Monito compares 16 different options available to make a transfer to the Philippines from Canada.
If the recipient of the transfer wants to receive Philippine pesos in her bank account in the Philippines, then the most competitive provider at the moment is Remitly, with zero transfer fees and a very competitive CAD-PHP exchange rate (their current rate is 1 CAD = 40.71 PHP).
In comparison, the total cost would be 69.04 CAD (roughly -3x as much) if you selected to use Royal Bank of Canada to make the same transaction.
If your recipient wants to get Philippine pesos in cash in the Philippines, then Remitly currently offers the best deal you can get with zero transfer fees and a very competitive CAD-PHP conversion rate (currently at 1 CAD = 40.71 PHP).
In comparison, you would pay a total cost of 13.59 CAD if you wanted to use WorldRemit for the very same transaction.
This recommendation was updated a few minutes ago.
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The best way to send money from Canada to the Philippines depends on the way the transfer will be paid for and received, the amount you need to transfer, the countries between which you make a transfer and the transfer speed. Sounds too complicated? With Monito's live comparison you can find the best option to send money to Philippines with just a few clicks.
There are plenty of ways for the beneficiary to receive the money:
- Have it deposited on a bank account in the Philippines
- Picked up at a cash agent location like M Lhuillier, Cebuana or Metrobank
- Sent to a mobile wallet like GCash
- Delivered home by a courier
With WorldRemit in the Philippines has partnered up with your favorite banks and cash pick-up locations:
Let's start with the most expensive solutions: Banks, cash-based money transfer and Paypal are in general really expensive when you take all fees into consideration (incl. hidden currency exchange rate margin). Hopefully, there are plenty of online money transfer services with transparent & cheap fees and good exchange rates. You can compare them all and find the cheapest way to send money to the Philippines from Canada with Monito.
Your bank in Canada might not offer you the best rate to send money to the Philippines. But there are plenty of dedicated money transfer services that will allow you to send money to a bank account in the Philippines at the best rate. You can compare these services using Monito's live comparison tool.
Here's how to send money from Canada to the Philippines with a money transfer specialist:
Before each international money transfer, you should come and compare the costs of the different options on Monito, as they may have changed. The cheapest option is at the top, of our results but you may want to consider other criteria such as the speed of transaction or the pay-in or pay-out methods.
Of course! Banks are usually not the best way to make international money transfers. The fees can be quite low (and sometimes even zero), but beware of the poor exchange rates which banks often apply. We list as many banks as possible in our results, so do compare to find out if you’d be better off switching to another bank or a specialized money transfer company.
Yes. We only list money transfer operators or banks that are fully authorized and monitored by the regulation authorities of the countries where they operate.
Monito is not a money transfer company. We’re here to help you find the best way to send money to the Philippines.
To calculate the total cost of your transfer, we compare the exchange rate every provider applies to your transactions with the latest mid-market exchange rate data that we source from XE.