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Best option: Wise
We tested & reviewed 4 money transfer providers, and Wise scored highly in each category.
Over the last six months, Wise appeared in 100% of Bermuda to Philippines searches, and was the top rated company supporting money transfers between BMD and PHP.
For a great mix of cost, speed & features, transfer from Bermuda to Philippine Peso using Wise.
How to get the best deal on your Bermuda to Philippines transfer
- Always compare rates
Don't pay more than you have to. Use our live comparison tool to make sure you aren't missing the best rates to send money from Bermuda to Philippines.
- Choose a provider
Select the provider that offers you the best value & service for your needs
- Click, sign up & send
Follow the steps & make your transfer. Your funds will soon be on their way to your chosen country & currency.
Summary of recent searches
Important things to consider before sending money from Bermuda to Philippines
Don't settle for the first option. Always compare ways to send money from Bermuda to Philippines to find out about fees, speed, and reliability.
Our analysis included 4 providers that operate between Bermuda and Philippines.
Through this, you get a comprehensive view of all the options you have in Bermuda when you need to send money to Philippines.
Cheapest way to send money to Philippines from Bermuda: Wise
Data collected over the past six months shows that Wise is 0% cheaper than the second-best option.
The $13.06 transfer cost represents the most common fee for BMD to PHP international transfers, based on data from the past six months.
If you want to secure the best rates on a BMD to Philippines transfer, make sure you pick Wise to send your money online.
*The most common fee applied to BMD-PHP by Wise, based on data from the past six months.
Fastest way to send money from Bermuda to Philippines: Wise
Our data shows that Wise came up as the fastest way to send money from Bermuda to Philippines in 100% of searches. This makes them well suited to urgent BMD to PHP money transfers.
The 'fastest' way to send money is defined by the overall speed of sending money from Bermuda to Philippines - this includes deposit, transfer and withdrawal timeframes and often differs per currency.
When speed matters, Wise is your best choice at the moment. This service emerged as the quickest way to send money to Philippines from Bermuda in 100% of the searches on MoneyTransfers.com over the past six months.
Transfer a large sum of money
From 4 money transfer companies compared, Wise is the best option for large transfers from Bermuda to the Philippines.
Whether it’s for property purchases, business or any other reason, sending large amounts of money from Bermuda to the Philippines can become expensive if you use a bank, or the wrong provider.
Wise is the top choice for sending large sums of money to the Philippines from Bermuda because they offer a strong service and competitive exchange rates.
Understanding the cost of moving money from Bermuda to Philippines
The total cost of sending money to the Philippines from Bermuda, is made-up of a combination of fees and exchange rates. Sending with a company that can offer a good deal on both ensures a good deal on your transfer.
The Mid-Market and Exchange Rates: Currently, the mid-market for BMD-PHP is 57.8765 PHP per Bermudian Dollar.
Finding a company offering an exchange rate closer to this will mean more Philippine Peso for your Bermudian Dollar.
The average BMD-PHP mid-market rate for the last three months has been 56.902 PHP per Bermudian Dollar. This includes a high of 58.4415, and low of 55.5635.
Out of the 4 companies compared, Wise offers the best exchange rates.
The exchange rate you receive on converting BMD to PHP should be the biggest determining cost factor when transferring Bermudian Dollar to the Philippines.
Fees: Transfer fees may have to be paid alongside the transfer, either as a set fee or a percentage of the transfer. Wise, with a fee average of 13.06 BMD per transfer over the last 6 months, offers the lowest fees overall. Although, you should search for your send amount for actual fees.
Amount Received: Money transfer companies will show you the amount of Philippine Peso eventually received in the Philippines.
A lower cost of sending from Bermuda will result in more money received in the Philippines.
How to find the best exchange rate for Bermudian Dollar to Philippine Peso
Timing is essential for sending money between BMD and PHP. The exchange rate you secure impacts how much PHP you get for your BMD.
Let's dive into some interesting recent trends.
Over the past six months, the exchange rate from BMD to PHP has seen some fluctuation. On average, it stood at 56.902.
During this period, the highest value recorded was 58.4415, while the lowest was 55.5635.
Wise, which is our recommended service to send money online from Bermuda to Philippines offers an exchange rate that is only 0.1% above the mid-market rate.
Want to secure the best BMD-Philippine Peso exchange rates?
Sign up for our rate alerts and we'll tell you when it's the best time to move your money from Bermuda to Philippines!
Payment options for transfers from Bermuda to Philippines
Bank transfers
Bank transfers are often the fastest and cheapest way to send money from Bermuda to the Philippines.
Using a money transfer company such as Wise for payments from Bermuda to the Philippines, means you can send via a bank transfer and benefit from lower fees and more favorable exchange rates than you would get with a traditional bank.
Wise is the best money transfer provider for bank transfers of the 4 we compared when sending BMD to the Philippines.
With an average fee of 10.51 BMD to transfer money from Bermuda to the Philippines, Wise offers a great combination of competitive exchange rates and lower fees.
Prepaid and debit cards
Sending money with a debit card from Bermuda to the Philippines is easy with Instarem.
Instarem is a leader in debit card money transfers from Bermuda to the Philippines. They are the best option of the 4 transfer companies compared.
Credit cards
When it comes to credit card transfers from Bermuda to the Philippines, is the top choice of the 4 companies offering this service.
Fee alert: using a credit card to transfer money internationally often results in a fee being charged by your card issuer. That's why we recommend bank transfer or debit card instead.
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Philippines and Bermuda.
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 from Bermuda to Philippines.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send BMD to PHP.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
Money transfer company reviews
