USD INR ₹ 83.50
GBP INR ₹ 105.93
CAD INR ₹ 61.05

Best Way to Send Money to Philippines from UK

Updated on December 17, 2020 01:13 pm
convert gbp to php

Online money transfers are the best way to transfer money to the Philippines from the UK. Using online remittance services offer a fast, cheap, secure, and convenient way of transferring money. CompareRemit is an online exchange rate comparison service, so we understand that you have many different options when it comes to sending money to Philippines online.

It is a tough marketplace with several money transfer specialists - traditional ones such as Western Union and Moneygram are competing with incumbents such as Wise and WorldRemit. How to send money online from UK to Philippines has definitely evolved over the years, and you'll have more options than ever, which is why comparing your options based on your needs and budget is important.

Let's look at some of the top remittance companies and what they offer customers just like you!

Best Way to Send Money to the Philippines from UK

Panda Remit

Panda Remit is a trustworthy and fast way to send money to Philippines from UK with a 100% money transfer guarantee. They are an international remittance company that was founded in Hong Kong by Wo Transfer (HK) Limited. They serve millions of global clients and offer some of the most flexible sending and receiving methods along with excellent rates.

Panda Remit's best features include:

  • No sending fees on your first transfer
  • Receive money via E-wallets, bank cards, and cash pickup options
  • Send money via mobile banking, bank cards, and online payment systems
  • Supports over 30+ countries
  • Industry-standard security protocols and encryption
  • Sending money can be as fast as just 2 minutes
  • Easy-to-use app


PassTo is a cheap and quick way to send money to over 60 countries worldwide from the UK. They offer an easy-to-use, secure platform that only takes a few minutes to download and sign-up for. 

Some of PassTo’s benefits include:

  • Discounted welcome rates for first-time users
  • Best foreign exchange rates
  • Money can arrive as quickly as a few minutes
  • FCA regulated and safe to use
  • Transparent, up-front fees

Send money from the UK with PassTo today!


Xoom is a leading money transfer provider to send money from the UK. It has the best network of delivery options and cash pickup locations in the Philippines compared to any other service provider.

The best feature of Xoom is transfer speed.

  • Cash pickup: Your money will be available within minutes
  • Bank deposit: Your money will arrive in minutes to Banco de Oro (BDO), Metrobank, and Philippine National Bank (PNB) and typically in hours to all the other banks in the Philippines.
  • Door to door delivery: Your money will be delivered to your recipient in 6 hours or less if they are in Metro Manila and the money was sent before 3 p.m., or 1 to 2 days to most provinces.

You can pay using multiple methods to facilitate your transfer through Xoom - bank account, debit card, credit card, or PayPal balance. Xoom is a PayPal service. So the best part is that if you have an account with PayPal you can start sending money to the Philippines with your PayPal payment options.

Xoom is one of the most reliable and convenient ways to send money with excellent customer support in multiple languages.

Western Union

Western Union is the largest money transfer service provider in the world. It has a large network of agents around the world. In the UK, they have about 5200 agent locations, where you can send or receive money, and in the Philippines, they have over 13000 agents across the country, where the recipient can collect the money within minutes.

Money can be sent both through multiple methods that are safe and secure - Western Union agent locations, website, mobile app or over the phone. If you are transferring money through a storefront via agents, transfer fees start from 2.90.

The benefit is that your recipient can collect the money within minutes through any of its agent locations. The rate and fees may differ depending on your location and speed of transfer.


MoneyGram International is the second biggest money transfer company in the world after Western Union.

MoneyGram may not always provide the best exchange rate compared to other money transfer service providers. However, they provide one of the fastest and the most convenient money transfer services.

They are over 10,000 agent locations across the Philippines including popular pawnshops such as Cebuana Lhuillier and Palawan Pawnshop that offer international money transfer services including picking up cash sent from abroad.

MoneyGram recently strengthened its position in the Philippines with its partnership with Gcash. OFWs can send money in minutes to GCash mobile wallets in the Philippines instantly.


The company was created in 2010 by Ismail Ahmed, a Somali migrant while studying in London. Drawing from his experience, he wanted to make money transfers cheaper and improve the experience of sending money for the entire migrant community.

