LBC Remittance Partners: Fees, Exchange Rates, and Monito's Recommendation

Byron Mühlberg, writer at
Nov 17, 2022
Affiliate disclosure

One of the Philippines' largest courier companies, LBC Express helps international money transfer partners worldwide deliver funds to Filipinos from abroad. The group facilitates fast transfers via various pay-out options, including bank deposit, cash pick-up, and cash delivery all across the country, making it a top partner for many big-name transfer services such as Western Union, Remitly, and Xoom.

However, not all LBC Remittance partners offer the exact fees and exchange rates. This means that although the underlying pay-out service remains the same, those sending money to the Philippines may find different prices depending on which partner they pick.

In this guide, we go through the main LBC Remittance partners and compare them in terms of price, speed, and availability to help you make the most informed and cost-effective decision when sending money to the Philippines from abroad.

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Depending on where the sender of the money is based, in most cases, we recommend Remitly as the cheapest LBC remittance partner for transfers to the Philippines. Sign up to make cheap, fast, and secure transfers now!

Key LBC Remittance Facts

📍 Locations


🧭 Regions

All regions. See outlet locator here.

💸 Max. Remittance Limit

No set max*

💵 Pick-up Currency

PHP, USD depending on LBC partner

📂 What Your Beneficiary Needs

LBC tracking number; Signed encashment form; Sender and recipient name; 1 Valid ID.

🌏 International Providers Available

* but all cash padala transactions of P30,000 or more will require additional documentation

1 — Remitly

Remitly is a US-based digital remittance service that's frequently the fastest and cheapest way to send money to the Philippines through LBC Express. The platform offers various pay-in and pay-out options (including card payments, bank transfers, and cash services) and supports money transfers from dozens of countries worldwide.

Cheapest LBC partner for transfers from: Malaysia, UK, Eastern Europe, Japan, Singapore, Africa, Israel, and New Zealand.

Speed: Depending on the pay-in methods, pay-out methods, and countries involved, WorldRemit transfers take anywhere between a few seconds and a few working days to arrive. Overall, WorldRemit ranked as the fifth-fastest money transfer service on Monito's comparison engine between July 2020 and 2021.

Transfer limit: ₱100,000 (can vary depending on the sending country and payment method).

More info: See our full WorldRemit review.

2 — WorldRemit

WorldRemit is a UK-based LBC Remittance partner that offers the best way to transfer money to the Phillippines, particularly from Asia and Africa.

Cheapest LBC partner for transfers from: US, Canada, Western Europe (especially Germany, France, and Austria).

Speed: Cash pickup transfers take a matter of minutes to be ready at an LBC Express location, which cash delivery takes one to five business days to arrive. Overall, Remitly ranked as the second-fastest money transfer service on Monito's comparison engine between July 2020 and 2021.

Transfer limit: Sending limits to the Philippines vary depending on the origin country and payment method, but in general, the minimum transfer is US$1.00, and the maximum transfer is US$20,000.00, or currency equivalent.

More info: See our full Remitly review.

3 — Western Union

The world's largest (and oldest) money transfer company, Western Union is a giant in the world of currency exchange, often offering the best way to transfer money internationally in terms of coverage and number of pay-in and pay-out options. It should come as no surprise, therefore, that Western Union is an official LBC Remittance partner in the Philippines.

Cheapest LBC partner for transfers from: Seldom the cheapest.

Speed: Transfer speeds vary depending on many factors, in general taking one to three business days to arrive.

Transfer limit: US$15,000 (or currency equivalent).

More info: See our full Western Union review.

4 — SingX

A Singaporean service supporting only bank transfers from a limited number of countries, SingX is an LBC Remittance partner that offers some of the best fees and exchange rates out there, particularly for transfers across East Asia.

Cheapest LBC partner for transfers from: Hong Kong and Australia.

Speed: Transfers sent through SingX take between one to three business days to arrive in the Philippines.

Transfer limit: ₱500,000.

More info: See our full SingX review.

5 — Xoom

Xoom is a widely-used PayPal-backed international money transfer service which seldom ranks as the cheapest service out there to the Philippines, despite being a popular LBC Remittance partner.

Cheapest LBC partner for transfers from: Seldom the cheapest.

Speed: Xoom transfers vary significantly in speed depending on the payment method and destination region in the Philippines, taking anywhere between a few minutes and two working days to arrive.

Transfer limit: US$25,000.

More info: See our full Xoom review.

Find the Cheapest LBC Remittance Partner

Because different LBC Remittance partners charge different fees and exchange rates for sending money to the Philippines, it can often be a good idea to find a service which, on average, offers the best fees and exchange rates for transfers to the Philippines.

These can be broken down as follows, based on how often different services were cheapest on Monito's comparison engine in July 2021:

  • LBC Remittance partners: As touched on above, WorldRemit was the cheapest LBC Remittance partner to the Philippines in July 2021, being cheapst on 14% of all comparisons. They were followed by Remitly (cheapest on 7%), and SingX (cheapest on 1%). Take a look at the cheapest LBC remittance partner by origin country below:

Quoted: 20/07/2021

  • Non-LBC Remittance partners: If your recipient doesn't necessarily need to use LBC Express to access their funds, you will have other options available to you still. For bank deposits, these include Instarem (cheapest on 28% of Monito comparisons), mobile wallet Skrill (cheapest on 19%), and Wise (cheapest on 14%). These services include Small World (cheapest on 8%) and MoneyGram (cheapest on 4%) for cash pickup transfers.

However — whether you're looking for the best LBC Remittance partner or not — the cheapest service is constantly fluctuating. To make sure you're getting the best deal on every transfer that you send money to the Philippines, we recommend running a search on Monito's real-time comparison engine below:

Compare transfers to LBC Remittance partners in the Philippines:

FAQ About LBC Remittance

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Image credit: Stel on Unsplash

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