Send money to the Philippines cheaply

Enjoy competitive exchange rates and minimal fees when you transfer funds to the Philippines.

There are plenty of international money transfer services to choose from when you want to send money to the Philippines. Generally, you open an account with the service provider, deposit your funds into the account and then initiate the transfer.

You'll typically need to provide proof of identity, such as your driver's licence or passport, and some personal details to open an account. Once your transfer has been placed, you’ll be provided with a receipt or tracking number so that you can monitor your transaction.

Although it’s simpler than ever before to send money to the Philippines, it’s vital that you shop around for the best deal so your recipient receives more money.

International Money Transfer Offer

TorFX International Money Transfers

• 0% commission and no fees
• Segregated accounts
• Fast, free money transfers
• Free market updates

International Money Transfer Offer

TorFX guarantee to match any competitor's exchange rate for a transaction. Conditions apply.
Send money overseas in 45 currencies. Once registered, you'll be assigned an Account Manager who can provide support and guidance.

• Minimum transfer amount: $200
• Online transfer fee: $0

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Your options to send money to the Philippines

Transfer amount

Currency exchange

AUD: Australia USD: United States EUR: European Union GBP: United Kingdom JPY: Japan CNY: China NZD: New Zealand HKD: Hong Kong INR: India SGD: Singapore AED: United Arab Emirates BDT: Bangladesh CAD: Canada CHF: Switzerland CZK: Czech Republic DKK: Denmark FJD: Fiji HUF: Hungary IDR: Indonesia ILS: Israel IQD: Iraq KES: Kenia KHR: Cambodia LKR: Sri Lanka MXN: Mexico NGN: Nigeria MYR: Malaysia NOK: Norway NPR: Nepal PHP: Phillipines PKR: Pakistan PLN: Poland SEK: Sweden THB: Thailand UGX: Uganda VEG: Venezuela VND: Vietnam ZAR: South Africa

AUD: Australia USD: United States EUR: European Union GBP: United Kingdom JPY: Japan CNY: China NZD: New Zealand HKD: Hong Kong INR: India SGD: Singapore AED: United Arab Emirates BDT: Bangladesh CAD: Canada CHF: Switzerland CZK: Czech Republic DKK: Denmark FJD: Fiji HUF: Hungary IDR: Indonesia ILS: Israel IQD: Iraq KES: Kenia KHR: Cambodia LKR: Sri Lanka MXN: Mexico NGN: Nigeria MYR: Malaysia NOK: Norway NPR: Nepal PHP: Phillipines PKR: Pakistan PLN: Poland SEK: Sweden THB: Thailand UGX: Uganda VEG: Venezuela VND: Vietnam ZAR: South Africa

Calculate

		Description	Min. Transfer Amount	Transfer Speed	Services	Online Transfer Fee	Rate	Amount Received
	TorFX International Money Transfers	TorFX guarantee to match any competitor's exchange rate for a transaction. Conditions apply. Send money overseas in 45 currencies. Once registered, you'll be assigned an Account Manager who can provide support and guidance.	AUD 200	1 day	Online, Phone, Agent				Go to site More
	OFX (Ozforex) International Money Transfers	Transfer any amount from $250 upwards. $0 transfer fee on transfers over AU$10,000, $15 flat fee applies otherwise. 24-hour customer service available with a local support team.	AUD 250	1 day	Online, Phone, Agent				Go to site More
	Exclusive: Instarem International Money Transfers	Exclusive: finder customers receive $15 off their first transaction. T&C's 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).	AUD 200	1 day	Online, Phone				Go to site More
	FC Exchange International Money Transfers	FC Exchange 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.	AUD 3,000	1 day	Online, Phone, Bank Account to Bank Account				Go to site More
	HiFX International Money Transfers	Transfer amounts as low as $50. No maximum transfer amount. No transfer fees if you transfer more than AU$10,000.	AUD 50	2 days	Online, Phone, Agent				Go to site More

The offers compared on this page are chosen from a range of products finder.com.au has access to and are not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms "best" and "top" are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your personal financial circumstances when comparing products.

