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Sending Money to Philippines
The Philippines is one of the world's top remittance recipients, receiving over $36 billion annually. OFW (Overseas Filipino Worker) remittances are a cornerstone of the Philippine economy. The Filipino diaspora spans the UK, US, Canada, Australia, and Europe, making it a highly competitive destination with strong provider coverage.
The Philippine peso (PHP) is managed by Bangko Sentral ng Pilipinas. The PHP exchange rate is relatively stable against major currencies. Multiple providers compete across all major sending currencies, so comparing the recipient amount — not just the advertised rate — is always important.
FAQ: Sending Money to Philippines
What is the best rate to send money to Philippines?
The best rate changes throughout the day as providers adjust their exchange rates. Always compare the total amount your recipient receives — not just the fee — as some "zero fee" providers compensate with a worse exchange rate. Jara compares 0 providers live so you can find the best deal in seconds.
How long does a transfer to Philippines take?
Most transfers to Philippines arrive within 1–3 business days, though many providers offer same-day or instant options. Delivery time depends on the provider, your payment method, and the receiving method. Mobile money is typically fastest; bank transfers may take longer. Always check the provider's estimated delivery time before sending.
What are the transfer limits for sending money to Philippines?
Limits vary by provider and your account verification level. Wise typically supports large transfers for verified accounts. Remitly and Western Union often cap individual transfers around the equivalent of 50,000 in your sending currency, while WorldRemit generally limits to around 10,000 per transaction. Always verify current limits on the provider's website before initiating a transfer.
What details do I need to send money to Philippines?
For most bank deposits you'll need the recipient's full name, bank account number, and the bank's routing or branch code. Some providers also accept mobile money IDs or wallet numbers. You'll need to complete identity verification with your chosen provider before your first transfer.
Can I send money to Philippines from multiple countries?
Yes — Jara compares rates from 5 countries including the UK, US, Europe, Canada, and Australia. Use the tabs above to switch between sending countries and see live rates for each corridor.
Why do exchange rates differ between providers?
Each provider sources foreign exchange differently and applies their own markup above the mid-market rate. Some advertise "zero fees" but compensate with a wider margin on the rate. The only reliable comparison is the total PHP your recipient actually receives — which is exactly what Jara shows.
Can recipients in the Philippines receive money via GCash?
Yes — several providers including WorldRemit and Remitly support GCash and Maya (formerly PayMaya) delivery to the Philippines. These mobile wallet transfers are typically instant and widely used across the country.