10 Best Ways To Send Money From Canada to the Philippines

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Written by Enoch Omololu

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The need to transfer money across borders is becoming increasingly common. It is used for many reasons, such as financial support for loved ones, paying bills, or making business transactions. 

For instance, sending money from Canada to the Philippines is essential to maintaining financial stability for many individuals and families.

However, with so many available options, knowing which method is best for your needs can be challenging. 

In this article, you will learn the ten best ways to send money from Canada to the Philippines. We will provide all the necessary information, such as fees and transfer time. 

How to Send Money from Canada to the Philippines Online 

Learning about the best ways to send money from Canada to the Philippines will help you make an informed decision so that your money will be transferred safely and efficiently.

Below are the ten (10) best ways to do so. 

1. Wise

One of the best ways to send money from Canada to the Philippines is through Wise. Wise is well known for its low fees and transparency. This makes it an attractive choice for people who need to transfer money internationally. 

Wise also offers a multi-currency account which allows customers to hold up to 40 different currencies at once.

With Wise, you can send money to bank accounts and mobile wallets in minutes. The recipient receives the funds in their local currency.

From Canada to the Philippines, Wise charges a transfer fee of 0.75% of the amount transferred.

Some of the benefits of using Wise include: 

  • No hidden fees 
  • No markup on the exchange rate, and 
  • 24/7 customer support in case you encounter any problems with the Wise transfer. 

However, Wise does not offer banking services or Wise bank. You may need to find a separate banking provider to manage your money.

Related: Use a Wise referral code to send $800 free.

2. MoneyGram

MoneyGram is a well-known name in the money transfer industry. It offers fast transfers and a large network of cash pickup locations in the Philippines. It also offers online transfers and mobile wallet deposits for convenience. 

The exchange rates are competitive. The transfer time is usually between 1-3 business days, depending on the amount and the currency.

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Some disadvantages of using Moneygram are:

  • The fees may be higher than other options. They are based on the amount you are sending, increasing from around Php5,000 to Php10,000
  • The online transfer limit is only $10,000
  • They lack phone support. 

3. WorldRemit

WorldRemit has low fees and good exchange rates for transfers to the Philippines. It also offers a variety of delivery options, including bank transfer, cash pickup, mobile wallet, airtime top-up, and home delivery. 

WorldRemit transfer fees can be as low as CAD 5.42, with a transfer time of 1-2 days. It also has a WorldRemit Wallet feature that lets you send money instantly to your recipient’s mobile phone.

However, WorldRemit has limited cash pickup locations in the Philippines.

4. Remitly

Remitly is another great way to send money from Canada to the Philippines. It is well-known for its competitive exchange rates, fast transfers, and easy-to-use mobile and web-based platforms. It offers a variety of payment options, including bank transfers and debit/credit cards. 

Economy transfers using Remitly cost $2.99 and can take 3 to 5 business days to reach your recipient. Express transfers cost $4.99 and are instant if you pay with a credit card. 

However, credit card payments also incur an additional 3% fee on top of the exchange rate margin. Remitly also has a limit of CAD 6,000 per transfer for new customers. 

Remitly’s customer support team is available 24/7. They provide helpful guidance and answer any questions you may have.

Additionally, through Remitly Philippines, you can send money from Canada to the Philippines directly to trusted banks, cash pick-up locations, mobile wallets, or via home delivery. 

5. OFX

OFX is a good option for large transfers. It does not charge any fees and offers competitive exchange rates that get better as you send more money. It also has 24/7 customer support and online tracking tools for your transfers. 

Additionally, OFX is very transparent about its fees and exchange rates, which is a plus for users. OFX charges 15 CAD for transferring funds under $10,000.

However, it also has limited cash pickup locations in the Philippines.

image showing a man is sending money to the philippines from canada

6. Instarem

Instarem is a relatively new player in the money transfer industry, but it is quickly gaining popularity. It offers competitive exchange rates and low fees. You can send money directly to a bank account or a cash pickup location. 

Instarem charges a variable fee based on a percentage of the amount you send, which can range from 0.25% to 1%. It also applies a margin on the exchange rate. 

It has fast delivery times, usually within one business day, and supports transfers to over 60 banks in the Philippines.

On the downside, Instarem may have slow customer service and verification processes, according to some customer reviews. 

Related:

7. RemitBee

RemitBee is a Canadian-based online money transfer service that offers zero fees for transfers over CAD 500 and low fees for smaller amounts. However, if you pay with a credit card, you will incur a 1.5% fee plus an additional 2.5% charged by your card issuer. 

