Record $35.63B Sent Home by OFWs in 2025
Sending toPhilippines · PHP
Send Money to Philippines at the Best Exchange Rates
Send money to the Philippines for less. Compare verified money transfer providers for USD, GBP, CAD, AUD, EUR and NZD to PHP side by side — exchange rate, fee and delivery speed together — including GCash and bank payout options, so you can see exactly what your family back home will receive before you send.
Last updated:
Why compare
Money Transfer to the Philippines: A Lifeline Built on OFW Remittances
Overseas Filipino workers sent a record $35.63 billion home in 2025, up 3.3% from $34.49 billion in 2024, according to the Bangko Sentral ng Pilipinas (BSP). Remittances are equivalent to around 7% of the Philippine economy, and the United States alone accounts for close to 40% of the total. With dozens of providers competing for every money transfer to the Philippines, and multiple ways for your family to receive it, comparing exchange rates and payout options is the easiest way to make sure more of your money reaches them.
A small rate difference adds up
A 1% gap on a $500 transfer is $5 gone before your family sees a peso. Sent monthly, that gap adds up to real money over a year.
Banks rarely offer the best PHP exchange rate
Banks often add a wider margin to the mid-market rate than specialist money transfer providers, so it pays to compare before you send from your bank.
GCash and Maya make payouts fast
The Philippines has one of the most widely used e-wallet markets in Asia, so many providers can pay straight into GCash or Maya within minutes.
Sending corridors
Money Transfer to the Philippines: Choose Your Sending Country
Select the corridor that matches where you are sending from to compare the best money transfer rates to the Philippines for that specific route.
USA to Philippines money transfer comparison
USD → PHP
UK to Philippines money transfer comparison
GBP → PHP
Canada to Philippines money transfer comparison
CAD → PHP
Australia to Philippines money transfer comparison
AUD → PHP
Europe to Philippines money transfer comparison
EUR → PHP
New Zealand to Philippines money transfer comparison
NZD → PHP
Quick compare
Popular Amounts to Send to the Philippines
Jump straight to a comparison for a common transfer amount, in whichever currency you are sending from.
Send USD to the Philippines
USD → PHPSend GBP to the Philippines
GBP → PHPSend CAD to the Philippines
CAD → PHPSend AUD to the Philippines
AUD → PHPSend EUR to the Philippines
EUR → PHPSend NZD to the Philippines
NZD → PHP
USA to Philippines
How to Send Money to the Philippines from the USA
The USA is by far the largest source of remittances to the Philippines, sending close to 40% of the total. To send money from the USA to the Philippines, compare providers for your amount, pay from your US bank account or card, and choose GCash, Maya, a bank deposit or cash pickup for your recipient.
- Best value
Pay from your US bank account
Funding a transfer from a US bank account usually gives the best exchange rate and the lowest fees, and it is exempt from the 1% US remittance tax.
- Since 2026
Know the 1% remittance tax
Since 1 January 2026, transfers funded with cash, a money order or a cashier's check carry a 1% US federal tax. Bank account and US debit or credit card funding is exempt.
- GCash-ready
Send GCash from the USA
Several US-licensed providers can pay directly into a recipient's GCash wallet, often within minutes. Compare which ones support it before you choose.
Simple process
How to Send Money to the Philippines in 4 Steps
- 1
Choose your corridor
Select where you are sending from and enter the amount you want to transfer to the Philippines.
- 2
Compare providers
See exchange rates, transfer fees, delivery speed and user ratings for each verified provider, side by side.
- 3
Pick the best deal
Choose the provider that fits your priority: the strongest PHP rate, the lowest fee, or GCash, Maya or cash pickup support.
- 4
Send with confidence
Complete the transfer directly with your chosen provider. Delivery ranges from minutes for e-wallets and cash pickup to a day or two for bank deposits.
How to pay
Ways to Pay When You Send Money to the Philippines
Most providers accept several ways to pay. The right choice depends on your bank, the size of your transfer, and how quickly you need the money to arrive.
- Most popular
Bank transfer
Send directly from your bank account. Usually the best rates and no card surcharges, and the most reliable option for larger transfers.
- Instant
Debit card
Fast and convenient, with funds sent immediately. Some providers add a small surcharge, but there is no credit risk.
- Secure
Credit card
Accepted by most providers, though it often carries higher fees and may be treated as a cash advance by your card issuer.
- Instant
Open banking / pay by bank
A newer method offered by select providers: fast setup, no card fees, and strong fraud protection built in.
- Secure
Cash deposit
Visit an agent location and deposit cash. Useful if you do not have a bank account, but in the USA cash-funded transfers carry a 1% federal tax.
- Popular
Digital wallet
Pay via PayPal, Skrill or Neteller on select platforms. Convenient if you already use a digital wallet day to day.
How recipients get paid
How Your Family Can Receive Money in the Philippines
The Philippines has one of the richest sets of payout options in Asia, from e-wallets to a nationwide network of pawnshop-based remittance counters. Which options you see depends on the provider you compare.
GCash
The Philippines' most widely used e-wallet. Many providers pay directly into a recipient's GCash account, often within minutes of sending.
Maya
Formerly PayMaya, a major digital wallet and bank alternative supported by a growing number of international providers.
