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Send money from the US to the Philippines online
"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
"Xe has over 30 years of currency exchange experience, and is one of the most reputable names on the market. 200 countries, 100 currencies, & funds often received in seconds."
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"Regency's UK-based account management team has vast experience. Get support on all kinds of transfers, from overseas property transactions to business payments & more."
"Securely send money to and from 150+ countries and 20+ currencies. Same-day transfers avaialble on most major currencies."
"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
"Xe has over 30 years of currency exchange experience, and is one of the most reputable names on the market. 200 countries, 100 currencies, & funds often received in seconds."
"Remitly focuses on sending money to friends and family in Asia, Africa and South America. Wide coverage and well-suited to regular transfers home."
BarclaysRecipient gets (PHP)₱552,560.87Not recommended
Capital OneRecipient gets (PHP)₱548,259.60Not recommended
PayPalRecipient gets (PHP)₱525,780.96Not recommended
"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
"Xe has over 30 years of currency exchange experience, and is one of the most reputable names on the market. 200 countries, 100 currencies, & funds often received in seconds."
Managing business payments between the US and the Philippines?
In our experience, there are always efficiencies to be made in how businesses manage payments between the Philippines and the US.
Why not take our free FX health check test to see how effective your business is in managing these? It only takes a couple of minutes.
Compare today's USD to PHP (US Dollar to Philippine Pesos) exchange rates
The key to lower fees is understanding the mid-market rate. The mid-market rate is how much your USD is worth in PHP. This value is the ‘real’ exchange rate that constantly moves around and directly affects how much PHP you will receive. The best rate to send money to the Philippines is when USD/PHP reaches the highest value (which is 57.2055).
Over the last 7 days, we’ve seen:
The USD-PHP exchange rate average at 57.0078 Philippine peso per USD.
The highest rate to send money to the Philippines was 57.2055 PHP, while the lowest was 56.6895 PHP per dollar.
There are currently 11 providers offering USD-PHP transfers close to this rate.
It is hard to predict the best day and time to send money to the Philippines, however, waiting a day or two can result in a better rate and more PHP on the other end.
Want to secure the best USD-PHP deals?
Sign up for our rate alerts and we'll tell you when it's the best day and time to buy Philippine pesos.
Latest USD to NGN Conversion Rates
Here are the latest USD-PHP exchange rates for popular conversion amounts. These are the ‘real’ exchange rates, the actual payout will vary depending on the money transfer company used.
| USD | PHP Price |
|---|---|
| 1 USD | 57.11 |
| 10 USD | 571.10 |
| 50 USD | 2855.52 |
| 100 USD | 5711.04 |
| 1000 USD | 57110.38 |
| 100000 USD | 5711037.50 |
| PHP | USD Price |
|---|---|
| 1 PHP | 0.02 |
| 10 PHP | 0.18 |
| 50 PHP | 0.88 |
| 100 PHP | 1.75 |
| 1000 PHP | 17.51 |
| 100000 PHP | 1751.00 |
How much does it cost to send money to the Philippines?
The total cost of sending PHP from the US is made of a combination of fees and exchange rate markup.
The exchange rate markup is what transfer companies (including banks and apps) add on top of the ‘real’ USD/PHP rate.
Based on our analysis of 11 companies offering USD to PHP transfers, Wise offers the best deal with no exchange rate markup and very low fees on PHP transfers.
Based on our analysis, banks charge around 4-7% exchange rate markup and have much higher fees ranging from $25 - $75 per transfer.
About money transfers to the Philippines from the US
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Ways to send money to the Philippines from the USA
Philippines remains a cash-based society event in 2025, however, almost 33% of the population now use mobile apps and e-wallets.
This is why it is important to consider how are you going to make the transfer (to save on fees) and how your recipient will receive it.
Money transfer companies
Money transfer services like Remitly and Wise are the best way to send money from the US to the Philippines.
These companies use local accounts in the Philippines to move your USD without crossing the borders. It simply means you put USD into one account, and money is withdrawn from another account in the Philippines in PHP.
Apps & mobile money
A third of the population in the Philippines uses mobile money apps and e-wallets.
These apps allow you to send, convert, and spend money in PHP as a native. However, they tend to offer slightly worse exchange rates compared to money transfer companies due to the convenience they offer.
The best apps to send money to the Philippines from the US are:
Wise
GCash
stc pay
Maya
It’s worth noting that most money transfer companies will also have an app, and many will accept mobile apps as a payment method.
