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How to send money from Taiwan to Philippines
Sending money from Taiwan to Philippines doesn’t have a huge amount of options. Because of this, we would recommend sending money via:
How to get the best deal on sending money from Taiwan 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 Taiwan 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.
Sending money from Taiwan to Philippines: key insights and tips
Don't settle for the first option. Always compare ways to send money from Taiwan to Philippines to find out about fees, speed, and reliability.
Your analysis should include all the providers that operate between Taiwan and Philippines. Through this, you get a comprehensive view of all the options you have in Taiwan when you need to send money to Philippines.
Cheapest way to send money from Taiwan to Philippines
Without any money transfer providers serving the Taiwan to Philippines route, the cheapest money transfer options are limited.
We would recommend using:
Understanding the costs involved when moving money from Taiwan to Philippines
When calculating the costs of money transfers between Taiwan and Philippines, here's what really matters:
The Mid-Market Rate: Today, the TWD-PHP mid-market rate equals to 1.953. Keep in mind that this rate fluctuates all the time.
The TWD-PHP average exchange rate of the past week has been 1.9487, with a highest of 1.953 and a lowest of 1.9388.
Fees and Markups: When you pick a service with competitive exchange rates and low fees, you get to make the most out of your TWD to PHP transfers. This strategy keeps your costs down, offering a smart way to handle your international transactions.
Track the exchange rate for New Taiwan Dollar to Philippine Peso
Sending money at the right time between TWD and PHP can make a huge difference to overall cost. The exchange rate impacts how much PHP you get for your TWD.
Over the last 7 days, the average numbers are:
The exchange rate from TWD to PHP averaged 1.9487 PHP.
The highest value recorded was 1.953 PHP, while the lowest was 1.9388 PHP.
5 providers currently offer transfers between Taiwan and the Philippines close to this rate
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What payment methods are available when sending money from Taiwan to Philippines?
Sending bank transfers from Taiwan to Philippines
Bank transfers are the most common way of sending TWD to Philippines as they are secure, reliable, and convenient.
If you want to send New Taiwan Dollars to Philippines via bank transfer, you can use your bank where no provider is available, but it will likely be at a bad exchange rate.
Sending money from Taiwan to Philippines by credit card
Credit card payments are quick, convenient, and typically more secure than other methods, thanks to backing by the issuing party. Some users may even be able to rack up reward points when making large transactions.
If you want to send New Taiwan Dollars to Philippines with a credit card.
Note: Beware of chargesCredit card payments are often classified as cash advances, which bring their own charges, as well as currency conversion and usage fees. Forgetting to pay your balance can also result in high interest charges, and can even damage your credit score.
Sending money from Taiwan to Philippines by payment apps
If you’d like to send money from Taiwan to Philippines via payment app, follow these steps:
Download the app and register. Download the app from the App Store or Google Play. You’ll need to register to be able to open an account. Make sure the app services transfers from Taiwan to Philippines.
Enter your details. Enter any of the details required. You may need a valid form of ID.
Start your transfer. Enter the details of your recipient. Some apps will require full payment details, while others allow you to pay with just an email address. You may need to state that you’re planning to send money to Philippines in Philippine Peso at this stage.
Check the details. It’s vital that you check the details you’ve added to make sure everything is correct. It can be very difficult to reverse a transfer, and most payment apps don’t let you cancel a transfer from Taiwan to Philippines after it’s been sent.
Send the money. Your app will probably charge a fee for the transfer. They may also add a markup to the TWD to PHP exchange rate. Check the rate they’re offering against the mid-market rate to make sure you’re getting a good deal.
The current mid-market rate of TWD to PHP is 1.953
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Philippines and Taiwan.
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 Taiwan to Philippines.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send TWD 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
