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Once OFX receives your funds, 80% of all major currency transfers are processed in 24 hours
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Philippines Money Transfers – FAQs
Is there any limit on how much money I can send to the Philippines?
No. OFX can transfer any amount over $250.
Can I send money from a Philippines bank account to Australia?
Unfortunately, we cannot send pesos from the Philippines to the Australia. However, if your Philippine account is in another currency such as USD or AUD, we can help.
Does OFX transfer money to all Filipino banks?
OFX can transfer funds to most banks in the Philippines, including, but not limited to:
Land Bank of the Philippines
Bank Negara Indonesia
Bank of the Philippine Islands
The OFX-factor:You can reach our dedicated customer service agents 24/7 (including weekends and most holidays). When others are closed, we’re open. Need a quote? Need it ASAP? Need to talk to someone about your mother? We’re here for you.
How to Send Money to the Philippines
Gather the relevant banking information including the name on the recipient’s bank account, the BRSTN (Bank Routing Symbol Transit Number), the SWIFT/BIC code, and the CHIPS UID.
Create a free online account with OFX, or login to get a live quote for your money transfer.
Enter your details and those of your recipient.
Choose ‘finalise transaction’ to process your payment.
It’s easy and affordable to send money to the Philippines using OFX. Even if you’re not ready to transfer funds today, you can sign up now, so your account is active and ready when a great exchange rate comes up.
What currency is used in the Philippines?
The primary currency in the Philippines is the Philippine peso. Pesos are the much preferred currency, but you may occasionally be able to pay for some items in hotels in foreign currencies such as US or Aussie dollars. Be aware that hotel exchange rates are often poor. You will need pesos in all rural areas and when dealing with local shop owners. Many forums on the Philippines suggest converting money once you get there to get a better exchange rate than you will from vendors in your home country.
How to send money to the Philippines at a great exchange rate
If you want to read up on the factors that influence the value of the PHP or other currencies, head over to the Exchange Rates section of our site.