Our comparison engine found 17 providers available for sending money to the Philippines from Spain.
To transfer your euros to a bank account in Philippine pesos in the Philippines, the cheapest provider at the moment is CurrencyFair, with no transfer fees and a good EUR-PHP exchange rate (current rate: 1 EUR = 57.0703 PHP).
In comparison, the total cost of your transfer would be 31.05 EUR (around 29x as much) if you were to use BPI (Bank of Philippines Island) for the very same transfer.
If the beneficiary of your transfer wants to be able to pick up Philippine pesos in cash at an agent location in the Philippines, then the most competitive option currently is Small World, with zero transfer fees and a good EUR-PHP exchange rate (current rate: 1 EUR = 56.5011 PHP).
In comparison, you would pay a total cost of 26.83 EUR if you wanted to use BPI (Bank of Philippines Island) to make the same transfer with cash pick-up as the pay-out option.
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.