Best companies for PHP/NGN transfers
5 of 5 providers Last updated on 10 November 2026
Based on 14,700 PHP transfer Best companies for PHP/NGN transfers Sort Cheapest
Promoted Wise Pay via Bank transfer	Fee ₱93.67 1 PHP = 21.9009 NGN -2.46% vs mid-market	Recipient gets ₦319,891.77 Within minutes
25 reviews Multi-currency cardReceive to bank accountDedicated support for large transfers
Ways to receive money in Nigeria with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer ₱93.671 PHP = 21.9009 NGN ₦319,891.77You pay₱14,700.00
Run a live search Showing top Philippines to Nigeria deals for 14,700 PHP. Do a live search with your exact amount for today's best rates.
Run a live search Showing companies that send from a business account. Run a business search to get live PHP to NGN rates.
Run a live search These companies offer multi-currency accounts for spending NGN. We suggest doing a live search based on how much PHP you're planning to spend in Nigeria.
Run a live search These are managed services with real human support for large PHP transfers. Click the link and update the transfer amount to get the best deal.
Wise Pay via Bank transfer	Fee ₱93.67 1 PHP = 21.9009 NGN -2.46% vs mid-market	Recipient gets ₦319,891.77 Within minutes
25 reviews CheapestFastestOur top pick Multi-currency cardReceive to bank accountDedicated support for large transfers
Ways to receive money in Nigeria with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer ₱93.671 PHP = 21.9009 NGN ₦319,891.77You pay₱14,700.00
Grey Pay via Bank transfer	Fee ₱0.50 1 PHP = 19.6597 NGN +8.00% vs mid-market	Recipient gets ₦288,988.18 Minutes
0 reviews
Ways to receive money in Nigeria with Grey when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes ₱0.501 PHP = 19.6597 NGN ₦288,988.18You pay₱14,700.00
Send Money Between PayPal Accounts PayPal App (P2P Transfer) Pay via Bank transfer	Fee ₱588.00 1 PHP = 20.0871 NGN +6.00% vs mid-market	Recipient gets ₦283,469.35 Minutes
0 reviews
Ways to receive money in Nigeria with PayPal App (P2P Transfer) when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes ₱588.001 PHP = 20.0871 NGN ₦283,469.35You pay₱14,700.00
Send cash via a MoneyGram agent MoneyGram Agent Pay via Bank transfer	Fee ₱588.00 1 PHP = 20.0871 NGN +6.00% vs mid-market	Recipient gets ₦283,469.35 Minutes - 3 days
0 reviews
Ways to receive money in Nigeria with MoneyGram Agent when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 3 days ₱588.001 PHP = 20.0871 NGN ₦283,469.35You pay₱14,700.00
Send cash via a Western Union agent Western Union Agent Pay via Bank transfer	Fee ₱441.00 1 PHP = 19.8734 NGN +7.00% vs mid-market	Recipient gets ₦283,375.11 Minutes - 5 days
0 reviews
Ways to receive money in Nigeria with Western Union Agent when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 5 days ₱441.001 PHP = 19.8734 NGN ₦283,375.11You pay₱14,700.00
How Our Results Work Mid-market rate: 1 PHP = 21.3693 NGN Updates every 60 minutes.

Why compare

PHP/NGN exchange rate

Best ways to pay & receive

Transfer speed

How to send money from Philippines to Nigeria

Pick a company

For a one-off transfer from the Philippines, I suggest picking the cheapest option which is Wise.

Wise was the cheapest on 30 of the 30 days it quoted ₱14,700 transfers to Nigeria.

On a 14,700 PHP transfer, Wise delivers the most NGN.

This will change depending on how much you actually send, so I suggest running a live search to get the best PHP/NGN rate.

Use the filters above if your recipient needs cash rather than a bank deposit.

Fund your transfer

You have 1 ways to pay for the transfer: bank transfer.

Depending on the company, you can use InstaPay which takes seconds to deposit.

Above about a million pesos it goes through PESONet instead, which can take a day.

Verify and send

First time round you'll need a valid ID and your details to match it exactly.