There are four transfer methods of sending money through WorldRemit from the UK to the Philippines - bank transfer, cash pickup, WorldRemit Wallet, or airtime top-up.

While their airtime top-up method is not exactly a money transfer per se, you can send credit/Talktime to prepaid mobiles on the Smart, Smartbro, Smart Gold, Cignal, Globe, and Sun Cellular networks almost instantly.

Their bank transfer allows you to transfer money to any major Philippine bank - Metrobank, LandBank, Philippine National Bank (PNB), Banco de Oro (BDO), and Bank of the Philippine Islands (BPI).

They offer money transfers to the Philippines from the UK at great speed with good foreign exchange rates and low fees.


Skrill Money Transfer is an easy to use and quick way of sending money from the UK to the Philippines. For now, they offer money transfers to Mobile wallet and Bank account only for the Philippine corridor.

They charge zero fees when you use Skrill Money Transfer to send money to an international bank account. And Skrill Money Transfer does not charge recipients any fee to receive the money sent. Skrill is one of the cheapest ways of sending money to the Philippines from the UK.

It is a service for money movers and makers. Learn more about the ins-and-outs of Skrill Money Transfer to see if this is the right service for you. 

First time money transfer

Factors to Consider When Comparing Options for Money Transfer from UK to Philippines

Here are some factors to pay attention to that will help with your decision for which remittance service to use to send money to Philippines from UK.

Exchange Rates

Exchange rates between different currencies fluctuate. This means that the value of converting your GBP to PHP keeps changing.

High exchange rates get you the best value for your money. Since the UK currency to PHP rates change quickly, setting an alert when it is favorable and locking in on the rate can save you a lot of money. When you are alerted, you can convert GBP to PHP to see if the rate is at your liking.

GBH to PHP exchange rates offered by money transfer specialists differ and this is why you should shop around to get the best deal on your transfer.

Transfer Fees

Sending money across international borders comes with fees. The fees can be shown upfront or remain hidden in poor exchange rates. You may need to pay currency conversion fees as well. When looking for the cheapest way to send money from UK to Philippines, you'll definitely want to take into consideration any transfer fees.

The transfer fees vary amongst the service providers and also depend on the transfer amount, the pay-in and pay-out methods, the currency you are using, and even your destination country. Making an informed decision when transferring money saves you money.

Transfer Speed

The fastest way to get your money to your loved ones may not always be the cheapest but it is the best option in case of an emergency. You can opt for instant money transfer which is usually through cash-pick up through a money transfer agent or bank transfer which can take about 3-5 business days.

Based on your requirements, you can compare, narrow down your options, and make your choice.

Transfer Methods

How to send money to Philippines from UK comes down to your convenience. You can directly deposit your money to the recipient's bank account via bank transfer or online money transfer companies or send your money as cash through an agent. Few popular ways to send money to the Philippines are:

  1. Bank Transfer
  2. Cash Pickup
  3. Pawnshops
  4. Money Transfer Agents 
  5. Online Money Transfer

Do keep in mind that the cost of transfer will vary based on the methods you use. Using either debit or credit card can also influence the transfer cost.

Speed of Transfer

Remittances put the money into the hands of the people and household directly, lifting millions from poverty, and stimulating economic development - by providing access to finance, improving education, healthcare, and entrepreneurship.

With over 10 million Filipinos working overseas, it is no surprise that the Philippines is amongst the top recipients of remittances in the world. The remittances every year amount to billions of dollars, which adds up to about 10 percent of the country's gross domestic product (GDP). The World Bank data showed that remittance to the Philippines reached $35 billion in 2019.

The United Kingdom (UK) has a thriving Filipino community and the number has been increasing over the years. And if you are looking for the best ways to send money from the United Kingdom to the Philippines, we have got you covered.

Before we go ahead and list the best options for sending money to the Philippines, make sure you have your documents ready before sending money. To save more time and money, follow our tips on money transfer.

