cheapest way to send money to philippines from australia (2)

Cheapest Way to Send Money to Philippines From Australia


Sending money internationally has become an essential aspect of modern life, especially for individuals living away from their home countries. Whether you’re supporting family members, paying bills, or making investments, finding the most cost-effective way to send money from Australia to the Philippines is crucial. In this comprehensive guide, we’ll explore various methods and factors to consider to ensure you choose the cheapest option for your needs.

Sending Money from Australia to the Philippines: Finding the Most Affordable Option

Sending money from one country to another involves various factors, including exchange rates, fees, transfer methods, and convenience. Understanding your options and comparing them thoroughly can help you save money and ensure a smooth transaction process.

Understanding Your Options

When it comes to sending money to the Philippines from Australia, you have several options available, each with its own pros and cons. Let’s explore some of the most common methods:

Bank Transfers

Traditional bank transfers allow you to send money directly from your Australian bank account to a recipient’s bank account in the Philippines. While this method may seem convenient, it often comes with high fees and unfavorable exchange rates, making it less cost-effective, especially for smaller amounts.

Money Transfer Companies

Money transfer companies like Western Union, MoneyGram, and TransferWise offer alternative options for sending money internationally. These companies typically offer competitive exchange rates and lower fees compared to traditional banks. Additionally, some platforms allow for convenient online transfers, making the process quick and efficient.

Remittance Services

Specialized remittance services cater specifically to international money transfers, catering to the needs of migrant workers and expatriates. Companies like Remitly, WorldRemit, and Xoom offer competitive rates, fast transfer times, and various delivery options, including cash pickup and bank deposits.

Factors to Consider

When choosing the cheapest way to send money to the Philippines from Australia, several factors should be taken into account:

Exchange Rates

The exchange rate plays a significant role in determining the overall cost of your transfer. Look for services that offer competitive exchange rates to maximize the value of your money.


Be mindful of any fees associated with your transfer, including transaction fees, service charges, and conversion fees. Opt for services with transparent fee structures and minimal additional costs.

Transfer Speed

Consider how quickly you need the money to reach its destination. While some services offer instant transfers, others may take several business days for processing.


Choose a method that aligns with your preferences and requirements. Whether you prefer online transactions, cash pickups, or bank deposits, select a service that offers the most convenient options for you and your recipient.

Comparison of Services

To determine the cheapest way to send money to the Philippines from Australia, it’s essential to compare the rates and fees offered by different providers. Here’s a comparison of some popular options:

Bank Transfers:

While convenient, bank transfers often come with high fees and how to send money from philippines to uae less favorable exchange rates.

Money Transfer Companies:

Western Union, MoneyGram, and TransferWise offer competitive rates and lower fees compared to banks. However, fees may vary depending on the transfer amount and destination.

Remittance Services:

Companies like Remitly, WorldRemit, and Xoom specialize in international money transfers and often provide better rates and faster delivery times than banks and traditional money transfer companies.

Tips for Saving Money on International Transfers

In addition to choosing the right service provider, here are some tips to help you save money on sending money from Australia to the Philippines:

Compare Rates:

Always compare exchange rates and fees from multiple providers to ensure you’re getting the best deal.

Send Larger Amounts:

Sending larger amounts at once can help you save on fees, as many providers offer better rates for higher transfers.

Choose the Right Timing:

Keep an eye on exchange rate fluctuations and choose to send money when the rates are most favorable.

Consider Alternative Payment Methods:

Some providers offer lower fees for bank transfers or online payments compared to credit card transactions.

Take Advantage of Promotions:

Keep an eye out for special promotions or discounts offered by money transfer companies, especially for first-time users.

Sending money from Australia to the Philippines doesn’t have to be expensive. By understanding your options, comparing rates and fees, and following these tips, you can find the cheapest and most reliable way to transfer funds to your loved ones or business partners. Whether you choose bank transfers, money transfer companies, or remittance services, prioritize cost-effectiveness, transparency, and efficiency to ensure a seamless transaction experience.


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