How to send money to the Philippines

Need to send money to the Philippines? Find the best way to move your money internationally from Australia.

You don't want transferring money to be costly or complex. Helping family members expand their business in Manila or supporting ecological preservation in Puerto Princesa can be a smooth process.

Whether you use bank transfers and online transactions or cash pick-ups, you’ll want to compare the transfer fees and exchange rates for all your options to make the choice that is best for your needs.

Compare international money transfer services to the Philippines

Use our comparison calculator to assess transfer fees, exchange rates and other details for sending funds to the Philippines with a money transfer service.

Rates last updated December 12th, 2018
Name Product Min. Transfer Amount Transfer Speed Services Description Online Transfer Fee Rate Amount Received
TorFX International Money Transfers
AUD 200
1 day
Online, Phone, Bank Account to Bank Account
TorFX guarantees to match any competitor's exchange rate. Conditions apply.
Send money overseas in over 30 currencies. Once registered, you'll be assigned an account manager who can provide support and guidance.
OFX (Ozforex) International Money Transfers
AUD 250
1 - 2 days
Online, Phone, Bank Account to Bank Account
$0 transfer fees for Finder customers.
$0 transfer fee on transfers over AU$10,000, $15 flat fee applies otherwise. 24-hour customer service available with a local support team.
Exclusive: InstaReM International Money Transfers
AUD 200
1 - 2 days
Online, Phone, Bank Account to Bank Account
Exclusive: finder customers receive $15 off their first transaction. T&Cs apply.
InstaReM offers simple and quick international money transfers with zero-margin exchange rates. There's a flat 0.5% transfer fee for most transfers. Earn loyalty points on sign up, referral and every transaction, plus finder customers receive $15 off first transfer (T&Cs apply).
WorldRemit International Money Transfers
Within an hour
Online, Bank Account to Bank Account, Cash Transfer
An online money transfer service with cash pickup, bank account to bank account and airtime transfers available.
Global Reach (formerly FC Exchange) International Money Transfers
AUD 3,000
1 day
Online, Phone, Bank Account to Bank Account
Global Reach will match any competitor's exchange rates. Conditions apply.
No transfer fee when transferring more than £10,000 or equivalent. Send money in over 130 currencies. No maximum transfer amount.
The ‘Rate’ and ‘Amount Received’ displayed are indicative rates that have been supplied by each brand or gathered by Finder.

Exchange rates are volatile and change often. As a result, the exchange rate listed on Finder may vary to the actual exchange rate quoted for the brand. Please confirm the actual exchange rate and mention “Finder” before you commit to a brand.

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Save money on your personal or business international money transfer today. Fill in the form and you’ll be contacted by a foreign exchange expert to have an obligation-free discussion about your options. Our foreign exchange experts offer a best rate guarantee, are ASIC authorised and never charge transfer fees.

They can help you with all your needs including:

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What's in this guide?

How to send money to the Philippines in a few simple steps

  1. Pick your service. Use our table to find out which services send money to the Philippines from Australia. You can also use it to compare exchange rates, transfer fees and more.
  2. Set up an account. You'll need to provide identification like a passport or driver's licence, especially for larger transactions. After the first time, you won't need to do this again.
  3. Choose your payment method. You can typically choose to pay from your bank account, credit card or debit card. Some methods may have more limits on the amount you can send than others.
  4. Pick a delivery method. Do you want to send money directly to your recipient’s bank account, to their mobile phone, or arrange a cash pick-up in Manila, Cebu or Davao?
  5. Enter your transaction details. This includes the transfer amount, currency you’re sending and the recipient’s information.
  6. Double-check your transfer. Make sure all the details are correct, especially the receiver’s. You can also review the final exchange rate and any other fees.
  7. Send your money. The money will be deposited into your recipient's account in the Philippines.
  8. Receive an email/SMS confirmation. This will include your tracking number along with confirmation of your transfer. Your recipient will need to present this number if they're picking it up in cash.

How to compare transfer companies when sending money to the Philippines

Want a better exchange rate?

Keep ahead of the curve with daily currency exchange rate alerts.