Speak to a foreign exchange expert about sending money to the Philippines

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:

• Buying property abroad
• Emigrating
• Regular overseas payments
• Risk management
• Forecasting

Banks vs international money transfer services

Most Australian banks will allow you to send money from Australia to the Philippines, and many people choose to use their banks when conducting international money transfers. However, transfers lodged with your bank can attract poor exchange rates and high fees, so you might be much better off looking to send funds another way.

Specialist money transfer companies offer fast and affordable overseas transfers, typically at much better exchange rates than those offered by banks. These companies also offer lower fees and faster turnaround times than banks, so it makes sense to compare your options before choosing a provider.

How do I compare transfer companies when transferring money to the Philippines?

Take the following factors into account when comparing the services offered by different money transfer companies:

• Competitive exchange rates. You’ll obviously want to look for a company that offers attractive exchange rates. However, keep in mind that some companies with slightly lower rates than others may also offer higher fees.
• Little to no transfer fee. Most companies will charge a fee for every transfer you make, either at a flat rate or as a percentage of your transfer amount. However, some companies will let you avoid any fees when you transfer more than a certain amount.
• Flexible transfer methods and options. Can transfers be lodged online, over the phone and/or in a branch? Are there flexible options available to help make the transfer process easier and more affordable? For example, can you lodge regular scheduled transfers or place forward contracts?
• Quick turnaround time. Compare the average processing time offered by each company for transfers to the Philippines.
• Convenient pickup methods for your recipient. Some companies will allow cash pickups within minutes while others send funds directly to the recipient’s bank account.
• Low minimum transfer amounts. Some companies have minimum transfer limits in place, which can be highly impractical if you only want to send a small amount of money.
• Reliable customer service. Check to see if phone, email and live chat support are offered so that you can have assistance on hand if you ever need it.

TIP: Some banks, for example ANZ, have branches in both Australia and the Philippines. Transferring funds within a bank can save you time and money.

How to send money to the Philippines from Australia

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 for cash pickup. Western Union and MoneyGram allow you to send cash to the Philippines within minutes. You can then pick up the funds from a number of agent locations across the Philippines.
• Money transfer companies. Specialist money transfer services like TorFX, OFX, WorldFirst, CurrencyFair, Currency Online, Travelex, WorldRemit and HiFX offer fast and affordable international money transfers.
• PayPal. You can send funds via PayPal if both you and your recipient have a PayPal account.
• International money order. You can also obtain an international guaranteed cheque from your bank, which you can then post overseas.

Emergency cash transfers in the Philippines

There are some situations where you may need to transfer funds to the Philippines as quickly as possible. For example, you may have a relative visiting the region who had their wallet stolen by thieves and is in desperate need of cash to be able to return home to Australia.

Whatever the case may be, it’s important that you exercise caution when lodging an emergency cash transfer. Make sure you know the exact exchange rate that will apply to your transaction and read the fine print to familiarise yourself with any fees and how long the transaction will take to be processed. Taking the time to do this now will ensure that you get a good deal.

Cash pickup locations in the Philippines

WorldRemit, Western Union and MoneyGram offer multiple branch locations across the Philippines where your recipient can pick up the funds you send. When you go to pick up funds, remember to take some ID and the details of your transaction with you. In addition, it’s also wise to phone ahead and make any necessary arrangements if you are picking up a large sum of cash.

Tips for picking up cash in the Philippines

The Department of Foreign Affairs and Trade recommends that travellers to the Philippines "exercise a high degree of caution", so keep this in mind when picking up cash. If possible, take a friend with you for extra protection, but make sure not to advertise the fact that you have a large sum of cash to anyone. Avoid questionable areas where muggings occur frequently and head straight to your bank to deposit the funds. You can also find some more great travel safety tips by reading online blogs and forums.

About the Philippines and Australia

On a global scale, Australia and the Philippines are located quite close to one another and enjoy friendly ties. In fact, Australia is home to more than 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.

When you consider this fact, it’s unsurprising that many people find themselves needing to transfer money between Australia and the Philippines. While such transactions can be carried out via your bank, there are other more affordable ways to send money overseas.