In conclusion, there are several ways to send money from the UK to the Philippines. We hope that this article has give you more insight on how to send money from UK to Philippines safely and securely, while also getting the best rates. The best ways would depend on several factors and your requirements - sending money for an emergency or monthly family maintenance or for a big investment, etc.

One sure way to go about is to compare all of your money transfer options and choose the one that meets your needs. All the money transfer service providers listed on CompareRemit are regulated by the Financial Conduct Authority.

Rate article:
Money Transfer FAQ's
Related Articles
USD to INR Forecast 2024
USD to INR Forecast 2024

The year 2022 concluded with the Indian Rupee hitting an all-time low against the US Dollar. The COVID-19 pandemic significantly impacted global economies, leading to the devaluation of the Indian Rupee. Throughout the pandemic, the rate experienced a gradual decline in value, setting the stage for potential recovery in 2023.The US Dollar to Indian Rupee exchange rate did, in fact, see that recovery over the year’s performance. 2023 ended on a high, with the exchange rate averaging at $1 = ₹83.249 in December 2023.As we are well into 2024, it is crucial to begin looking to the future and understand what the predictions for the year’s rates are. If you are planning to send money to India this year, this is particularly important as it will help you understand what is the best time to send your money and take advantage of an opportune rate.  Navigating the USD to INR exchange rate landscape requires understanding market dynamics and leveraging available resources to make informed decisions in 2024 and beyond. That is why we have accumulated expert forecasts and predictions all in one place for you. In this guide, we will be covering the Indian rupee's current outlook, what's driving the value of USD, the USD to INR forecast, and much more.The US Dollar-Indian Rupee Performance in 2023As we delve into the USD to INR forecast for 2024, let's rewind and understand the context.2023 had an unpromising start, leaving many wondering whether the value of the Rupee was going to continue to decline despite the aftershocks of the pandemic having pretty much worn off. On January 20th, 2023, the USD to INR exchange rate reached its lowest point for the year. However, as the year progressed, 2023 witnessed a slow but steady increase in the exchange rate compared to 2022. The USD/INR rate experienced a positive shift of +0.62% in 2023, indicating an increase in the value of the US Dollar against the Indian Rupee. The year's peak rate was recorded at 83.442 INR on September 19, 2023, with an average exchange rate of 1 US Dollar = 82.579 Indian Rupee for the year.Various factors contributed to the strength of the USD against the INR and the subsequent exchange rate fluctuations. Economic indicators, such as GDP growth rates, inflation, and employment data, played a significant role. Additionally, geopolitical events, trade policies, and interest rate differentials between the US and India influenced investor sentiment and currency valuations.What Factors Contribute to the US Dollar’s Strength & Exchange Rate Fluctuations?Various factors contributed to the strength of the USD against the INR and the subsequent exchange rate fluctuations. Economic indicators, such as GDP growth rates, inflation, and employment data, played a significant role. Additionally, geopolitical events, trade policies, and interest rate differentials between the US and India influenced investor sentiment and currency valuations.The aftermath of the pandemic boosted investor confidence in the robust US economy, while economic indicators, trade imbalances, and geopolitical events played their part in shaping the fluctuations of the USD to INR exchange rate in 2023.Will the Indian Rupee Get Stronger Against the US Dollar in 2024?Current market sentiment indicates a bullish outlook for the USD to INR exchange rate. That means the overall market-in favor of the United States-is expected to go higher, meaning that the value of the US Dollar is expected to increase. The US Dollar is projected to experience a 1.64% rise in the next year, with the USD to INR rate anticipated to reach around ₹ 84.82. We have already begun to see the rate reach closer to that rate as the yearly average so far has been around ₹ 83.17.