  • Exchange rates. Nearly all providers skew exchange rates for a profit. Compare the rate you’re offered to the mid-market rate – the rate banks and transfer services use when they trade among themselves – and look for the smallest margin between them.
  • Transfer fees. Find out whether the provider charges a flat fee or a percentage of your transfer. If you’re sending a large amount, ask whether you qualify for a fee-free transfer.
  • Transfer speed. If it needs to be there fast, companies like Western Union and MoneyGram allow for quick cash pick-ups, often in minutes. If you’ve more time, you’ll get better rates and fees with an independent provider.
  • Transfer limits. Your best option might depend on how much you want to send. For large transfers, weigh the best exchange rate — especially since providers encourage large transfers by offering low fees. For smaller amounts, consider the fees you’ll pay on top of the exchange rate.
  • "Hedging" options. Ask whether you can schedule payments ahead of time or protect your transfer against market fluctuations with a limit order or forward contract.
  • Delivery options. Can the cash be collected from a transfer agent, or will it be deposited into your recipient’s Philippines bank account?
  • Customer service. Most companies offer customer service by Internet chat, phone, in person or by email. Make sure help will be available if you need it.

Foreign exchange rates explained

An exchange rate determines how much one country’s currency is worth in another currency. When a country’s currency is strong, it yields more money when exchanging it in a country with a weak currency. The Philippine peso has historically been one of the weaker currencies in Asia. Economic stability, inflation and regional politics all impact the Philippine peso’s value.

Today's exchange rate AUD to PHP

AUD to PHP: Historical rate chart

Updated: 12 Dec 2018 20:04:36 UTC

What are the ways I can send money to the Philippines?

The Philippine peso is traded regularly on global currency markets, which means you have plenty of options to choose from when looking to send money to the Philippines. These include the following:

  • Bank transfers. Many Australian banks will let you send funds to the Philippines, though you should keep an eye out for poor exchange rates and high fees.
  • Money transfer providers. Specialist money transfer services like TorFX, OFX, WorldFirst, CurrencyFair, Currency Online, WorldRemit and HiFX offer fast and affordable international money transfers.
  • Providers with cash pick-up. MoneyGram and Western Union offer fast transfers that you can pick up from a number of agent locations across the Philippines.
  • PayPal. PayPal offers secure international transfers from Australia to the Philippines if both you and your recipient have an account.
  • International money orders. Although not a quick option, you can choose to post an international guaranteed cheque from your bank.

Banks versus money transfer companies

Many major Australian banks offer the option to send funds to the Philippines, but they typically charge high transfer fees and offer exchange rates that are significantly lower than the mid-market rate (or the rate banks and transfer providers use when trading among themselves).

A reputable money transfer specialist can often offer better exchange rates and also charge lower fees, saving you money and putting more Philippine pesos into your recipient’s pocket.

Example: Paul sends money to the Philippines

Paul wants to send a gift of AUD$1,500 to his cousins in the Philippines, but he knows that using his bank to do so will be unnecessarily expensive. With this in mind, he decides to compare the exchange rate and fees of his bank with those offered by a specialist money transfer company. The results of his comparison can be seen in the table below.

Major Australian bank Money transfer specialist
Exchange rate AUD$1 = PHP36.515 AUD$1 = PHP38.719
Transfer fee AUD$12 AUD$0
Transfer time 1-3 days 1-2 days
Transfer options Online, in branch Online
Amount received for AUD$1,500 (PHP) PHP54,773 PHP58,079
Difference (PHP) +PHP3,306

As you can see, not only can Paul save $12 in fees but he can also send an extra PHP3,306 to his relatives by using a money transfer company.

Tips when sending money to the Philippines

  • Making an emergency transfer to someone in the Philippines

You might need to send an emergency cash transfer to the Philippines – for example, if a friend travelling through the country loses their wallet. When you need to transfer funds urgently, your fastest possible transfer will often be the most expensive option. Carefully review the exchange rate and transfer fee against your needs so you understand exactly how much it will cost you.

Tips for picking up cash in the Philippines

  • Check an agent’s location and hours of operation before visiting.
  • Avoid visiting any unsafe areas.
  • Don’t wave your cash around in public and make yourself a target for thieves.
  • Don’t carry large sums of money around for any longer than is necessary.
  • Deposit the money into your bank account as soon as possible.
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Cash pick-up locations in the Philippines

About the Philippines and Australia

Australia and the Philippines are located quite close to one another and enjoy friendly ties. Australia is home to over 220,000 Filipino Australians, the fifth largest subgroup of overseas Filipinos in the world. The largest communities of Filipino Australians can be found in Sydney and Melbourne, though smaller pockets exist in other capital cities.

According to data from the World Bank, in 2017 Australia sent just over $1 billion in remittances to the Philippines. How do the other top 10 countries stack up against how much Australia is sending to the Philippines?

Rank Receiving country Amount of remittances Australia sent in 2017
1 China $2,921,831,167
2 India $1,943,847,714
3 Vietnam $1,182,063,046
4 United Kingdom $1,084,074,219
5 Philippines $1,002,359,356
6 Lebanon $951,642,777
7 Italy $733,516,523
8 Germany $556,414,028
9 France $424,370,489
10 Sri Lanka $392,587,253

Next steps

While you can send money to the Philippines via your bank, there are other more affordable ways to send money overseas. Once you've compared your options in the table above and found the best one for you, head over to the provider's website and register for an account. While the registration part of the process may take some time, once you have your account set up, you'll be good to go.

