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We source transfer fees, rates and other data from money transfer providers in different ways - in most cases in real time. We constantly monitor the quality of our comparison data, but we cannot guarantee its accuracy.
Monito compares 8 providers available for sending money to the Philippines from Spain.
If your recipient wants to receive Philippine pesos in her bank account in the Philippines, then Remitly is at the moment the most competitive option with zero transfer fees and a competitive EUR-PHP conversion rate (current rate: 1 EUR = 57.42 PHP).
In comparison, you would pay a total cost of 5.45 EUR (around -3x more) if you were to use InstaReM for the very same transfer.
Cash is the more convenient option for you? We compare 3 money transfer providers able to send Philippine pesos for cash pick-up in the Philippines: the most competitive provider currently is Remitly, with zero transfer fees and a competitive EUR-PHP exchange rate (current rate: 1 EUR = 57.42 PHP).
Adding the fees and exchange rate margin, the total cost for a cash transfer with Remitly is -1.56 EUR, but you would pay a total cost of 5.45 EUR if you wanted to use InstaReM to make the same transfer to a cash pick-up location.
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.