Fees and rates change all the time, but we’ll do the research and send you an email every two weeks to make sure you always get the best deal.
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Transfers to a bank account
The 6 best options to transfer EUR to a bank account in Philippines
Cash pick-up at an agent location
The 4 best options to send EUR for cash pick-up at agent locations in Philippines
What's this? We only let providers that are among the cheapest offers and meet strict criteria including top Trustpilot review scores obtain this spot.
When more than one provider is a great option for your transfer, we feature the provider that pays us more than the cheapest option at the top. This helps us keep Monito free of charge for you! But it does not mean our partners can pay to guarantee to be featured.
We always ensure the provider has excellent customer reviews, and there is little to no cost difference compared to the cheapest provider (in this case the difference between WorldRemit and MoneyGram is only 4.08 EUR).
Transfers via a foreign exchange company
Foreign exchange companies (also known as "forex brokers") are usually the best options for large transactions and offer personalized phone or email service. The rates we list are indicative only, to make sure you get the best deal we recommend requesting a quote from multiple providers.
Cash delivery at home
The 2 best options to have EUR delivered in cash to your recipient's home in Philippines
Transfers to mobile wallets
The 1 best options to transfer money to a mobile wallet in Philippines
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Monito compares 11 different money transfer providers available for sending money to the Philippines from Germany.
If you want to transfer to a bank account in in the Philippines, the most competitive provider at the moment is TransferGo, with zero transfer fees and a good EUR-PHP conversion rate (currently at 1 EUR = 58.4929 PHP).
When taking the exchange rate and the fees into account, the total cost of your transfer with TransferGo is 0.2 EUR, compared to that, the total cost of your transfer would be 64.05 EUR (which is approximately 314x more) if you wanted to use Xpress Money to make the same transfer.
Two other competitive providers could also be good alternatives to TransferGo: InstaReM and TransferWise.
You prefer the money to arrive in cash? We list several providers able to send for cash pick-up in the Philippines: the most competitive option currently is MoneyGram, with competitive fees of 14.9 EUR and a good EUR-PHP conversion rate (their current exchange rate is 1 EUR = 57.8095 PHP).
Adding the fees and exchange rate margin, the total cost for a cash transfer with MoneyGram is 32.39 EUR, in comparison the total cost of your transfer would be 64.05 EUR if you were to use Xpress Money for the very same transaction.
This recommendation was updated a few minutes ago.
Hi! I'm Pascal and I am in charge of making Monito as helpful as possible for you. Don't hesitate to drop me a line if you have a question, if you need help to understand the results or to find the best operator for your transfer.
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.
Before each international money transfer, you should come and compare the costs of the different options on Monito, as they may have changed. Once you fill out the above form and click on compare, you’ll see a list of all the options to send money between two countries. The cheapest option is at the top, 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.
Monito is not a money transfer company. We’re here to help you find the best way to send money abroad. Just tell us which country you’re sending money from and which country you want to send money to, and we’ll show you a list of all available services. Once you select the best one for your needs, you'll be redirected to their website to get started with your money transfer.
As much as we try to have complete information and to include as many money transfer companies in our results, we sometimes miss a few. In this case, the best solution would be to write us a short message to let us know what’s missing!