Zelle, Venmo, and Cash App are US-based apps for local (domestic) transfers and cannot be used to send money to the Philippines.
In-person & cash transfer
Cash transfer is probably the most popular way to send USD to the Philippines, considering how many people still rely on it.
There are many large and local money transfer companies offering cash transfer services, and with many, you can send money online for cash pick up or cash delivered in the Philippines.
Usually, cash transfers are a bit more expensive than online transfers, especially, if you are scheduling a cash delivery (which is usually the most expensive option in the Philippines).
We’ve analyzed all the best cash transfer services, and here’s what we found:
Cash transfer service
Amount received
Transfer time
Western Union
117,719.20 PHP
Instant
MoneyGram
114,894.90 PHP
Instant
Xoom
113616.20
Within hours
*The information is accurate as of February 2025 and is based on a bank account deposit and cash pick-up delivery of $10,000 to PHP.
If you are in the Philippines and need to exchange USD for PHP, Palawan Pawnshop, Cebuana Lhuillier, or Western Union branches are good options.
Avoid using banks as they will have higher exchange rate markup and higher fees.
Multi-currency account
In the US, multi-currency accounts are becoming increasingly popular, especially with companies like Wise and Revolut.
These let you store multiple currencies under one account, where you can exchange USD to PHP at any time, and transfer at any time.
PayPal
PayPal is a popular transfer option but we do not recommend it, simply because it is really expensive compared to other options.
PayPal makes sense to use if you are using your existing PHP balance or using your PayPal USD (PYUSD) account to fund your Xoom transfer (which is always free, even for cash pickups).
Wire and bank account transfers
Avoid sending Wire transfers from the US banks to the Philippines. It is much more expensive than all the options above, as high-street banks tend to add 4-7% markup and charge up to $100 per transfer.
If you need to send money to a Philippines bank account, we recommend using a money transfer service instead and connecting your bank account to it.
Ways to receive money in the Philippines
This is the most common withdrawal method and is usually the cheapest option. Depending on the amount of USD you send, it might take a bit longer but usually is almost instant.
All money transfer companies support this delivery method, and will likely process your transfer as an ACH transfer (which is cheaper compared to SWIFT transfers).
The recipient will have PHP land in their account without them needing to do anything.
The best way to send money to the Philippines from the USA is a bank transfer with Wise
Our analysis of 11 companies shows that Wise is the premier service for sending money to the Philippines from the US.
The biggest standout feature of Wise is its commitment to using the mid-market exchange rate for USD-PHP conversions.
This means when you send USD to the Philippines, you will get 57.1104 PHP per US Dollar, without any hidden fees eating into the amount your recipient gets.
Wise fees are clear and transparent, you will know exactly how much the receiver will get. For example, a $10,000 to PHP transfer would cost you $63.7 in total vs $45 with Bank of America in fees alone.
Wise also offers a highly useful multi-currency account, ideal for those who juggle finances in more than one currency.
You can hold, manage, and send money in multiple currencies, all within one account. This flexibility is a game-changer for many users, making international financial management a breeze.
Wise is fair, and transparent, and often leads to significant savings compared to traditional banks or other money transfer services.
Watch our Wise video review
The cheapest way to send money to the Philippines from the USA is with Regency FX via the bank transfer
Regency FX offers the best rates and lowest fees for USD to PHP conversion and transfers.
They offer a fee of 0* USD and an exchange rate markup of 0.27% on top of the ‘real’ USD-PHP rate.
*The most common fee applied to USD-PHP by Revolut.
The fastest way to send money to the Philippines from the US is with XE
Our analysis shows that XE stands out as the fastest service for sending money to the Philippines.
Most of the USD to PHP transfers will arrive within minutes with XE, which is similar to Wise.
However, one of the most appealing aspects of using XE is the absence of transfer fees for amounts over $500, as well as, uncapped transfer limits out of all 18 providers.
This feature is a game-changer for those who regularly send large sums of money, as it significantly reduces the cost, and will still arrive within minutes to the Philippines.
XE is still slightly more expensive than Wise due to the exchange rate markup, but if you need PHP fast, this is your best option.
For example, a $5,000 transfer with XE will get you ₱288,320 within minutes vs ₱288,547.03 with Wise in one business day.