[Source: Coincodex]This is good news for those hoping to send money to India in 2024 as the rate leans more favorably for the US Dollar. It is, however, unfortunate news for those wanting to convert their Indian Rupee to travel to the United States, study in the USA, etc. 2024 USD to INR ForecastAs we peer into the crystal ball for 2024, as stated before, the current sentiment in the USD to INR market is currently estimated to be bullish. The 14-day RSI reading is 53.64. Forecasts suggest an upward trajectory for the USD to INR exchange rate in the coming months. Projections for the next six months indicate a potential 1.42% increase, bringing the exchange rate to ₹ 84.64. Looking further into the future, as stated earlier, the one-year forecast anticipates a 1.64% rise, resulting in a rate of ₹ 84.82.2024 Monthly USD/INR ForecastThis all can be very overwhelming for those of us unfamiliar with how to navigate market fluctuations or even interpret terminology used by experts when discussing the exchange rate and market health. That is why we are providing you with a monthly breakdown with the predicted exchange rates for each month in 2024, that way you can make the best decision for when you would like to send money from the US to India or send money from India to the US. The following INR USD forecasts are based on information that is currently available.  Depending on the extent to which key factors, such as interest rates and central bank policy match market expectations, the forecasts could be changed and turn out to be false. Please make sure to always conduct your own research and remember that future results don't depend on past performance.Dollar to Rupee forecast February 2024: At the beginning 83.06 Rupees. At the end of the month 82.81, the change for February -0.3%. Maximum 84.07, minimum 81.53. The average exchange rate is 82.87.Dollar to Rupee forecast March 2024: At the beginning 82.81 Rupees. At the end of the month 82.78, the change for March 0.0%. Maximum 84.02, minimum 81.31. The average exchange rate is 82.73.Dollar to Rupee forecast April 2024: At the beginning 82.78 Rupees. At the end of the month 82.67, the change for April -0.1%. Maximum 83.91, minimum 81.43. The average exchange rate is 82.70.Dollar to Rupee forecast May 2024: At the beginning 82.67 Rupees. At the end of the month 82.53, the change for May -0.2%. Maximum 83.77, minimum 81.29. The average exchange rate is 82.57.Dollar to Rupee forecast June 2024: At the beginning 82.53 Rupees. At the end of the month 82.61, the change for June 0.1%. Maximum 83.85, minimum 81.37. The average exchange rate is  82.59.Dollar to Rupee forecast July 2024: At the beginning 82.61 Rupees. At the end of the month 82.82, the change for July 0.3%. Maximum 84.06, minimum 81.58. The average exchange rate is 82.77.Dollar to Rupee forecast August 2024: At the beginning 82.82 Rupees. At the end of the month 83.16, the change for August 0.4%. Maximum 84.41, minimum 81.91. The average exchange rate is 83.08.Dollar to Rupee forecast September 2024: At the beginning 83.16 Rupees. At the end of the month 83.63, the change for September 0.6%. Maximum 84.88, minimum 82.38. The average exchange rate is 83.51.Dollar to Rupee forecast October 2024: At the beginning 83.63 Rupees. At the end of the month 83.82, the change for October 0.2%. Maximum 85.08, minimum 82.56. The average exchange rate is 83.77.Dollar to Rupee November 2024: At the beginning 83.82 Rupees. At the end of the month 83.20, the change for November -0.7%. Maximum 84.45, minimum 81.95. The average exchange rate is 83.36.Dollar to Rupee December 2024: At the beginning 83.20 Rupees. At the end of the month 84.15, the change for December 1.1%. Maximum 85.41, minimum 82.89. The average exchange rate is 83.91.Sending Money from the US to India in 2024For those looking to send money from the US to India in 2024, numerous options and companies offer highly competitive rates. Some even provide first-time rates higher than the economic USD to INR exchange rate. Utilizing a comparison tool can help individuals find the best way to send money, ensuring they get the most favorable rates for their transactions. Use the CompareRemit comparison tool to find the best USD to INR exchange rate. How to Get the Best USD to INR Rate in 2024Compare and contrast the top money transfer companies on the market to find the best USD to INR exchange rate using our comparison tool.  Protip: Many companies offer a first-time user rate that is significantly better than their regular rate. Make sure you utilize those offers to get the best exchange rate that you can. ConclusionAs the USD to INR forecast for 2024 unfolds, staying informed about currency dynamics is essential for making informed financial decisions. Whether conducting international transactions for business or personal purposes, understanding exchange rate trends and exploring efficient remittance methods empower individuals to navigate the currency landscape with confidence and foresight.However, do keep in mind that the forecasts are often inaccurate and subject to correction. The USD to INR forecasts are based on the rate of inflation, central bank policies, and the health of the US and Indian economies.Send money home to India today while the USD to INR exchange rate is in your favor! Compare rates and providers by using our online comparison tool.

