Send Money To Philippines

The best way to send money to the Philippines is to carry out a bank account transfer. This involves sending money from your bank account to the recipient's bank account. Bank account transfers are usually more cost-effective than cash transfers. TransferWise, OFX, WorldRemit, and InstaReM are among the leading companies that carry out bank account transfers to the Philippines.

The cheapest way to send money to the Philippines is to transfer it into the recipient's bank account and pay for it through your bank account. You might need to pay an added fee if you wish to make a debit or credit card payment. Cash transfers are usually more expensive.

You may send money from the USA to the Philippines in the form of a bank account transfer or a cash transfer. Some companies offer home delivery of transferred funds. A few also let you top up mobile airtime and mobile wallets.

There is always a cost involved when sending money through third-parties. This can be reduced by using a company that regularly sends money to the Philippines and has no additional fees. Using a coupon or offer can also help first-time customers to reduce the cost of one or more transfers. Some companies offer fee-free thresholds, where transfers above predetermined limits do not attract any fees.

You may send money to the Philippines via Western Union in the form of a bank account transfer or a cash transfer. This means you may pay for your transfer online or pay cash at a Western Union branch. The recipient will receive the money directly into their bank account, or can collect the cash by visiting a Western Union cash pick-up center.

Choose from one of the top money transfer service providers that supports online money transfers to your destination country. How you pay for the transfer might depend on the company you select. Your service provider will need the recipient's local bank account details. Some of the top companies that let you transfer money to the Philippines include OFX, XE and TransferWise.

There is no limit to how much money you can send to the Philippines. However, large value transfers tend to attract greater scrutiny from the country's regulatory bodies. This is because any transfer that exceeds US$14,000 needs to be reported in the Philippines. 

The minimum and maximum amount you can send may depend on the company you select and the desired transfer method. For example, TransferWise lets you send PHP 480,000 per transfer to bank accounts, and PHP 100,000 per transfer to mobile wallets. With WorldRemit, the maximum amount varies based on the receiving bank. For instance, you may send up to PHP 500,000 to accounts held in Banco de Oro (BDO) and Metrobank where for other banks the limit is PHP 300,000.

Depending on where you live, you might use PayPal to send money to bank accounts in the Philippines, to cash pick-up centers, to PayPal wallets, and directly to a recipient's home. PayPal also lets you top up mobile airtime for users in the Philippines. People who live in the Philippines may use the services of PayPal to send money overseas and to shop online.