Cheapest Way to Send Money to Philippines From Usa

Sending money from the USA to the Philippines is a common practice among Filipino immigrants, overseas workers, and individuals supporting families back home. However, the process of transferring funds internationally often comes with hefty fees and unfavorable exchange rates, significantly reducing the amount received by the recipient. In this comprehensive guide, we’ll delve into various options and strategies to find the cheapest way to send money to the Philippines from the USA, ensuring that your hard-earned money reaches its destination efficiently and affordably.

Understanding the Need

The Philippines is one of the top recipients of remittances globally, with millions of Filipino families relying on funds sent from relatives working abroad for their daily sustenance, education, healthcare, and investments. For many senders, finding cost-effective ways to transfer money is essential to maximize the support they provide to their loved ones. High transfer fees and poor exchange rates can eat into the funds sent, making it crucial to explore alternatives that offer better value for money.

Comparing Transfer Options

Bank Transfers

Traditional bank transfers are a common method for sending money internationally. However, they often come with high fees and uncompetitive exchange rates, leading to a significant reduction in the amount received by the recipient. Additionally, bank transfers can be slow, taking several business days to process, which may not be suitable for urgent financial needs.

Online Money Transfer Services

Online money transfer services have gained popularity in recent years due to their convenience, competitive exchange rates, and lower fees compared to banks. Platforms such as TransferWise, Remitly, WorldRemit, and Xoom allow users to send money to the Philippines quickly and affordably. These services often offer transparent pricing, allowing senders to see exactly how much will be received by the recipient before initiating the transfer. Moreover, many online transfer services offer fast delivery options, with funds reaching the recipient within minutes to a few hours.

Remittance Centers

Remittance centers like Western Union, MoneyGram, and Ria provide physical locations where individuals can send money to the Philippines. While these services offer convenience, especially for those who prefer in-person transactions or recipients without access to banking services, they typically come with higher fees compared to online alternatives. However, remittance centers may still be a viable option for senders who prioritize accessibility and familiarity.

Choosing the Best Option

When selecting the cheapest way to send money to the Philippines from the USA, several factors should be considered:

Exchange Rate:

Look for a service that offers a favorable exchange rate to ensure that the recipient receives the maximum amount of funds.


Compare transfer fees across different platforms and choose one with minimal or no fees whenever possible. Be wary of hidden charges that may apply, such as currency conversion fees or receiving fees on the recipient’s end.

Speed of Transfer:

Depending on the urgency of the transaction, opt for a service that provides fast transfer times. While some platforms offer instant transfers for an additional fee, others may take longer to process transactions, especially for large sums or during weekends and holidays.


Consider whether you prefer online transactions or if you’re comfortable visiting a physical location for remittance. Online money transfer services offer the convenience of sending money from the comfort of your home or using a mobile app, while remittance centers provide the option for in-person transactions and cash pickups.

Send Larger Amounts:

Sending larger sums less frequently can help reduce overall transfer fees. While it may not always be possible, consolidating smaller transfers into larger ones whenever feasible can lead to significant savings in the long run.

Utilize Promotional Offers:

Many money transfer services offer promotional rates or how to send money from philippines to uae discounts for first-time users or recurring customers. Take advantage of these offers to save on transfer fees and maximize the amount sent.

Monitor Exchange Rates:

Keep an eye on currency fluctuations and transfer money when the exchange rate is favorable. Use online tools and currency converters to compare rates across different platforms and choose the best time to initiate the transfer.

Sending money to the Philippines from the USA is a vital lifeline for many Filipino families, but it doesn’t have to be costly. By exploring various transfer options, comparing exchange rates and fees, and implementing money-saving strategies, senders can find the cheapest way to send money and ensure that their loved ones receive the support they need. Whether opting for online money transfer services or traditional remittance centers, prioritizing affordability, transparency, and efficiency is key to making the most out of every transaction. With the right approach, senders can send money to the Philippines with confidence, knowing that their hard-earned money is reaching its intended destination securely and affordably.