Sam Balye on Unsplash

Sending Money to the Philippines From Canada With the Remitly Rate (Is It the Best?)

Jarrod Suda


Feb 9, 2023
Advertiser disclosure

Remitly has historically been the overwhelmingly best online remittance service for Canadians to send money to the Philippines quickly, safely, and affordably. With their user-friendly mobile app, you can eliminate the hassle of traditional money transfer methods and forms, SWIFT codes, agents, and hidden exchange rate fees.

Remitly offers express or economy transfer service, with express delivering funds within minutes. Economy service charges no fixed fee but takes 3 to 5 business days. You can send up to $10,000 CAD to the Philippines per day.

What Monito Likes About Remitly

  • Cheapest on 84% of CAD to PHP comparisons on Monito in 2022;
  • Excellent choice for cash pick-ups;
  • Numerous destinations are available around the world;
  • Special exchange rates for first-time users.

What Monito Dislikes About Remitly

  • 35% of fees are hidden in the exchange rate margin;
  • A limited number of origin countries can't send to each other.

Compare the best providers for sending money to the Philippines:

Key Facts About Sending Money From Canada to the Philippines With Remitly

🇵🇭 CA to PH Rates

Cheapest for 84% of CAD-PHP Monito comparisons in 2022

🌎 Availability

Over 85 countries

⭐ Customer Reviews

Apple App Store: 4.9/5 stars
Google Play Store: 4.8/5 stars

📩 Delivery Methods

Bank transfer, cash pick-up, mobile wallet, cash delivery

💵 Transfer Fee

Economy Service: $2.99
Express Service: $4.99

📈 Exchange Rate Markup

Between 0.02% and 2%

Overview About Remitly For Sending Money From Canada to the Philippines

Remitly is headquartered in Seattle and has offices in London, the Philippines, and Nicaragua. It operates transfers in over 47 currencies around the world, and offers especially strong rates for CAD to PHP transfers.

The money transfer company allows you to transfer money to bank accounts in major Filipino financial institutions, such as BDO, Palawan Express, GCash, Metrobank, LBC, and many more. Most importantly, Remitly is regulated under the following authorities:

  • Authorized to operate in all Canadian provinces (including Quebec)
  • Registered Money Services Business with US Department of Treasury;
  • Licensed as a money transmitter in the US;
  • Regulated in the UK and Ireland (for the EU);
  • Registered with FINTRAC.

Remitly is trusted by more than 3 million customers annually and offers a 100% satisfaction guarantee. All in all, this option ensures fast deposits and on-time delivery for transfers from Canada to the Philippines.

Remitly Transfer Fees For Canada to the Philippines

The fixed fee that Remitly will charge you will depend on the delivery service you selected. Economy transfers cost $2.99. These transfers can take 3 to 5 business days to reach your account in the Philippines.

The Express service gets you instant transfers, also for $4.99 per transfer. These fees will not change, regardless of if you send $1 CAD or $1,000 CAD.

Remitly Exchange Rate For Canada to the Philippines

When you send money overseas, your transfer service will use an exchange rate to convert one currency to the other. Big Canadian banks and mobile apps like PayPal apply high markups that can dramatically reduce the amount of money your recipient gets. They profit by pocketing that margin for themselves, known as an exchange rate margin.

Remitly, on the other hand, offers some of the strongest exchange rates available for transfers from Canadian dollars to Philippine pesos. On Monito's real-time comparison engine, Remitly was the cheapest overall provider for 84% of Canada to the Philippines searches in 2022.

Remitly generally charges rates around 0.02% below the mid-market exchange rate for CAD to PHP, which is among the industry's best. This is why we recommend Remitly without reservation for sending money to the Philippines from Canada. Even for its global operations, the company's low markups can fall between 0.4% to 2%.

Remitly Rate: Canada to the Philippines

Let's look at an example of the Remitly rate from Canada to the Philippines, recorded on February 9th, 2023. Remitly offers promotional rates for first-time transfers. Repeat customers will get their standard exchange rate.

