How to send money to Philippines from Australia
The best way to send AUD to PHP | Wise |
The total number of Australia to Philippine Peso providers | 7 |
The average cheapest way to send money from Australia to Philippines | Instarem |
Best option for debit card transfers | Instarem |
Best option for bank transfers | Wise |
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 Australia to Philippines
We recommend using Wise for money transfers to Philippines from Australia.
We analyzed 7 providers that allow AUD to PHP transfers. Wise emerged as the best option in 66.7% of searches.
What’s the cheapest way to send money from Australia to Philippines?
Based on results from the last 3 months, of the 7 providers we list, the cheapest way to send money from the Australia to Philippines was Instarem, and the average cheapest payment method was bankTransfer.
Instarem has averaged 0.7% cheaper than the next nearest provider for money transfers to Philippines from Australia.
Just to make you aware, bankTransfer 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 Philippines from Australia is calculated
The cost of sending money from Australia to Australia depends on several things, including:
The mid-market rate
The current mid-market rate between AUD and PHP is 36.700526. The rate the time you transfer will impact your overall cost. As an example, Wise has averaged -0.05% 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 Australia and Philippines. This is why Instarem is listed as our cheapest option - they offer the best combination of Australian Dollar to Philippine Peso (0.03) and fees (20.4).
Bank transfers from Australia to Philippines
Bank transfers are the most common way of sending AUD to Philippines as they are secure, reliable, and convenient.
If you want to send Australian Dollars to Philippines through a bank transfer, Wise has been the top rated provider in our comparison system for the last 3 months, being recommended 56.9% of the time.
That’s because companies like Wise bypass the SWIFT network by relying on their own digital network of banks, making transfers faster and cheaper. As an example, Wise's transaction fees for Australian Dollars into Philippines have averaged significantly lower than banks for the last 3 months.
Credit card payments from Australia to Philippines
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 Australian Dollars to Philippines with a credit card, Instarem has been the top rated provider in our comparison system for the last 3 months, being recommended 50% 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 Australia to Philippines
Debit card payments let you send money from the Australia to Philippines 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 Australian Dollars to Philippines with a debit card, Instarem has been the top rated provider in our comparison system for the last 3 months, recommended 50% of the time.
Finding the best exchange rate for AUD to PHP
The mid-market exchange rate changes daily, so timing your transfer can make a big difference to how many Philippine Pesos you can get for your Australian Dollars. The average Australian Dollar to Philippine Peso mid-market rate over the last month was 36.6935, with a low of 36.4949 and a high of 37.0929.
For comparison, the best exchange rate for AUD to PHP right now is through Wise, at a difference of -0.02%.
How we find the best transfer deals from Australia to Philippines
We’ve compared the cost, speed, and product offering of the top money transfer services (including Wise) available between Philippines and Australia.
We also produce unbiased, detailed reviews of all the top money transfer companies for sending Australian Dollar to Philippines, 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.