Cheapest way to send money to the Philippines · quotes checked 2026-10-30
Paying by bank transfer from the US. The cheapest provider changes with the amount, so both $200 and $1,000 are shown. Ranked by what the recipient gets, which is what matters: the fee and the exchange-rate markup together.
| Provider | Recipient gets | Effective rate |
|---|---|---|
| Xoom | 13,078.3 PHP | 65.3915 PHP/USD |
| Remitly | 12,615.19 PHP (−3.54%) | 63.0759 PHP/USD |
| Instarem | 12,497.88 PHP (−4.44%) | 62.4894 PHP/USD |
| Wells Fargo | 12,337.84 PHP (−5.66%) | 61.6892 PHP/USD |
| Western Union | 12,272.97 PHP (−6.16%) | 61.9816 PHP/USD |
| Wise | 12,230.82 PHP (−6.48%) | 63.6889 PHP/USD |
| OFX | 11,918.77 PHP (−8.87%) | 61.1219 PHP/USD |
| PayPal | 11,909 PHP (−8.94%) | 61.0687 PHP/USD |
Collected and published by Wise, which is also a provider in the list. Source, 2026-10-30.
| Provider | Recipient gets | Effective rate |
|---|---|---|
| Xoom | 63,848.98 PHP | 63.849 PHP/USD |
| Remitly | 63,075.94 PHP (−1.21%) | 63.0759 PHP/USD |
| Instarem | 63,074.74 PHP (−1.21%) | 63.0747 PHP/USD |
| Wise | 62,933.55 PHP (−1.43%) | 63.6889 PHP/USD |
| Western Union | 61,858.23 PHP (−3.12%) | 61.9816 PHP/USD |
| Wells Fargo | 61,689.18 PHP (−3.38%) | 61.6892 PHP/USD |
| OFX | 60,816.29 PHP (−4.75%) | 61.1219 PHP/USD |
| PayPal | 60,763.92 PHP (−4.83%) | 61.0687 PHP/USD |
Collected and published by Wise, which is also a provider in the list. Source, 2026-10-30.
Because most of the cost hides in the exchange rate. A provider with a $0 fee and a 3% worse rate costs more than one with a $5 fee at the mid-market rate. "Recipient gets" captures both.
Fixed fees matter on $200 and vanish on $1,000, while rate markups scale with the amount. That is why Xoom wins at $200 and Xoom at $1,000 here.
No. They are quotes read on 2026-10-30 from the source linked above. Rates move daily; use them to pick a provider, then check the live quote before sending.
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Fees at an amount: PayPal $50 $100 $200 $250 $500 $1,000 $2,000 $5,000 · Stripe $50 $100 $200 $250 $500 $1,000 $2,000 $5,000 · Square $50 $100 $200 $250 $500 $1,000 $2,000 $5,000 · Venmo $50 $100 $200 $250 $500 $1,000 $2,000 $5,000