Send Money from the US to the Philippines (USD → PHP)
The US-to-Philippines corridor is one of the largest remittance flows in the world by dollar volume, driven by a Filipino-American population of several million and a steady stream of workers on US employment visas sending money to family back home.
Below is a live snapshot of what a $1,000 transfer actually delivers across major providers serving this corridor, updated hourly from each provider's own published pricing.
Live comparison for $1,000.00
| Provider | Rate | Fee | Recipient gets |
|---|---|---|---|
| Xoom | 63.0306 | $0.00 | ₱63,031 |
| Moneygram | 61.2489 | $1.99 | ₱61,127 |
| Instarem | 61.1236 | $0.00 | ₱61,124 |
| Wise | 61.6928 | $12.65 | ₱60,912 |
| Remitly | 59.8124 | $0.00 | ₱59,812 |
Snapshot for $1,000.00, refreshed hourly.
Providers on this corridor
- Xoom
Xoom, a PayPal service, sends to Philippine banks, GCash, cash pickup, and home delivery, funded instantly from a PayPal balance, bank account, or card — fast, but the exchange-rate margin runs 3%–4% above mid-market.
- MoneyGram
MoneyGram is a US-based money transfer company with one of the largest cash-pickup and agent networks worldwide; the cost is concentrated in its exchange-rate margin rather than a visible fee.
- Instarem
Instarem (part of the Nium group) is a Singapore-founded fintech offering international transfers at a small FX margin with no fixed fee for bank-funded sends, plus wide cash-pickup coverage in the Philippines.
- Wise
Wise (formerly TransferWise) is a British fintech that provides international money transfers at the mid-market exchange rate with transparent, upfront fees.
- Remitly
Remitly is an American online remittance service offering international money transfers to over 170 countries, with strong Philippines payout coverage.
Frequently asked questions
What's the cheapest way to send money from the US to the Philippines?
There's no single fixed winner — pricing shifts as providers run promotions, which is why this table refreshes hourly rather than naming one "best" option. Xoom (owned by PayPal) is the most recognized name in the Filipino-American community, but recognition and lowest cost aren't the same thing; compare the "recipient gets" column above against Wise, Remitly, and the others before assuming the familiar option is cheapest.
How long does a USD to PHP transfer take?
Bank deposits typically arrive within a few hours to one business day. GCash and Maya wallet payouts are often near-instant once payment clears on the sending side. Cash pickup is usually available within minutes of the transfer being funded, subject to the receiving branch's hours.
Is a bank wire from a US bank a good way to send money to the Philippines?
Usually not the cheapest. A wire from Bank of America, Wells Fargo, or a similar bank often adds a flat wire fee on top of an exchange rate with a wider margin than a dedicated remittance app, and correspondent banks along the way can deduct additional fees before the money arrives — making the final amount received harder to predict than a fixed-rate app transfer.
Do I need to report money I send to family in the Philippines?
For most people, no special reporting is needed to send remittances — the IRS gift tax rules only come into play well above typical remittance amounts (the annual per-recipient exclusion is in the tens of thousands of dollars), and personal support payments to family are generally not treated as taxable gifts. This isn't tax advice; check with a tax professional if you're sending unusually large amounts.
Does SulitSend charge anything to use this comparison?
No — SulitSend is free to use. Some providers pay us a referral commission if you sign up through our links, but you pay the same price either way; it never affects the rates or ranking shown here.