MoneyTransfers
/Send money/To Philippines/From United Kingdom

How to Send Money from United Kingdom to Philippines

Get the best deals when you transfer from United Kingdom to Philippines. Find the cheapest, fastest, and most reliable providers with the best exchange rates.

Read on for the best deals, expert information, and all you need to send money to Philippines from United Kingdom.

Aneeca Younas
Author 
Aneeca Younas
6 minutes
January 14th, 2024
Disclosure

Ways to send money from United Kingdom to Philippines

The best rated provider for transfers from United Kingdom to Philippines

WorldRemit

Total number of GBP - PHP providers

12

Average cheapest provider for transfers to Philippines from United Kingdom

Instarem

Average cost of the cheapest transfer from United Kingdom to Philippines

£0.01

Best for bank transfers from United Kingdom to Philippines

WorldRemit

Best for debit card transfers from United Kingdom to Philippines

Instarem

Best for credit card transfers from United Kingdom to Philippines

Wise

You can always compare rates and fees based on your transfer amount and payment options when sending money.

The best way to send money from United Kingdom to Philippines

Instarem is the best way to send money to Philippines from United Kingdom. This is based on cost, speed, and how easy it is to use.

We analyzed 12 providers that allow GBP to PHP transfers. Instarem emerged as the best option in 44.6% of searches.

How to send money from United Kingdom to Philippines

Follow these steps to send money between United Kingdom and Philippines

  1. Choose your provider. Register with the provider of your choice by clicking on the link above.

  2. Enter your details. Enter your details and provide any of the documents needed.

  3. Start your transfer. Tell your provider that you'd like to send money from United Kingdom to Philippines, how much you'd like to send, and how you'd like to pay for your transfer. You'll also need to add your recipient's details.

  4. Check the recipient's details. This is really important. It can be very difficult to reverse a transfer from United Kingdom to Philippines once it's been sent. Make sure all the details are correct before you submit.

  5. Send the money. When you've checked the details, you can make the transfer.

The cheapest way to send money from United Kingdom to Philippines

The cheapest way to send money from United Kingdom to Philippines is Instarem. On average, transfers from United Kingdom to Philippines with Instarem cost £0.01, making them cheaper than their nearest competitor.

Instarem has been the cheapest way to send money from United Kingdom to Philippines for the last three months, on average.

Just to make you aware, bankTransfer was the cheapest payment method.

The current mid-market rate between GBP and PHP is 70.871456. The rate the time you transfer will impact your overall cost. As an example, Wise has averaged -0.05% below the mid-market rate over the last three months, generally making sending money a little cheaper before fees.

Note: The cheapest way to send money isn't always the fastest

Instarem is the cheapest way to send money from United Kingdom to Philippines, but make sure the timeframes work for you.

How the cost of sending money to Philippines from United Kingdom is calculated

The cost of sending money from United Kingdom to United Kingdom depends on several things, including:

The mid-market rate

The current mid-market rate between GBP and PHP is 70.871456. The rate the time you transfer will impact your overall cost. As an example, Wise has averaged -0.05% below the mid-market rate over the last 3 months, generally making sending money a little cheaper before fees.

The markup and fee

Providers will often charge a markup on the rate, fees, or both, for transfers between Philippines and Philippines. This is why Instarem is listed as our cheapest option - they offer the best combination of Pound Sterling to Philippine Peso rates (0.03) and fees (0.01).

Bank transfers from United Kingdom to Philippines

Bank transfers are the most common way of sending GBP to Philippines as they are secure, reliable, and convenient.

If you want to send Pound Sterlings to Philippines via bank transfer, WorldRemit has been the top rated provider in our comparison system for the last three months, recommended 55.3% of the time.

That’s because companies like WorldRemit bypass the SWIFT network and rely on their own digital network of banks, making transfers faster and cheaper. As an example, WorldRemit's transaction fees for Pound Sterlings into Philippines have averaged at 1.99 for the last three months. This is significantly lower than the fees charged by banks.

Credit card payments from United Kingdom to Philippines

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 Pound Sterlings to Philippines with a credit card, Wise is your best option. They've been the top rated provider in our comparison system for the last three months, recommended 83.3% of the time.

Note: Beware of charges

Credit 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.

Debit card payments from United Kingdom to Philippines

Debit card payments let you send money from the United Kingdom to Philippines with the similar convenience of a credit card, and there are usually no tax advance fees. That said, you might still face currency exchange fees, processing fees, and other expenses, making this a pricier option than a simple bank transfer.

If you want to send Pound Sterlings to Philippines with a debit card, Instarem is your best option. They've been the top rated provider in our comparison system for the last three months, recommended 67.5% of the time.

Finding the best exchange rate for GBP to PHP

The mid-market exchange rate changes daily, so timing your transfer can make a big difference to how many PHPs you can get for your GBPs. The average Pound Sterling to Philippine Peso mid-market rate over the last month was 70.9175, with a low of 70.5339 and a high of 71.4969.

For comparison, the best exchange rate for GBP to PHP right now is through Wise, at a difference of 0.01%.

Mid-market Rate
1
= 70.871456 PHP
Mid-market rate at: 13:38 UTC
GBP/PHP Median: 70.850993 Low: 70.757930 High: 71.040321

How we find the best transfer deals from United Kingdom to Philippines

We’ve compared the cost, speed, and product offering of the top money transfer services (including WorldRemit) available between Philippines and United Kingdom. Or comparison tool compares providers based on live fees, rates, and transfer times to make sure you get the best deal available.

We also produce unbiased, detailed reviews of all the top money transfer companies for sending Pound Sterling to Philippines, helping you in making smarter, simpler choices. We pride ourselves on our objective reviews, maintaining complete independence in our analysis and ratings.

Take a look at our comprehensive editorial policy for more information about our dedication to integrity and transparency.

Check your provider is regulated

You should only ever use regulated providers to transfer money. If a provider is not regulated, it’s likely to be a scam.

Remember: We will only ever recommend regulated financial institutions.

FAQs

How much money can be transferred from United Kingdom to Philippines?
Are there any tax implications to sending money from United Kingdom to Philippines?
Can I send money from United Kingdom to Philippines with MoneyTransfers.com?

Contributors

Aneeca Younas
Aneeca Younas, based in Abu Dhabi, is a distinguished writer specializing in Business Economics and Finance. With her robust academic background in Business Economics merged with a fervent passion for journalism, Aneeca stands out in the domain of international finance. Her extensive experience working with global finance companies has endowed her with a profound understanding of international money transfers, making her insights invaluable for those seeking to navigate the complexities of global financial transactions.