*Rates recorded on February 9th, 2023 at 11:00 CEST

If you get Remitly's promotional rate, then the company will apply a very low exchange rate markup of 0.02%. This is a very competitive rate. For every 40.62 pesos you send, your recipient will get 40.61. If you get Remitly's standard rate, then you will experience a 2.09% markup.

While Remitly usually offers very good rates, the Remitly rate can fluctuate from minute to minute. This is why we recommend you use Monito's live comparison engine to compare the best rates today.

Remitly Transfer Fees and Exchange Rates for Canada to the Philippines

In this chart, you'll see how the Remitly rate is set up and what kind of services come with transfers from Canadian dollars to Philippine pesos.


Sending $0 or more

Exchange Rate




0.4% - 2%


Try Remitly ❯



0.4% - 2%

3-5 business days

Try Remitly ❯

Canada to the Philippines Money Delivery Options With Remitly

You have three options as a sender from Canada to the Philippines. With Remitly, you can transfer your money by bank transfer, credit card, or debit card. A bank transfer will likely be your best option since card processors like Visa and Mastercard may charge fees for processing debit and credit cards.

Your recipient in the Philippines will have four convenient ways of receiving money:

  1. Bank deposit
  2. Cash pickup
  3. Mobile Wallet via, GCash, or Maya
  4. Cash home delivery

We recommend you prepare the following items (if you send to a service like GCash, for example, then you will also need to provide your recipient's GCash name and account number):

  • Your email address
  • Receiver name and address
  • Your debit card, credit card, or bank account.

How To Send Money From Canada to the Philippines With Remitly

  • Step 01

    Start your transfer

    1. Sign in to the Remitly app or their website;
    2. Select Get Started on the app or Send money on your web browser.
  • Step 02

    Choose your delivery method

    1. Select Bank Deposit, Cash Pick Up, or another delivery method;

    2. Enter your recipient's bank account number, pick-up location, email, or other required information.

  • Step 03

    Choose how you'd like to pay

    1. Choose your desired payment method;

    2. Enter your bank account information, your credit or debit card information, or other payment details.

  • Final step

    Confirm the transfer

    1. Review the transfer information;

    2. Click Send Money when you are ready.

    Try Remitly ❯

Compare Remitly With Other Top CAD to PHP Remittance Services

In summary, we highly recommend Remitly as an international money transfer service for sending money to the Philippines from Canada. Not only was it the cheapest provider in 2022 for 22% of all searches on Monito. It was also the cheapest service for nearly 84% of Monito comparisons for transfers specifically from Canada to the Philippines.

If you're still not sure if its the cheapest or safest, use our real-time comparison engine below to compare Remitly to other top remittance companies 👇

Compare Remitly's Rate for Canada to the Philippines:

Frequently Asked Questions About Remitly From Canada to the Philippines

Why Trust Monito?

You’re probably all too familiar with the often outrageous cost of sending money abroad. After facing this frustration themselves back in 2013, co-founders François, Laurent, and Pascal launched a real-time comparison engine to compare the best money transfer services across the globe. Today, Monito’s award-winning comparisons, reviews, and guides are trusted by around 8 million people each year and our recommendations are backed by millions of pricing data points and dozens of expert tests — all allowing you to make the savviest decisions with confidence.

Learn More About Monito
  • Monito is trusted by 15+ million users across the globe.

  • Monito's experts spend hours researching and testing services so that you don't have to.

  • Our recommendations are always unbiased and independent.

Global Impact Finance Ltd
Rue du Pont 22
1003 Lausanne

Affiliate Disclosure
Instead of banner ads and paywalls, Monito makes money through affiliate links to the various payment service providers featured on our website. While we work hard to scout the market for the best deals, we're unable to consider every possible product available to you. Our extensive range of trusted affiliate partners enables us to make detailed, unbiased, and solution-driven recommendations for all types of consumer questions and problems. This allows us to match our users with the right providers to suit their needs and, in doing so, match our providers with new customers, creating a win-win for everybody involved. However, while some links on Monito may indeed earn us a commission, this fact never impacts the independence and integrity of our opinions, recommendations, and evaluations.