🇵🇭 Send Money to Philippines — Live Rate Comparison
The Philippines receives about $38 billion a year, mostly from overseas Filipino workers in the US, Saudi Arabia and the UAE. GCash and Maya wallets, plus cash pickup at Cebuana Lhuillier and Palawan, make delivery fast even outside banking hours. Compare peso rates below.
Sending $1,000 from USA to Philippines
Updated 31 minutes ago| Provider | Rate (PHP/USD) | Fee | Recipient gets | |
|---|---|---|---|---|
Xoom
|
62.86 | Free | ₱ 62,859 | See rate → |
Instarem
|
60.98 | Free | ₱ 60,977 | See rate → |
Moneygram
|
61.06 | $1.99 | ₱ 60,937 | See rate → |
Wise
|
61.51 | $12.65 | ₱ 60,730 | See rate → |
Remitly
|
59.63 | Free | ₱ 59,626 | See rate → |
Bank of America
|
59.56 | Free | ₱ 59,557 | |
Wells Fargo
|
59.54 | Free | ₱ 59,543 | |
PayPal
|
59.00 | $4.99 | ₱ 58,710 | |
OFX
|
58.91 | $5.00 | ₱ 58,619 | See rate → |
Best way to send money to Philippines
For instant wallet top-ups to GCash or Maya, Remitly, Wise and WorldRemit are strong options. Cash pickup at Cebuana or Palawan suits recipients without a bank account. Remittance volumes spike before Christmas and fiesta season, so rates can move — compare on the day you send.
Good to know before you send to Philippines
Recipients need a valid ID for cash pickup, and cash-in limits apply to unverified GCash / Maya accounts. Remittances are exempt from Philippine income tax for the recipient. The BSP regulates licensed remittance operators — stick to them.
Sending with crypto — the faster, borderless option
Some senders use USDT stablecoin as an alternative — it moves in minutes, 24/7, often with lower fees than banks. It needs crypto-savvy setup on both sides, rates vary by exchange, and it is not a like-for-like quote against the providers above.
Spend crypto directly with a card
Crypto values can move and services vary by country — do your own checks before sending large amounts. Buzdy may earn a commission from these links, at no extra cost to you.
How your money reaches Philippines
Most services deliver to Philippines through one or more of these methods — pick the provider that supports the one your family uses:
How we collect this data
- ✅ Provider rates and fees are collected from live provider pricing, refreshed roughly every hour.
- ✅ The mid-market benchmark comes from open exchange-rate feeds, so you can see each provider's real margin.
- ✅ Every table shows exactly when its data was collected. If a quote is stale, we say so — we never fill gaps with estimates.
- ✅ Providers are ranked purely by how much your recipient gets — never by who pays us.
Frequently asked questions
What is the cheapest way to send money to Philippines?
The cheapest way to send money to Philippines changes daily with the exchange rate — compare the "recipient gets" column above, which combines the rate and the fee, so the top row is the best total deal right now. For Philippines, delivery via Bank account and GCash is usually the fastest low-cost route, while bank wires are almost always the most expensive.
How fast can I send money to Philippines?
Many services deliver to Philippines within minutes via Bank account, GCash, Maya. Wise usually takes a few hours, and traditional bank wires take 2–5 business days.
What is the mid-market exchange rate?
It's the real exchange rate you see on Google — the midpoint of global buy/sell prices. Providers price below it; the gap is their hidden margin. We show the benchmark so that margin is visible.
Where does this data come from?
Provider quotes are collected from live provider pricing (refreshed roughly hourly); the benchmark rate comes from open exchange-rate feeds. Timestamps on every table show freshness. We never estimate or invent rates.
More for Philippines
Disclosure: Buzdy may earn a commission when you open an account through some links on this page, at no extra cost to you. This never affects ranking — providers are ordered strictly by the amount your recipient receives. Rates change constantly; always confirm the final quote on the provider's site before sending.