How much does it cost to send money to the Philippines Remitly?

What is the cheapest way to send money to the Philippines?

Cheapest Way to Send Money

Transfer Method Amount Sent (USD) Transfer Fees
Land Bank $1,000 $3.95
Wise $1,000 $12.41
Western Union $1,000 $4 – $10
PayPal $1,000 $26

Is it good to send money through Remitly?

Yes, it is safe to send money with Remitly. Not only is the business licensed and recognized as a money transfer provider, its website and apps use modern security measures to protect your information and your money.

How long does it take to receive money through Remitly?

We recommend using Express when you need to send money fast, delivery is usually within minutes when using a debit card, and Economy when you’re able to wait 3-5 business days for your funds to be delivered. Select a country to see the available delivery speeds and pricing.

What is the best way to send money to the Philippines?

Xoom, a Paypal service is the fastest and the most secure way to send money to the Philippines. It takes only up to an hour to complete a Cash Pickup and 4 hours for Bank Deposits. You can pay using your credit card, debit card, or bank account.

Can I send money to the Philippines using Zelle?

Can I use Zelle in the Philippines? Unfortunately, you can’t sign up for an account in Zelle yet, unless you have a bank account in the US. If you want to transfer money to another currency, you’ll need an international money transfer service.

Is there a limit in sending money to the Philippines?

For cross-border transfer involving Philippine pesos, a person may freely bring into or take out of the Philippines, or electronically transfer, legal tender Philippine currency and other monetary instruments in amounts up to PHP 50,000 (USD 956).

How does Remitly make money?

Remitly generates revenue from transaction fees based on currencies used, funding methods, and amount of a customer’s principal. The company also makes money on foreign exchange spreads, or the difference between an exchange rate offered to customers and the exchange rate on the company’s currency purchases.

What is the limit for Remitly?

Sending Limits

Tier 1 Tier 3
24 Hours $2,999 $10,000
30 Days $10,000 $30,000
180 Days $18,000 $60,000
Information needed Your full name Your residential address Your date of birth The last 4 digits of your SSN Information needed Tier 2 information if not already approved Additional information on your use of our service

Is Remitly better than Xoom?

Remitly beats out Xoom in saving you money, but both are pretty evenly matched when it comes to speed. The fact that Remitly’s exchange rates are generally (but not always) slightly better means that it comes out on top almost every time.

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