What It Costs to Send Money to Philippines from the US
In the 2024 Q3 World Bank Remittance Prices Worldwide quarterly survey, sending USD 200 from the United States to the Philippines carried a median total cost of 5.02% and an average total cost of 5.02% of the amount sent. Total cost as defined in that survey combines the transfer fee charged by the provider and the exchange-rate margin — the difference between the mid-market rate and the rate applied to the transaction — expressed together as a percentage of the send amount.
Across the 57 providers surveyed in that 2024 Q3 snapshot, total costs ranged from a low of 0.00% to a high of 17.50%, illustrating a wide spread between options. The cheapest surveyed provider in that specific survey period was MoneyGram. Because this reflects a dated quarterly survey rather than live pricing, the provider lineup and their costs may have changed since that data was collected.
Costs within this corridor can differ depending on the payment method used (such as bank account or debit card), the payout method available to the recipient (such as bank deposit or cash pickup), and the amount transferred. The World Bank updates this survey each quarter. The per-provider table below presents the individual figures drawn from that 2024 Q3 survey and should be read as dated reference quotes, not current pricing.
Surveyed providers (2024 Q3)
| Provider | Type | Pay-out | Speed (surveyed) | Total cost, $200 | Total cost, $500 |
|---|---|---|---|---|---|
| MoneyGram | MTO | Internet | Less than one hour | 0.00% | 0.00% |
| Walmart2World | Bank | Agent | Less than one hour | 1.36% | 0.16% |
| Remitly | MTO | Internet | 3-5 days | 1.52% | 0.62% |
| Remitly | MTO | Internet | 3-5 days | 1.52% | 0.62% |
| MoneyGram | MTO | Internet | Same day | 1.92% | 1.62% |
| Ria | MTO | Internet | 3-5 days | 2.24% | 1.97% |
| Xoom | MTO | Internet | Less than one hour | 2.35% | 2.06% |
| Xoom | MTO | Internet | Less than one hour | 2.35% | 1.60% |
| Western Union | MTO | Internet | 3-5 days | 2.40% | 2.10% |
| MoneyGram | MTO | Internet | Next day | 2.42% | 1.82% |
| WorldRemit | MTO | Internet | Less than one hour | 2.54% | 2.54% |
| WorldRemit | MTO | Internet | Less than one hour | 2.59% | 2.59% |
| Ria | MTO | Internet | Less than one hour | 2.74% | 2.17% |
| M.Lhuillier Financial Services | MTO | Agent | 2 days | 3.00% | 1.60% |
Total cost = transfer fee + exchange-rate margin, as a percent of the amount sent, at the two surveyed send amounts ($200 / $500). Surveyed prices, not live quotes.
Estimate your transfer cost →Source: The World Bank, Remittance Prices Worldwide, available at http://remittanceprices.worldbank.org (CC BY 4.0). Figures are from the 2024 Q3 survey — surveyed prices, not live quotes.