Union Budget 2024
Union Budget 2024: What Is In It For The NRIs?

The Indian Union Budget 2024, a significant event in the country's financial calendar, holds implications for Non-Resident Indians (NRIs) as well. Let's explore the key highlights of the budget announcement and how it may affect NRIs.Key Highlights of the Budget AnnouncementTaxation ReformsThe budget proposes various taxation reforms aimed at simplifying the tax structure and promoting investment. It includes changes in income tax slabs and rates, with the aim of reducing the tax burden on individuals.The two income tax slabs remain unchanged and taxpayers can continue to choose between the two. The most notable differences between the two slabs lies in the fact that the old tax regime allows taxpayers to avail exemptions under various sections of income tax rules. The new text regime, however, offers a fixed but lower tax rate than its predecessor. The finance minister, Nirmala Sitharaman, had announced in the 2023-2024 budget that there will be a hike in the income tax rebate limit from 5  lakh Indian rupees to 7 lakh Indian rupees under the new income tax regime. Furthermore, she also issues a hike in the lowest exemption limit under the new tax slab from 2.5 lakh Indian rupees to 3 lakh Indian rupees. Infrastructure DevelopmentWithout getting too deep in the nitty gritty details, significant allocations have been made towards infrastructure development projects, including transportation, energy, and urban infrastructure. These investments aim to boost economic growth and create employment opportunities.Boost to Healthcare The budget focuses on strengthening the healthcare sector by increasing allocations for healthcare infrastructure, research, and development. This could lead to improvements in healthcare facilities and services across the country.Promotion of Digital EconomyMeasures are proposed to promote the digital economy, including investments in digital infrastructure and the expansion of digital payment systems. This could facilitate greater financial inclusion and ease of transactions for NRIs.Impact on Non-Resident IndiansThe budget announcements could have several implications for NRIs:Tax Planning: NRIs should stay updated on changes in tax laws and assess their impact on their financial planning. Changes in income tax rates and exemptions may influence investment decisions and retirement planning for NRIs.Investment Opportunities: Investments in infrastructure projects present attractive opportunities for NRIs looking to invest in India. NRIs may consider diversifying their investment portfolio to include sectors such as real estate, infrastructure, and healthcare.Digital Transformation: The promotion of the digital economy could lead to the expansion of digital banking services and investment platforms, making it easier for NRIs to manage their finances and invest in India remotely.Understanding NRE and NRO AccountsOne of the most important decisions an NRI will need to make is which caliber of savings account they want to hold once they immigrate. If you have not made the decision just yet, make sure you tackle that before you start sending money to India or investing. India’s banking system offers two types of accounts tailored for Non-Resident Indians (NRIs): Non-Resident External (NRE Account) and Non-Resident Ordinary (NRO Account).Non-Resident External (NRE) Account: An NRE account allows NRIs to maintain foreign earnings in Indian rupees. It offers full repatriation of both principal and interest earned, making it ideal for parking foreign income.Non-Resident Ordinary (NRO) Account: An NRO account is used to manage income earned in India, such as rental income, dividends, or pension. While the principal amount is repatriable, the interest earned is subject to certain restrictions.To gain a more in-depth understanding of the various benefits and drawbacks of NRE Accounts vs. NRO Accounts, rest assured you can find all the information with CompareRemit.  To compare the top NRE and NRO accounts and find the best one for you, visit the NRE Account Compare Page or the NRO Account Compare Page.Frequently Asked Questions (FAQs) Are NRIs required to pay taxes in India?NRIs are liable to pay taxes in India on income earned or received in India. However, they may be eligible for certain exemptions or deductions under the Double Taxation Avoidance Agreement (DTAA) or domestic tax laws.Can NRIs invest in Indian stocks and mutual funds?Yes, NRIs can invest in Indian stocks and mutual funds subject to certain regulations prescribed by the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI).Can NRIs open joint accounts with Indian residents?NRIs can open joint accounts with Indian residents, subject to compliance with the rules and regulations specified by the respective banks.What is the procedure for repatriation of funds from NRE and NRO accounts?Funds from NRE accounts are fully repatriable, while funds from NRO accounts are subject to repatriation restrictions. NRIs need to follow the prescribed procedures and documentation requirements for repatriating funds from these accounts.How can NRIs stay updated on changes in Indian financial regulations?NRIs can stay informed about changes in Indian financial regulations by regularly monitoring updates from regulatory authorities such as the RBI, SEBI, and the Income Tax Department, as well as consulting financial advisors specializing in NRI services.

