To and From – UK, Europe, US, Canada, and Australia
International money transfers to the Philippines can be a tricky prospect – simply because they are so many to choose from – which ones can you trust?
Let’s make it simple.
In the next few minutes you will find the best service for YOU!
Of course safety is key, but we uncover the big savings on transfer fees, chosen payout methods, and transfer speed.
It all starts with choosing a service designed for the amount you are sending.
Full Disclosure: There are links contained in this page which are affiliate links (and while not costing you anything) do earn us a commission. We often also get the opportunity to provide you with discounts and limited time offers as part of using the link – see snapshot below. If you use these links thank you for supporting our mission to make money transfers simple (and cheaper 🙂 )!
- Sending Cash Below $300 USD / ₱15000 PHP
- Best Below $7000 USD / ₱35000 PHP
- Best Above $7000 USD / ₱35000 PHP
A decade ago you’d be limited to rely on services like WesternUnion (review) or MoneyGram to send micro-amounts in cash to the Philippines. After all, these money transfer giants have been around for a while and have over 500,000 agent locations all over the world.
These services support a number of payout methods, including fast cash transfers, while keeping transfer costs low.
In this category WorldRemit is our top pick, offering a great range of services to the Philippines and 3 fee free transfers – see snapshot below.
Apart from great customer support, WorldRemit enables next day cash pickups, bank transfers, mobile airtime top up (Globe/Sun Cellular/Smart/Cignal-TV/Smartbro/SmartGold) and even mobile money (GCash, PayMaya, Coins.ph).
With TransferWise as expat you might also love their Borderless Account (review), including a prepaid MasterCard debit card, a multicurrency wallet, international bank details in major currencies (USD, CAD, GBP, EUR, AUD, and NZD) as well as the ability to pay and get paid local in many countries.
Need cash pick up or super fast transfers?
Remitly is a great option, specialized in fast and affordable transfers for immigrant workers from these 16 countries: UK, US, Australia, Canada, Ireland, Germany, France, Italy, Spain, Austria, Belgium, Finland, Netherlands, Norway, Singapore and Sweden.
TransferWise is very hard to beat for bank transfers with WorldRemit also offering excellent fees for transfers to the Philippines (both micro and small amounts).
If you’re sending large and extra large amounts to the Philippines, we recommend going with a service that;
- Is registered in your sending country and ideally has a physical presence (makes a huge difference in customer service)
- Has structured their fees to help you save on these transfers. Typically, the fees should go down as the amount increases
- Offers phone support. It’s reassuring to be able to talk to a human being when you’re trying to send significant amounts
Both these services are very strong in all these important elements!
Need a quick overview? Skip ahead to the snapshot table below.
WorldRemit is our top choice for fast cash payouts and they maintain a massive network of partners including many banks like M Lhuillier, Banco de Oro, Cebuana Lhuillier, Metrobank, LBC Bank, PS Bank, Palawan Pawnshops, Bank of Commerce, CIS Bayad Center, TrueMoney and many more.
The reason we have chose them as our top pick is that they are very competitive on fees and you can get the first 3 transfers free simply using the link in the snapshot table below.
WorldRemit are also have fast transfers and high customer service standards.
For transfers to a bank account (not cash) our top pick is TransferWise who have no markup on the exchange rate (this makes them a stand out) and transparent fees, but they are limited to bank-to-bank or card-to-bank transfers.
For larger transfers, OFX is our top choice for you and your recipient in terms of fees and because of their strong presence in the UK (including telephone support if required).
For cash payouts, it is hard to go past WorldRemit who maintain a massive network of partners including many banks like M Lhuillier, Banco de Oro, Cebuana Lhuillier, Metrobank, LBC Bank, PS Bank, Palawan Pawnshops, Bank of Commerce, CIS Bayad Center, TrueMoney and many more.
They are very competitive on fees and you can get the first 3 transfers free simply using the link in the snapshot table below.
For transfers to a bank account, TransferWise is our top pick for smaller amounts because of their competitive transparent fees. They also speak Spanish, German, Italian, French, Portuguese and Hungarian.
