Guide to Transferring Money to BPI Bank in the Philippines | CompareRemit
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How to Send Money to BPI Bank in the Philippines

Updated on December 21, 2022 12:35 pm
BPI Bank in the Philippines

Are you looking for the easiest and fastest way to send money to the Philippines? You've come to the right place.

While there are many delivery options when sending money to the Philippines, one popular option is to send money to the Philippine bank.

The Bank of the Philippine Islands (BPI), founded in 1851 in Manila, is the first bank in both the Philippines and Southeast Asia. It is one of the country's largest and most trusted commercial banks.

You can either directly send international money transfers and cash pick-ups to a BPI branch or a BPI payout partner to friends and family in the Philippines. It has 800 BPI branches and 5,800 Member Payout Networks.

Over 2 million Filipinos live outside of the Philippines, and many of them provide financial assistance for their families back home. The local economies throughout the country benefit from the remittances made by these immigrant workers. One common option for Filipinos staying abroad is to send money to BPI bank accounts.

However, using high-street banks and other traditional providers when sending money from overseas to a BPI location can result in delayed transfer times and costly transfer fees.

The good news is that there are specialized money transfer companies committed to transferring your money to any BPI account from outside the Philippines with ease.

You can send transfers in hours or even minutes and save money with excellent exchange rates if you use a digital money transfer specialist like Remitly or Wise. In this blog, we discuss how to send money to the Philippines and also list the top money transfer specialists.

How to Send Money to BPI Bank in the Philippines?

Transferring money to a BPI account is fast, easy, and secure with money transfer companies or their money transfer apps that have flooded the market in recent times. To get started with your transfer:

  • Sign up for a free account with your choice of money transfer companies or download their app
  • Enter your details
  • Set the Philippines as your destination
  • Enter the transfer amount
  • Choose your delivery option (money transfer, cash delivery, or cash pick-up)
  • Enter the recipient’s information
  • Confirm your payment details
  • Click ‘Send’
  • Track you transfer till it reaches your recipient

List of Money Transfer Specialists to Send Money to BPI Bank


Wise is a London-based online and mobile payment service company that allows customers to send money internationally from 59 countries to more than 80 countries with transparent fees and real exchange rates.

Wise is one of the best international money transfer apps. Wise is great for small to medium-sized bank transfers (up to US $10,000).

If you’re transferring to a BPI bank account, you’ll need to provide a BIC or SWIFT code along with details like the bank address.


  • Cheaper & faster & secure international money transfers
  • Low fees & real exchange rates
  • Multi-currency account option & hold up to 50+ currencies
  • 38% of transfers are completed in <20 secs, & 53% of transfers in an hour


Popular currency converter Xe provides money transfer services in 139 currencies to more than 220 nations and territories. It is a popular choice for international transfers due to its low fees and competitive exchange rates.

To make the transfer, you will need to provide your recipient’s name, address, bank name, bank account number, and BIC/SWIFT code. You can get a quote for your chosen currency. With XE, you can transfer money more cheaply than with a bank.


  • No fees or minimum transfer amount
  • Great exchange rates for larger transfer amount
  • Well-known & trusted brand
  • Money transfers to the Philippines are completed in minutes
  • Transfer up to $500,000 online
  • Get in touch with XE currency experts to send more


Remitly is a US-based international money transfer service that allows users in 21 countries to send money over 100 countries. It mainly helps immigrants who are looking for cheap, convenient, and fast money transfer services.

Remitly can be considered one of the cheapest money transfer services in the Philippines. It supports cash delivery and cash pick-up to BPI locations in the Philippines from several countries. You can send money to the Philippines from the USA (USD to PHP), Canada, the UK (GBP to PHP), Germany, Australia, Singapore, Italy, and the Netherlands.


  • No hidden fees
  • Promotional exchange rates for first-time users
  • Offer two modes of transfer. Economy (3-5 business days); Express (Delivers within minutes)
  • Sending limits: $2,999 within 24 hours, $10,000 within 30 days, & $18,000 within 180 days


Instarem is a Singapore-based online remittance service that offers affordable and quick online international money transfers to more than 60 different countries through its extensive global network of over 8000 institutions.

Much like Wise, their exchange rates are sourced from Reuters, and their transfer fees are always shown upfront. It notably offers great prices from Canada, the EU, and the US. Although it doesn't deal directly with cash payout providers in the Philippines, you can send money to BPI bank and then pick up your cash at a BPI payout agent there.


  • No hidden charges
  • Get discounts, first transfer bonus, referral bonus
  • Same day or next business day delivery
  • Best for small transfers
  • Majority of the transfers are completed within minutes
  • Bank account transfer & cash delivery available in the Philippines

Panda Remit

Panda Remit is a Hong Kong-based remittance service provider that offers affordable international money transfer services to more than 30 countries with competitive exchange rates and no hidden fees.

It allows for both cash pickup and cash delivery to BPI locations in the Philippines. It also waives fixed fees and provides exceptional rates for sending money to the Philippines.


  • Zero fees on first transfer
  • Low fees & attractive exchange rates
  • Transparent fees
  •  Receive money within minutes (as fast as in 2 minutes)
  • Cash pick-up and cash delivery are available
  • 100% money-back guarantee if not satisfied


Pangea is a remittance service provider that facilitates simple, safe, and cheap international money transfers from the U.S. to 40 countries. 

Pangea is not available in all U.S. states. Check to see if it's accessible in the states where you reside.

With the ability to integrate with any third party, Pangea's digital-first remittance platform enables partners to provide international money transfers through their partner apps or websites.


  • Fixed transfer fees
  • No hidden costs
  • Discount offers for new customers
  • Earn cash with their referral program
  • Money transfers completed in less than 30 secs or in 24 hours
  • Daily transfer limit: $2,999
  • Great option for sending money to Latin America & Asia
  • Send money to a bank account, debit card, a mobile wallet or cash pickup locations

Since exchange rates fluctuate all the time and there are several money transfer companies, each with their benefits and downsides, it is best to compare your options. To find the best international money transfer specialist, compare money transfer services to send money to the Philippines today!

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