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Find the Cheapest Way to Send Money to the Philippines

RemitlyWisePayPalWorldRemitWestern Union
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Top Providers For transfers to the Philippines

Based on 93,339 comparisons made by Monito users in the past 3 months.

Compare live results

Best for Transfers to a Bank Account

Best of 32 providers. Compare all

Best for Transfers to Cash Pickup

  • Top provider
    Remitly Monito Score 9.1

    Cheapest

    in 69% of all comparisons

    Top rated

    in 84% of all comparisons

    Fastest

    in 69% of all comparisons

    Go to Remitly 

Best of 7 providers. Compare all

View over rice fields in Maligcong, Bontoc, Mountain Province, Philippines. Mikel on Unsplash

Remittances to the Philippines: Find the Best Way To Send Money to the Philippines

Affiliate disclosure

Over the past three months, we compared 33 providers for transfers to the Philippines from a wide range of sending countries and found that on average Remitly was most often the cheapest provider (in 37.4% of the searches).

But Remitly might not be available in the country you're sending money from, and it might not be the cheapest for your transfer to the Philippines as the provider's pricing change depends from country to country and changes over time. This means it's always best to launch a live comparison to find the cheapest provider for your transfer.

About Money Transfers to the Philippines

Monito compares 33 providers offering international money transfer servicesto the Philippines. The total cost of the cheapest available option at any given point in the past three months was 0.6% of the transferred amount. In comparison, the total cost of the most expensive provider was on average 10.2%.

💸 Number of Providers

33

🏆 Avg. Cheapest Provider
💰 Avg. Lowest Total Cost

0.6%

💰 Avg. Highest Total Cost

10.2%

💸 Most Transferred Amount

1000 PHP

⚡ ️Fastest Transfer Time

Same day

💳 Pay-In Options

Direct bank payment, Debit card, Bank transfer, Credit card, International bank transfer, Cash

💵 Pay-Out Options

Cash pickup, Mobile wallet, Card, Bank account, Cash delivery, Bank account (via international transfer), Airtime top-up, payout.BILL

👍 Recommended Providers

Remitly, TransferGo, WorldRemit, Instarem, Skrill, XE Money Transfer, Wise, CurrencyFair, Paysend, SingX, Revolut, Xoom, OFX, Panda Remit, Royal Bank of Canada, OrbitRemit, Global66, World First, Global Exchange

FAQ About Sending Money to the Philippines

Best-Rated Providers to Send Money to the Philippines

What's the Cheapest Way to Send Money to the Philippines?

The cheapest way to send money to the Philippines is almost always to make an international bank transfer to a local bank account in the Philippines via a specialist money transfer provider, which you can pay by debit card or local bank transfer.

Services such as Remitly, WorldRemit, and Wise are good examples of such solutions; they offer reasonable exchange rates very close to the mid-market rate and apply transparent and low fees. These solutions will be much cheaper than making an international bank transfer to the Philippines with your bank or using PayPal, which comes with higher costs and take a considerable margin on the exchange rate when converting your money into Philippine pesos.

Take a look at this video before sending money to the Philippines to know how to find the cheapest option available:

Fortunately, there are dozens of excellent options out there. Run a search on Monito's real-time comparison engine to compare them all and find the best way to send money to the Philippines now:

Find the best way to send money to the Philippines in real time:

With more than 10 million Filipinos living abroad and regularly sending money back home, the Philippines is one of the biggest recipient countries of remittances in the world.

As you'll find on Monito, there are plenty of options for sending money back to the Philippines. On our website, we detail over 25 specialist money transfer providers and banks for converting your money into pesos and sending it home. We know there are many options to transfer money to the Philippines, which is why we compare all of the most popular ones side-by-side so you can make an informed choice.

Ultimately, the best money transfer provider for you will depend on several areas like how much you are sending, where you are sending from, the currency you are exchanging into pesos, and some other factors. We take all of those details into account when recommending the best way to send money to the Philippines. We’ll help you find the fastest and cheapest ways to send money home. For example, we can tell you the best providers for sending money to the Philippines from the USA or the UK.

Information Needed To Send to a Bank Account in the Philippines

The following pieces of information will be needed whenever you send money to a Filipino bank account from overseas:

  • Name of the recipient: The name of the holder of the receiving bank account.
  • Address of the recipient: For legal reasons, it is usually necessary to enter the postal address of the recipient (including street, city, and postal code).
  • Name of the recipient's bank: You will need to enter the bank's name, often by selecting the name in a list, e.g. Union Bank of the Philippines.
  • Account number: The account number of the recipient, e.g. 0044XXXXXXXX.

There are more than 30 major universal banks in the Philippines. Some money transfer providers can send money to any bank in the Philippines, while others will only allow you to send it to certain banks. In most cases, however, if the recipient’s bank account is with one of the most used banks in the Philippines, it should work with any of the providers we recommend.

