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We currently compare 19 money transfer providers available for sending money from Italy to the Philippines.
If you need the recipient to receive Philippine pesos in his bank account in the Philippines, then Remitly is the provider giving you the most Philippine pesos for your money with zero transfer fees and a competitive EUR-PHP conversion rate (current rate: 1 EUR = 59.03 PHP).
The total cost of your transfer with Remitly is -10.21 EUR, compared to that, the total cost of your transfer would be 30.11 EUR (approximately -3x as much) if you wanted to use BPI (Bank of Philippines Island) for the very same transaction.
Two other money transfer providers are worth considering: CurrencyFair and Wise.
If your recipient wants to get Philippine pesos in cash where they live in the Philippines, then the most competitive option currently is Remitly, with zero transfer fees and a good EUR-PHP exchange rate (their current rate is 1 EUR = 59.03 PHP).
In comparison, the total cost would be 28.71 EUR if you were to use BPI (Bank of Philippines Island) to make the same transfer with cash pick-up as the pay-out option.
Two other options for your transfer to the Philippines that could be interesting for your cash transfer are Small World and InstaReM.
This recommendation was updated a few minutes ago.
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Today's cheapest money transfer service might not be the cheapest tomorrow. Find the one that's best-suited to your needs and preference by comparing the best performers on Monito's comparison engine over the past 30 days for transfers from Italy to the Philippines:
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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.
