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Monito compares 9 money transfer providers available for your transfer from New Zealand to the Philippines.
To send New Zealand dollars to a bank account in Philippine pesos in the Philippines, the cheapest option is currently XE Money Transfer, with no transfer fees and a good NZD-PHP exchange rate (their current rate is 1 NZD = 34.186 PHP).
In comparison, the total cost would be 28.48 NZD (around -15x as much) if you wanted to use CurrencyFair for the very same transfer.
If you need the recipient to receive Philippine pesos in cash in the Philippines, then the most competitive provider currently is WorldRemit, with zero transfer fees and a competitive NZD-PHP conversion rate (current rate: 1 NZD = 33.0674 PHP).
This recommendation was updated a few minutes ago.
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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.