Send money to the Philippines from the United States | WorldRemit (2024)

FAQs

What is the best way to send money from the USA to the Philippines? ›

Bank transfers are usually the cheapest option when it comes to funding your international money transfer with Wise. Bank transfers can be slower than debit or credit cards, but they usually give you the best value for your money.

Quick, simple and secure to use – Kabayan Remit is a faster way to send money to the Philippines. We help our customers send their hard-earned money to the Philippines with low fees & high exchange. Our app also allows you to pay your bills hassle-free.

You can send as much money as you want to the Philippines. While there is not a legal cap, some transfer providers will set their own limits. If you plan to initiate a large transfer, Xe doesn't have a maximum transfer limit.

Can Zelle send money to the Philippines? Zelle does not work in the Philippines. Zelle requires that the sender's and receiver's bank accounts be U.S. based. You may register with Zelle by using your email ID or a U.S. based mobile number.

Assuming you're sending bank-to-bank, Western Union generally charges between $6.47 and $37.60 to send $1,000. However, the costs could still be higher if you choose a different sending or receiving method. How much does Western Union charge to send $5,000?

The cheapest provider shown in our comparison table is Wise and the fastest is Wise. If the transfer time is what you're interested in, then Wise is the fastest to transfer money to Philippines. Wise can get your money to your recipient to Philippines in Instant-2 Days.

Personal international remittances send to the Philippines are tax free. Domestic remittances and international business remittances are subject to taxes.

How much dollar you can carry to Philippines? ›

A person may freely bring into or take out of the Philippines foreign currency and other bearer monetary instruments (e.g., travelers' checks, other checks, drafts, notes, money orders, bonds) in amounts up to USD10,000 or its equivalent in other foreign currencies.

Financial institutions must file a Currency Transaction Report (CTR) for any transaction over $10,000. The CTR includes information about the person initiating the transaction, the recipient, and the nature of the transaction. The purpose of this requirement is to prevent money laundering and other criminal activity.

Use Xoom to make safe, seamless transfers directly to the Philippines. * With different disbursem*nt options, you control of how your money reaches its destination.

Send money internationally

Real time transfers are available to Banco De Oro (BDO), Bank of the Philippine Islands (BPI), and Land Bank. For first-time BPI receivers, it may, however, take up to 2 hours. Funds sent to Land Bank between 10 am and 1 pm Eastern Time may also be delayed.

You can send an international wire transfer by visiting a U.S. bank branch. Feel free to save time by setting up an appointment. See: How do I schedule an appointment at a U.S. Bank branch? If there is not a U.S. Bank branch in your area, we may be able to help you by phone.

The fee for a transfer with MoneyGram varies depending on the amount you want to transfer. MoneyGram charges a flat $5 fee to send amounts between $1 to $49 and a flat rate of $11.50 on amounts between $50 and $499. The fee on amounts of $500 and above is 2%. There is also a maximum amount of $10,000 per transfer.

Payments sent from different banks overseas to BPI accounts, via SWIFT, are likely to take a couple of days. While this can still vary a lot, it's common for an international SWIFT transfer to take about 3 to 5 working days to be deposited.