Send Money to the Philippines
at the Best Rates
Compare 45+ verified providers for GBP, AUD, USD, CAD → PHP transfers. See real exchange rates, real fees — and make sure every hard-earned peso reaches your family in full.
OFW Remittances Are the
Lifeblood of the Philippines
The Philippines receives over $36 billion USD in remittances every year — ranking it among the world's top four remittance-receiving nations. Overseas Filipino Workers (OFWs) in the UK, Australia, USA, Canada, Saudi Arabia, and Hong Kong form the backbone of the Philippine economy, with family remittances accounting for nearly 9% of GDP. Comparing providers before every transfer puts more pesos in the hands of the families who need it most.
Choose Your Sending Country
Select the corridor that matches where you're sending from and instantly compare the best providers for that specific route to the Philippines.
Send Money to the Philippines in 4 Easy Steps
Flexible Payment Methods
Most providers support multiple payment methods for Philippines transfers. The right choice depends on your bank, how quickly funds are needed, and the total amount you're sending.
Receiving Options in the Philippines
The Philippines has one of the most developed remittance receiving infrastructures in Asia — from instant GCash credits to cash pickup in every barangay across 7,600+ islands.
Tips to Save More on Philippines Transfers
OFW remittances are too important to lose to unnecessary fees and poor exchange rates. These tips will help every Filipino family abroad maximise what reaches home.
Transfer Limits &
Regulations to Know
Money transfers to the Philippines are regulated by the Bangko Sentral ng Pilipinas (BSP) and governed on the sending side by financial authorities in your country. Knowing the key rules prevents surprises on large transfers.
- The Philippines imposes no annual cap on inward personal remittances. OFW transfers for family support, property, education, and personal use are fully permitted under BSP regulations.
- The BSP requires all remittance service providers to be licensed. Only use BSP-registered or internationally regulated services — unlicensed operators offer no consumer protection.
- Transfers above your provider's threshold (typically £5,000–£10,000) require enhanced identity verification — passport, proof of address, and sometimes source-of-funds documentation.
- From the UK, transfers above £10,000 in a year to a single recipient may attract enhanced scrutiny under FCA anti-money laundering obligations on the sender's side.
- GCash and Maya wallet transactions are subject to BSP-mandated single-transaction and monthly limits. For larger remittances, direct bank deposit is recommended to avoid wallet top-up restrictions.
Frequently Asked Questions
Everything you need to know about sending money to the Philippines.
Specialist OFW-focused services like Wise, Remitly, iRemit, and Western Union typically offer significantly better PHP rates than high-street banks — often 3–5% better. Use RemitSelect to compare all available options instantly for your specific amount and sending corridor before every transfer.
Bank deposits via InstaPay can be near-instant. GCash and Maya wallet deliveries are typically within minutes. Standard bank transfers via PESONet arrive the same or next business day. Cash pickup through Western Union or Palawan Express is usually available within minutes of the sender completing the transfer.
The BSP imposes no annual cap on receiving personal remittances. Individual provider limits typically range from £5,000 to £500,000 per transfer. Note that GCash and Maya wallets have their own monthly incoming limits set by the BSP — for larger amounts, direct bank deposit is recommended.
Personal remittances received in the Philippines for family support are generally not subject to income tax. Very large gifts may have donor's tax implications under Philippine tax law above PHP 250,000 annually. Tax obligations in your sending country may also apply — a tax adviser can clarify for large or regular transfers.
For bank deposits: the recipient's full name, bank account number, bank name and branch, and SWIFT/BIC code. For GCash or Maya: just their registered mobile number. For cash pickup: the recipient's full name exactly as it appears on their valid government-issued ID (passport, SSS, PhilHealth card).
All major Philippine universal banks accept international remittances, including BDO (Banco de Oro), BPI (Bank of the Philippine Islands), Metrobank, Land Bank of the Philippines, PNB, UnionBank, Security Bank, EastWest Bank, and Chinabank. Most have dedicated OFW or Kabayan remittance programmes.