Make sure you do it before you need to send NGN to avoid any delays.

Compare amounts

How much PHP are you sending to Nigeria?

How much PHP you send to Nigeria heavily affects the best ways and the cheapest options. Use the table below to check how the cheapest options change and how much more you'd get by comparing.

Our analysis shows Wise was the cheapest in 100% of all the transfers it quoted over the past month.


₱10,000	-2.56%	₱70.27	₦217,840.40with bank transfer to bank deposit	+₦19,157.57
₱14,700This page	-2.46%	₱93.67	₦319,891.77with bank transfer to bank deposit	+₦28,053.02
₱20,000	-2.53%	₱120.03	₦436,134.73with bank transfer to bank deposit	+₦38,595.09
₱50,000	-2.42%	₱269.28	₦1,089,978.03with bank transfer to bank deposit	₦0.00
₱100,000	-2.64%	₱518.05	₦2,183,469.63with bank transfer to bank deposit	₦0.00
₱400,000	-2.43%	₱2,010.57	₦8,730,853.32with bank transfer to bank deposit	+₦94,743.52

Mid-market rate: 1 PHP = 21.3693 NGN

PHP/NGN Exchange Rate History

Is today a good time to send money from Philippines to Nigeria?

The cheapest way to send PHP to NGN can change every day, or stay with the same company all month.

We've compared the mid-market rate with the cheapest option each day (today it's Wise), across 30 days of comparisons for 14,700 PHP transfers to Nigeria.

Each line shows what the recipient gets when you send ₱14,700, after fees, as quoted by each company. The mid-market line shows what ₱14,700 converts to at the real exchange rate, with no fees or markup. Rates are checked once a day. Sponsored placements never affect this data. There are no bank quotes for this period.

The dashed line is what you'd get at the mid-market rate with no fees, and the blue line is the cheapest option that day.

When the blue line goes above the dashed one, you're getting more NGN per PHP than the mid-market rate can offer.

This could be due to money transfer offers, FX rate adjustments, or market competitiveness.

In the past month, a money transfer company beat the mid-market rate on 30 of the last 30 days.

Right now, Wise pays 319,891.77 NGN on 14,700 PHP, which is 5,763.50 NGN more than the mid-market amount, so it's a good deal (pretty much free money).

Today's payout is the highest in the past month.

If you need to send money now, it's a good time to send.

Cheapest over time

Picking the cheapest money transfer company

Just because a company is the cheapest today doesn't mean it's always the best option for sending money to Nigeria.

We've tracked 176 comparisons to check how often today's top companies were the cheapest across 6 amounts over the past month.

WiseAppeared in 174 comparisons
Cheapest every time
GreyAppeared in 88 comparisons
Cheapest in 1% of them
PayPal App (P2P Transfer)Appeared in 88 comparisons
Never the cheapest

Based on 176 comparisons across 6 amounts over the last 30 days.

Different companies can come out cheapest depending on the day and the amount you send.

To keep things fair, we only count the comparisons each company appeared in, and only analyse companies that appeared in at least 50% of all comparisons (so occasional cheapest options don't skew it).

Today Wise is the cheapest and gets you the most NGN, and it was also the cheapest in 100% of the 174 comparisons it appeared in over the past month.

It's a good pick for both one-off and regular transfers to Nigeria.

Grey (today's second cheapest) was the cheapest in only 1% of its comparisons, so it's rarely the cheapest option for transfers to Nigeria.

Ways to send money from the Philippines to Nigeria

5 companies send money from the Philippines to Nigeria.

Visa and tuition payments

Online transfers

Online services work well for visa fees, tuition deposits and other payments you need to make before moving abroad.

Wise charges ₱93.67 in fees and -2.46% markup to send 14,700 PHP.

This will get you 319,891.77 NGN.

In our comparisons over the past month, it was the cheapest online service on 30 of the 30 days it quoted.

Traveling and spending

Multi-currency accounts

A multi-currency account is useful if you regularly pay tuition, rent or other bills in Nigeria, or if you travel to Nigeria often.

Wise lets you hold PHP and NGN in one account and converts 14,700 PHP with a -2.46% exchange-rate markup and small fee.

