Sending money from the USA to the Philippines has become increasingly convenient and efficient with the help of various online platforms and money transfer services.

We’ll discuss four potential options for sending money to the Philippines: Wise, Western Union, Remitly, and Parallax.

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1. Wise: Formerly known as TransferWise, Wise is a cost-effective online money transfer service with competitive exchange rates and low fees. To note: Wise doesn’t offer cash pickup locations. Check out these steps:

• Sign up for a Wise account online or through their mobile app.
• Provide the recipient's bank details
• Fund your transfer by linking your bank account or using a debit or credit card.
• Review the transfer details and confirm the transaction.
• Track the transfer status through the Wise platform.

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2. Western Union: WU is a well-established and widely recognized money transfer company. It provides multiple ways to send money to the Philippines, including online transfers, agent locations, and mobile wallets. Be mindful of their exchange rates as they may add additional mark-ups. Here's how to send money using Western Union:

• Create an online Western Union profile or visit a nearby agent location.
• Provide the recipient's information, including their name and contact details.
• Choose the payout method: cash pick-up, bank deposit, or mobile wallet.
• Enter your payment information and confirm the transfer.
• Share the Money Transfer Control Number (MTCN) with the recipient, which they will need to collect the funds.

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3. Remitly: Remitly is a popular online money transfer service focused on international remittances. It offers exchange rates and quick transfer speeds. However, be mindful of their exchange rates as they may add additional mark-ups even if transaction fees are ‘free’. To send money to the Philippines with Remitly, follow these steps:

• Sign up for a Remitly account through their website or mobile app.
• Provide the recipient's information, including their name, contact details, and bank account details.
• Choose the transfer method: bank deposit or cash pick-up.
• Select the amount you wish to send and review the exchange rate and fees.
• Confirm the transfer and track its progress through Remitly's platform.

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4. Parallax: Parallax is another viable option for sending money to the Philippines from the USA. Parallax issues the recipient an insured bank account in the U.S. with just a passport and allows senders to move money 2x faster with low fees.

• Payouts to the Philippines include mobile wallets, bank accounts and cash pick-ups. Here's how to use Parallax for moving money:
• Have the recipient create a Parallax account, which they’ll use for receiving USD
• Send an ACH transfer using a bank account in the U.S. to the bank account details provided on the Parallax account
• Once received, choose which payout method to send PHP to. Confirm the transaction.

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When sending money to the Philippines from the USA, it's important to compare the rates, fees, and services offered by different money transfer providers.

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Wise, Western Union, Remitly, and Parallax are all reliable options with their unique features and benefits. Consider factors such as exchange rates, fees, transfer speed, and payout methods to choose the most suitable service for your needs.

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