RemitBee has competitive exchange rates and fast delivery times within minutes or hours, depending on your payment method, the amount, and the currency. 

On the downside, it is only available in Canada, so you cannot use it if you are sending money from another country, like the Philippines. 

8. Western Union

Another example of reliable and secure way to send money from Canada to the Philippines is through Western Union. It is one of the providers that offer the best remittance to the Philippines. 

There are three ways you can send money from Canada to the Philippines using Western Union. You can send it online through their website. You can also send it through the Western Union app.

Lastly,  you can send money in person from Canada to the Philippines through Western Union’s 2,700 Canadian agent locations. 

Western Union’s transfer fees depend on the amount and your payment method. If you send CAD 100 by bank transfer for cash pickup, the fee is CAD 9. If you pay by credit card, the fee is higher. 

Western Union is known for its speedy transactions. Sending money from Canada to the Philippines can be completed within minutes. 

However, the exchange rates of Western Union are typically higher compared to other money transfer service providers. 

9. Sendwave

Sendwave is a mobile app that lets you send money from Canada to GCash wallets in the Philippines.

It does not charge any fees for sending money from Canada to the Philippines. However, they do apply a small margin on the exchange rate, which means you get slightly less Philippine pesos for your Canadian dollars than the mid-market rate. 

It also has instant delivery times and an easy verification process using your phone number

10. Paysend

Paysend is an online platform that lets you send money from Canada to bank accounts or cards in the Philippines with low flat fees of $ 2 for transfers under $200 and 1% for transfers over $200.

It also has good exchange rates based on live market data. Lastly,  it has fast delivery times within minutes or hours, depending on your payment method.

However, Paysend does not have a dedicated customer service phone number for Canada, only an email address and a chatbot. 

What is the Cheapest Way to Send Money from Canada to the Philippines?

The cheapest way to send money from Canada to the Philippines is through Wise. This is because it uses local bank account transfers instead of international wire transfers, which reduces the fees and exchange rate markups.

Wise also offers the mid-market exchange rate every time, which is the real exchange rate that you see on Google or Reuters. 

Wise charges a fixed fee of CAD 4.01 and a variable fee of 0.66% for sending money from Canada to the Philippines. This is lower than other services that charge higher fees or add a margin to the exchange rate.

If sending money from your Wise balance to another Wise account in the Philippines in the same currency, you don’t pay a fee.

FAQs 

Can You Do a Bank Transfer from Canada to the Philippines?

Yes, you can do a bank transfer from Canada to the Philippines. Most banks offer international wire transfer services, but the fees and exchange rates may vary. 

It is important to compare the fees and exchange rates offered by your bank with other money transfer services to ensure that you’re getting the best deal.

How Much Money Can I Send to the Philippines from Canada?

There is no limit to how much money you can send to the Philippines from Canada. However, you may need to provide additional documentation if you’re sending large amounts of money. It’s important to check with the money transfer service you’re using to see what the specific requirements are.

Can You Send Money from Canada to the Philippines Through PayPal?

Yes, you can send money from Canada to the Philippines through PayPal. However, the fees and exchange rates may not be as competitive as some of the other options on this list.

It is important to compare the fees and exchange rates offered by PayPal with other money transfer services to ensure that you’re getting the best deal.

Can Canada Send Money to GCash?

Yes, Canada can send money to GCash, which is a popular mobile wallet in the Philippines. However, you’ll need to use a money transfer service that supports GCash, such as Remitly, Wise, and Sendwave. You can send money directly to a GCash account or a cash pickup location. The fees and exchange rates may vary depending on the money transfer service you’re using.

Conclusion

Through this selection of the top 10 ways to transfer funds from Canada to the Philippines, you can ensure that your money is transferred safely, efficiently, and cost-effectively. 

These online transfer services have revolutionized the way we send money across borders, making it easier and more accessible than ever before. 

Choose the best option for your needs, and send money with confidence.

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Enoch Omololu

Enoch Omololu is a personal finance expert. He has a master’s degree in Finance and Investment Management from the University of Aberdeen Business School (Scotland) and has completed several courses and certificates in finance, including the Canadian Securities Course. Enoch is passionate about helping others win with their finances and has written about money matters for over a decade. He has been featured or quoted in The Globe and Mail, CBC News, Yahoo Finance, GO Banking Rates, Financial Post, Bankrate, Forbes, Toronto Star, CTV News, and other personal finance publications. He founded Savvy New Canadians, one of Canada’s top financial education platforms.

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