Over the past month, Wise came out cheapest among multi-currency accounts on 100% of days.

For freelancers

Global accounts

Global accounts help Philippine freelancers and businesses make regular payments to Nigeria.

Payoneer and Wise Business offer international account details, invoicing and batch payments.

Ways to fund PHP and receive NGN in Nigeria

With Wise, paying by bank transfer and receiving through bank deposit is the cheapest combination. Sending ₱14,700 gives your recipient 319,891.77 NGN.

To fund the transfer from the Philippines, use bank transfer.

Fund the PHP side through your bank

Use InstaPay for an eligible smaller payment or PESONet when the company supplies bank details.

Both rails send PHP domestically to the company's account before they send it to Nigeria.

GCash and Maya are mainly for domestic payments. GCash has an international transfer option, but it’s limited and usually costs more.

Your recipient in Nigeria can receive money by bank deposit.

1

Bank transfer Bank deposit

You pay ₱14,700.00

₦319,892

Cheapest

Check this before sending PHP to Nigeria

A few things to remember about money transfers from the Philippines to Nigeria.

Compare PHP/NGN transfer services

Cheapest way to send money to Nigeria

The cheapest option is Wise, funded by bank transfer with bank deposit for the payout. Your recipient gets 319,891.77 NGN, which is 9.66% more than the next best option.

Fastest way to send money to Nigeria

The fastest option is Wise. Pay by bank transfer and choose bank deposit for the payout. Your recipient gets 319,891.77 NGN, with collection available in within minutes.

A large gift can trigger donor's tax

The Philippines charges 6% donor's tax on total taxable gifts above PHP 250,000 in a calendar year.

The donor pays it, even when the person receiving the money lives abroad.

BIR Form 1800 is due within 30 days of the gift.

This does not make every family payment a taxable donation, but a large personal gift should be checked before sending.

The BIR's Form 1800 guidance explains the threshold, rate and filing deadline.

Philippine payment rails

InstaPay, PESONet, Maya, etc. move PHP between Philippine accounts only.

Some companies allow these as funding methods, but none of them can be used to send international transfers to Nigeria.

GCash can be used for international transfers, but it is limited and usually more expensive.

PDIC protection

PDIC protects eligible deposits held with a member bank.

It does not protect a transfer after the money has left your bank or a balance held with a non-bank transfer company.

If a BSP-supervised company does not resolve a complaint, you can escalate it through the BSP Online Buddy.

How we analyse the market

We track 5 BSP-supervised companies sending PHP to Nigeria, updated in real time on live searches.

Fees, exchange rates and the deposit and payout options are all compared, and nothing appears here without passing our review.

In the past 30 days alone, we analysed 176 comparisons across 6 amounts.

This page covers the cheapest and fastest options for PHP/NGN transfers. This is how we pick them:

Cheapest: the company that gets your recipient the most, after fees and the exchange rate. On a tie, live pricing from the company takes priority over the rates we collect by hand.
Fastest: the company with the shortest estimated delivery time once you’ve paid. On a tie, the one that pays out more takes priority.

Most pricing comes from the companies themselves. Where we collect it by hand, the table says so.

Any tax information is for general guidance only and does not constitute tax advice. Speak to a qualified tax adviser about your circumstances.

Send money from Philippines

Send money to Nigeria

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Mon, Oct 12, 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	21.1912	–	₦311,511.14
Wise Cheapest	21.7138	₱93.67	₦317,158.93	+₦5,647.79
Grey	19.4959	₱0.50	₦286,580.50	−₦24,930.64
PayPal App (P2P Transfer)	19.9198	₱588.00	₦281,107.65	−₦30,403.49

Tue, Oct 13, 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	21.1654	–	₦311,131.01
Wise Cheapest	21.7105	₱93.67	₦317,110.73	+₦5,979.72
Grey	19.4721	₱0.50	₦286,230.80	−₦24,900.21
PayPal App (P2P Transfer)	19.8955	₱588.00	₦280,764.63	−₦30,366.38