This flexibility, combined with the convenience of a user-friendly platform, makes XE a reliable and efficient choice for PHP transfers from the US.
Whether you're supporting family back home or managing business transactions, XE provides a swift and secure service that you can count on.
The easiest way to send money to the Philippines from the US is with Wise
The ease of use of the Wise app cannot be overstated. Designed with user experience in mind, the app makes it straightforward to send money on the go.
Its intuitive interface ensures that whether you're a tech guru or someone who prefers simplicity, you'll find managing and sending USD to the Philippines hassle-free.
This, combined with the real-time tracking feature, gives you peace of mind, knowing exactly where your money is and when it arrives in the Philippines.
Sending over $20,000 to the Philippines?
Regency FX is the best option for large PHP transfers from the US
Regency FX is a currency broker with bespoke exchange rates and fees.
Every transfer will be handled individually, by your dedicated account manager. This means, that if you have any questions, concerns, or need to negotiate the rates, you will speak to the real human within minutes of your request.
With the large transfers to the Philippines, you need to prioritize the support, safety, and fees involved.
Regency FX will give you exactly that, and more, for every transfer you make.
How to send money from the USA to the Philippines online
Considering the cash dominance in the Philippines, you will likely want to send a cash transfer for pick up in the Philippines. Here is a step-by-step guide on how to make a cash transfer with Western Union.
- Sign up and add transfer details
Navigate to the site or download the app and follow the registration steps.
Select “Send money” in the menu and pick the Philippines as your destination, USD as your currency, and enter the amount.
From there, select “Cash pick up” as the receiving method and “Debit Card” as the payment method (it is the fastest).
- Add payment and receiver details
Fill in the receiver details such as name and surname, followed by your card or bank details depending on the method you picked.
You may be asked to verify your account. For this, you will need to add your ID document details (passport, state ID, driver’s license, etc…).
Once approved, review your transfer and hit the send money button. Make sure to note down the transfer number and give it to the recipient.
- Pick up cash in the Philippines
With Western Union, pesos will be ready for collection within minutes of the USD transfer.
The receiver will need to visit their local Western Union branch and have their ID with them (passport, PhilID, or ePhilID). Their name on the document must match the one you added during the transfer process.
They will also need to provide the transfer number, and how much they are expected to receive.
USA to the Philippines money transfer payment methods
Bank transfers
Bank transfer is the most popular deposit option in the US because most transfers are made via ACH which is cheap and quick.
Based on the analysis of 11 companies supporting the Philippines, we found Wise and Revolut to offer the best USD-PHP rates.
Either option is great for one-off transfers, recurring transfers, or traveling from the US to the Philippines.
For larger transfers, we recommend using Regency FX or XE with bank transfers, their limits are higher, support is better, and much more responsive.
Debit cards, credit cards, and pre-paid cards
Debit card payments are quicker than bank transfer deposits but are a bit more expensive. This is because most US terminals charge a small fee, so for the companies, it is more expensive to run.
We found Xe to be the best company to use with a debit card.
You can also use a credit card to deposit USD and receive PHP, but it is much more expensive, as the deposit will count as a cash advance, incurring additional cash advance fees.
Mobile money apps
Besides cash, mobile money is the most popular payment method in the Philippines.
If you are from the Philippines and have your e-wallet with you, such as GCash, M-PESA, or Maya, you can use it to fund the transfer with WorldRemit and Wise.
What’s better, with Wise you can send money to GCash as well, making it more convenient for the recipient.
Apple Pay & Google Pay
While GCash and Maya are popular in the Philippines, Google Pay and Apple Pay are popular in the US.
You can use both to fund your transfer at most of the 11 money transfer companies servicing transfers from the US to the Philippines.
The process is slightly different because you can’t use these to fund the transfer directly, instead, you will use Apple Pay and Google Pay to top-up your balance, and use the balance to fund the transfer.
We recommend using Wise or Western Union depending on how you want the money delivered in the Philippines.
Cash
Cash deposits are not as popular in the US as they are in the Philippines, however, it is still a viable deposit option.
Although you can’t send a money order to the Philippines, you can use cash to fund your transfer in the physical store.
All you need to do is visit your local Western Union, MoneyGram, or Ria Money Transfer branch, provide the details, and hand over the cash to pay for the transfer.
Cash transfers and the fees are paid in USD on top of the amount you are sending.
Need to send money from the US to a Filipino bank account?
