Send Money To Philippines

Personal
Business
From
United States Flag
United States
USD
To
Philippines Flag
Philippines
PHP
1 USD equals
48.138 PHP
Updated on November 27, 2020
 
How much to transfer?
$1-$1k
$1k-$10k
$10k +
Provider
Features
Fees
Score
Speed
Transfer Now
OFX Logo
  • Check Icon
    0.4% margin for new customers referred by iCompareFX
  • Check Icon
    Fee-free transfers
  • Check Icon
    Scheduled transfers
  • Check Icon
    Online and phone transfers
$
$
$

low

Fees
87
Speed Icon

medium

2-3 days

Less Information
+
Promo Offer Available
Super low 0.4% margin for new customers referred by iCompareFX. Simply click GO TO SITE and register.

Transfer Options

  • Bank transfer
  • Debit card (UK only)
  • BPAY (Australia only)
  • Direct debit (U.S. only)

Features

  • Check Icon
    0.4% margin for new customers referred by iCompareFX
  • Check Icon
    Fee-free transfers
  • Check Icon
    Scheduled transfers
  • Check Icon
    Online and phone transfers

Support

  • Phone
Support
Phone Icon
Phone
$
$
$

low

Fees
Speed Icon

medium

2-3 days

Best For

  • Circle Check Icon
    Pay no fees for personal transfers
  • Circle Check Icon
    Get competitive exchange rates
  • Circle Check Icon
    Lets you schedule transfers with ease
  • Circle Check Icon
    Trading in some currencies possible only over the phone
  • Circle Check Icon
    Website access only in English

Currencies Direct Logo
  • Check Icon
    Forward contracts and limit orders
  • Check Icon
    Scheduled transfers
  • Check Icon
    Travel money solutions for residents of the UK
  • Check Icon
    Multilingual website
$
$
$

low

Fees
84
Speed Icon

medium

2-3 days

Less Information
+

Transfer Options

  • Bank transfer
  • Debit card

Features

  • Check Icon
    Forward contracts and limit orders
  • Check Icon
    Scheduled transfers
  • Check Icon
    Travel money solutions for residents of the UK
  • Check Icon
    Multilingual website

Support

  • Phone
Support
Phone Icon
Phone
$
$
$

low

Fees
Speed Icon

medium

2-3 days

Best For

  • Circle Check Icon
    Schedule transfers easily
  • Circle Check Icon
    Make use of hedging tools
  • Circle Check Icon
    Accepts customers from most countries
  • Circle Check Icon
    Cannot sign up from all states in the U.S.

XE Money Transfer Logo
  • Check Icon
    Fee-free transfers
  • Check Icon
    Competitive exchanges rates
  • Check Icon
    Limit orders
  • Check Icon
    Multilingual website and customer service
$
$
$

low

Fees
71
Speed Icon

medium

2-3 days

Less Information
+

Transfer Options

  • Bank Transfer
  • BPAY (Australia)

Features

  • Check Icon
    Fee-free transfers
  • Check Icon
    Competitive exchanges rates
  • Check Icon
    Limit orders
  • Check Icon
    Multilingual website and customer service

Support

  • Phone
Support
Phone Icon
Phone
$
$
$

low

Fees
Speed Icon

medium

2-3 days

Best For

  • Circle Check Icon
    No fees for personal transfers
  • Circle Check Icon
    Accepts payments in several currencies
  • Circle Check Icon
    Target specific rates using limit orders
  • Circle Check Icon
    No debit or credit card payments
  • Circle Check Icon
    No scheduled transfers

WorldRemit Logo
  • Check Icon
    Bank account transfers and cash transfers
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    Mobile airtime and mobile wallets top up
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    Home delivery of transferred funds
  • Check Icon
    Multicurrency WorldRemit Wallet
  • Check Icon
    Multilingual website
$
$
$

medium

Fees
63
Speed Icon

fast

1-2 days

Less Information
+
Promo Offer Available
Three free transfers for new customers! Check out the WorldRemit promo guide for more info.

Transfer Options

  • Bank Transfer
  • Debit / Credit card
  • Google / Apply Pay
  • POLi (Australia)

Features

  • Check Icon
    Bank account transfers and cash transfers
  • Check Icon
    Mobile airtime and mobile wallets top up
  • Check Icon
    Home delivery of transferred funds
  • Check Icon
    Multicurrency WorldRemit Wallet
  • Check Icon
    Multilingual website

Support

  • Phone
Support
Phone Icon
Phone
$
$
$

medium

Fees
Speed Icon

fast

1-2 days

Best For

  • Circle Check Icon
    Transfers to cash pickup locations
  • Circle Check Icon
    Transparent rates and fees
  • Circle Check Icon
    Low minimum transfer amount
  • Circle Check Icon
    No hedging tools
  • Circle Check Icon
    No scheduled transfers

