- Send money online within minutes
- Large range of destinations
- Able to send to cash pickup locations
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The best way to send money to the Philippines involves comparing providers to find one that fits your budget and needs. Shop around with a few digital specialists to find the best deal on your next transfer.
To help you narrow down the best, we've dug through the details of many leading money transfer companies. Online money transfer providers typically offer the strongest exchange rates and lowest fees on money transfers to the Philippines.
Let's say you need to send $2,000 to family in the Philippines. Here's what you might face as far as fees and exchange rates as of 10 November 2020.
|Digital money transfer service||Cash transfer||Bank transfer|
|Fee||$13||$12||$10 + additional correspondent bank fees|
|Exchange rate||1 AUD = 35.1 PHP||1 AUD = 34.3 PHP||1 AUD = 33.6 PHP|
|Transfer speed||1-2 day||Minutes||2-5 days|
|Amount received||PHP 69,825||PHP 68,630||PHP 66,879|
The digital money transfer option ends up being the best value, while a cash transfer is faster.
Sign up and send money with a digital money transfer specialist in four steps:
Weigh costs and fees against convenience, and learn how to compare money transfer providers that send to the Philippines to meet your needs:
When it's more important to get your money to the Philippines quickly, look for money transfer companies that support cash pickup in minutes. You can pay with a credit or debit card for fast pickup, but fees are higher than other methods.
Cash transfer services can help you if you're unbanked or marginally banked. If you don't have a bank account, look for a local company that supports storefronts for cash payments. These services include agent locations in other countries that allow your recipient to pick up cash without a bank account.
Many popular money transfer providers, including WorldRemit and Wise, allow you to send money directly to a mobile wallet in the Philippines. Mobile wallets, also known as e-wallets, are a convenient receiving option because the recipient can store and spend money directly from their phone. Some of the most popular mobile wallet options in the Philippines include:
When you're looking for a convenient way to send money to the Philippines, having the funds delivered to a mobile wallet is one of the more straightforward options. Just be sure to always double-check the associated fees, exchange rates and processing times for each mobile wallet before signing up and using it.
The exchange rate determines how much one country's currency is worth in another country's currency. When a country's currency is strong, it yields more money when exchanging it in a country with a weaker currency. The Philippine peso often fluctuates when compared to Australia dollar, so expect exchange rates today to be different than those you'll see tomorrow. Factors that influence the exchange rate include interest rates, economic stability and inflation.
To send money to the Philippines from Australia, you'll need government-issued ID and other documents, while documents needed to pick up money in the Philippines may be different by company.
To send money from Australia to the Philippines, you'll need documentation and details that include:
To pick up money in person, documentation can include:
Most money transfers between Australia and the Philippines shouldn't have any specific tax obligations attached to them. Some circumstances may trigger a need for filing specific forms, so read up on our remittance tax guidelines for the Philippines to learn more about when you may need to file with the ATO.
Sending your hard-earned money to the Philippines shouldn't cost a fortune. Compare transfer companies that specialize in foreign for the strongest rates, lowest fees and flexible delivery. For transfers to other countries, rely on our country specific guides the next time you need to make a transfer.
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Get today’s best Australian to US dollar exchange rates before you send money overseas.
Beat the banks, find the best exchange rates and avoid fees when you send money abroad from Australia.
New customers use code AZIMO50 to get GBP 5 off when you transfer GBP 50+. Valid till 31 October 2021. T&Cs apply.
Azimo sends money directly to a bank account or over 280,000 cash pick-up points. It also has fast transfers to 50+ countries.
TorFX guarantees to match any competitor's exchange rate. Conditions apply.
TorFX sends money overseas in 30+ currencies, with competitive rates for transfer amounts over $2,000.
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Send money in minutes at competitive exchange rates with this Australian money transfer service.
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