You don’t need to use your bank to send money to a Filipino bank account. Using your bank to wire money to a Filipino bank account will be much more expensive.
Instead, use a money transfer service like Wise to link your bank account and send money directly to major banks in the Philippines, including BDO, IBC, LBP, Metrobank, BPI, and others.
Tips for sending money from the USA to the Philippines
There is no limit on how much money you can send to the Philippines, as well as, there is no legal limit on how much you can send from the US.
The main limits to be aware of are the limits imposed by the transfer method you use. In our experience, money transfer companies offer the highest limits.
Here’s a quick overview:
Western Union will cap the transfer at $19,000 to the Philippines
Wise will cap the receiving amount at 9,000,000 PHP (around 155,000 USD)
XE has no transfer limit, however, for transfers over $423,000 you will need to contact them directly instead of using the online portal
Bank of America is limited to $1,000 per transaction
In addition, if you’re sending over $10,000 to the Philippines, the transfer will be submitted to and reviewed by the IRS.
Tax obligations on money transfers to Philippines
Money transfers from the US to the Philippines are not taxed by themselves, however, the key here is the nature of the transfer.
Depending on the nature of the transfer, there may be tax obligations in the Philippines including gift tax, business tax, income tax, capital gains tax, or estate tax.
Personal remittance
Personal money transfers from the US are not taxed in the Philippines, so most senders and recipients will not need to pay direct taxes on remittances to the Philippines.
Receiving gifts
The Philippines has implemented strict guidelines on gifts from abroad, the US included.
For any gifts over ₱250,000 (~$5,000), there is a 6% tax rate.
If you are sending over $15,000 to the Philippines in a single year (be it one-off or multiple small transfers), you may also be subject to gift tax on the excess.
However, there are exemptions that many Filipino expats in the US will fall under. If you are sending money for:
If you make a transfer to a minor dependent child, meaning the remittance is for the sole benefit of the child, you may be exempt from the gift tax.
If you send money to family members and it’s under $15,000 (for example sending $5,000 to your sister and $8,000 to your father), you may be exempt from the gift tax.
If you send money to your own bank account in the Philippines. But as we’ve mentioned before, any transfer over $10,000 must be reported to the IRS and the transfer may be subject to other guidelines.
Please note, that this is for general information only, make sure to consult your tax advisor before making any transfers to the Philippines if you are unsure.
Income taxes
Any transfers from America to the Philippines representing any type of earning (such as earnings from employment or freelancing, profits from a business, payments for services and goods, etc…) are considered taxable income.
Income tax brackets vary, but here is the general summary:
Amount of Net Taxable Income (PHP) | Tax Rate |
|---|---|
₱250,000 and below | 0% |
Over ₱250,000 – ₱400,000 | 15% of the excess over ₱250,000 |
Over ₱400,000 – ₱800,000 | ₱22,500 + 20% of the excess over ₱400,000 |
Over ₱800,000 – ₱2,000,000 | ₱102,500 + 25% of the excess over ₱800,000 |
Over ₱2,000,000 – ₱8,000,000 | ₱402,500 + 30% of the excess over ₱2,000,000 |
Over ₱8,000,000 | ₱2,202,500 + 35% of the excess over ₱8,000,000 |
Filipino nationals working abroad
Filipinos working abroad and sending money home to family will be exempt from Filipino income taxes as long as they are registered with the Philippine Overseas Employment Administration (POEA).
Those who are registered with POEA, are treated as Overseas Filipino Workers (OFWs) who are exempt from Filipino income taxes.
Business transfers
If you have a business in the Philippines and send money from the US, the government takes 20-25% of any after-tax profits.
This is because the transfer is usually much larger which makes it cheaper, and the individuals involved in the transfer do not rely on these payments directly.
There are a lot of nuances and earning brackets involved, please consult with your tax advisor before proceeding with large business payments.
This information is intended for general guidance and should not be taken as professional tax advice. Please speak to a tax professional for more information.
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available in Philippines.
Our comparison engine and algorithms evaluate providers based on over 25 factors, including transfer fees, ease of use, exchange rates, mobile apps, transfer times & customer support.
We also consider how these services are rated on platforms like TrustPilot, AppStore, and Google Play, giving you a comprehensive view of what to expect.
This thorough analysis helps you get the best available deal - every time you want to move money to Philippines.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to find the best service for your needs when sending money to Philippines
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
Money transfer company reviews
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