TransferWise Logo
  • Check Icon
    Transparent fee structure
  • Check Icon
    Send money to email addresses
  • Check Icon
    Multicurrency account with debit card
  • Check Icon
    Multilingual website & app
$
$
$

low

Fees
75
Speed Icon

fast

1-2 days

Less Information
+

Transfer Options

  • Bank Transfer
  • Credit Card
  • Debit Card
  • Country specific alternatives

Features

  • Check Icon
    Transparent fee structure
  • Check Icon
    Send money to email addresses
  • Check Icon
    Multicurrency account with debit card
  • Check Icon
    Multilingual website & app

Support

  • Phone
Support
Phone Icon
Phone
$
$
$

low

Fees
Speed Icon

fast

1-2 days

Best For

  • Circle Check Icon
    User friendly mobile app
  • Circle Check Icon
    Multi-currency account
  • Circle Check Icon
    Travel debit card
  • Circle Check Icon
    No scheduled transfers
  • Circle Check Icon
    No dedicated account manager

Payoneer Logo
    $
    $
    $

    high

    Fees
    71
    Speed Icon

    medium

    2-3 days

    Less Information
    +

    Transfer Options

    • Bank transfer
    • Debit card
    • Credit card
    • Bank debit

    Features

      Support

      • Phone
      Support
      Phone Icon
      Phone
      $
      $
      $

      high

      Fees
      Speed Icon

      medium

      2-3 days

      Best For


      How to send money to Philippines

      How To Step Icon
      Step 1
      Comparing, selecting, registering
      Comparing, selecting, registering
      Review and compare the best companies that can send money to the Philippines.
      Take your individual requirements into account and make a selection.
      Sign up as a personal or business customer by providing the required information.
      Provide details of an acceptable form of ID, such as your passport or driver's license.
      How To Step Icon
      Step 2
      Checking exchange rates, setting up the transfer
      Checking exchange rates, setting up the transfer
      Review historical PHP exchange rates.
      Let your service provider know how much money you wish to transfer, and check the rate you will receive.
      Determine if now is a good time to transfer money to a Philippines bank account.
      Lock in the offered rate and provide the recipient's bank account details.
      How To Step Icon
      Step 3
      Making the transfer
      Making the transfer
      Pay for your transfer using any of the available methods. The actual process of transferring money to the Philippines begins once the company receives your payment.
      Track your transfer through notifications or updates.

      Currency symbol and swift codes

      The Philippine peso, also referred to as the Flipino piso, (PHP) is the country’s official currency, and is denoted by the ₱ sign. The term piso has been in use since 2017, when the country adopted the Filipino language for its banknotes and coins. One peso is made up of 100 sentimos or centavos.

      If you wish to send money to the Philippines through a bank to bank transfer, you will need to provide a Bank Routing Symbol Transit Number (BRSTN), a term commonly used in the country to refer to a Bank Identifier Code (BIC). Here are the BRSTNs of popular banks in the Philippines.

      Bank

      BRSTN

      Allied Banking Corporation10320013
      Bank of America, N.A.10120019
      Bank of China11140014
      Citibank, N.A.10070017
      Deutsche Bank10650013
      The Standard Chartered Bank10050011

       

      Sending cash to the Philippines

      Western Union and WorldRemit provide services for sending cash to the Philippines. Sending cash can cost more in exchange rate margins and additional fees as the cash is handled by third-parties. WorldRemit can send cash instantly to the following locations.

      • Mlhuillier
      • Cebuana Lhuillier, Bank of Commerce or TrueMoney
      • Metrobank, LBC, PS Bank and Palawan
      • Banco de Oro (BDO) and BDO Remit in SM Malls or RD Pawnshop locations
         

      Sending mobile prepaid credit to the Philippines

      It is possible to send prepaid mobile airtime top up to the Philippines. WorldRemit provides this as a service for all major Filipino mobile carriers. 

      FAQs

      Best way to send money to the 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.

      Cheapest way to send money 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.

      How can I send money from the USA to the Philippines?

      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.

      Can Zelle send money to the Philippines?

      Zelle does not work in the Philippines. Zelle requires that the sender's and receiver's bank accounts be U.S. based. You may register with Zelle by using your email ID or a U.S. based mobile number. Then, you can look forward to carrying out quick transfers within the U.S.

      How can I send money to Philippines for free?

      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.

      How can I send money to the Philippines via Western Union?

      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.

      How can I send money to the Philippines online?

      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.

      How much money can I send to the Philippines?

      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.

      Does PayPal Work in Philippines?

      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.

      Convert USD to PHP

      Check out the historical exchange rates for the last thirty days. Learn how much you can save by using a global money transfer company instead of the big banks.
      USD
      PHP
      Sending money online through specialist money transfer companies.

      Expect to receive between P4765.64 and P4794.52 when sending money from USD to PHP at today's exchange rate.

      Compare that to sending money overseas through retail banks. Expect to receive approximately P4573.09, not including additional banking fees. That is an average saving of P206.99.
      Currency exchange rate in the last 30 days

      Need more information?

      Read useful guides on international remittance and more detailed reviews on the best money transfer services.

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