For larger amounts of $7000 USD/€ 6000 EUR and above XE is a strong option with multilingual staff providing support in English, French and Spanish.
Most remittances to the Philippines are sent from the US, which means there are a huge number of options to choose from.
WorldRemit is our top pick offering fast transfer “in minutes” with super low fees even when sending money in cash or to a bank account. You can also get the first three transfers free when you use the link in the snapshot below.
For larger transfers ($7000 USD) OFX is your best bet as they’re regulated in the US and have offices in New York to ensure good customer service (if required).
If you want to send cash “in minutes” to the Philippines from Canada, WorldRemit offers excellent rates. You can also get the first three transfers free when you use the link in the snapshot below.
If instant transfers or cash transfers aren’t a priority, TransferWise offers an excellent mix of affordable rates, fast transfers and great customer service.
For those large transfers over $7000 USD/$9500 CAD OFX are ideal options as they’re regulated and have offices in Toronto which can be a huge advantage if you need phone support.
WorldRemit is our top choice if you want to send cash “in minutes” to the Philippines from Australia. They are very competitive on total fees and as great introduction you can get the first three transfers free when you use the link in the snapshot below.
If instant transfers or cash transfers aren’t a priority, TransferWise wins the day with an excellent mix of affordable rates, online platform, fast transfers and great customer service.
For those large transfers over $7000 USD/$9500 CAD – OFX is our preferred option as they are head quartered in Sydney and regulated in Australia.
|Small amount||06%-1.11% of|
mark up on
|See exactly what you pay here and compare|
|Flat fee ranging|
|3 free transactions, use code ‘3FREE”|
|Small amount||No fixed fee ||
|Small World||UK and|
|Flat fee +|
margin on the
(0.1% – 2.25%)
|Flat fee +|
margin on the
|You can see what you will pay (desktop) or get the App for mobile – iOS or Android.|
|No flat fee; only|
margin on the
|XE charges no transfer fee here|
|OFX||UK, USA, Canada,|
|Flat ($15 USD)|
fee + margin on
rate for all
|OFX may charge a fixed fee of $15, however if you click here you can avoid these fees all together.|
While your bank may seem like the safest choice for your international transfers, you’ll end up being saddled with hefty fees and slow transfers.
Important factors that determine your transfer costs include your target currency (if you opt for payouts in pesos, transfer costs are lower), transfer speed, and payout method.
The right transfer company passes on the savings to you while making sure you have an easy-breezy transfer experience.
For your transfers to the Philippines, Azimo, Small World, WorldRemit, TransferWise, and XE help you save on fees while offering flexible transfer options.
Scope and quality of service are also major factors for choosing a currency transfer company that fits your needs.
This is because some transfer services are better structured for fast cash payouts, while others are optimized for affordable bank transfers. Again, some services are exceptional for small amounts, while others offer big savings and extra support for those large transfers.
In our experience, TransferWise is excellent for bank transfers from anywhere, WorldRemit is great for your fast and affordable cash payouts, while XE and OFX are ideal for your large transfers are their telephone support becomes more important.
Transfer speed is also an important factor that determines which service you should opt for.
Typically, instant transfers are funded with a debit or credit card and tend to be more expensive than bank-to-bank transfers. However, Azimo, Small World, and WorldRemit keep their fees really competitive, whether you instant fast cash payouts, cash card top ups, mobile top ups, or bank transfers.
Transfers funded by bank accounts and sent to a recipient’s bank account are typically slower (taking 3-5 days). However, TransferWise is known for being a game changer and usually processes these transfers on the same day and which means the money often arrives in just a couple of days.
Is your money safe with currency transfer companies?
All money transfer companies make it a priority to protect your money and data with industry-leading encryption procedures on their website and apps. They also conduct regular audits to make sure the transfers are in line with their scope of service as well as to rule out criminal activities (like fraud and money laundering).
But we do recommend exercising a bit more caution when you’re sending large amounts. For instance, make sure the service you choose is registered and ideally has has a physical presence in the sending country.