Send Money to Philippines from South Africa

All of the providers on our site are financially regulated in the countries they operate and hold the necessary Financial Services Licences. They have the highest security measures in place for fraud prevention and identity protection. However, it's still better to be safe than sorry. Here are some additional ways you can transfer funds safely:

• Double check privacy policies and the tracking process for your money transfer provider
• Use a strong, long and unique password with a combination of uppercase and lowercase letters, numbers and symbols when you set-up your account
• Ensure your money transfer service provides two-factor authentication, including SMS or email-based security code

Different companies charge you different fees. When you send money abroad using your bank or international money transfer company, you could be charged fees in several ways:

1. They may offer a slightly worse currency exchange rate, also known as the exchange rate markup or margin.
2. They may charge a fixed fee.
3. They may charge a commission or service charge, also known as a percentage-based fee.

Something else to bear in mind — if you’re sending money to someone else’s bank account, their bank may charge receiving or processing fees. A money transfer company has no influence on these fees, and you should speak to the receiving bank to understand how much they might charge.

Potentially. It really depends on which service provider you use. Some providers like XE or OFX give better exchange rates or remove their fixed transfer fees for larger transfers above $10,000. Others providers like TransferWise, now rebranded as Wise, already offer the market exchange rate you see on Google for smaller transfers, which is the best rate you can get.  

Remember, the better the exchange rate, the more money you get in the account abroad.

Limits will vary depending on how much you wish to transfer, the countries you send money to, and what method of transfer you are using (be it a bank deposit, mobile payment, or cash pick-up).  Many providers have a minimum of $250 and a few providers have a maximum transaction amount up to $2 million.

• For very small amounts our recommendation is TransferWise, now rebranded as Wise. They are available in most countries and have no minimum transfer amount and one of the most competitive services around. 
• For larger amounts (over $20,000) we recommend Currencies Direct who specialise in this size of transaction and can offer great rates and service.

• You can transfer using your bank to another bank account - watch out this can be very expensive!
• Pay with a bank transfer to an International money transfer provider service
• Some money transfer services offer debit card transfers such as TransferWise, now rebranded as Wise, TorfX, Currencies Direct, WorldRemit, Remitley, Currency Fair, InstaReM and Xoom
• A select few offer credit card payments (usually a more expensive option) such as Transferwise, WorldRemit, Remitly and Xoom.
• You can send PayPal transfers but this is a costly option when sending anything more than very small amounts
• You can pay in cash in store for Western Union, and MoneyGram 

Read our guides for more details about how to send funds
 

• Into your bank account from an international money transfer provider transaction, this is the most cost effective way with the most provider options available.
• Transfer money for a cash pick-up with worldRemit, Remitly, Xoom, MoneyGram and Western Union. Note that cash option may not be available in all countries.
• Into a PayPal from another Paypal account, this is a costly option when sending anything more than very small amounts 
• Other options include e-wallets and airtime topup with companies such as WorldRemit, Remitly and Xoom. Note that cash option may not be available in all countries.

Read our guides for more details about how to receive funds.

Yes there are fee-free options such as XE. However, you will pay an additional margin to the rate online, known as the mid market rate.

Wether the company adds their costs into the exchange rate and has 'no fees' or whether the company gives you the mid market rate plus a separates 'transfer fee' one is not better than the other. This is just marketing and it makes it hard to see which option is more cost effective.

Ultimately what is important is finding out, when calculating all these different rates and fees - which one gives you more currency for your Philippine Peso? That's why comparing is so important!

Yes. When you have an account with any of the online money transfer services highlighted above, you can make transfers through their website, or via their iOS Apple and Android apps.

However, some are easier to use than others, check out our guide on which providers have the best apps.