Wed, Oct 14, 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	21.1664	–	₦311,146.76
Wise Cheapest	21.6923	₱93.67	₦316,844.89	+₦5,698.13
Grey	19.4731	₱0.50	₦286,245.28	−₦24,901.48
PayPal App (P2P Transfer)	19.8965	₱588.00	₦280,778.83	−₦30,367.93

Thu, Oct 15, 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	21.0857	–	₦309,960.19
Wise Cheapest	21.5629	₱93.67	₦314,954.83	+₦4,994.64
Grey	19.3989	₱0.50	₦285,153.67	−₦24,806.52
PayPal App (P2P Transfer)	19.8206	₱588.00	₦279,708.07	−₦30,252.12

Fri, Oct 16, 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	21.1321	–	₦310,641.72
Wise Cheapest	21.5688	₱93.67	₦315,041.01	+₦4,399.29
Grey	19.4415	₱0.50	₦285,780.66	−₦24,861.06
PayPal App (P2P Transfer)	19.8642	₱588.00	₦280,323.09	−₦30,318.63

Sat, Oct 17, 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	21.1350	–	₦310,684.60
Wise Cheapest	21.5452	₱93.67	₦314,696.30	+₦4,011.70
Grey	19.4442	₱0.50	₦285,820.11	−₦24,864.49
PayPal App (P2P Transfer)	19.8669	₱588.00	₦280,361.79	−₦30,322.81

Mon, Oct 19, 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	21.1374	–	₦310,720.49
Wise Cheapest	21.5405	₱93.67	₦314,627.65	+₦3,907.16
Grey	19.4465	₱0.50	₦285,853.12	−₦24,867.37
PayPal App (P2P Transfer)	19.8692	₱588.00	₦280,394.17	−₦30,326.32

Tue, Oct 20, 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	21.0237	–	₦309,047.85
Wise Cheapest	21.5577	₱93.67	₦314,878.88	+₦5,831.03
Grey	19.3418	₱0.50	₦284,314.35	−₦24,733.50
PayPal App (P2P Transfer)	19.7622	₱588.00	₦278,884.78	−₦30,163.07

Wed, Oct 21, 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	21.0149	–	₦308,919.43
Wise Cheapest	21.4625	₱93.67	₦313,488.36	+₦4,568.93
Grey	19.3337	₱0.50	₦284,196.21	−₦24,723.22
PayPal App (P2P Transfer)	19.7540	₱588.00	₦278,768.89	−₦30,150.54

Thu, Oct 22, 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	20.9849	–	₦308,478.35
Wise Cheapest	21.4174	₱93.67	₦312,829.61	+₦4,351.26
Grey	19.3061	₱0.50	₦283,790.43	−₦24,687.92
PayPal App (P2P Transfer)	19.7258	₱588.00	₦278,370.87	−₦30,107.48

Fri, Oct 23, 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	20.9825	–	₦308,442.43
Wise Cheapest	21.4484	₱93.67	₦313,282.41	+₦4,839.98
Grey	19.3039	₱0.50	₦283,757.38	−₦24,685.05
PayPal App (P2P Transfer)	19.7235	₱588.00	₦278,338.45	−₦30,103.98

Sat, Oct 24, 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	20.9384	–	₦307,794.58
Wise Cheapest	21.4209	₱93.67	₦312,880.73	+₦5,086.15
Grey	19.2633	₱0.50	₦283,161.38	−₦24,633.20
PayPal App (P2P Transfer)	19.6821	₱588.00	₦277,753.83	−₦30,040.75

Mon, Oct 26, 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	21.0732	–	₦309,775.41
Wise Cheapest	21.4890	₱93.67	₦313,875.43	+₦4,100.02
Grey	19.3873	₱0.50	₦284,983.68	−₦24,791.73
PayPal App (P2P Transfer)	19.8088	₱588.00	₦279,541.33	−₦30,234.08

Tue, Oct 27, 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	20.9330	–	₦307,714.64
Wise Cheapest	21.6408	₱93.67	₦316,092.67	+₦8,378.03
Grey	19.2583	₱0.50	₦283,087.84	−₦24,626.80
PayPal App (P2P Transfer)	19.6770	₱588.00	₦277,681.70	−₦30,032.94