Banks in the Philippines do not use the IBAN system, which means you will generally be asked to enter the name of the recipient’s bank (or choose from a list of banks) and enter the recipient’s bank account number. For most transfers, you will also be required to enter the postal address of the recipient in the Philippines.

Best Ways To Send Money to the Philippines

There are several good options for currency exchange, depending on how the person you’re sending money to wants to get access to their pesos.

Less Than USD 1,000

If you want to send money to a bank account in the Philippines, we recommend using a specialist currency provider. If you’re transferring under $1,000 or equivalent, your best options include WorldRemit, Wise, Transfast and Pangea.

More Than USD 1,000

If you’re sending more than $1,000, we recommend Wise, WorldRemit, Transfast and Remitly.

Banks That You Can Transfer Pesos to in the Philippines

You can normally arrange to send pesos to any of the following banks: BDO Unibank, Metropolitan Bank & Trust Company (Metrobank), Land Bank, Philippine National Bank, and Bank of the Philippine Islands. If you're sending money to BDO Unibank from the USA, take a look at our dedicated guide on the subject.

Cash & Mobile Wallets

Some banks are also popular locations for picking up pesos you have transferred. If the beneficiary wants to collect pesos as cash in the Philippines without going through a bank, then providers like Remitly and WorldRemit are good options, as each offers excellent prices and vast pay-out networks, including Cebuana Lhuillier and LBC Express.

WorldRemit provides cash pick-ups from various bank networks and their partners, including branches of Metrobank, LBC, Palawan and PS Bank network, branches of The Banco de Oro network and branches of M Lhuillier. Others like Transfast provide cash pickups from Cebuana, BDO, LBC, M Lhuillier and many more.

Of all cash transfer providers to the Philippines, Remitly is the cheapest on most searches on Monito, and we therefore recommend them if you're looking for the best deal on average. Not only is Remitly good for cash transfers, but it's also good for receiving money in the Philippines with GCash and other mobile wallets.

What to Avoid

Besides sending money to the Philippines with your bank, we also recommend you avoid using Xoom and PayPal to send money into the country from abroad, as both platforms charge high fees and exchange rates and are easily outdone by better services like Remitly.

If you have any questions about sending pesos to the Philippines, we’re happy to help, get in touch with us now. Otherwise, we recommend finding the best deal in real time on our comparison engine:

Find the best way to send money to the Philippines in real time:

Sending Money to a Mobile Wallet in the Philippines?

Below, you'll find all our guides helping you to send money to various mobile wallets between different countries worldwide:

Send money to GCash from France

Send money to GCash from Australia

Send money to GCash from Austria

Send money to GCash from Denmark

Send money to GCash from the Czech Republic

Send money to GCash from Finland

Send money to GCash from Ireland

Send money to GCash from Italy

Send money to GCash from Latvia

Send money to GCash from Norway

Send money to GCash from Poland

Send money to GCash from Portugal

Send money to GCash from Slovakia

Send money to GCash from Spain

Send money to GCash from Sweden

Send money to GCash from Croatia

Send money to GCash from Estonia

Send money to GCash from Slovenia

Send money to GCash from Hungary

Send money to GCash from New Zealand

Send money to GCash from the USA

Send money to GCash from Belgium

Send money to GCash from Canada

Send money to GCash from the Netherlands

Send money to GCash from Germany

Send money to GCash from Greece

Send money to GCash from Singapore

Send money to GCash from the UK

Send money to GCash from Bulgaria

Send money to GCash from Lithuania

Send money to GCash from South Africa

Send money to GCash from Switzerland

Send money to GCash from Romania

Send money to GCash from Japan

Send money to GCash from India

Send money to GrabPay from Austria

Send money to GrabPay from France

Send money to GrabPay from Australia

Send money to GrabPay from Finland

Send money to GrabPay from Denmark

Send money to GrabPay from the Czech Republic

Send money to GrabPay from Latvia

Send money to GrabPay from Ireland

Send money to GrabPay from Italy

Send money to GrabPay from Portugal

Send money to GrabPay from Norway

Send money to GrabPay from Poland

Send money to GrabPay from Sweden

Send money to GrabPay from Slovakia

Send money to GrabPay from Spain

Send money to GrabPay from Slovenia

Send money to GrabPay from Croatia

Send money to GrabPay from Estonia

Send money to GrabPay from the USA

Send money to GrabPay from Hungary

Send money to GrabPay from New Zealand

Send money to GrabPay from Greece

Send money to GrabPay from Belgium

Send money to GrabPay from Canada

Send money to GrabPay from the Netherlands

Send money to GrabPay from Romania

Send money to GrabPay from Singapore

Send money to GrabPay from Lithuania

Send money to GrabPay from the UK

Send money to GrabPay from Bulgaria

Send money to GrabPay from Germany

Send money to GrabPay from South Africa

Send money to GrabPay from Switzerland

Send money to Maya from Austria

Send money to Maya from France

Send money to Maya from Australia

Send money to Maya from Finland

Send money to Maya from Denmark

Send money to Maya from the Czech Republic

Send money to Maya from Latvia

Send money to Maya from Ireland

Send money to Maya from Italy

Send money to Maya from Portugal

Send money to Maya from Norway

Send money to Maya from Poland

Send money to Maya from Sweden

Send money to Maya from Slovakia

Send money to Maya from Spain

Send money to Maya from Slovenia

Send money to Maya from Croatia

Send money to Maya from Estonia

Send money to Maya from the USA

Send money to Maya from Hungary

Send money to Maya from New Zealand

Send money to Maya from Greece

Send money to Maya from Belgium

Send money to Maya from Canada

Send money to Maya from the Netherlands

Send money to Maya from Romania

Send money to Maya from Singapore

Send money to Maya from Lithuania

Send money to Maya from the UK

Send money to Maya from Bulgaria

Send money to Maya from Germany

Send money to Maya from South Africa

Send money to Maya from Switzerland

Send money to ShopeePay from Austria

Send money to ShopeePay from France

Send money to ShopeePay from Australia

Send money to ShopeePay from Finland

Send money to ShopeePay from Denmark

Send money to ShopeePay from the Czech Republic

Send money to ShopeePay from Latvia

Send money to ShopeePay from Ireland

Send money to ShopeePay from Italy

Send money to ShopeePay from Portugal

Send money to ShopeePay from Norway

Send money to ShopeePay from Poland

Send money to ShopeePay from Sweden

Send money to ShopeePay from Slovakia

Send money to ShopeePay from Spain

Send money to ShopeePay from Slovenia

Send money to ShopeePay from Croatia

Send money to ShopeePay from Estonia

Send money to ShopeePay from the USA

Send money to ShopeePay from Hungary

Send money to ShopeePay from New Zealand

Send money to ShopeePay from Greece

Send money to ShopeePay from Belgium

Send money to ShopeePay from Canada

Send money to ShopeePay from the Netherlands

Send money to ShopeePay from Romania

Send money to ShopeePay from Malaysia

Send money to ShopeePay from Lithuania

Send money to ShopeePay from the UK

Send money to ShopeePay from Bulgaria

Send money to ShopeePay from Germany

Send money to ShopeePay from South Africa

Send money to ShopeePay from Switzerland

Send money to Coins.ph from Austria

Send money to Coins.ph from France

Send money to Coins.ph from Australia

Send money to Coins.ph from Finland

Send money to Coins.ph from Denmark

Send money to Coins.ph from the Czech Republic

Send money to Coins.ph from Latvia

Send money to Coins.ph from Ireland

Send money to Coins.ph from Italy

Send money to Coins.ph from Portugal

Send money to Coins.ph from Norway

Send money to Coins.ph from Poland

Send money to Coins.ph from Sweden

Send money to Coins.ph from Slovakia

Send money to Coins.ph from Spain

Send money to Coins.ph from Slovenia

Send money to Coins.ph from Croatia

Send money to Coins.ph from Estonia

Send money to Coins.ph from the USA

Send money to Coins.ph from Hungary

Send money to Coins.ph from New Zealand

Send money to Coins.ph from Greece

Send money to Coins.ph from Belgium

Send money to Coins.ph from Canada

Send money to Coins.ph from the Netherlands

Send money to Coins.ph from Romania

Send money to Coins.ph from Singapore

Send money to Coins.ph from Lithuania

Send money to Coins.ph from the UK

Send money to Coins.ph from Bulgaria

Send money to Coins.ph from Germany

Send money to Coins.ph from South Africa

Send money to Coins.ph from Switzerland

FAQ About the Best Ways to Send Money to the Philippines

Why Trust Monito?

You’re probably all too familiar with the often outrageous cost of sending money abroad. After facing this frustration themselves back in 2013, co-founders François, Laurent, and Pascal launched a real-time comparison engine to compare the best money transfer services across the globe.

Today, Monito’s award-winning comparisons, reviews, and guides are trusted by around 8 million people each year and our recommendations are backed by millions of pricing data points and dozens of expert tests — all allowing you to make the savviest decisions with confidence.

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Instead of banner ads and paywalls, Monito makes money through affiliate links to the various payment service providers featured on our website. While we work hard to scout the market for the best deals, we're unable to consider every possible product available to you. Our extensive range of trusted affiliate partners enables us to make detailed, unbiased, and solution-driven recommendations for all types of consumer questions and problems. This allows us to match our users with the right providers to suit their needs and, in doing so, match our providers with new customers, creating a win-win for everybody involved. However, while some links on Monito may indeed earn us a commission, this fact never impacts the independence and integrity of our opinions, recommendations, and evaluations.