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Companies for transfers from Micronesia 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 3 money transfer providers, and Wise scored highly in each category.
Over the last six months, Wise appeared in 100% of Micronesia to Philippines searches, and was the top rated company supporting money transfers between USD and PHP.
For a great mix of cost, speed & features, transfer from Micronesia to Philippine Peso using Wise.
How to get the best deal on sending money from Micronesia 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 Micronesia 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
Considerations for money transfers from Micronesia to Philippines
Comparing providers offering services between Micronesia and the Philippines, based on your specific needs is the best way to send money with confidence.
Our comparison includes 3 companies that provide the ability to send US Dollar to Philippines.
This ensures you get the best options for transfers to the Philippines from Micronesia, based on the amount you want to send.
Cheapest way to transfer money from Micronesia to Philippines: Wise
Data collected over the past six months shows that Wise is 3.2% cheaper than the second-best option.
This includes an average transfer fee of 0.16* USD an exchange rate for buying Philippine Peso with US Dollars that is 0.04% different to the mid-market rate.
If you want to secure the best rates on transfers from Micronesia to Philippines, Wise will result in the most Philippine Peso received.
*The most common fee applied to USD-PHP by Wise, based on data from the past six months.
Fastest way to transfer money to Philippines from Micronesia: Wise.
Through our data, we found Wise to be the fastest option for sending money from Micronesia into Philippine Peso in 63.6% of occasions. For fast USD to PHP money transfers, Wise comes highly recommended.
Micronesia to the Philippines transfers with Wise have an average fee of 38.46 USD.
To test that Wise was the 'fastest' option we compared 3 providers. With this, we compared overall speed of sending money from Micronesia to the Philippines made up of depositing US Dollars, to a money transfer account and transfer times to the Philippines.
When sending at speed is a priority, Wise is our recommended choice for sending into Philippines from Micronesia.
Transfer a large sum of money
From 3 money transfer companies compared, Wise is the best option for large transfers from Micronesia to the Philippines.
Whether it’s for property purchases, business or any other reason, sending large amounts of money from Micronesia 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 Micronesia because they offer a strong service and competitive exchange rates.
Understanding the cost of moving money from Micronesia to Philippines
The total cost of sending money to the Philippines from Micronesia, 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 USD-PHP is 59.0735 PHP per US Dollar.
Finding a company offering an exchange rate closer to this will mean more Philippine Peso for your US Dollar.
The average USD-PHP mid-market rate for the last three months has been 57.5262 PHP per US Dollar. This includes a high of 59.0235, and low of 0.0045.
Out of the 3 companies compared, Wise offers the best exchange rates.
The exchange rate you receive on converting USD to PHP should be the biggest determining cost factor when transferring US 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. Instarem, with a fee average of 0.16 USD 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 Micronesia will result in more money received in the Philippines.
Getting the best exchange rate for US Dollar to Philippine Peso
Tracking the mid-market rate can make a huge difference when sending money USD to PHP. The exchange rate you secure impacts how much PHP you get for your USD.
Here's some data on recent trends in the mid-market rate.
Over the past six months, the interbank rate from USD to PHP has seen some fluctuation. On average, it has been 57.5262.
During this period, the highest value level was 59.0235, with a low of 0.0045.
Wise, which is our recommended service to send money online from Micronesia to Philippines offers an exchange rate that is only 0.02% above the mid-market rate.
Want to secure the best USD-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 Micronesia to Philippines!
Payment options for transfers from Micronesia to Philippines
Bank transfers
Bank transfers are often the fastest and cheapest way to send money from Micronesia to the Philippines.
Using a money transfer company such as Wise for payments from Micronesia 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 3 we compared when sending USD to the Philippines.
With an average fee of 21.98 USD to transfer money from Micronesia 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 Micronesia to the Philippines is easy with Instarem.
Instarem is a leader in debit card money transfers from Micronesia to the Philippines. They are the best option of the 3 transfer companies compared.
Credit cards
When it comes to credit card transfers from Micronesia to the Philippines, Instarem is the top choice of the 3 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 Micronesia.
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 Micronesia to Philippines.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send USD 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