Wed, Oct 28, 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	20.9313	–	₦307,690.07
Wise Cheapest	21.5393	₱93.67	₦314,610.12	+₦6,920.05
Grey	19.2568	₱0.50	₦283,065.23	−₦24,624.84
PayPal App (P2P Transfer)	19.6754	₱588.00	₦277,659.52	−₦30,030.55

Thu, Oct 29, 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	21.0831	–	₦309,921.31
Wise Cheapest	21.6188	₱93.67	₦315,771.33	+₦5,850.02
Grey	19.3964	₱0.50	₦285,117.90	−₦24,803.41
PayPal App (P2P Transfer)	19.8181	₱588.00	₦279,672.99	−₦30,248.32

Fri, Oct 30, 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	21.1388	–	₦310,740.42
Wise Cheapest	21.5320	₱93.67	₦314,503.50	+₦3,763.08
Grey	19.4477	₱0.50	₦285,871.46	−₦24,868.96
PayPal App (P2P Transfer)	19.8705	₱588.00	₦280,412.15	−₦30,328.27

Sat, Oct 31, 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	21.1163	–	₦310,409.61
Wise Cheapest	21.4981	₱93.67	₦314,008.34	+₦3,598.73
Grey	19.4270	₱0.50	₦285,567.13	−₦24,842.48
PayPal App (P2P Transfer)	19.8493	₱588.00	₦280,113.63	−₦30,295.98

Mon, Nov 2, 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	21.1386	–	₦310,737.26
Wise Cheapest	21.4525	₱93.67	₦313,342.29	+₦2,605.03
Grey	19.4475	₱0.50	₦285,868.55	−₦24,868.71
PayPal App (P2P Transfer)	19.8703	₱588.00	₦280,409.30	−₦30,327.96

Tue, Nov 3, 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	21.1253	–	₦310,542.41
Wise Cheapest	21.6801	₱93.67	₦316,666.70	+₦6,124.29
Grey	19.4353	₱0.50	₦285,689.30	−₦24,853.11
PayPal App (P2P Transfer)	19.8578	₱588.00	₦280,233.47	−₦30,308.94

Wed, Nov 4, 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	21.1689	–	₦311,183.52
Wise Cheapest	21.6855	₱93.67	₦316,745.57	+₦5,562.05
Grey	19.4754	₱0.50	₦286,279.10	−₦24,904.42
PayPal App (P2P Transfer)	19.8988	₱588.00	₦280,812.01	−₦30,371.51

Thu, Nov 5, 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	21.3301	–	₦313,552.72
Wise Cheapest	21.8024	₱93.67	₦318,453.05	+₦4,900.33
Grey	19.6237	₱0.50	₦288,458.69	−₦25,094.03
PayPal App (P2P Transfer)	20.0503	₱588.00	₦282,949.97	−₦30,602.75

Fri, Nov 6, 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	21.3218	–	₦313,429.86
Wise Cheapest	21.7523	₱93.67	₦317,721.27	+₦4,291.41
Grey	19.6160	₱0.50	₦288,345.66	−₦25,084.20
PayPal App (P2P Transfer)	20.0425	₱588.00	₦282,839.10	−₦30,590.76

Sat, Nov 7, 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	21.3477	–	₦313,810.94
Wise Cheapest	21.7647	₱93.67	₦317,902.39	+₦4,091.45
Grey	19.6399	₱0.50	₦288,696.24	−₦25,114.70
PayPal App (P2P Transfer)	20.0668	₱588.00	₦283,182.99	−₦30,627.95

Mon, Nov 9, 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	21.3275	–	₦313,514.65
Wise Cheapest	21.7272	₱93.67	₦317,354.65	+₦3,840.00
Grey	19.6213	₱0.50	₦288,423.66	−₦25,090.99
PayPal App (P2P Transfer)	20.0479	₱588.00	₦282,915.62	−₦30,599.03

How to send money to Nigeria from the Philippines with the best PHP-NGN rate

Best companies for PHP/NGN transfers