  5. Complete your transfer. Add your payment details and action your transfer to the Philippines! Keep any reference safe so you can track your transfer (your recipient may need this).

The whole process can take as little as 1 hour and all you'll need is a smartphone or computer, an internet connection, your passport or driving licence, your recipient's account details and a means of payment.

If you send to a Philippine bank account, your recipient will need to wait for the funds to arrive. For a cash pick up, your recipient in the Philippines might be able to pick it up as soon as payment has cleared. They’ll need to show some form of photo ID in order to pick up the funds and may additionaly require a reference number and details of the sender and amount.

Case Study: Gabriel sends money to the Philippines

Gabriel is spending two years working in the UK for a advertising agency, but he stays in regular contact with his elderly parents back home in the Philippines. His parents need some funds to help pay off a debt to a previous landlord, so Gabriel plans to send them £3,200 from the UK.

Gabriel decides to check out an online money transfer specialist to see if it works out any cheaper than his bank

Bank Money transfer firm
Exchange rate 1 GBP = 64.23 PHP 1 GBP = 66.37 PHP
Transfer fee £0 £2.50
Transfer method Bank account deposit Bank account deposit
Processing time 2-5 working days Next day
Amount received 205,539.33 PHP 212,203.38 PHP

As you can see, while the transfer fee is slightly higher for the online money transfer company, it allows Gabriel to send an extra 6,664.05 PHP, which is transferred straight to his parents' BDO Unibank account.

How much does it cost to send money to the Philippines from the UK?

The cost of sending money to the Philippines from the UK depends on the GBP to PHP exchange rate applied to the transfer, plus any fees incurred.

Exchange rates

The “mid-market” or “interbank” rate is the that banks and transfer services use to trade between one another. It’s the best rate going. To cover costs and make some profit, transfer services either give consumers a slightly less preferential rate or charge a transfer fee. In a few cases, they might do both.

If you’re not in a rush, companies like TorFX let you set “rate targets” so that your transfer can be automatically executed if and when the exchange rate hits a target you set. This can translate into meaningful savings, especially on larger transfers.

Transfer fees

Transfer fees can take the form of a flat fee (e.g. £5) or a percentage fee (e.g. 0.5% of the amount being transferred). As well as varying from brand to brand the fee at a specific brand might vary according to the service you require (a cash pick-up or a faster transfer could cost more, for example).

Discounts

Some transfer services offer a discount to new customers. Ultimately you just want to look at how may Philippine pesos they’re promising you for your pounds. That’s the easiest way to find the best deal.

Is this a good time to send money to the Philippines?

Compared to the start of 2022, the pound is weaker against the Philippine peso. Currently £3,000 is equivalent to ₱200,096.70, whereas at the start of 2022, £3,000 was equivalent to ₱207,054.30. That's an increase of 3.36%.

Similarly, compared to mid-2021, the pound is again weaker against the Philippine peso. In mid-2021, £3,000 was equivalent to ₱203,950.80. That's a decrease of 1.89%.

What's more important, however, is where the strength of the pound against the Philippine peso goes from here – which is harder to call. Based on those two quick glances back, your pounds might not go as far as they would have, so shopping around for the best deal on your transfer is key.

Ready to compare rates?

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Other frequently asked questions

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you.

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