Understanding USD to PHP
Understanding USD to PHP Exchange Rates in 2024

For many immigrants or individuals supporting their families in the Philippines, understanding the fluctuations in USD to PHP exchange rates is very tricky. Navigating the intricacies of these rates involves examining a spectrum of economic, political, and social factors.CompareRemit is here to make life easier for you, so you can make the best decision with little to no hassle on your part. In this guide, we'll unravel the complexities surrounding USD to PHP exchange rates, providing valuable insights to empower you in making informed decisions for your money transfers.​​Interest Rates: The Currency Tug-of-WarOne of the primary factors that influence exchange rates is  interest rates. When the U.S. Federal Reserve adjusts interest rates, it sends ripples through the currency market. Generally, higher interest rates attract foreign investment, strengthening the USD against the PHP. For individuals, keeping an eye on interest rate differentials between the U.S. and the Philippines can offer insights into potential shifts in exchange rates.Inflation: The Balancing ActInflation, the rise in the price of goods and services, plays a pivotal role in currency valuation. Countries experiencing lower inflation rates often witness an appreciation in their currency. Comparing inflation rates between the U.S. and the Philippines allows you to gauge the potential strength of the USD. A lower inflation rate in the U.S. compared to the Philippines may contribute to a stronger USD.Government Policies: Shaping Economic StabilityGovernment decisions and economic policies, both domestic and international, have large impacts on exchange rates. Policies promoting economic stability, prudent fiscal management, and sound monetary measures contribute to a stronger currency. Staying informed about the policies of both the U.S. and the Philippines will allow you to gain an understanding of the economic health and help predict dips and rises in exchange rates. Trade Balances: A Global PerspectiveThe dynamics of global trade, including exports and imports, definitely impact currency values. A country with a trade surplus, exporting more than it imports, may see a stronger currency. It might be very tedious to stay up to date with trade imbalances between the U.S. and the Philippines, but doing so can serve as an indicator of potential exchange rate movements.Historical Data: Patterns and PredictionsAnalyzing historical USD to PHP exchange rate trends can reveal patterns and provide insights. While past performance doesn't guarantee future results, understanding how rates responded to similar economic, political, or social events can guide your decisions. Historical data offers a valuable tool for predicting potential movements in exchange rates.Practical Tips for Informed Money TransfersStay Informed: Regularly follow financial news and updates from both the U.S. and the Philippines to understand the broader economic context. Regularly read our blogs to stay up to date with all the major money transfer news. Utilize Reliable Tools: Use CompareRemit’s online comparison tool and email alerts to track real-time exchange rates, ensuring you get the best value for your money transfers.Seek Professional Advice: Consulting financial experts or using professional services can provide personalized insights tailored to your specific situation, enhancing your decision-making process.In conclusion, comprehending the factors influencing USD to PHP exchange rates empowers you to make informed decisions when sending money to the Philippines. By staying attuned to economic indicators, leveraging historical data, and adopting a proactive approach, you optimize your money transfers, securing a more stable financial future for your loved ones.

Download the CompareRemit App
Download the CompareRemit App
Personalize your CompareRemit experience with your preferred corridor and receive target exchange rate notifications, seamless transitions to partner apps, and real-time comparisons of top remittance providers at your fingertips.
Personalize your CompareRemit experience with your preferred corridor and receive target exchange rate notifications, seamless transitions to partner apps, and real-time comparisons of top remittance providers at your fingertips.

Get Listed or Advertise

Download Our Free App

Try our faster, enhanced mobile app for a better experience

CompareRemit App