How to send money to Philippines from Spain with the best EUR-PHP rate

The locutorio on the corner has been sending money home for decades, and for families who need to collect cash the same day, this is the best way.

Pay Ria Money Transfer the €7,000 by card or transferencia, and they can collect cash in Philippines.

Worth noting, cash transfers are faster than online methods, but usually more expensive, so compare your options.

For medium sized or one-off transfers to Philippines, an online money transfer service funded from your bank account is better than any bank.

Ria Money Transfer turns €7,000 into 503,595 PHP with a €25 fee and -1.41% markup.

Currency brokers are best for sending €10,000+ to Philippines. This can be things like selling property, moving a pension, moving back home, etc…

CurrencyFair charges no fee and works on a margin (~0.59% on EUR/PHP), with a person on the phone, and offices in Spain if you'd rather sit down with someone.

If you often receive PHP (things like pensions, payments, salary, dividends, etc…), this is the best way to do it.

Because a multi-currency account gives you account details to receive PHP like a local and you can exchange it to EUR at any time.

The best multi-currency account in Spain with PHP support is offered by Wise.

For example, converting €7,000 gets you 494,827.33 PHP.

Companies like Wise Business, Payoneer, or Airwallex are best suited for businesses in Spain making payments to Philippines.

You can pay suppliers and freelancers, process invoices, make batch payments, and much more.