Countless online banking options make it quick, easy and cheap to send money to the Philippines from the UK.
How To Send Money to the Philippines from the UK
Overseas Filipino Worker (OFW) is the term given to those with Filipino citizenship working and residing in a foreign country. In 2019, there were a recorded 12 million overseas Filipinos. As such, there is a high demand to send funds back to the Philippines from their respective countries of employment.
There are numerous ways to send money safely to the Philippines. With the ample options available, you can choose the best option to suit your needs. Whether you are looking for the best exchange rate, fast receipt of payment or no-fee transfers, you can choose the best match.
|Provider||Transfer Amount||Fee||Speed||Visit Site|
|£100||£1||1-4 Business Days||Get a Quote >>|
|£100||£1.37||Instantly - One Day||Get a Quote >>|
|£0||Same day||Get a Quote >>|
Methods to Send Money to the Philippines from the UK
Sending Money to the Philippines via Net Banking
One of the most common ways to send money to the Philippines from the UK is net banking. Via the website of the money transfer company, you can initiate the transfer of a fund directly from your personal bank account.
Sending Money to the Philippines via Online Transfer
There is a large volume of money transfer companies allowing online transfers to be made. Through this, you can start an online transfer from your personal bank account and directly connect to the money transfer company’s account.
Sending Money to the Philippines via Mobile Payment Services
As of yet, Google Pay and Apple Pay are not available in the Philippines.
Sending Money to the Philippines via Online Banking
You can use your debit or credit card to make online banking payments and send money to the Philippines from the UK.
Can I Send Money to the Philippines via Cryptocurrency?
Since 2017, cryptocurrency is legal in the Philippines. CoinMama, eToro and CEX.io are all popular cryptocurrency services to send money from the UK to the Philippines. Control over Bitcoin exchanges is overseen by the Central Bank of the Philippines.
You can find the best exchange rates from your mobile with services such as TransferWise and OrbitRemit
Can You Send Money to the Philippines For Free?
There is currently not a totally free way to send money to the Philippines from the UK. The majority of services charge a fee per transfer either as a hidden currency conversion cost or as an upfront transfer fee. However, some services are cheaper than others. Highly recommended services are OrbitRemit and TransferWise which cost under £8 and £10, respectively, when sending up to £1000.
How Long Does It Take to Send Money to the Philippines?
Depending on the service provider that you choose to send money to the Philippines, the funds can arrive in the specified account between 1-5 business days. The services recommended above, OrbitRemit and TransferWise, each take 1-2 business days to arrive in the desired account. However, you can pay extra for a same-day transfer or instant money transfer.
What Do You Need to Send Money to the Philippines?
There are different methods to send money to the Philippines but most rely on either a debit card, credit card or online bank account. You can also use a PISP (Payment Initiation Service Provider) by which you can set up a bank transfer directly from your personal bank account. You can also use SWIFT via your bank; although, these tend to be slower and more expensive.
Additionally, you need the bank details of the recipient.
Is it Safe to Send Money to the Philippines from the UK?
These online money transfer services are recognised as the safest ways to send money from the UK to the Philippines. They receive regular monitoring from foreign exchange brokers in order to ensure secure transfers. Experts recommend checking for FCA approval on any service that you use. You can ask for a record of their FCA enrolment number or review the FCA details on their website.
Sending money abroad is never totally risk-free; however, widely-respected money transfer services are committed to ensuring the safe transition of funds. General advice is to never send your password or security information over email. Be vigilant with any phone or email correspondence and never feel pressured to make a cash transfer by a foreign exchange broker.