Frequently asked questions

Image: Shutterstock

International Money Transfer Offers

Important Information*
TorFX International Money Transfers

TorFX guarantees to match any competitor's exchange rate. Conditions apply.
Send money overseas in over 30 currencies. Once registered, you'll be assigned an account manager who can provide support and guidance.

WorldFirst International Money Transfers

Use code FINDER20 for $20 credit towards your next transfer*. Conditions apply.
Send 60+ currencies at competitive rates with $0 transfer fees for Finder customers. WorldFirst will beat any eligible quote from another provider.
*Offer valid for one-time use and only applies to transfers of AUD$10,000 or more.

OFX (Ozforex) International Money Transfers

$0 transfer fees for Finder customers. $0 transfer fee on transfers over AU$10,000, $15 flat fee applies otherwise. 24-hour customer service available with a local support team.

WorldRemit International Money Transfers

An online money transfer service with cash pickup, bank account to bank account and airtime transfers available.

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12 Responses

  1. Default Gravatar
    JackieApril 6, 2017

    Which is the BEST service to use for transfer into a bank account in the Philippines … taking into consideration the exchange rate and fees involved ?

    • finder Customer Care
      LouApril 6, 2017Staff

      Hi Jackie,

      Thanks for your question.

      Unfortunately, as a comparison website, we are unable to recommend specific products to our users.

      On our comparison table above, there are two options for transferring to a bank account in the Philippines. The Citibank Plus Everyday Account and the WorldRemit International Money Transfers. Unfortunately, our calculator is unable to compute how much your recipient will receive if you send a particular amount. You’ll have to directly go to the provider’s website to calculate the actual rates and fees.


  2. Default Gravatar
    WilliamApril 6, 2016

    I need to send money from Australia to Philippines as a cash pick up. What are my options

    • finder Customer Care
      ShirleyApril 6, 2016Staff

      Hi William,

      Thanks for your question.

      You may want to consider Worldremit if you want a cash pick up option. Most international money transfers process bank to bank transfers.

  3. Default Gravatar
    janevielDecember 2, 2015

    hello how can i track world remit cebuana lhuillier ? WORLDREMIT sent me text message with the control number but the girl said control number is invalid ?

    • finder Customer Care
      ShirleyDecember 2, 2015Staff

      Hi Janeviel,

      Thanks for your question.

      Airtime transfers should be instant – if this isn’t the case please get in touch with WorldRemit directly by clicking ‘Go to site’.


    • Default Gravatar
      janevielDecember 3, 2015

      my friend send me money through WORLDREMIT CEbuana Lhiullier (Metrobank Transaction) on DEc.1 but then when i come to the Cebuna Outlet here , its says the control number invalid nothing found on the control number WORLDREMIT texted me and that text i give it to the Cebuna but as they told me many times no money in that control number totally invalid , all outlet i come all says its INVALID!!! i talk them personally and the manager here its INVALID!!. my friend already contact worldremit but then nothing happen What is the problem??? **********

    • finder Customer Care
      ShirleyDecember 3, 2015Staff

      Hi Janeviel,

      We’re sorry to hear about your experience with Worldremit. As we are not Worldremit unfortunately we do not know what the problem is.

      If you’ve quoted the reference “WorldRemit” and your transaction number (the one that your friend has received) and it still hasn’t arrived, please speak to Worldremit directly on: +61 2 6145 2161.

      It might be worth checking with your friend that he or she has put in the correct details.


  4. Default Gravatar
    yasemineJune 21, 2015

    I am here in turkey. How can i send money through this FINDER .com , is it have here in turkey?

    • Default Gravatar
      JodieJune 22, 2015

      Hi Yasemine,

      Thank you for contacting, a financial comparison website.

      You have reached, we are an Australian financial comparison website and do not process any transaction only supply information regarding services offered by different financial providers. All the information for our international money transfers is for transferring funds from Australia.

      Please feel free to see if any of the providers we have on our international money transfer page work within Turkey.


  5. Default Gravatar
    GabrielMay 8, 2015

    why NO calculation or calculator for Australian dollar to Philippines peso?

    • finder Customer Care
      MarcMay 11, 2015Staff

      Hi Gabriel,
      thanks for the feedback.

      We’re working hard to expand our calculator in the near future to offer the ability to calculate transfers from AUD to PHP. Thanks for using our service in the meantime.


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