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Companies for transfers from China to Philippines
"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."
"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."
Best option: Wise
We tested & reviewed 9 money transfer providers, and Wise scored highly in each category.
Over the last six months, Wise appeared in 86.3% of China to Philippines searches, and was the top rated company supporting money transfers between CNY and PHP.
For a great mix of cost, speed & features, transfer from China to Philippine Peso using Wise.
How to get the best deal on sending money from China to Philippines
- 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 China to the Philippines.
- Choose a provider
Select the provider that offers you the best value on buying PHP & 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
Understanding China to Philippines money transfers
Comparing providers when sending money from China to the Philippines is the easiest way to make a transfer at the best price.
We’ve compared 9 providers for sending Yuan Renminbi to Philippines. This ensures you will get the best options for your transfer to the Philippines from China.
We rate Wise as the best overall, but comparing gives you a comprehensive view of all the options for transferring money from China to the Philippines.
Cheapest way to send money from China to Philippines: Panda Remit
Our data shows, over the past six months, that Panda Remit is 0% than the second-best option when sending via a bank transfer.
This measure includes an average fee of 4* CNY and a CNY-PHP exchange rate for international transfers that is 0.3% different to the mid-market rate.
Securing the best rates on a CNY to Philippines transfer can be done with Panda Remit but you can always search for your specific amount.
*The most common fee applied by Panda Remit when sending CNY-PHP, based on data from the past six months.
Fastest money transfers to Philippines from China: Wise.
Through our research, we found Wise to be the quickest way to send CNY into Philippine Peso in 49.2% of instances. For fast transfers between CNY and PHP, Wise is generally a good option.
Money transfers from China to the Philippines through Wise have an average fee of 161.38 CNY.
To confirm that Wise was the 'fastest' option we compared 9 money transfer providers for overall speed of sending money from China to the Philippines. This was made up of depositing Yuan Renminbi to a money transfer account and transfer times to the Philippines.
When sending quickly is a priority, Wise is our recommended choice for sending into Philippines from China.
Transfer a large sum of money
From 9 money transfer companies compared, Wise is the best option for large transfers from China to the Philippines.
Whether it’s for property purchases, business or any other reason, sending large amounts of money from China 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 China because they offer a strong service and competitive exchange rates.
Understanding the cost of moving money from China to Philippines
The total cost of sending money to the Philippines from China, 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 CNY-PHP is 8.0936 PHP per Yuan Renminbi.
Finding a company offering an exchange rate closer to this will mean more Philippine Peso for your Yuan Renminbi.
The average CNY-PHP mid-market rate for the last three months has been 8.0604 PHP per Yuan Renminbi. This includes a high of 8.2393, and low of 7.8519.
Out of the 9 companies compared, Wise offers the best exchange rates.
The exchange rate you receive on converting CNY to PHP should be the biggest determining cost factor when transferring Yuan Renminbi 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. Panda Remit, with a fee average of 4 CNY 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 China will result in more money received in the Philippines.
Getting best exchange rate for transfers between Yuan Renminbi and Philippine Peso
Timing is essential for transferring money between CNY and PHP. The exchange rate you secure impacts how much PHP you get for your CNY.
The recent trends between the currencies are:
Over the past six months, the mid-market rate from CNY to PHP has moved slightly. On average, it was 8.0604.
During this same period,there was a high of 8.2393, and a low of 7.8519.
Wise, which is our recommended service to send money online from China to the Philippines offers an exchange rate that is only -0.02% above the mid-market rate.
Want to secure the best CNY-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 China to the Philippines!
Payment options for transfers from China to Philippines
Bank transfers
Bank transfers are often the fastest and cheapest way to send money from China to the Philippines.
Using a money transfer company such as Panda Remit for payments from China 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.
Panda Remit is the best money transfer provider for bank transfers of the 9 we compared when sending CNY to the Philippines.
With an average fee of 4 CNY to transfer money from China to the Philippines, Panda Remit offers a great combination of competitive exchange rates and lower fees.
Prepaid and debit cards
Sending money with a debit card from China to the Philippines is easy with Instarem.
Instarem is a leader in debit card money transfers from China to the Philippines. They are the best option of the 9 transfer companies compared.
Credit cards
When it comes to credit card transfers from China to the Philippines, is the top choice of the 9 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 China.
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 China to Philippines.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send CNY 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
