How to send money to Australia from Philippines
The best way to send PHP to AUD | CurrencyFair |
The total number of Philippines to Australian Dollar providers | 3 |
The average cheapest way to send money from Philippines to Australia | CurrencyFair |
Best option for debit card transfers | Wise |
Best option for bank transfers | CurrencyFair |
You can always compare rates and fees based on your transfer amount and payment options when sending money.
The best way to send money from Philippines to Australia
We recommend using Wise for money transfers to Australia from Philippines.
We analyzed 3 providers that allow PHP to AUD transfers. Wise emerged as the best option in 61.9% of searches.
What’s the cheapest way to send money from Philippines to Australia?
Based on results from the last 3 months, of the 3 providers we list, the cheapest way to send money from the Philippines to Australia was CurrencyFair, and the average cheapest payment method was Bank Transfer.
CurrencyFair has averaged 0% cheaper than the next nearest provider for money transfers to Australia from Philippines.
Just to make you aware, Bank Transfer was the overall cheapest payment method.
The cheapest way to send money isn't always the fastest
Be sure to pick the right option, Instarem is the most cost effective way of sending, but make sure the timeframes work for you.
How the cost of sending money to Australia from Philippines is calculated
The cost of sending money from Philippines to Philippines depends on several things, including:
The mid-market rate
The current mid-market rate between PHP and AUD is 0.026229. The rate the time you transfer will impact your overall cost. As an example, CurrencyFair has averaged 0% below the mid-market rate over the last 3 months, generally making sending money a little cheaper before fees.
The markup and fee
Providers will often charge a markup on the rate, fees, or both, for transfers between Philippines and Australia. This is why Instarem is listed as our cheapest option - they offer the best combination of Philippine Peso to Australian Dollar (0) and fees (4).
Bank transfers from Philippines to Australia
Bank transfers are the most common way of sending PHP to Australia as they are secure, reliable, and convenient.
If you want to send Philippine Pesos to Australia through a bank transfer, CurrencyFair has been the top rated provider in our comparison system for the last 3 months, being recommended 99.6% of the time.
That’s because companies like CurrencyFair bypass the SWIFT network by relying on their own digital network of banks, making transfers faster and cheaper. As an example, CurrencyFair's transaction fees for Philippine Pesos into Australia have averaged significantly lower than banks for the last 3 months.
Credit card payments from Philippines to Australia
Sending money with a credit card is quick, convenient, and typically more secure than other methods, thanks to backing by the issuing party. Some users may even be able to rack up reward points when making large transactions.
If you want to send Philippine Pesos to Australia with a credit card, Wise has been the top rated provider in our comparison system for the last 3 months, being recommended 0.4% of the time.
Credit card payments are often classified as cash advances, which bring their own charges, not to mention currency conversion and usage fees. And forgetting to pay your balance can result in high interest charges or even damage your credit score.
Debit card payments from Philippines to Australia
Debit card payments let you send money from the Philippines to Australia with the similar convenience of a credit card, and there are usually no tax advance fees. That said, when sending money from a debit card, you might still face currency exchange fees, processing fees, and other expenses, making this a pricier option than a simple bank transfer.
If you want to send Philippine Pesos to Australia with a debit card, Wise has been the top rated provider in our comparison system for the last 3 months, recommended 0.4% of the time.
Finding the best exchange rate for PHP to AUD
The mid-market exchange rate changes daily, so timing your transfer can make a big difference to how many Australian Dollars you can get for your Philippine Pesos. The average Philippine Peso to Australian Dollar mid-market rate over the last month was 0.027, with a low of 0.0264 and a high of 0.0274.
For comparison, the best exchange rate for PHP to AUD right now is through CurrencyFair, at a difference of 0%.
How we find the best transfer deals from Philippines to Australia
We’ve compared the cost, speed, and product offering of the top money transfer services (including CurrencyFair) available between Australia and Philippines.
We also produce unbiased, detailed reviews of all the top money transfer companies for sending Philippine Peso to Australia, helping you in making smarter, simpler choices. We pride ourselves on our objective reviews, maintaining complete independence in our analysis and ratings.
Take a look at our comprehensive editorial policy for more information about our dedication to integrity and transparency.