From XU Magazine, 
Online News

The best way to send money from the UK to the Philippines

August 12, 2021

This article originated from the Xero blog. The XU Hub is an independent news and media platform - for Xero users, by Xero users. Any content, imagery and associated links below are directly from Xero and not produced by the XU Hub.
You can find the original post here:

There are about 200,000 Filipinos in the UK. They are a growing sector in the British healthcare system, representing the second largest group of foreign nationals after Indians.

What’s the best way to send money to the Philippines?

When sending money to the Philippines, traditional banks can be expensive and slow, with high fees and transfers taking at least several days. Instead, an online money transfer provider can let you send money abroad fast and at a low cost.

That’s where we come in! With Revolut you can send money abroad fast and at a great exchange rate. We’re committed to providing our customers with the best rates when it comes to currency exchange.

How much does it cost to send money to the Philippines?

We charge a fixed percentage fee of 0.3%, pegged to a minimum of £0.30 and a maximum of £5. You’ll also get the interbank exchange rate for your transaction.

How does Revolut compare against other service providers?

The image below shows how much the transaction will cost with different providers. This is accurate as of 2021, at the time of the sample.

Before you confirm the transfer, Revolut will tell you:

  • The amount your recipient gets
  • The exchange rate for this particular transaction
  • The amount exchanged in GBP
  • The fees charged
  • The total amount you pay
  • The estimated time it will take your money to reach the recipient

How long does a transfer to the Philippines usually take?

In most cases, transfers to the Philippines from the UK arrive between 1 to 3 working days.

Great! How can I send money to the Philippines with Revolut?

If you're already a Revolut customer, you can send money to a bank account in the Philippines by adding it as a beneficiary in your Revolut app. Not a customer yet? Download the Revolut app, set up a free account, top it up via bank transfer and you're ready to start sending money home.

Why leave it there?

To keep up to date with the latest news from Revolut

Straight to your inbox

Subscribe to our newsletter for updates as they happen
We hate spam too. We NEVER sell our mailing list.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.