Money Transfer to Philippines: Review and Tips

Are you sending money from USA to Philippines? Want to get the most pesos for your dollars or receive most dollars in Philippines? Not sure which provider is the best, cheapest or fastest? Should your funds be received in pesos or dollars? YOU came to the right place! We will cover all most important topics:
- Money Transfer to the Philippines: current state and key trends
- Pesos to dollar exchange rates and timing
- Top money transfer providers
- Receiving money transfer in pesos or dollars
- Sending larger money transfer amounts
- Choosing the best receiving method
- Finding the best way to send money
Please note this post is specific to the Philippines. If you are looking for general knowledge of how to best send money, please review this other SaveOnSend blog post first.
Before we get started… Great news if you are a consumer sending money from the USA to the Philippines: it is currently one of the most competitive corridors from the USA, attracting more providers and larger investments than many other destinations. You are in luck with a variety of choices and lavish promotions which don’t exist for some other destinations. So you could make a relatively safe assumption that when transferring money to the Philippines with any top provider, you will get a reasonable price and service. Overall, the cost of sending money has been declining worldwide, with providers’ margins dropping 30% just in the last decade:
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