Send money from United States to Philippines
Comparing 4 ways to send USD to PHP. Mid-market rate: 1 USD = 61.667113 PHP. Updated 2026-05-24.
| Provider | Total cost | Recipient gets | Time | |
|---|---|---|---|---|
USDC via Coinbase to Coins.ph CheapestManually checked 2026-04-30 Source: Coinbase + Polygon + Coins.ph (3-source aggregate) Coinbase USD->USDC (ACH free tier), Polygon network ($0.10 fee), off-ramp via Coins.ph (~0.3% spread vs mid-market). 2026-05-12 schema migration (Rank 3 item 7): flat fixedFee=0.1 + percentFee=0.003 migrated into usdcRoute.chain.fixedFee=0.1 and usdcRoute.offRamp.percentFee=0.003 respectively. Total cost preserved exactly. Next operator USDC re-verify captures each component directly (Coinbase fee, current Polygon fee, current Coins.ph spread).
| USD 2.83 | PHP 61,492 | 5 min | No referral |
Remitly Manually checked 2026-04-30 Source: Remitly quote page 2026-05-09 schema migration: prior fxMarkup was 0, so providerRate equals midMarketRate. Next operator weekly verify replaces this with the rate captured directly from remitly.com (Economy tier, bank deposit).
| USD 3.72 | PHP 61,438 | Instant | No referral |
Wise Manually checked 2026-05-24 Source: Wise quote page | USD 13.55 | PHP 60,832 | 2 hours | No referral |
Western Union Manually checked 2026-04-30 Source: Western Union quote page 2026-05-09 schema migration: providerRate back-calculated from prior fxMarkup (0.016210) and midMarketRate (61.683618). Next operator weekly verify replaces this with the rate captured directly from westernunion.com (bank deposit payout, bank funding).
| USD 20.87 | PHP 60,380 | 0-4 Business days | No referral |
No referral links on this comparison currently. If a provider’s affiliate program is added later it will be marked, and ranking remains based purely on total cost.
Assumptions and what is not included
Each row above represents a specific quote method. Comparing across rows is only meaningful when the methods are held constant.
- Wise: ACH bank transfer in, bank deposit in PHP, standard speed.
- Remitly: ACH bank transfer in, bank deposit in PHP, Economy tier (not Express).
- Western Union: bank-account funding in, bank deposit in PHP (not cash pickup).
- USDC route: Coinbase ACH purchase, Polygon network, Coins.ph wallet payout.
Not included in the displayed total cost:
- First-time-user delays: KYC review, ACH deposit holds, two-factor setup.
- Recipient-side wallet KYC review on Coins.ph or similar (especially for new accounts).
- Recipient cash-out fees if the PHP is later moved out of a wallet.
- Sender-side bank fees on outgoing ACH or wire transfers (varies by bank).
- Network slippage if the wrong network is selected on a stablecoin send.
See methodology for the full formulas, source attribution, and verification cadence.
Why these four, not Xoom / WorldRemit / MoneyGram / US Bank Wire? The trim is deliberate while we keep weekly verification by hand. See methodology “Why these four providers” for the full reasoning and the Phase 1.5 expansion plan.
First time?
USDC vs Wise for the Philippines: which is actually cheaper? -- step-by-step walkthrough.