Sending Money Abroad: Your Essential Guide for Expats in the Philippines

Living the expat life in the Philippines is full of adventure—new sights, delicious food, and warm hospitality. But when it’s time to send money back home or support someone overseas, choosing the right transfer service matters. This guide breaks down the best money transfer options for expats in the Philippines, so you can send funds safely, quickly, and without paying more than you have to.

Top Money Transfer Services for Expats in the Philippines

Here’s a quick look at the most popular options, with pros and cons to help you decide.

Western Union

Best for: Fast cash pickup almost anywhere

Pros:

• Huge global network for easy cash pickup

• Transfers can be ready within minutes

• No bank account needed for the recipient

Cons:

• High fees, especially for smaller transfers

• Exchange rates are not always transparent

• Cash pickup is less secure in some areas

MoneyGram

Best for: Speed and availability, similar to Western Union

Pros:

• Wide network for global cash pickup

• Fast transfers, often within minutes

• Convenient for recipients without bank accounts

Cons:

• Fees are often high

• Less favorable exchange rates

• Fee structure may not be clearly displayed

Xoom (a PayPal service)

Best for: Fast and flexible online transfers

Pros:

• Simple online platform

• Competitive fees and exchange rates

• Offers both bank deposits and limited cash pickup

Cons:

• Cash pickup is more limited than with MTOs

• Some delivery methods require the recipient to have a bank account

Remitly

Best for: Clear pricing and flexible delivery

Pros:

• Transparent fee structure

• Competitive rates

• Offers cash pickup and bank deposit options

Cons:

• Cash pickup is not available everywhere

• Fastest transfer speeds may still lag behind MTOs

PayPal

Best for: Sending to friends or frequent online shoppers

Pros:

• Huge global user base

• Convenient and easy to use

• Multiple funding options (balance, bank, card)

Cons:

• High fees for international transfers

• Poor exchange rates compared to others

• Limited options for cash pickup

Wise (formerly TransferWise)

Best for: Low fees and great exchange rates

Pros:

• Very low fees, with everything shown upfront

• Uses real exchange rates (no markup)

• Easy online platform

Cons:

• Slower transfer speeds

• Recipient usually needs a bank account

• Cash pickup not widely available

How to Choose the Best Option for You

Here’s what to consider before picking a transfer service:

• Speed: Need it there fast? Use Western Union or MoneyGram.

• Cost: Want to save money? Wise or Remitly offer better value.

• Convenience: Prefer online transfers? Xoom and Wise are user-friendly.

• Cash or Bank: If your recipient doesn’t have a bank account, focus on services with cash pickup.

• Frequency: Sending money often? Choose a provider with loyalty perks or lower fees for regular use.

Extra Tips for Smarter Transfers

• Always compare: Use online tools to check exchange rates and fees across providers.

• Ask about promos: Some services offer discounts or fee waivers for first-time users or larger transfers.

• Keep receipts: Always save confirmation emails or transaction receipts just in case.

Final Thoughts: Send Money Without Stress

Whether you’re supporting family, paying bills abroad, or helping a partner, sending money from the Philippines doesn’t have to be confusing or expensive. By choosing the right service based on your needs—speed, cost, or convenience—you can make sure your money goes further.

Best Money Transfer Services for Expats in the Philippines: Sending Money Wisely and Securely

As an expat living in the Philippines, sending money abroad—whether to family, a significant other, or for bills—is often part of daily life. But with so many money transfer services out there, choosing the right one can be overwhelming. This guide breaks down the most popular options like Xoom, Remitly, PayPal, Western Union, and Wise, and shows you how to maximize your transfer value while keeping your funds secure.

Security First: What You’ll Need to Verify Your Account

No matter which service you choose, expect to go through identity verification. These extra steps help protect you from fraud and keep your money safe. Here’s what most services require:

• Government-issued ID: Passport, driver’s license, or national ID.

• Proof of Address: A utility bill, bank statement, or lease agreement.

• Financial Info (for larger transfers): Proof of income or bank account details.

Verification may feel like a hassle at first, but it’s an important safeguard and a sign you’re using a legitimate service.

Top Tip: Maximize Value with Every Transfer

Once you’re verified and ready to send, don’t stop there. A few smart habits can help you stretch every peso.

1. Always Compare Rates and Fees

Exchange rates and fees change often. Even your favorite service can become less competitive from one day to the next. Use comparison websites or check rates across a few platforms before you hit “send.”

2. Look for Transfer Promotions

Some services offer promos for first-time users or when you send larger amounts. These could mean lower fees, better exchange rates, or even bonus credits. Keep an eye on the app or site for deals that match your needs.

3. Speed vs. Cost: Choose Based on Your Situation

• For emergencies or same-day needs: Go with money transfer operators (MTOs) like Western Union or MoneyGram. They’re fast—but come with higher fees.

• For planned transfers: Services like Wise and Remitly usually offer better exchange rates and lower fees, though they might take a little longer.

4. Time Your Transfers for Better Rates

Exchange rates can shift throughout the day. If your transfer isn’t urgent, use services that let you schedule your transaction when rates improve. A small change can make a noticeable difference for large transfers.

5. Group Transfers for Bigger Savings

Some platforms charge a flat fee per transaction, so sending one larger amount can be cheaper than multiple small ones. Just double-check the service’s daily or monthly limits first—especially with MTOs.

6. Join Loyalty Programs

Frequent sender? Some services reward loyalty with perks like discounted fees or better rates. If you send money regularly, signing up for a loyalty program could add up to real savings over time.

Final Thoughts: Plan, Compare, and Send Smart

A little effort upfront can save you a lot over time. Compare rates, know your options, and choose the service that gives you the best value without sacrificing speed or security. Whether you’re helping family, paying for school, or just keeping love alive across borders—sending money doesn’t have to be costly or complicated.