Ways to send money from United States to Philippines
The best rated provider for transfers from United States to Philippines | Wise |
Total number of USD - PHP providers | 12 |
Average cheapest provider for transfers to Philippines from United States | WorldRemit |
Average cost of the cheapest transfer from United States to Philippines | $0.61 |
Best for bank transfers from United States to Philippines | Wise |
Best for debit card transfers from United States to Philippines | Instarem |
Best for credit card transfers from United States to Philippines | Instarem |
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 States to Philippines
Instarem is the best way to send money to Philippines from United States. This is based on cost, speed, and how easy it is to use.
We analyzed 12 providers that allow USD to PHP transfers. Instarem emerged as the best option in 44.6% of searches.
How to send money from United States to Philippines
Follow these steps to send money between United States and Philippines
Choose your provider. Register with the provider of your choice by clicking on the link above.
Enter your details. Enter your details and provide any of the documents needed.
Start your transfer. Tell your provider that you'd like to send money from United States 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.
Check the recipient's details. This is really important. It can be very difficult to reverse a transfer from United States to Philippines once it's been sent. Make sure all the details are correct before you submit.
Send the money. When you've checked the details, you can make the transfer.
The cheapest way to send money from United States to Philippines
The cheapest way to send money from United States to Philippines is WorldRemit. On average, transfers from United States to Philippines with WorldRemit cost $0.61, making them cheaper than their nearest competitor.
WorldRemit has been the cheapest way to send money from United States 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 USD and PHP is 55.641502. 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
WorldRemit is the cheapest way to send money from United States to Philippines, but make sure the timeframes work for you.
How the cost of sending money to Philippines from United States is calculated
The cost of sending money from United States to United States depends on several things, including:
The mid-market rate
The current mid-market rate between USD and PHP is 55.641502. 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 US Dollar to Philippine Peso rates (0.54) and fees (0.61).
Bank transfers from United States to Philippines
Bank transfers are the most common way of sending USD to Philippines as they are secure, reliable, and convenient.
If you want to send US Dollars to Philippines via bank transfer, Wise has been the top rated provider in our comparison system for the last three months, recommended 48.3% of the time.
That’s because companies like Wise bypass the SWIFT network and rely on their own digital network of banks, making transfers faster and cheaper. As an example, Wise's transaction fees for US Dollars into Philippines have averaged at 143.41 for the last three months. This is significantly lower than the fees charged by banks.
Credit card payments from United States 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 US Dollars to Philippines with a credit card, Instarem is your best option. They've been the top rated provider in our comparison system for the last three months, recommended 98.5% 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 States to Philippines
Debit card payments let you send money from the United States 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 US Dollars 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 98.5% of the time.
Finding the best exchange rate for USD 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 USDs. The average US Dollar to Philippine Peso mid-market rate over the last month was 55.8113, with a low of 55.3455 and a high of 56.2745.
For comparison, the best exchange rate for USD to PHP right now is through Wise, at a difference of 0.01%.
How we find the best transfer deals from United States to Philippines
We’ve compared the cost, speed, and product offering of the top money transfer services (including Wise) available between Philippines and United States. 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 US Dollar 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.
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.
Looking to send money elsewhere? Here are the most popular transfer routes
These are the most popular transfer routes for sending money to and from USA.