Bank account deposit
Funds are credited via InstaPay or PESONet using the recipient's account number and bank name. The major Philippine banks are all connected to both rails.
Palawan Express
One of the largest cash pickup networks in the Philippines, with thousands of branches, including inside Palawan Pawnshop outlets nationwide.
Cebuana Lhuillier & M Lhuillier
Two more nationwide pawnshop-based remittance networks, useful for recipients outside major cities. Collection needs a valid ID and reference number.
Door-to-door delivery
Cash delivered directly to the recipient's address in select areas, offered by certain remittance companies alongside pickup and bank options.
Expert advice
Best Rate to Send Money to the Philippines: Tips to Save More
Small choices in how, when and how much you send can add up to real savings over a year. Here is what experienced OFW families know.
Compare before every transfer, even with a regular provider
Exchange rates move daily. A provider that offered the best deal last month may not today. Checking Remit Select before each transfer takes under a minute and can save real money over a year of regular sending.
Match the payout to your recipient's habits
If your family already uses GCash or Maya day to day, an e-wallet payout is often faster and easier than a bank deposit. If they need to save the money or withdraw a larger amount, a bank account can be more practical.
Pay by bank transfer, not card or cash, for the best rate
Paying by debit or credit card can add a surcharge, and in the USA cash-funded transfers carry a 1% federal tax. Bank transfers are usually the cheapest way to fund a transfer to the Philippines.
Send a few days before the holidays
Remittances to the Philippines spike every December and around fiestas, and payouts can be slower during peak periods. Sending a few days early gives your family time to receive the money.
Double-check the recipient's name and details
For cash pickup at Palawan Express, Cebuana Lhuillier or M Lhuillier, the name must match a valid government ID exactly. For bank or e-wallet payouts, confirm the account number or registered mobile number before you send.
Regulations
Limits, Taxes and Rules for Sending Money to the Philippines
Money transfers to the Philippines are regulated by the Bangko Sentral ng Pilipinas (BSP), the country's central bank. Understanding the key rules helps you plan a transfer smoothly and avoid unnecessary delays.
- Use BSP-licensed banks, remittance agents or electronic money issuers. Unlicensed informal channels give you no protection if something goes wrong.
- InstaPay generally suits smaller, urgent transfers, with per-transaction limits typically around PHP 50,000 depending on the receiving bank. PESONet suits larger amounts but settles by the next business day.
- Limits for e-wallets like GCash and Maya depend on the recipient's own account verification level with that wallet, not just the sending provider.
- Regulated providers verify your identity and may ask for source-of-funds documents on larger transfers under anti-money-laundering rules.
- USA: since 1 January 2026, a 1% federal tax applies to remittances funded with cash, a money order or a cashier's check. Bank account and US debit or credit card funding is exempt.
- Tax treatment of money received can depend on your situation and where you live. Speak to a qualified tax advisor for large or regular transfers.
Common questions
Send Money to the Philippines: Frequently Asked Questions
Everything you need to know about sending money to the Philippines.
The best way depends on where you are sending from, how much you send and how your family wants to receive it: GCash, Maya, a bank account or cash pickup. Specialist money transfer providers usually beat banks on exchange rate and fees. Use Remit Select to compare providers for your corridor and amount, then pick the one that gives your recipient the most pesos.
Compare USD to PHP providers on Remit Select, choose one, register and verify your ID, enter the amount and your recipient's GCash, Maya, bank or cash pickup details, then pay from your US bank account or card. Paying from a bank account usually gives the best rate and avoids the US 1% remittance tax on cash-funded transfers.
Choose a US provider that supports GCash payouts on Remit Select, register and verify your identity, enter your recipient's registered GCash mobile number and the amount, then confirm and pay. Not every provider supports GCash, so check the payout options shown when you compare before choosing.
Yes, several international money transfer providers offer cash pickup at Palawan Express branches across the Philippines, from senders in the USA, UK, Canada and elsewhere. Compare providers on Remit Select and check that Palawan Express appears as a payout option for your corridor before you send.
The best rate is the one closest to the mid-market exchange rate with the lowest fees. It changes daily and differs by provider, amount and payout method, so compare the final PHP amount received, not just the headline rate. Remit Select shows providers side by side for your corridor.
GCash, Maya and cash pickup payouts can arrive within minutes with some providers. Bank deposits via InstaPay can also be near-instant, while PESONet and some bank transfers take until the next business day.
This page covers sending money to the Philippines. To send money out of the Philippines, use a BSP-licensed bank, remittance agent or electronic money issuer, which will have its own limits and requirements for outward transfers.
For a bank deposit you need the recipient's full name, bank name and account number. For GCash or Maya you need their registered mobile number. For cash pickup at Palawan Express, Cebuana Lhuillier, M Lhuillier or a money transfer agent, they collect with a valid government ID and a reference number.
Since 1 January 2026, the USA charges a 1% federal tax on remittances funded with cash, a money order or a cashier's check. Transfers funded from a bank account or a US debit or credit card are exempt, so paying online avoids it.
Limits are set by your provider, the payout method and the rules in your sending country. Bank deposits and PESONet usually allow larger amounts than InstaPay, GCash, Maya or cash pickup, which have their own per-transaction caps.