send money with Remitly from the united states to the Philippines

Sending Money to the Philippines From the USA With the Remitly Rate (Is It the Cheapest?)

Feb 14, 2023
Affiliate disclosure

Remitly has historically been the best online remittance service to send money from the United States to the Philippines quickly, safely, and affordably. Remitly's mobile app makes money transfers easier by eliminating the hassle of traditional methods, including forms, SWIFT codes, agents, and hidden exchange rate fees.

The company offers zero fees on bank transfers, card deposits, and mobile wallet transfers. Cash pick-ups and home deliveries will cost a nominal fixed fee. With Remitly, you can send up to $10,000 dollars to pesos per day to the Philippines.

What Monito Likes About Remitly

  • Cheapest on 63% of USD to PHP comparisons on Monito in 2022;
  • Excellent choice for cash pick-ups;
  • Numerous pick-up locations available across the Philippines;
  • 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 to the Philippines From the USA With Remitly

🇵🇭 US to PH Rates

Cheapest for 63% of USD-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

Mobile Wallet: None
Bank or Card Deposit: None
Cash Pickup: $4.99
Home Delivery: $4.99

📈 Exchange Rate Markup

Between 0.0% and 2.5%

Overview About Remitly to Send Money to the Philippines from the United States

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 USD 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:

  • 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 the USA to the Philippines. To learn more about the company, read our in-depth Remitly review.

Remitly Transfer Fees to Send to the Philippines From the USA

If the recipient receives their Remitly transfer in pesos, then Mobile Wallet has no fee, Bank or Card Deposit has no fee, Cash Pickup costs $4.99, and Home Delivery costs $4.99.

If the recipient receives their transfer in USD, then the fees depend on the size of the transfer. For transfers less than $1000, Bank or Debit Card Deposits cost +1.5% of the amount sent plus a $1.99 fee. Cash Pickups cost +1.5% of the amount sent plus a $2.99 fee.

For transfers of $1000 or more, Bank or Debit Card Deposits cost +1.0% of the amount sent plus a $1.99 fee. Cash Pickups cost +1.0% of the amount sent plus a $2.99 fee.

Remitly Exchange Rate to the Philippines from the United States

When you send money overseas, the exchange rate used by your transfer service can significantly impact the amount of money your recipient receives. Unlike big banks and mobile apps like PayPal that apply high exchange rate margin markups, Remitly offers some of the most competitive exchange rates for transfers from American dollars to Philippine pesos.

According to Monito's real-time comparison engine, Remitly was the cheapest overall provider for 63% of USA to Philippines searches in 2022. Remitly generally charges rates around 1% below the mid-market exchange rate for USD to PHP, making it a top choice for sending money to the Philippines from the US. For its global operations, the company's low markups can fall between 0.4% to 2%.

Remitly Rate: Dollar to Philippine Peso

Let's look at an example of the Remitly rate from the USA to the Philippines, recorded on February 14th, 2023. Remitly offers promotional rates for first-time transfers. Repeat customers will get their standard exchange rate.

*Rates recorded on February 15th, 2023 at 17:00 CEST

If you get Remitly's promotional rate, then the company will apply an exchange rate that is better than the mid-market exchange rate. That means your recipient will be getting an even better deal than the market price. For every 54.95 pesos you send, your recipient will get 55.23. If you get Remitly's standard rate, then you will experience a 2.9% 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 to the Philippines from the US

In this chart, you'll see how the Remitly rate is set up and what kind of services come with transfers from American dollars to Philippine pesos. You have the option of receiving money in the Philippines in the form of US dollars or pesos.

Send Method

Transfer Fee

First Time Rate

Standard Exchange Rate

Mobile Wallet




Try Remitly ❯

Bank Transfer




Try Remitly ❯

Card Deposit




Try Remitly ❯

Cash Pickup or Delivery




Try Remitly ❯

Fees recorded on February 14th, 2023 at 1700 CEST

Money Delivery Options With Remitly to the Philippines

You have three options as a sender from the USA 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.

Remitly Pick Up Locations in the Philippines

Remitly delivers cash for pick up at some of the most common locations in the Philippines. A few of Remitly's remittance partners in the Philippines include:

How To Send Money to the Philippines With Remitly From the United States

  • 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 USD to PHP Remittance Services

In summary, we highly recommend Remitly as an international money transfer service for sending money to the Philippines from the United States. Not only was it the cheapest provider in 2022 for 22% of all global searches on Monito. It was also the cheapest service for over 63% of Monito comparisons for transfers specifically from the USA to the Philippines.

In comparison, Panda Remit was the cheapest option for over 21% of USD-INR searches on Monito in 2022. XE Money Transfer took third place with over 5% in 2022.

If you're still not sure if Remitly is the cheapest or safest, use our real-time comparison engine below to compare Remitly's dollar to Philippine peso rate with other top remittance companies 👇

Compare Remitly's Exchange Rate to the Philippines:

Frequently Asked Questions About Sending Money to the Philippines With Remitly

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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.

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Affiliate Disclosure
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