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Companies for transfers from South Korea to Philippines
"OFX have been helping individuals and businesses send money for over 25 years. Transfer in 50+ currencies to 170+ countries, with 24/7 phone access to currency experts."
"OFX have been helping individuals and businesses send money for over 25 years. Transfer in 50+ currencies to 170+ countries, with 24/7 phone access to currency experts."
Best option: Panda Remit
We tested & reviewed 6 money transfer providers, and Panda Remit scored highly in each category.
Over the last six months, Panda Remit appeared in 70% of South Korea to Philippines searches, and was the top rated company supporting money transfers between KRW and PHP.
For a great mix of cost, speed & features, transfer from South Korea to Philippine Peso using Panda Remit.
How to get the best deal on sending money from South Korea to Philippines
- Always compare rates
Don't pay more than you need to. Use our live comparison tool to get an overall cost of exchange rates and fees when sending money from South Korea to Philippines.
- Choose a provider
Select the provider that offers you the best value & service for transfers between South Korea and Philippines.
- Click, sign up & send
Follow the steps & start your transfer. Your funds will soon be on their way to the Philippines.
Summary of recent searches
What to consider ahead of money transfers from South Korea to Philippines
Comparing based on your specific needs is the best way to send money from South Korea to the Philippines with confidence.
Our analysis, and search results, include 6 providers that operate between South Korea and the Philippines. These are ranked by speed, overall cost and ease of use.
Through this, you get a comprehensive view of all the options you have in South Korea when you need to send money to the Philippines.
Cheapest way to send money from South Korea to the Philippines: Panda Remit
On average, Panda Remit fees were 4* KRW per transfer and customers would expect an exchange rate between KRW-PHP that is 0.3% different to the mid-market rate
Against the others tested, Panda Remit is 0% cheaper than the second-best option.
To secure a cheap way to transfer KRW to the Philippines, Panda Remit is our recommendation.
*The most common fee applied to KRW-PHP by Panda Remit, based on data from the past six months.
Fastest way to send money to the Philippines from South Korea: Panda Remit.
In our comparison, we found Panda Remit to be the fastest way to send Wons to Philippine Peso in 79.4% of transfers. For quick transfers between KRW and PHP, Panda Remit comes highly recommended.
Sending money from South Korea to the Philippines through Panda Remit has an average fee of 4 KRW.
To find the fastest company, we compared 6 money transfer providers for the overall speed of sending money from South Korea to the Philippines. This was made up of depositing Won to a money transfer account and transfer times to the Philippines.
When looking for the fastest money transfer, Panda Remit is our best choice for sending into Philippines from South Korea.
Transfer a large sum of money
From 6 money transfer companies compared, Panda Remit is the best option for large transfers from South Korea to the Philippines.
Whether it’s for property purchases, business or any other reason, sending large amounts of money from South Korea to the Philippines can become expensive if you use a bank, or the wrong provider.
Panda Remit is the top choice for sending large sums of money to the Philippines from South Korea because they offer a strong service and competitive exchange rates.
Understanding the cost of moving money from South Korea to Philippines
The total cost of sending money to the Philippines from South Korea, 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 KRW-PHP is 0.0408 PHP per Won.
Finding a company offering an exchange rate closer to this will mean more Philippine Peso for your Won.
The average KRW-PHP mid-market rate for the last three months has been 0.0423 PHP per Won. This includes a high of 0.0427, and low of 0.0419.
Out of the 6 companies compared, Panda Remit offers the best exchange rates.
The exchange rate you receive on converting KRW to PHP should be the biggest determining cost factor when transferring Won 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 KRW 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 South Korea will result in more money received in the Philippines.
Track the exchange rate for Won to Philippine Peso
Sending money at the right time between KRW and PHP can make a huge difference to overall cost. The exchange rate impacts how much PHP you get for your KRW.
Over the last six months, the average numbers are:
The exchange rate from KRW to PHP averaged 0.0423 PHP.
The highest value recorded was 0.0427 PHP, while the lowest was 0.0419 PHP.
6 providers currently offer transfers between South Korea and the Philippines close to this rate
Want to secure the best KRW-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 South Korea to Philippines!
Payment options for transfers from South Korea to Philippines
Bank transfers
Bank transfers are often the fastest and cheapest way to send money from South Korea to the Philippines.
Using a money transfer company such as Panda Remit for payments from South Korea 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 6 we compared when sending KRW to the Philippines.
With an average fee of 4 KRW to transfer money from South Korea 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 South Korea to the Philippines is easy with .
is a leader in debit card money transfers from South Korea to the Philippines. They are the best option of the 6 transfer companies compared.
Credit cards
When it comes to credit card transfers from South Korea to the Philippines, is the top choice of the 6 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 South Korea.
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 South Korea to Philippines.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send KRW 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
